UK-headquartered oil and gas company Trident Energy has completed the acquisition of Chevron’s Congolese subsidiary and its in-country assets and a working interest in two fields from TotalEnergies off the coast of Congo. The post Trident kicks off the new year with fresh Congo acreage appeared first on Offshore Energy.
The batch of new projects, which are expected to reach the EPC stage this year, is anticipated to lead to awards worth billions of dollars for jobs related to associated subsea equipment, offshore platforms, floating production units, and liquefied natural gas (LNG) equipment and facilities, based on the research done by Westwood Global Energy, an energy market research and consultancy firm. The post $54 billion in engineering, procurement and construction contracting opportunities on offshore oil & gas agenda for 2025 appeared first on Offshore Energy.
Denmark’s Copenhagen Infrastructure Partners (CIP), through its Energy Transition Fund (ETF), and German Friesen Elektra Green Energy have initiated project Anker, a green hydrogen production facility in Sande, Northern Germany. The post New 800 MW green hydrogen project launched in Northern Germany appeared first on Offshore Energy.
Denmark-based towage and marine services provider Svitzer has placed an order for a brand-new […] The post Newly ordered battery-electric tug to ‘strengthen’ Svitzer’s green towage push appeared first on Offshore Energy.
The U.S. renewable energy company Ocean Thermal Energy Corporation (OTE Corp) has secured a […] The post $3.5M contract sets stage for OTEC deployment at remote US Army base appeared first on Offshore Energy.
Declining optimism, deepening geopolitical tensions and tariff-led economic impacts are shrouding the world as we enter 2025 but one bright spark is a fall in inflation, according to the World Economic Forum’s Global Risks report released ahead of the Davos conference. State-based armed conflict (23%), extreme weather events (14%) and geoeconomic confrontation (11%) head the list of concerns in the current risk landscape, followed by misinformation and disinformation (7%) and societal polarisation (6%). Interestingly disruptions to a ‘systemically important supply chain’ barely registered (1%), suggesting challenges during the COVID years have been consigned to memory, although the report still highlights the need to diversify supply chains amid ongoing conflicts. “With geopolitical volatility likely to remain high over the next two years, organisational investment in geopolitical risk foresight and risk management is a must,” it states.… Read More »Diversify supply chains amid mounting geopolitical risks | Report
As part of its growth and expansion plans aimed at strengthening the fleet and […] The post NextGeo continues its expansion spree with purchase of another vessel appeared first on Offshore Energy.
ABS, PCL, and PaxOcean have agreed to collaborate on developing retrofit strategies to support maritime decarbonization targets. The post Trio to work on retrofit strategies amidst stricter maritime decarbonization targets appeared first on Offshore Energy.
HD KSOE has obtained approvals in principle (AiPs) from LR, ABS, DNV and KR for its vacuum insulation system for liquid hydrogen (LH2) storage tanks. The post HD KSOE gets seals of approval for hydrogen tank technology appeared first on Offshore Energy.
Italian shipbuilder Fincantieri and compatriot Hera Group, a multi-utility company operating in the environment, […] The post Fincantieri’s new JV to focus on circular economy-based waste management appeared first on Offshore Energy.