Japan’s shipping heavyweight Mitsui O.S.K. Lines (MOL) has taken another step forward with its […] The post Investment course: Japan’s shipping giant places bet on smart hull elements for lower emissions appeared first on Offshore Energy.
Enagás will allocate €3.125 billion to the deployment of renewable hydrogen infrastructure as a part of its strategic investment of €4.035 billion over the next six years. The post Enagás to invest over €3 billion in hydrogen infrastructure by 2030 appeared first on Offshore Energy.
Norwegian vessel owner DOF Group has secured two subsea construction projects for its subsea vessel Skandi […] The post After recent contract termination, DOF vessel returns to Gulf of Mexico for two subsea gigs appeared first on Offshore Energy.
A 1986-built floating production, storage, and offloading (FPSO) vessel, seen as capable of supporting early-phase and tail-phase production at offshore oil fields given its experience to date, is getting a new owner, which intends to find a new job for the unit in regions such as Vietnam, Suriname, Brazil, and West Africa. The post 39-year-old FPSO ready for redeployment as it changes hands appeared first on Offshore Energy.
UK-based wind propulsion specialist BAR Technologies has entered into a collaboration agreement with China’s CM Energy Tech (CMET) to begin production of its new 20- and 24-meter WindWings. The post BAR Technologies and CMET team up to produce 20-24m WindWings appeared first on Offshore Energy.
Air Liquide and TotalEnergies are investing over €1bn in two large-scale green hydrogen projects in the Netherlands, aiming to cut industrial carbon dioxide (CO2) emissions by 450,000 metric tonnes annually. The ‘ELYgator’ project, a 200MW (megawatt) electrolyser in Rotterdam, will produce up to 23,000 tonnes of renewable and low-carbon hydrogen per year from 2027, powered by offshore wind. The second project, a 250MW electrolyser in Zeeland, will produce up to 30,000 tonnes annually under similar conditions from 2029. “These projects mark a major step in scaling up renewable hydrogen production in Europe,” said François Jackow, CEO of Air Liquide. “Hydrogen is key to decarbonising industry and heavy mobility.” Both projects will supply hydrogen to hard-to-abate industries such as refining, chemicals, and heavy transport, replacing fossil-based fuels. … to continue reading this article and more, please… Read More »Air Liquide and TotalEnergies invest €1bn in Dutch green hydrogen
Spanish gas grid operator Enagás plans to invest €4.035bn in renewable energy by 2030, with over three-quarters earmarked for hydrogen infrastructure. The move comes amid a slump in Spanish gas demand, prompting the company to sell assets, cut dividends, and reduce debt to reposition itself for a low-carbon future. Last year, Enagás sold its stake in Tallgrass Energy, reducing net debt by €1bn to €2.4bn, while restructuring its capital and dividend policies to prioritise renewables. During an earnings call, CEO Arturo Gonzalo spoke about the company’s changing business profile, stating, “We have strengthened our balance sheet and that gives us more headroom to roll out our hydrogen investment plan.” With falling fossil gas consumption, Enagás is shifting focus, allocating €3.125bn to hydrogen projects over the next six years. As part of its decarbonisation push, the… Read More »Enagás doubles down on hydrogen with €3bn bet | Hydrogen
Kimmeridge has secured a green light for its proposed 9.5 million tons per annum (mtpa) liquefied natural gas (LNG) export terminal project on the west bank of the Calcasieu Ship Channel at the mouth of the Gulf of Mexico/America near Cameron Parish, Louisiana. The post Louisiana’s LNG terminal becomes first export project to get US blessing after freeze appeared first on Offshore Energy.
Crown LNG has joined forces with India Gas Exchange (IGX) to work together on LNG sales to pipeline customers downstream from the firm’s planned LNG import terminal in Kakinada, India. The post Crown LNG expanding gas market horizons across India thanks to deal with local trading player appeared first on Offshore Energy.
Norwegian shipping company Rem Offshore has held the steel cutting ceremony for its second […] The post Steel cut for Rem Offshore’s second methanol-ready energy subsea construction vessel (Video) appeared first on Offshore Energy.