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TGS’ multi-year dataset across 13 US basins to bolster exploration and carbon storage plays

Norwegian energy data and intelligence company TGS has finished work on a 13-basin reservoir characterization project in the United States (U.S.), said to offer formation-level petrophysical interpretations to model reservoir performance and assess CO2 storage feasibility. The post TGS’ multi-year dataset across 13 US basins to bolster exploration and carbon storage plays appeared first on Offshore Energy.

EU endorses 235 cross-border energy projects to scale up electricity, hydrogen, and CO2 infrastructure

As investment needs are anticipated to hover around €1.5 trillion by 2040, the European Commission (EC) has adopted a new list of 235 cross-border energy projects, granting them the status of projects of common interest (PCIs) and projects of mutual interest (PMIs). The post EU endorses 235 cross-border energy projects to scale up electricity, hydrogen, and CO2 infrastructure appeared first on Offshore Energy.

Europe to channel ETS revenues into clean tech | Europe

The European Commission is to channel €5.2bn in revenues from the Emissions Trading Scheme into clean transition technologies under the Innovation Fund. Revenues will be directed into the Net Zero Technologies call (€2.9bn), the third auction for the European Hydrogen Bank (€1.3bn), and Industrial Decarbonisation Bank (€1bn). The Net Zero Technologies call supports decarbonisation projects that have a significant potential to reduce greenhouse gas emissions and focuses on the manufacturing of components for renewable energy, including hydrogen production and energy storage. The third auction under the European Hydrogen Bank is designed to provide support for the production of renewable fuels of non-biological origin (RFNBO) hydrogen or electrolytic low-carbon hydrogen across three topics; RFNBO and low-carbon hydrogen, RFNBO hydrogen only and a new topic for producers of hydrogen with maritime or aviation off takers. … to continue reading this article… Read More »Europe to channel ETS revenues into clean tech | Europe

Trio pools resources to forge CO2 logistics hub for carbon dioxide transport chain

Three players in the offshore energy and maritime spheres – Höegh Evi, Aker BP, and Ports of Stockholm – have joined forces to bring to life a CO2 logistics hub and enable an efficient and sustainable transport chain for carbon dioxide from industrial emitters in eastern Sweden. The post Trio pools resources to forge CO2 logistics hub for carbon dioxide transport chain appeared first on Offshore Energy.

Air Liquide and Hyundai to set up key hydrogen hubs | Air Liquide News

Industrial gases major Air Liquide and Hyundai Motor Group have reaffirmed their intention to drive hydrogen development by establishing key hubs in Europe, the US and South Korea. The collaboration expands beyond mobility to include infrastructure, logistics, and clean energy solutions. The renewal of their Memorandum of Understanding was announced at the Hydrogen Council CEO Summit in Seoul this week. The partnership, combining Air Liquide’s technical expertise with Hyundai’s mobility knowledge, will focus on scaling up hydrogen use across key regions with specific emphasis on heavy-duty transport, logistics and public transportation. … to continue reading this article and more, please login, register for free, or consider subscribing to gasworld You’ve reached your weekly limit to access free articles! Want to keep reading? Please register for free and create a profile to gain access to this full… Read More »Air Liquide and Hyundai to set up key hydrogen hubs | Air Liquide News

FPSO hull design obtains ABS’ seal of approval

The American Bureau of Shipping (ABS), a classification society, has bestowed an approval in principle (AiP) to Finland’s marine engineering player Deltamarin and China Merchants Heavy Industry (CMHI) for a new versatile floating production, storage, and offloading (FPSO) hull design. The post FPSO hull design obtains ABS’ seal of approval appeared first on Offshore Energy.

Fresh oil discovery in Barents Sea comes to light

Vår Energi, an independent upstream oil and gas company on the Norwegian Continental Shelf (NCS), has made a new oil discovery off the coast of Norway, with a semi-submersible rig owned by COSL Drilling Europe. The post Fresh oil discovery in Barents Sea comes to light appeared first on Offshore Energy.

UK grid investment allocates £20m biomethane funding and aims to cut industrial bills | United Kingdom

The UK’s energy intensive industries could see bills fall by around 10-to-15% following a £28bn grid upgrading investment which includes £20m funding for biomethane. Most of the funding (£17.8bn) will go towards maintaining Britain’s gas networks. The approved investment will fund 80 transmission projects and associated works nationwide over the next five years. The UK’s four gas distribution networks (Cadent Gas, Northern Gas Networks, SGN and Wales and West Utilities) own, operate and maintain eight gas distribution networks. … to continue reading this article and more, please login, register for free, or consider subscribing to gasworld You’ve reached your weekly limit to access free articles! Want to keep reading? Please register for free and create a profile to gain access to this full article and gasworld’s daily news. For access to more content including our monthly digital magazines, subscriber-only… Read More »UK grid investment allocates £20m biomethane funding and aims to cut industrial bills | United Kingdom

28-year-old FPSO secures life extension beyond 2030 as oil flows from subsea tie-back

Norwegian state-owned energy giant Equinor has prolonged the lifespan of a floating production, storage, and offloading (FPSO) unit by expanding its active duty past 2030 with a subsea template tied back to the vessel via a new tubing off the coast of Norway. The post 28-year-old FPSO secures life extension beyond 2030 as oil flows from subsea tie-back appeared first on Offshore Energy.