Oslo-headquartered TMC Compressors has clinched a contract with China’s Yangzijiang Shipbuilding Group to deliver […] The post Maersk’s green methanol containership sextet to feature TMC’s compressors appeared first on Offshore Energy.
The top three fossil energy projects, which came into operation during 2024, reflect the prevailing market trends of entwining dynamic hydrocarbon and alternative greener plays driven by the security of supply pursuits with strong decarbonization currents to enable the industry players to come to grips with sustainability targets. The post Spotlight on oil & gas legacy of 2024: Three biggest hydrocarbon projects to turn production mode on appeared first on Offshore Energy.
Vantage Drilling has established a new joint venture (JV), named TEVA Ship Charter (TEVA), with France’s energy giant TotalEnergies, which will acquire a drillship currently working off the coast of Congo. The post TotalEnergies and Vantage Drilling launch rig joint venture appeared first on Offshore Energy.
The world at large still runs on coal, oil, and gas, with the lion’s share of the energy mix controlled by these fuels. The post Energy outlook: Uncertainty and ‘resilient’ oil & gas to run the energy show in 2025 appeared first on Offshore Energy.
Singapore’s Eastern Pacific Shipping Ventures (EPS Ventures) and Norwegian state-owned Nysnø Climate Investments have become shareholders in shore power solutions provider Zinus through joint investment. The post Zinus welcomes $4 million investment to boost shore power solutions appeared first on Offshore Energy.
BP has tucked a first gas flow milestone under its belt off the coasts of Mauritania and Senegal at a gas project that is said to be the biggest one in the oil major’s portfolio and one of the deepest, most complex gas developments in Africa. The post BP celebrates first gas from its deepwater ‘megaproject’ offshore Africa appeared first on Offshore Energy.
Hydrogen is considered one of the key components of global decarbonization, with countries setting ambitious capacity and demand targets. In 2024, governments and companies worldwide increased their investments and announced new partnerships and projects, recognizing hydrogen’s potential to decarbonize hard-to-abate sectors and provide a sustainable energy source. This article takes a look at 2024’s top five hydrogen stories. The post Offshore Energy’s top five hydrogen stories of 2024 appeared first on Offshore Energy.
Energy intelligence group Wood Mackenzie has published a report listing several key trends shaping the future of the energy sector, including three that are relevant to the offshore industry – the fast pace of China’s energy transition, a comparison of liquefied natural gas (LNG) and carbon capture and storage (CCS) projects, and the potential of offshore wind compared to oil and gas in the North Sea. The post WoodMac: low-carbon power central to energy transition, but replacing oil & gas will be a ‘gargantuan’ task appeared first on Offshore Energy.
As the offshore energy industry continues its gradual shift to low-carbon and renewable energy sources, offshore drilling players are intensifying their efforts to slash emissions on the path to a sustainable future. While drilling rigs largely run on diesel, which creates electricity to power the motors, rig owners are exploring ways to harness low-carbon and green alternatives. In this fast-changing landscape, which fuel will dominate the rig market and power offshore drilling rigs in the years ahead? The post Greening offshore drilling: Rigs powered by alternative fuels in pursuit of low-emission era appeared first on Offshore Energy.
The North Sea decommissioning sector continues to face delays, as technical, regulatory, and financial […] The post North Sea decommissioning grapples with delays despite government incentives appeared first on Offshore Energy.