Norway-based classification society DNV has launched a new family of class notations that aim […] The post DNV: New autonomous shipping class notation family sees light of day appeared first on Offshore Energy.
Trafigura, in collaboration with CF Industries, has completed the ‘first-ever’ co-loaded ammonia and propane shipment operation from the U.S. to Europe. The post Trafigura wraps up ‘first-ever’ co-loaded ammonia and LPG shipment appeared first on Offshore Energy.
Energy giant bp is cutting 5% of its global workforce to save costs. The reductions, amounting to around 4,700 jobs as well as 3,000 contractor roles, were announced in a staff memo. The company has around 90,000 workers globally and 16,000 in the UK. The drop in head count comes as the company wants to become ‘simpler, higher value’ entity, with more emphasis on digital. bp stopped 18 early-stage hydrogen projects as it posted its weakest quarterly profit in almost four years in October. The energy major’s underlying profit for July-September was $2.2bn, down from $3.3bn in the third quarter of 2023, while in the first nine months in 2024 it totalled $7.7bn, down from $10.8bn in the corresponding period last year. bp recently began flowing gas from wells at the GTA Phase1 liquefied natural… Read More »bp to cut 5% of global workforce | People
Estonian clean energy technology manufacturer Elcogen has secured a €5 million investment from SmartCap, a venture capital fund supporting Estonian greentech companies. The post SmartCap’s €5 million investment to support Elcogen’s growth appeared first on Offshore Energy.
Borr Drilling has confirmed a temporary suspension of operations notice for a jack-up rig trio working off the coast of Mexico, South America. The post Three Borr rigs hit the brakes on drilling ops in South America as new suspension comes appeared first on Offshore Energy.
Product tanker newbuild deliveries are expected to reach 12 million deadweight tonnes (dwt) in 2025, with deliveries set to jump 256% compared to the 3.4 million dwt delivered in 2024, shipping association BIMCO revealed. The post Product tanker deliveries to jump 256% in 2025 appeared first on Offshore Energy.
Canada’s oil and gas player Trillion Energy is preparing to boost gas production at its field offshore Türkiye using nitrogen after completing velocity string (VS) operations. The post Trillion completes Black Sea tubing ops, well stimulation coming up next appeared first on Offshore Energy.
EQUANS, an energy services provider, and INOCEL, a company that designs, manufactures and markets hydrogen fuel cells, have signed a partnership agreement to develop an energy storage and production solution using carbon-free hydrogen. The post New partnership to provide hydrogen storage and production solutions appeared first on Offshore Energy.
Norway’s Reach Subsea has taken delivery of its first uncrewed surface vessel (USV), Reach […] The post Reach Subsea takes delivery of first Reach Remote USV appeared first on Offshore Energy.
Japanese technology company Asahi Kasei has secured government funding to expand its production of green hydrogen equipment, part of Japan’s ambitious efforts to hit carbon neutrality by 2050. Under the plan, Asahi Kasei will build new manufacturing facilities at its plant in Kawasaki, aiming to produce 2 GW (gigawatts) of electrolyser components like cell frames and membranes annually by 2028. Backed by a ¥11.4bn ($74m) subsidy as part of Japan’s Green Transformation (GX) strategy, this expansion is part of a larger ¥35 billion ($224m) investment by the company. … to continue reading this article and more, please login, register for free, or consider subscribing to gasworld Source link