U.S.-based technology firm Honeywell has agreed to buy compatriot pump and compressor player Sundyne from private equity firm Warburg Pincus in an all-cash transaction. The post US firm to bring compatriot pump manufacturer into its fold for $2B appeared first on Offshore Energy.
Wärtsilä Gas Solutions, part of Finland-based technology giant Wärtsilä, is set to provide its […] The post Gas carrier trio under construction at HD Hyundai Mipo to feature Wärtsilä’s technology appeared first on Offshore Energy.
Blue hydrogen has emerged in recent months as the dominant investment choice in the US when it comes to hydrogen. Major energy players are prioritising carbon capture-backed hydrogen over its greener cousin. Despite long-term hopes for green hydrogen, 90% of the country’s clean hydrogen projects are now blue, driven by regulatory realities and market constraints, as well as the fossil-first policy of the Trump administration. It is a trend that is explored more fully in the latest gasworld Global magazine, which is out now. By the end of 2025, analysts expect at least three major US blue hydrogen projects to reach final investment decisions FIDs, cementing the country’s role as a global leader in blue. ExxonMobil, Air Products, and Linde are spearheading investments, banking on carbon capture and storage to align hydrogen production with emissions… Read More »Blue hydrogen now dominates US investment but doubts linger
Wave energy developer Eco Wave Power has presented its 2024 financial results, highlighting cost […] The post Eco Wave Power cuts costs in 2024, projects in focus appeared first on Offshore Energy.
UK-headquartered oilfield services provider Petrofac has provided an update on its proposed financial restructuring. The post Petrofac eyes April restructuring date as convening hearing is postponed appeared first on Offshore Energy.
UK’s GT Wings has installed its first AirWing wind propulsion system onboard a general cargo vessel owned by Carisbrooke Shipping, reaching “a major milestone in sustainable shipping”. The post GT Wings: First AirWing-fitted ship sets sail appeared first on Offshore Energy.
Corvus Energy has received type approval from Lloyd’s Register (LR) for its Dolphin NxtGen Energy marine battery system. The post Lloyd’s Register approves Corvus Energy’s marine battery system appeared first on Offshore Energy.
San Diego-headquartered Flagship Cruises & Events has clinched $15.2 million funding from the California […] The post All-electric zero-emission ferry duo to debut on San Diego-Coronado route by 2026 appeared first on Offshore Energy.
Tampnet, a Norway-headquartered provider of offshore high-capacity and low-latency connectivity services, has secured a […] The post Award of fiber optic contract brings remote ops to Mexican deepwater oil project appeared first on Offshore Energy.
SBM Offshore has picked EnerMech for pre-commissioning work on a floating production, storage, and offloading (FPSO) vessel, which will be deployed on ExxonMobil’s fourth oil project in the Stabroek block off the coast of Guyana. The post SBM Offshore taps UK firm for job on fourth FPSO in Guyana’s offshore oil arena appeared first on Offshore Energy.