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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

BAR Technologies: WindWings secure BV’s stamp of approval

UK-based wind propulsion provider BAR Technologies has received type approval from French class society Bureau Veritas (BV) for its 37.5-meter WindWings, a rigid sail technology that uses wind propulsion. The post BAR Technologies: WindWings secure BV’s stamp of approval appeared first on Offshore Energy.

WATCH: FPU heads off to Black Sea ahead of doubling Türkiye’s gas production in 2026

As part of its efforts to wean itself off energy imports and bolster its domestic production capacity, Türkiye has sent its first-ever floating production unit (FPU) on a journey to the Black Sea, where it is expected to enable a twofold increase in gas production from the country’s giant deepwater natural gas field, after it begins its 20-year assignment next year. The post WATCH: FPU heads off to Black Sea ahead of doubling Türkiye’s gas production in 2026 appeared first on Offshore Energy.

Canada firm to grow stake in site where it will search for hydrogen | Hydrogen

Natural hydrogen exploration company Primary Hydrogen has signed a deal to acquire a 75% stake in the Wicheeda North project, which is an early-stage exploration initiative in British Columbia. Primary Hydrogen will buy the holding from Power One Resources, a rare earth element mining company that acquired the acreage in early 2024. With majority ownership of the project, Primary Hydrogen will now look to evaluate the site’s natural hydrogen potential. Wicheeda North is also thought to have potential rare earth mineral deposits. Ben Asuncion, CEO of Primary Hydrogen, said the project grows the company’s footprint and holds significant potential for natural hydrogen and rare earth minerals. “The project lies within a tier-one mining jurisdiction with significant logistical and infrastructure advantages, as well as being on strike with a number of rare earth element discoveries and… Read More »Canada firm to grow stake in site where it will search for hydrogen | Hydrogen

Statkraft and Clydeport agree to explore green hydrogen project at Hunterston PARC

Norwegian renewable energy supplier Statkraft and Clydeport, part of the UK’s Peel Ports Group, have exchanged an option agreement to explore the potential development of a green hydrogen facility at Clydeport’s Hunterston Port and Resource Campus (PARC) site in Scotland. The post Statkraft and Clydeport agree to explore green hydrogen project at Hunterston PARC appeared first on Offshore Energy.