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UK is way behind on hydrogen and CCS targets | Hydrogen

The UK is set to fall drastically short of its hydrogen and carbon capture targets for 2030, according to global engineering consultancy DNV’s latest UK Energy Transition Outlook 2025. The government has set ambitious goals of reaching 10 gigawatts (GW) of low-carbon hydrogen production capacity and capturing 20 million to 30 million tonnes of CO2 per year (MtCO2) by the end of the decade. However, DNV forecasts that the UK will achieve just 4 GW of hydrogen capacity and only five MtCO2 per year in carbon capture and storage (CCS), highlighting a major gap in delivery. “Without significant additional government support and incentives, it is unlikely that low carbon hydrogen production rates will meet our 2030 targets,” the report states. DNV forecasts hydrogen production to reach only 0.9 MtH2 per year in 2030, of which… Read More »UK is way behind on hydrogen and CCS targets | Hydrogen

Brazil and India bolster oil & gas collaboration with deal trifecta

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Brazil’s state-owned energy giant Petrobras has signed two memoranda of understanding (MOUs) and one framework agreement with India’s state energy firms for cooperation in various areas related to the oil and gas segment. The post Brazil and India bolster oil & gas collaboration with deal trifecta appeared first on Offshore Energy.

Horisont Energi pressing ahead with commerical work for Barents Blue ammonia project

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Norwegian clean energy company Horisont Energi has signed the first non-binding term sheet to secure gas supply for its Barents Blue project, a clean ammonia plant located at Markoppnes in Northern Norway. The post Horisont Energi pressing ahead with commerical work for Barents Blue ammonia project appeared first on Offshore Energy.

Rig construction of third out of 20 planned newbuilds set in motion with ARO-IMI deal

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As the ink dries on the contract between ARO Drilling and International Maritime Industries (IMI), it marks the opening of the construction chapter for a third in a series of 20 planned newbuild Saudi-operated and manufactured offshore jack-up rigs, which the offshore drilling player intends to deploy to meet Aramco’s drilling demands. The post Rig construction of third out of 20 planned newbuilds set in motion with ARO-IMI deal appeared first on Offshore Energy.

BP books Singapore firm for another Gulf of America-bound floating production unit

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Seatrium has secured a job ahead of a newbuild floating production unit (FPU), destined for a deepwater project operated by BP Exploration & Production, a subsidiary of the UK-based energy heavyweight BP, in the Gulf of America, former Gulf of Mexico. The post BP books Singapore firm for another Gulf of America-bound floating production unit appeared first on Offshore Energy.

FSRU gig at one of Germany’s LNG terminals cut short as prices sink

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Germany’s Deutsche ReGas has pulled the plug on a charter deal for one of two floating storage and regasification units (FSRUs) currently operating at the ‘Deutsche Ostsee’ (German Baltic Sea) energy terminal in Mukran. The post FSRU gig at one of Germany’s LNG terminals cut short as prices sink appeared first on Offshore Energy.

Equatorial Guinea launching new oil & gas licensing round after six years

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Equatorial Guinea’s Ministry of Mines and Hydrocarbons is set to launch a new oil and gas licensing round to up the country’s offshore exploration and production ante. The post Equatorial Guinea launching new oil & gas licensing round after six years appeared first on Offshore Energy.