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Saudi power-and-water firm explores $10bn-worth of Malaysia power

Saudi Arabia’s ACWA Power has entered into a memorandum of understanding (MoU) with the Malaysian Investment Development Authority to explore developing up to 12.5GW of power generation capacity by 2040, with an initial investment value of up to $10bn. The power and water desalination company has also signed up to partnering with Tenaga Nasional Berhad, Terengganu and UEM Lestra to conduct feasibility studies and jointly develop various energy projects, including combined cycle-gas turbine and large-scale water desalination. The tie-ups were announced at the ASEAN–GCC Summit in Kuala Lumpur. All parties will combine their expertise in renewables, water desalination, and green hydrogen to accelerate clean energy development. … to continue reading this article and more, please login, register for free, or consider subscribing to gasworld Source link

Sea Lion runs into setback as financing delays Falkland Islands’ $1.4B oil project

Israel’s Navitas Petroleum has put off a final investment decision (FID) for its giant Sea Lion oil project in the North Falkland Basin (NFB), pushing it to the second half of the year for Phase 1 to put a financing plan in place. The post Sea Lion runs into setback as financing delays Falkland Islands’ $1.4B oil project appeared first on Offshore Energy.

Denmark’s Project Greensand hires NOV for CO2 transfer solution

INEOS and its partners in Project Greensand, an initiative that aims to set up a large-scale carbon capture and storage (CCS) value chain offshore Denmark by 2026, have selected a provider of an offshore CO2 injection system for the project. The post Denmark’s Project Greensand hires NOV for CO2 transfer solution appeared first on Offshore Energy.

Sungrow partners with BrightHy to deliver hydrogen solutions in Iberia

Sungrow Hydrogen, a subsidiary of China’s energy solutions company Sungrow, and BrightHy Solutions, Fusion Fuel’s hydrogen solutions platform, have entered a strategic agency and partnership agreement to accelerate the deployment of hydrogen production equipment in Iberia. The post Sungrow partners with BrightHy to deliver hydrogen solutions in Iberia appeared first on Offshore Energy.

15-year drilling assignment enables rig duo to rake in $1.15 billion

ADNOC Drilling has expanded its workload with ADNOC Offshore, a compatriot oil and gas heavyweight, by securing another multi-year drilling campaign in the Middle East, which will be undertaken by two of its jack-up rigs. The post 15-year drilling assignment enables rig duo to rake in $1.15 billion appeared first on Offshore Energy.

Marine e-fuels policies don’t go far enough, says maritime forum | Methanol & e-fuels

New policy measures set out by the United Nations-led agency the International Maritime Organisation (IMO) lay the groundwork for a transition to zero-emission fuels but may lack the incentives needed to make e-fuels like green ammonia and e-methanol commercially viable in the near term. That is according to independent not-for-profit foundation the Global Maritime Forum, which warned that the shipping industry risks delayed adoption of scalable zero-emission fuels unless stronger policy and investment signals are put in place. “The IMO’s new framework is an historic step forward, but unless e-fuels become competitive early on there is a risk that the sector will run into bottlenecks as … decarbonisation efforts scale up,” said Jesse Fahnestock, Director of Decarbonisation at the Forum. … to continue reading this article and more, please login, register for free, or consider… Read More »Marine e-fuels policies don’t go far enough, says maritime forum | Methanol & e-fuels