Karoon Energy is expected to make up its mind around April 2025 about moving forward with the next stage of development, which represents the entry into front-end engineering design (FEED), for an oil field discovery in the Santos Basin off the coast of Brazil. The post Decision over progressing Brazilian oil discovery to FEED entry stage due in spring appeared first on Offshore Energy.
French LNG containment specialist GTT has signed a strategic cooperation agreement with China’s COSCO Shipping LNG Investment and COSCO Shipping Heavy Industries to explore joint development of LNG carriers, ethane carriers, floating LNG (FLNG) units., and crude carriers. The post GTT-COSCO collab sets out to strengthen LNG, ethane shipping sector appeared first on Offshore Energy.
U.S.-based e-fuels provider Infinium and compatriot operator of carbon capture and storage (CCS) facilities Summit Carbon Solutions have entered an arrangement for the supply of up to 670,000 metric tons of carbon dioxide (CO2) annually at a proposed e-fuels facility in North Dakota or South Dakota. The post Infinium joins forces with Summit Carbon Solutions to advance e-fuel production appeared first on Offshore Energy.
A subsidiary of UK-based AIS, AIS do Brasil, has secured a contract with what […] The post AIS’ subsidiary to deliver installation buoys for offshore project in Brazil appeared first on Offshore Energy.
Committee says UK ‘gambling’ on CCS but CCSA says technology is proven Committee says UK ‘gambling’ on CCS but CCSA says technology is proven The UK government’s backing of unproven, first-of-a-kind carbon capture technology to reach Net Zero is high risk and more work on the programme’s affordability for taxpayers and consumers is needed, according to a Public Accounts Committee (PAC) report. With no examples of CCUS technology operating at scale in the UK, the PAC’s inquiry heard it may not capture as much carbon as expected, with international examples showing expectations for its performance are far from guaranteed. Sir Geoffrey Clifton-Brown MP, Chair of the Committee, said, “Government is gambling on carbon capture technology becoming foundational to achieving Net Zero. In this context, it is welcome to see government learning lessons from past failures… Read More »UK carbon capture risks and affordability called into question | CCS
The Yokohama-headquartered shipbuilding player Japan Marine United Corporation (JMU) has delivered the eco-friendly 211,981 […] The post JMU celebrates delivery of new eco-friendly 211,981 dwt bulk carrier appeared first on Offshore Energy.
The UAE-based terminal operator AD Ports Group has signed a shareholders’ agreement with French shipping and logistics major CMA CGM Group, through its subsidiary CMA Terminals, to jointly develop, manage and operate the New East Mole multipurpose terminal in Pointe Noire, Congo-Brazzaville. The post AD Ports, CMA CGM to develop, operate multipurpose terminal in Congo appeared first on Offshore Energy.
CNOOC has tucked another milestone under its belt by switching the production mode on at an oilfield project in Bohai Bay, which is expected to boost its oil arsenal while taking advantage of carbon capture, utilization, and storage (CCUS) to enable low-carbon barrels and development in the region. The post ‘World’s largest metamorphic buried hill oilfield’ comes online three years after discovery appeared first on Offshore Energy.
The Immingham Green Energy Terminal (IGET), a proposed multi-user liquid bulk green energy terminal located in the Port of Immingham, has received development consent from the UK’s Secretary of State for Transport, marking “a big milestone” for the country’s energy transition. The post UK: Consent granted for Immingham green energy terminal appeared first on Offshore Energy.
Holland Shipyard Group has delivered a cable recovery vessel to compatriot shipping company Hudig […] The post Dutch cable recovery vessel starts sailing appeared first on Offshore Energy.