Norwegian oil and gas player Aker BP has installed a new piece of equipment at its field situated in the southern part of the Norwegian sector in the North Sea. The post Out with the old, in with the new: Aker BP’s North Sea field sports new jacket for 40 more years of production appeared first on Offshore Energy.
The Port of Aberdeen’s North Harbour is now home to what is described as […] The post Scotland’s ‘biggest-ever’ green shore power system switches on in Aberdeen appeared first on Offshore Energy.
The UK is doubling investment in clean energy industries to more than £30bn a year by 2035 under its 10-year industrial strategy that launches today [23 June]. But the initial 22-page document is light on specific details, beyond ‘prioritising investment’ for the so-called IS-8 categories (advanced manufacturing, defence, clean energy, digital and technology, creative, financial services, life sciences, and professional and business services). The UK government claims the intervention will boosts 7,000 businesses that will see their electricity bills fall 25% from 2027, by up to £40 per megawatt hour. In particular, electricity-intensive manufacturing businesses will be exempt from paying levies such as the renewables obligation, feed-in tariffs and the capacity market, helping level the playing field and make them more internationally competitive. Eligibility and further details on the exemptions will be determined following consultation,… Read More »UK launches 10-year industrial strategy with push on clean power and digital
Golar LNG has opened the doors to a multibillion-dollar backlog, thanks to a floating LNG (FLNG) unit, which has ticked off its task list a commercial operations date (COD) at a huge gas project in African waters, operated by the UK-headquartered BP. The post ‘Significant milestone’ for BP’s mega gas project as FLNG moves to commercial ops appeared first on Offshore Energy.
The tanker sector keeps its finger on the pulse regarding fuel options but is cautious about readiness, safety, and regulatory support, BIMCO, the world’s largest international shipping association, said. The post Alternative fuels: How far has tanker industry come? appeared first on Offshore Energy.
Industry groups have called on the European Commission to acknowledge their concerns with the current draft ‘Delegated Act’ defining the greenhouse gas (GHG) methodology for low-carbon hydrogen and its derivatives, claiming that the new version of this secondary legislation threatens the overall feasibility of this energy pathway. The post Industry groups: EU’s draft GHG rules threaten feasibility of low-carbon hydrogen appeared first on Offshore Energy.
Singapore’s Rex International Holding Limited has disclosed the results of an updated independent qualified person’s report (QPR) for its field offshore Oman. The post Field development update boosts Rex’s reserves estimate off Oman appeared first on Offshore Energy.
Vår Energi has put a floating production, storage, and offloading (FPSO) vessel back into operation at an oil project in the North Sea off the coast of Norway. The post Revamped FPSO begins 20-year chapter of North Sea project’s oil story appeared first on Offshore Energy.
OneSubsea has delivered the 21st and final subsea tree for Petrobras’ Búzios project in […] The post OneSubsea delivers final subsea tree for ‘world’s largest deepwater oil & gas field’ appeared first on Offshore Energy.
The Barbados Investment & Development Corporation (BIDC) has signed a memorandum of understanding (MoU) […] The post Barbados to explore ocean thermal energy development with Global OTEC appeared first on Offshore Energy.