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John Cockerill Hydrogen raises €116m for electrolyser push

Engineering firm John Cockerill Hydrogen has secured €116m in a second capital raise which enables it to roll out its next generation of pressurised alkaline electrolyser technologies. Fluxys, a Belgian infrastructure group, has joined the operation as a strategic partner after acquiring an undisclosed stake, which opens up the prospect of developing a hydrogen value chain. The support of Belgian sovereign wealth fund SFPIM and regional public body Wallonie Entreprendre complement John Cockerill’s roots, while global tech company SLB and Rely, the joint venture with Technip Energies, strengthen its industrial profile. The group, which secured $230m in a 2024 financing round, is working on a portfolio of projects and plans to deliver them from its global manufacturing centres. The company said the new raise covered “nearly all” the funding needed to scale the hydrogen business.… Read More »John Cockerill Hydrogen raises €116m for electrolyser push

Shell repudiates rumors of making a play for BP

As media speculation over a potential merger between two European oil majors, the UK-headquartered Shell and BP, has not died down yet, the former decided to address the rumors by denying the alleged business combination talks and move. The post Shell repudiates rumors of making a play for BP appeared first on Offshore Energy.

TES and CPC Finland announce Finnish e-NG joint venture | Carbon Dioxide News

Synthetic fuels company Tree Energy Solutions and renewables outfit CPC Finland have launched a joint company, Luoto Energia, which aims to produce electric natural gas (e-NG), the green synthetic gas made from renewable hydrogen and CO2 that TES produces. The project, on a 20-hectare site in an extended area of the Port of Rauma, will have an electrolyser capacity of up to 500MW and is expected to produce around 60,000 tonnes of green hydrogen that can be converted into 125,000 tonnes of e-NG (also known as e-methane) per year. The biogenic CO2 needed for e-NG production will be sourced from Finnish biogenic emitters. Marco Alverà, Co-founder and Chief Executive of TES, said, “As a drop-in fuel, e-NG can be used to decarbonise sectors such as steel, shipping and heavy transport.” The green hydrogen may make… Read More »TES and CPC Finland announce Finnish e-NG joint venture | Carbon Dioxide News

Equinor’s North Sea wildcat yields no hydrocarbons

Equinor has finished drilling a wildcat well in the North Sea with one of Odfjell Drilling’s semi-submersible rigs. The drilling activities did not result in a new oil and gas find off the coast of Norway. The post Equinor’s North Sea wildcat yields no hydrocarbons appeared first on Offshore Energy.

FSO fire claims four lives, injures five in Indonesia

Four workers have lost their lives in a fire at an oil tanker undergoing repair works at a shipyard in Indonesia. The post FSO fire claims four lives, injures five in Indonesia appeared first on Offshore Energy.

$2 billion North Sea project unlocking new oil & gas barrels

Equinor and its partners have unveiled plans to pour more than NOK 21 billion ($2.09 billion) in a new subsea development, combining several discoveries in the northern part of the North Sea that will export oil and gas via an existing platform located off the coast of Norway. The post $2 billion North Sea project unlocking new oil & gas barrels appeared first on Offshore Energy.