Japan’s MODEC has joined forces with Eld Energy, a Norwegian fuel cell system company, to pursue a scalable multi-MW power system for floating production, storage, and offloading (FPSO) units to enable them to fully run on zero-carbon power. The post MODEC lays the groundwork for zero carbon FPSOs with partnership set on low-carbon offshore power solution appeared first on Offshore Energy.
Repsol will build a 100MW green hydrogen plant to supply its Bilbao refinery, after securing funds from the country’s recovery and resilience plan. Expected to be operational in 2029, the plant will produce up to 15,000 tonnes of green hydrogen annually for primary use at the Petronor refinery in Muskiz, outside of Bilbao. The firm said it could prevent up to 167,000 tonnes of carbon dioxide emissions per year. The €292m ($346m) project has already secured €160m ($190m) in NextGenerationEU funds from the Spanish Recovery, Transformation, and Resilience Plan, after being recognised as a Project of Common European Interest by the European Commission. Despite reducing its planned green hydrogen production plans last year, it will add to Repsol’s large-scale green hydrogen development after installing a 2.5MW electrolyser at the Petronor refinery in 2023. Last September,… Read More »Repsol approves 100MW green hydrogen plant
UK’s National Grid and TenneT Germany will together develop a multi-purpose interconnector designed to […] The post UK, German TSOs unveil plan for 2 GW offshore wind interconnector appeared first on Offshore Energy.
Chevron Nigeria Limited (CNL), a subsidiary of the U.S.-headquartered Chevron and the operator of the Nigerian National Petroleum Company (NNPC)/CNL joint venture, has made a new hydrocarbon discovery off the coast of Nigeria, Africa. The post Chevron’s drilling ops in Nigerian waters lead to new hydrocarbon discovery appeared first on Offshore Energy.
Energy ministers from nine North Sea countries signed the ‘Hamburg Declaration’ at the North […] The post Hamburg Declaration: North Sea countries target 100 GW of cross-border offshore wind, boost to green hydrogen appeared first on Offshore Energy.
In a move to wean itself completely off Russian oil and gas imports, the European Union (EU) has given the green light for a ban on imports of pipeline gas and liquefied natural gas (LNG), with oil expected to follow suit in 2027. The post EU endorses ban on Russian pipeline gas and LNG imports appeared first on Offshore Energy.
UK-based XLCC has rebranded and relaunched as Aquora, with a focus on cable installation […] The post Subsea cable firm XLCC relaunches as Aquora, focuses on installation first appeared first on Offshore Energy.
The board of directors of the African Development Bank has signed off on a loan for a second floating liquefied natural gas (FLNG) project, which Italy’s energy giant Eni will develop in the supergiant Rovuma basin off the coast of Mozambique, Africa. The post Eni secures multimillion-dollar loan for African FLNG project appeared first on Offshore Energy.
Akrake Petroleum, a wholly-owned subsidiary of Lime Petroleum Holding, which is an 89.74% subsidiary of Singapore’s Rex International Holding, has updated its timeline for bringing back online an oil field off the coast of Benin that ceased production due to low oil prices in the late 1990s. The post African field days away from flipping oil production switch on almost 30 years after shutdown appeared first on Offshore Energy.
Nuclear-powered DP vessels are a technically feasible solution and are achievable, the Nuclear Propulsion […] The post Nuclear-powered vessels are achievable, Norwegian-led study confirms appeared first on Offshore Energy.