Ping Petroleum, an independent upstream oil and gas company incorporated in Bermuda, has secured a multi-year license extension for a giant undeveloped North Sea field on the UK Continental Shelf (UKCS). The post North Sea license extension enables more time to revamp field development plan appeared first on Offshore Energy.
South Korea’s HD Korea Shipbuilding & Offshore Engineering (HD KSOE), the intermediate holding company […] The post HD Hyundai and HMM shake hands on $1.46B LNG dual-fuel containership deal appeared first on Offshore Energy.
The Asia-Pacific (APAC) region is in the midst of its own twin transition, vigorously pursuing a path of increasing economic growth and trade influence on one hand while simultaneously establishing a position of decarbonisation leadership on the other. The growing question is, how sustainable are these intertwined directions of travel – and where is the intersection of challenge and opportunity? There exists a balancing act to be struck between traditional fossil-powered growth, the decarbonisation of that pathway, and the development of not only the fuels of the future but the architecture to distribute those fuels beyond borders. … 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… Read More »Pathways to Performance & Sustainability: APAC Conference preview | South Pacific
England-based energy transition-focused player EnergyPathways has handed in an application for an enlarged gas storage license, covering the natural gas and hydrogen storage elements of its flagship project, located off the Cumbria coast in the East Irish Sea. The post Fourfold boost in store for UK’s wind-powered gas and hydrogen storage project with license submission appeared first on Offshore Energy.
Swedish ferry company Stena Line has named Stena Futura, its new methanol-ready hybrid freight ferry, at Belfast Harbour, Northern Ireland’s maritime hub. The post Stena Line names its new hybrid ferry at Belfast Harbour appeared first on Offshore Energy.
Countries are engaged in last-minute negotiations to finalise a global agreement, primarily focusing on the future of fossil fuels and climate finance. The primary expected outcome is the adoption of the final “Belém Political Package” of decisions by consensus during the closing plenaries scheduled for the evening. The most contentious issue is the inclusion of a clear roadmap to transition away from fossil fuels. The latest draft texts from the Brazilian Presidency have been criticised for omitting any mention of a fossil fuel transition roadmap, leading to strong opposition from many nations. Major oil and gas consumers like China, India, and Saudi Arabia have reportedly resisted strong language on phasing out fossil fuels. But progress has been made, and around 83 countries have supported the call to end them. Climate advocates believe stricter measures are inevitable after COP28 closed with… Read More »COP30: High stakes for energy and climate on final day
The Trump administration’s draft five-year offshore leasing plan continues to run the gauntlet of […] The post Big Oil vs climate advocates on US offshore leasing plan: Key to energy security and jobs or coastal economy threat appeared first on Offshore Energy.
German engineering and project development company Stablegrid Group has chosen ITM Power to supply electrolyser capacity totalling 710 megawatts for two energy infrastructure projects. In the first project in Rüstringen, the UK electrolyser firm will supply a 30MW green hydrogen production plant based on Neptune V containerised electrolysers, and 680MW indoor electrolyser capacity is planned for the second one. They will operate exclusively for grid balancing and stabilising the power system, using underground caverns as hydrogen storage facilities to absorb discrepancies between electricity supply and hydrogen consumption. Final investment decision for the projects is expected in January 2026 and 2028 respectively. … 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… Read More »ITM Power wins 710MW German electrolyser contracts
Equinor has obtained the Norwegian authorities’ blessing for drilling activities in the Barents Sea, which will be undertaken with a semi-submersible rig owned by COSL Drilling Europe, an offshore drilling player. The post All systems go for Barents Sea exploration ops with COSL rig appeared first on Offshore Energy.
Aker BP has received consent from the country’s offshore safety regulator to use two of Island Offshore’s mobile offshore units (MOU) for work on its operated portfolio in Norway. The post Well intervention vessel duo gets go-ahead for ops across Aker BP’s oil & gas assets appeared first on Offshore Energy.