K Line Energy Shipping, a London-based unit of Kawasaki Kisen Kaisha (K Line), has joined forces with Yinson Production, an owner and operator of floating production, storage and offloading (FPSO) vessels, to develop and market liquefied CO2 (LCO2) carrier and injection solutions. The post K Line and Yinson Production set sights on LCO2 shipping and injection solutions appeared first on Offshore Energy.
Norwegian company Havkraft has reported an energy conversion rate of over 80% from its […] The post Norwegian wave energy converter achieves over 80% conversion rate in lab test appeared first on Offshore Energy.
TendrillWood, a joint venture (JV) between UK engineering and consulting company Wood and Tendrill International, has won a five-year contract with Brunei Shell Petroleum (BSP), a subsidiary of UK-headquartered energy major Shell, for brownfield engineering, procurement, and construction (EPC) services. The post Wood named brownfield EPC provider of choice for Shell in Brunei appeared first on Offshore Energy.
EnerMech, an Aberdeen-headquartered integrated solutions specialist, has secured a new decommissioning assignment for a 25-year-old oil and gas project in the Gulf of America, formerly the U.S. Gulf of Mexico. The post ExxonMobil entrusts EnerMech with deepwater decom job at oil & gas project in US Gulf appeared first on Offshore Energy.
Norwegian shipping company GC Rieber Shipping has entered into a letter of intent for the construction of a fully electric battery-powered freight carrier. The post GC Rieber Shipping to build zero-emission freighter appeared first on Offshore Energy.
TotalEnergies has decided to enlarge its American oil and gas portfolio by acquiring interests in 40 exploration blocks that Chevron currently operates. The post TotalEnergies strengthens ties with Chevron by expanding US oil & gas offshore footprint appeared first on Offshore Energy.
Geotechnical surveys have commenced for the 240 MW Jammerland Bugt offshore wind farm in […] The post Geotechnical surveys begin at Jammerland Bugt site offshore Denmark appeared first on Offshore Energy.
Policy and market uncertainty continues to cast a shadow over the hydrogen, CCUS and biomethane sectors – and a dedicated session at the Gas, LNG and Future of Energy conference in London explored the latest developments. Mhairidh Evans, Vice-President Global Head of CCUS Research at analyst group Wood Mackenzie, said, “It looks like the 45Q tax credit, probably the most famous CCS incentive globally, will stay, but almost $4bn of funding for projects has been pulled. So what we’re seeing is players in the US and Canada, to some extent, ‘tap the brakes’ on their investment decisions.” She said the slowdown is expected to last “for a good year yet”. Nonetheless, CCUS has a “pretty decent role to play” in addressing Scope 1 emissions for gas production and processing and that also extends to enabling… Read More »Future of Energy event: clean energy weighs its prospects | famous ccs incentive globally
Indian refineries are set to invest ₹2 trillion ($23bn) in green hydrogen projects over the next few years, according to the Independent Commodity Intelligence Services (ICIS), marking one of the world’s most ambitious national pushes for hydrogen decarbonisation. The plans include tenders for 42,000 tonnes per year of green hydrogen production across domestic oil refineries, recently confirmed by India’s Minister for Petroleum and Natural Gas, Hardeep Singh Puri. “These tenders have been floated by the refineries while 128 more will be issued by state-owned refineries based on the outcome of those tenders,” he said on social media platform X. To date, four green hydrogen pilot or demonstration plants have been commissioned by Indian Oil Corp (IOC), GAIL India, Hindustan Petroleum and Bharat Petroleum, with a further nine under construction. IOC is developing a 10,000 tonne… Read More »India refineries to invest $23bn in green hydrogen build-out | Hydrogen
The notion that the energy market can switch from natural gas to green hydrogen is “completely unrealistic,” according to Uniper CEO Michael Lewis. Speaking at the Gas, LNG and Future of Energy conference in London, he said, “The cost of green hydrogen is extremely expensive, around eight to 10 times the cost of natural gas. So that’s not an option if we want to keep Europe as an industrial powerhouse.” He described the current market changes as a “necessary recalibration”. Echoing sentiments throughout the two-day conference, Lewis said natural gas has huge advantages as it is abundant, affordable and flexible. He went on to describe the Iberian blackout, which happened earlier this year, as a “good wake up call” as it underlined the importance of supply security, and expressed challenges with electricity prices in Germany,… Read More »Future of Energy event: Switching from natural gas to hydrogen ‘unrealistic,’ says Uniper CEO | Hydrogen