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$27 billion fills Shell, BP, TotalEnergies, Eni, Equinor, ExxonMobil, Chevron, and ConocoPhillips’ quarterly profit coffers

Against the backdrop of concerns over hydrocarbon production rates, the European and U.S. oil majors – the UK’s duo Shell and BP, France’s TotalEnergies, Norway’s Equinor, and Italy’s Eni alongside U.S.-based trio: ExxonMobil, Chevron, and ConocoPhillips – have secured over $27.14 billion in profits. The post $27 billion fills Shell, BP, TotalEnergies, Eni, Equinor, ExxonMobil, Chevron, and ConocoPhillips’ quarterly profit coffers appeared first on Offshore Energy.

2019-built rig changing hands thanks to $480 million sale deal

A six-year-old semi-submersible rig, managed by Odfjell Drilling and owned by Northern Ocean, is getting a new owner, as the current manager sets the stage to become the new owner of this mobile offshore drilling unit (MODU). The post 2019-built rig changing hands thanks to $480 million sale deal appeared first on Offshore Energy.

ReiCat delivers hydrogen recycling to fragrance and flavours maker | Hydrogen

German gas treatment specialist ReiCat has supplied its hydrogen recycling system to flavour and fragrance manufacturer Symrise. The tech will enable the firm to clean up hydrogen that has picked up impurities during the production of ingredients for perfumes and nutritional and taste enhancers. The system works by capturing the exhaust stream and purifying it in a complex multi-stage process before the hydrogen is cycled back into production. “With our hydrogen recycling systems, we make an important contribution to the circular economy in industrial processes,” said Michael Höfling, CEO of ReiCat. Symrise purchased its first system from ReiCat in 2017 to decarbonise its US site. The latest deal will see the tech installed at its facility in Granada, Spain. “Projects like this demonstrate that hydrogen recycling is an indispensable complement to power-to-X,” added Höfling. 3D… Read More »ReiCat delivers hydrogen recycling to fragrance and flavours maker | Hydrogen

MPCC orders four energy-efficient boxships

Norwegian container tonnage provider MPC Container Ships (MPCC) has entered into contracts with China’s shipbuilder Jiangsu Hantong Ship Heavy Industry for the construction of four 4,500 TEU container vessels. The post MPCC orders four energy-efficient boxships appeared first on Offshore Energy.

COP30 round-up: sustainable fuel, bioenergy and Africa green hydrogen | events

Sustainable fuel pledges from countries attending COP30 in Brazil have increased to 23 countries. Initially only Brazil, Japan, Italy, and India had signed up to promote clean energy sources, such as hydrogen and its derivatives, biogases, biofuels, and synthetic fuels. But COP30 CEO Ana Toni said there has now been a strong uptake, with the Belem 4x pledge, coinciding with the energy-focusd days at the annual intergovernmental climate conference. “It shows that the transition to a low-carbon economy is irreversible,” she said. Attending Friday’s panel was Alistair Phillips-Davies, Chief Executive of SSE and Co-chair of the Utilities for Net Zero Alliance (UNEZA), with 53 members worked at cutting carbon emissions. He acknowledged the world is “long on targets but short on delivery,” before highlighting work at Dogger Bank off the coast of the UK –… Read More »COP30 round-up: sustainable fuel, bioenergy and Africa green hydrogen | events

Russian oil & gas giant set on preventing ops disruption during divestment talks

Moscow-headquartered energy giant PJSC Lukoil is doing its utmost to ensure all operations at its assets are functioning properly during the sale discussions, shortly after receiving a bid from Switzerland’s Gunvor Group for its international portfolio of assets. The post Russian oil & gas giant set on preventing ops disruption during divestment talks appeared first on Offshore Energy.