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Honeywell agrees to buy Johnson Matthey’s catalysts business for $2.4bn | Gas Acquisition News

© JHVEPhoto / Shutterstock.com © JHVEPhoto / Shutterstock.com US industrial tech firm Honeywell has agreed to acquire UK chemicals-and-tech business Johnson Matthey’s Catalyst Technologies business for £1.8bn ($2.4bn). The deal will expand its proposition in hydrogen, ammonia, and sustainable aviation fuel (SAF). The acquisition is a fit with Honeywell’s UOP unit, which will strengthen its position in lower-emission fuels once the deal completes. For the first time, the company will be able to offer solutions to produce sustainable methanol, SAF, blue hydrogen, and blue ammonia. Vimal Kapur, Chairman and CEO of Honeywell, said buying these catalyst technologies broadens Honeywell’s role as a technology provider of energy needed to drive growth into the future. “As demand for diversified sources of energy continues accelerating, it will better enable Honeywell to offer the innovation our customers need,” he… Read More »Honeywell agrees to buy Johnson Matthey’s catalysts business for $2.4bn | Gas Acquisition News

Why total cost of ownership could be the new benchmark in green hydrogen | Hydrogen

The hydrogen industry must face a “sobering” market reality and move beyond the early hype if it is to deliver on its promise of decarbonising hard-to-abate sectors. That was the message from a recent H2 View webinar featuring engineering firm ABB and Ontario-based technology company Hydrogen Optimized, who said long-term cost efficiency and system reliability, not just upfront capital expenditure, will determine project viability going forward. While green hydrogen has seen strong momentum in recent years, recent headwinds driven by rising costs and an increased focus on blue hydrogen have slowed progress. “The market situation is not an easy one,” said Denis Krude, President and CEO of Hydrogen Optimized. “I would call it rather a sobering [sic] in the market.” He cited inflation, shifting political priorities, and lagging investments in distribution and offtake as key… Read More »Why total cost of ownership could be the new benchmark in green hydrogen | Hydrogen

Harbour Energy flows first oil from subsea tie-back in Norwegian waters

Harbour Energy has brought online a subsea tie-back to its existing infrastructure off the coast of Norway, as part of a major revitalization of an oil field in the Norwegian Sea. The post Harbour Energy flows first oil from subsea tie-back in Norwegian waters appeared first on Offshore Energy.

EPS, Avikus ink pact to deploy AI navigation on two vessels

Singapore-based shipowner Eastern Pacific Shipping (EPS) has commissioned South Korea’s autonomous navigation systems venture […] The post EPS, Avikus ink pact to deploy AI navigation on two vessels appeared first on Offshore Energy.

Giant FPU’s transport marks ‘world’s first’ for CNOOC

Chinese state-owned oil and gas giant China National Offshore Oil Corporation (CNOOC) has completed a transport operation related to a giant floating production unit (FPU). The post Giant FPU’s transport marks ‘world’s first’ for CNOOC appeared first on Offshore Energy.

Equinor gets go-ahead for drilling ops with COSL rig

Equinor has secured a drilling permit for an exploration well in the Norwegian sector of the North Sea, which will be drilled with a semi-submersible rig owned by COSL Drilling Europe. The post Equinor gets go-ahead for drilling ops with COSL rig appeared first on Offshore Energy.

Yinson GreenTech, Wilhelmsen Ships Service roll out electric vessel charging station in Singapore

Singapore-based green technology solutions provider Yinson GreenTech (YGT) has launched an electric vessel charging station in Singapore, developed in collaboration with Norwegian maritime solutions provider Wilhelmsen Ships Service (WSS) for the latter’s Pandan Loop facility. The post Yinson GreenTech, Wilhelmsen Ships Service roll out electric vessel charging station in Singapore appeared first on Offshore Energy.

Belledune and Antwerp-Bruges ports firm up transatlantic hydrogen collaboration

Canada’s Belledune Port Authority (BPA) and Belgium’s Port of Antwerp-Bruges have signed a memorandum of understanding (MoU) to collaborate on establishing a supply chain for clean fuels, with a focus on hydrogen and its derivatives. The post Belledune and Antwerp-Bruges ports firm up transatlantic hydrogen collaboration appeared first on Offshore Energy.

Odfjell Drilling rig gearing up to spud North Sea wildcat duo

Equinor has received a drilling permit for two exploration wells in the North Sea off the coast of Norway, which will be drilled with a semi-submersible rig owned by Odfjell Drilling, an offshore drilling contractor. The post Odfjell Drilling rig gearing up to spud North Sea wildcat duo appeared first on Offshore Energy.