Switzerland-headquartered energy company MET Group has named a new leader for its liquefied natural gas (LNG) unit. The post MET Group appoints new head to oversee LNG growth appeared first on Offshore Energy.
Ocean Oilfield Integrated Solutions has confirmed the completion of an offshore drilling assignment, which one of its jack-up rigs carried out off the coast of the United Arab Emirates (UAE). The post 44-year old rig crosses the finish line at offshore drilling job in UAE appeared first on Offshore Energy.
South Korean shipping major HMM has completed methanol bunkering for its first methanol-powered containership, HMM Green. The post HMM’s newbuild receives methanol at Port of Shanghai appeared first on Offshore Energy.
Japan’s Inpex Corporation and Kanto Natural Gas Development have established a joint venture (JV) to accelerate research and planning in relation to a carbon capture and storage (CCS) project commissioned by the Japan Organization for Metals and Energy Security (JOGMEC). The post Japanese players join forces to expedite CCS project development appeared first on Offshore Energy.
Wave energy developer Eco Wave Power has received Revocable Permit 25-05 from the Port […] The post Final permit secured for Shell co-funded wave energy project in LA appeared first on Offshore Energy.
Some five days after taking the final investment decision (FID), Northern Lights joint venture […] The post Development and operation plan handed in for Northern Lights expansion appeared first on Offshore Energy.
Less than a fifth of the EU’s planned hydrogen production capacity is likely to come online by 2030, unless urgent action is taken to address gaps in policy, funding, and demand, according to new analysis from research-led consultancy Westwood Global Energy Group. The research finds that only 17% of the EU’s current hydrogen project pipeline is likely to go ahead without further market support. While the bloc has made substantial funding commitments and set ambitious production targets, the report highlights regulatory delays, high costs, and weak demand as key barriers to progress. By the end of 2024, 23 hydrogen projects across Europe totalling 29.2 GW had already been stalled or cancelled. The UK market faces similar difficulties, with Westwood estimating that between 1% and 24% of its hydrogen pipeline could be delivered by 2030 under… Read More »Less than a fifth of EU hydrogen pipeline ready by 2030, consultancy warns | Hydrogen
Less than 20% of the EU’s planned hydrogen project pipeline is expected to be realized by 2030 without urgently addressing critical points that create a widening gap between ambition and reality in Europe’s hydrogen sector, according to the latest report from energy market research and consultancy firm Westwood Global Energy. The post Europe unlikely to meet its 2030 hydrogen production targets, report says appeared first on Offshore Energy.
French classification society Bureau Veritas Marine & Offshore (BV) has awarded approval in principle (AiP) to China’s shipbuilding R&D institute Marine Design and Research Institute of China (MARIC) for its new 155,000 cbm ultra large ethane carrier (ULEC) design. The post BV greenlights MARIC’s 155,000 cbm ethane carrier appeared first on Offshore Energy.
Europe has a big task on its hands to deliver carbon capture and storage, with transport a key challenge. Here’s a look at the state of play. What is the status of CO2 capture, transportation and storage (CCTS)in Europe today?Transportation is the missing link at present. Geological storage schemes are coming onstream. But the importance of infrastructure development in pipelines, port terminals, shipping and rail to move the CO2 from emitters to sequestration sites is still severely underappreciated. What will the mix of infrastructure components required for transporting and storing CO2 look like in Europe? A supercritical CO2 pipeline network will be best – and cheapest for overland. However, there are no common standards for required CO2 purity or pipeline pressure. So that means the convergence of various pipelines and pipeline networks in the future… Read More »Carbon capture, transport, and storage in Europe – four key questions answered | commercial challenges facing ccs transportation