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SBM Offshore FPSO up and running in Guyana: First oil gushes out of ExxonMobil’s 4th project

SBM Offshore, a provider of design, construction, installation, and operation of offshore floating facilities, has put its new floating production, storage, and offloading (FPSO) vessel into production mode, enabling ExxonMobil’s fourth oil project in the Stabroek block off the coast of Guyana to come online. The post SBM Offshore FPSO up and running in Guyana: First oil gushes out of ExxonMobil’s 4th project appeared first on Offshore Energy.

Webinar: Delivering on large scale hydrogen and top 10 projects globally

When it comes to large scale hydrogen projects, few are on the scale of the Nordic-Baltic hydrogen corridor. The ambitious project aims to connect Finland, the Baltic States (Lithuania, Latvia and Estonia), Poland and Germany with a 2,500km hydrogen pipeline by 2030. It supports the EU’s hydrogen strategy and REPowerEU plan and several regional and EU climate goals, such as the EU’s Green Deal program and the Fit for 55 preparedness package. … to continue reading this article and more, please login, register for free, or consider subscribing to gasworld You’ve reached your weekly limit to access free articles! Want to keep reading? Please register for free and create a profile to gain access to this full article and gasworld’s daily news. For access to more content including our monthly digital magazines, subscriber-only features or… Read More »Webinar: Delivering on large scale hydrogen and top 10 projects globally

NEXTCHEM to provide technology for low-carbon hydrogen project in US

NEXTCHEM has received a letter of award from an undisclosed international energy company to provide the licensing, process design package (PDP), and engineering services for the application of its proprietary eBlue technology in the production of low-carbon hydrogen in the southwest of the United States (U.S.). The post NEXTCHEM to provide technology for low-carbon hydrogen project in US appeared first on Offshore Energy.

Norway’s northernmost oil field formally inaugurated

Norwegian Energy Minister Terje Aasland has officially opened a field offshore Norway operated by the country’s state-owned energy giant Equinor. The post Norway’s northernmost oil field formally inaugurated appeared first on Offshore Energy.

UAE player’s stake buy prompts rebrand of US LNG developer

UAE-headquartered Mubadala Energy, a wholly-owned subsidiary of Mubadala Investment Company owned by the government of Abu Dhabi, has closed the acquisition of an interest in a subsidiary of energy-focused alternative asset manager  Kimmeridge. The post UAE player’s stake buy prompts rebrand of US LNG developer appeared first on Offshore Energy.

Fortescue secures RMB14.2bn loan to revive green energy plans

Diverse Australian mining-come-energy company Fortescue has secured a RMB14.2bn (US$1.98bn) loan in order to get its decarbonisation agenda back on track. The loan, the first RMB-syndicated term loan of its kind by an Australian corporate, was secured from leading Chinese, Australian and international lenders. Fortescue is a core supplier of iron ore to China and generates RMB revenues through its iron ore sales. Dr Andrew Forrest, Executive Chairman, said while the US steps back from investing “in what will be the world’s greatest industry”, China and Fortescue are advancing the green technology needed to lead the global green industrial revolution. “China continues to lead the world in industrial scale and innovation,” he said. Fortescue has cancelled two green hydrogen projects in the US and Australia, despite both having passed final investment decision (FID), citing shifting… Read More »Fortescue secures RMB14.2bn loan to revive green energy plans