UK-based classification society Lloyd’s Register (LR) has formed a strategic partnership with H2C, the global attribute market platform for low-carbon fuels, to speed up maritime fuel switching. The post LR forges alliance with H2C to propel maritime decarbonization appeared first on Offshore Energy.
As America’s energy policy continues to assert dominance across the global power sector, especially in relation to the liquefied natural gas (LNG) construction boom, which is reshaping the U.S. Gulf’s energy landscape, a development in Calcasieu Parish, Louisiana, operated by Australia’s Woodside Energy, is off to a good start with 22% completion already achieved. The post $17.5 billion Louisiana LNG project surges ahead with new construction milestone appeared first on Offshore Energy.
The US federal administration may be turning away from the energy transition but many of America’s most important businesses and investors are certainly not, according to think tank Chatham House. The government’s One Big Beautiful Bill Act, passed in July, eliminates tax credits and cut incentives – although the Section 45Q tax credit for carbon dioxide utilisation has been increased to match the $85 per tonne rate for sequestration – with the aim of slowing the roll-out of renewable energy and reinvigorating the fossil-fuel sector. But in a column ahead of Climate Week NYC (September 21-28), Helen Clarkson, CEO Climate Group, said leading US corporates have reaffirmed or met their net zero targets this year. Of the 50 largest US firms, 71% continue to uphold climate goals, with 8% recently raising their ambitions. “US companies are… Read More »US businesses ‘remain in the energy transition’ despite policy moves | United States
A new strategic alliance – made up of Jumbo Offshore, a Dutch transportation and installation player, and Intermoor, Acteon’s moorings and anchors business line – has appeared on the offshore oil, gas, and wind scene to tackle floating energy challenges by jointly delivering fully integrated project management, engineering, transport, and installation services. The post Acteon-Jumbo partnership’s end-to-end offering enriches offshore oil & gas and wind realms appeared first on Offshore Energy.
A subsidiary of the Singapore-headquartered Seatrium has opted to continue its arbitration fight, following […] The post Seatrium vows arbitration battle as court clears path for $126.6 million rig contract payout appeared first on Offshore Energy.
UK-based Global OTEC has been selected to take part in a new research project […] The post Consortium including Chevron, ExxonMobil, BP to evaluate OTEC for deepwater ops appeared first on Offshore Energy.
The Panama Canal is all set to implement a new category within its transit reservation system, the NetZero Slot, designed to propel maritime decarbonization and support the canal’s commitment to achieving net-zero emissions by 2050. The post All systems go for Panama Canal’s prirority passage program for dual-fuel vessels appeared first on Offshore Energy.
The French subsidiary of Norwegian shipping company Knutsen has welcomed its latest liquefied natural gas (LNG) carrier that will be chartered to the U.K. energy giant Shell. The post Final piece in place: Knutsen’s ninth LNG carrier for Shell arrives appeared first on Offshore Energy.
Given the ongoing global energy security concerns, Egypt has taken further steps to deepen energy alliances with international players, including Chevron, Hoegh Evi, SLB, and Energean. These and similar undertakings are paving the way to boost exploration, liquefied natural gas (LNG), and sustainability efforts. The post Chevron, Höegh Evi, SLB, and Energean helping Egypt expand energy horizons to fuel its future appeared first on Offshore Energy.
Linde India has started commercial production at its new gas facility in Unnao, Lucknow, in the northern Indian state of Uttar Pradesh. The plant will support industrial and medical requirements, and raise storage, handling and distribution capabilities. Construction began in April 2022. The opening is the latest in a line of developments in the fast-growing Indian market. Last week the industrial gases major announced it is advancing plans for a new production plant in Dholera, Gujarat, to meet demand from India’s emerging semiconductor and electronics sector. The plant will produce oxygen, nitrogen and argon in undisclosed quantities to serve upcoming electronics projects regionally. Linde’s other facilities in India include air separation units for Tata Steel in Odisha and a contract to supply industrial gases to the Panipat refinery in Haryana. Linde, which recorded $33bn sales… Read More »Linde Lucknow site begins operations | India Gas News