Norwegian renewable energy firm Alotta, in collaboration with compatriot fish farming company Emilsen Fisk, […] The post Norway’s northernmost floating solar plant to power fish farm appeared first on Offshore Energy.
The comments from CEO Francois Jackow followed President Trump’s decision to freeze federal funding for clean energy projects, and came as Air Liquide announced in an earnings call that it expects more final investment decisions (FID) to be pushed back to the second half of this year as customers wait on policy and economic clarity. Read more: Air Liquide grapples with FID slowdowns At times of great uncertainty, the priority is to cloak projects in as many de-risking layers as possible. Air Liquide is partnering with ExxonMobil’s Baytown project in Texas, investing up to $850 million to build, own and operate four large modular air separation units as well as related infrastructure. It will produce a daily volume of 9,000 tonnes of oxygen which will be used by ExxonMobil’s Autothermal Reformers (ATR) to produce low-carbon… Read More »Project realities set in for Tier One majors
Air Products has exited three major US projects as its new management focuses on streamlining its backlog and prioritising initiatives that the company believes will drive shareholder value. The write-downs that attach to the three projects are large, with Air Products expecting a pre-tax charge of up to $3.1bn in its fiscal 2025 second quarter. The costs are spread across asset write-downs and penalties and costs that attach to the termination of contractual commitments. The three projects are the World Energy sustainable aviation fuel (SAF) expansion, the Massena green hydrogen project in New York, and a Texas-based carbon monoxide facility. All three projects were announced during Seifi Ghasemi’s tenure as President, CEO, and Chair. The new CEO, Eduardo Menezes, who took the reins earlier this month, has moved quickly. The World Energy project was a… Read More »Air Products axes three major US projects and expects $3.1bn write-down
CORE POWER, NorthStandard and Lloyd’s Register (LR) have jointly published a report that sets out a policy framework for the UK government to support the deployment of advanced small nuclear reactors on commercial ships and floating nuclear power plants (FNPPs). The post New report proposes framework for UK action on maritime nuclear power appeared first on Offshore Energy.
Wood has been approached by architecture and engineering consultancy Dar Al-Handasah Consultants Shair and Partners Holdings (Sidara) regarding a possible takeover. The post Sidara’s takeover of Wood back on the table appeared first on Offshore Energy.
New nuclear reactor technology represents a once-in-a-generation opportunity for US industrial policy, Christopher J. Wiernicki, Chairman and CEO of class society ABS, believes. The post Can US revamp shipbuilding sector by turning to nuclear-powered ships? appeared first on Offshore Energy.
London-based technology company H2Terminals has entered into an agreement to supply hydrogen produced at its offshore energy island project in the North Sea to industrial users in London and the Thames Eastuary region. The post Hydrogen from H2Terminals’ offshore energy island to run through East London pipeline appeared first on Offshore Energy.
Houston-headquartered Innovex International, established in 2024 following the merger of Dril-Quip and Innovex Downhole […] The post Recently established company taps OneSubsea for subsea wellhead technology appeared first on Offshore Energy.
Portuguese oil and gas company Galp has found light oil and gas condensate in the fifth well within its second exploration and appraisal program in the Orange Basin offshore Namibia. The post Another oil & gas discovery for Galp in Namibia’s Orange Basin appeared first on Offshore Energy.
French wave energy developer Seaturns has completed sea trials of its wave energy technology […] The post Seaturns targets commercialization of its wave energy technology after sea trials appeared first on Offshore Energy.