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L&T Energy Green Tech and Itochu to develop India green ammonia plant | Ammonia

L&T Energy GreenTech (LTEG), a wholly owned subsidiary of Larsen & Toubro (L&T), has entered into a joint development agreement with Japan’s Itochu Corporation to develop and commercialise a 300 ktpa green ammonia project at Kandla in Gujarat. LTEG and Itochu will collaborate on the development of the facility, with the Japanese corporation planning to offtake the product for bunkering applications in Singapore. The partnership marks a significant step in advancing clean energy solutions for the maritime sector and aligns with both companies’ commitments to sustainability and decarbonisation. Last year L&T acquired a sizeable land parcel at Kandla for developing green hydrogen and green ammonia projects. Subramanian Sarma, Deputy Managing Director & President, L&T, said, “As the global energy landscape shifts decisively towards sustainability, L&T remains deeply committed to driving the clean energy transition through ‘innovation,… Read More »L&T Energy Green Tech and Itochu to develop India green ammonia plant | Ammonia

Norway eyes oil & gas investments of nearly $23 billion next year

Statistics Norway, the Norwegian statistics bureau, has revealed a spike in estimates for oil and gas investments in 2026, which are anticipated to hit NOK 230 billion (approximately $22.55 billion), thanks to higher price estimates in the production drilling segment. The post Norway eyes oil & gas investments of nearly $23 billion next year appeared first on Offshore Energy.

Ocean Yield expanding LNG portfolio with CapeOmega purchase

Norwegian shipowner Ocean Yield and global investment firm KKR intend to purchase energy infrastructure company CapeOmega Gas Transportation from Partners Group, a global private markets investment manager. The post Ocean Yield expanding LNG portfolio with CapeOmega purchase appeared first on Offshore Energy.

Fresh gas storage license for Snam’s subsidiary in East Irish Sea fueling UK’s hydrogen dreams

North Sea Transition Authority (NSTA) has offered a license for gas storage in the East Irish Sea to dCarbonX, a subsidiary of Snam, which is expected to propel the UK’s decarbonization aspirations forward, thanks to offshore hydrogen storage. The post Fresh gas storage license for Snam’s subsidiary in East Irish Sea fueling UK’s hydrogen dreams appeared first on Offshore Energy.

Seacontractors adding two ex-DOF vessels to its fleet

The Netherlands-headquartered maritime service provider Seacontractors has acquired two vessels formerly owned by Norwegian vessel owner DOF Group. The post Seacontractors adding two ex-DOF vessels to its fleet appeared first on Offshore Energy.

Seatrium-Karpowership partnership giving LNG vessel trio new lease on life as FSRUs

Seatrium is forging a new partnership bond with Türkiye’s floating power plant company Karpowership, which will enable the conversion, life extension, and repairs of three liquefied natural gas (LNG) carriers (LNGCs) into floating storage regasification units (FSRUs). The post Seatrium-Karpowership partnership giving LNG vessel trio new lease on life as FSRUs appeared first on Offshore Energy.