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
UK-headquartered Zero USV has named Leeway Marine as its first international franchisee for its […] The post UK firm picks its first international franchisee for fully autonomous USV charter fleet appeared first on Offshore Energy.
SLB has tucked a multi-well drilling assignment, which will incorporate artificial intelligence (AI), under its belt at a deepwater oil project 30 kilometers south of the Mexico-U.S. maritime border, which Australia’s energy giant Woodside operates. The post Big win for SLB as ‘major’ AI-enabled deepwater oil drilling gig lands on its task list appeared first on Offshore Energy.
French companies 45-8 Energy and Storengy have been granted exploration licences to search for natural hydrogen deposits in south-western France. The Grand Rieu and Marensin licences between them encompass over 950 sq km spread across the Landes and Pyrénées-Atlantiques departments in Nouvelle-Aquitaine. The granting of the permits leans on some 2021–22 publicly funded research into the potential of the location for natural hydrogen. The project was co-financed by the Nouvelle-Aquitaine region in collaboration with academic and industrial partners. The exploration from here will involve reprocessing existing geological and geophysical data, alongside the acquisition of new gravimetric, passive seismic, and hydrogen concentration measurements. According to the companies, these studies will be non-intrusive and environmentally considerate. … to continue reading this article and more, please login, register for free, or consider subscribing to gasworld Source link
German cruise company TUI AG has signed a memorandum of agreement (MoA) with Italian shipbuilder Fincantieri for the design and construction of two new eco-friendly cruise ships for the Marella Cruises brand. The post TUI picks Fincantieri for Marella Cruises’ first-ever newbuilds appeared first on Offshore Energy.
Shell Eastern Trading has completed the acquisition of Singapore-based energy solutions provider Pavilion Energy, a subsidiary of Temasek. The post Shell expands LNG portfolio with acquisition of Singaporean firm appeared first on Offshore Energy.