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BP shelves Teesside blue hydrogen project | United Kingdom

Multinational BP has pulled out from the H2 Teesside blue hydrogen project in a fresh set back to the UK’s hydrogen industry and government’s net zero push. It marks another blow for BP on Teesside after it cancelled the HyGreen project in March, and another brake on the UK’s plans to develop its nascent carbon capture and storage sector. Landowner South Tees Group sought permission to build a data centre on site which BP claimed was a “material change in circumstances”, prompting BP to withdraw its development consent order. The UK government has identified Teesside as an ‘AI Growth Zone’ as it strives to kick-start the country’s sluggish economy. How data centres will be powered remains a major concern as electricity demand is set to more than double by 2030 according to the International Energy… Read More »BP shelves Teesside blue hydrogen project | United Kingdom

Stage set for unified oil & gas rig moving service in Red Sea and Gulf of Suez

ABL, part of Oslo-listed global consultancy group ABL Group, has shaken hands with Egypt’s Petroleum Marine Services Co. (PMS) on the launch of a unified rig moving service in the Red Sea and Gulf of Suez, with the support of the Egyptian General Petroleum Corporation (EGPC). The post Stage set for unified oil & gas rig moving service in Red Sea and Gulf of Suez appeared first on Offshore Energy.

More LNG for Europe as Germany’s SEFE takes steps to secure gas from South American player

Germany’s Securing Energy for Europe (SEFE) has set the wheels in motion to enrich its liquefied natural gas (LNG) arsenal with another multi-year LNG supply agreement, which has been signed with Argentina’s Southern Energy, in a bid to further strengthen Europe’s energy security. The post More LNG for Europe as Germany’s SEFE takes steps to secure gas from South American player appeared first on Offshore Energy.

IMO picks Council members but Net Zero Framework hiatus raises red flag for potential fragmentation of shipping decarbonization

The Assembly of the International Maritime Organization (IMO), a specialized agency of the United Nations responsible for regulating and improving international shipping, has elected Member States to serve on three categories of the IMO Council. Meanwhile, EmissionLink’s Managing Director has warned that the IMO’s decision to delay its Net Zero Framework is creating a regulatory vacuum which threatens to fragment global shipping decarbonization efforts. The post IMO picks Council members but Net Zero Framework hiatus raises red flag for potential fragmentation of shipping decarbonization appeared first on Offshore Energy.

TotalEnergies and Chevron fortify oil & gas ties with Nigerian farm-out deal

France’s energy giant TotalEnergies has strengthened its oil and gas bonds with the U.S.-headquartered Chevron by inking a deal to divest a partial stake in two exploration licenses off the coast of Nigeria to Star Deep Water Petroleum Limited, a Chevron company. The post TotalEnergies and Chevron fortify oil & gas ties with Nigerian farm-out deal appeared first on Offshore Energy.