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Offshore Energy’s top five hydrogen stories of 2024
Ammonia

Offshore Energy’s top five hydrogen stories of 2024

Hydrogen is considered one of the key components of global decarbonization, with countries setting ambitious capacity and demand targets. In 2024, governments and companies worldwide increased their investments and announced new partnerships and projects, recognizing hydrogen’s potential to decarbon

about 1 year ago
An offshore platform
Fossil Energy

WoodMac: low-carbon power central to energy transition, but replacing oil & gas will be a ‘gargantuan’ task

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Energy intelligence group Wood Mackenzie has published a report listing several key trends shaping the future of the energy sector, including three that are relevant to the offshore industry – the fast pace of China’s energy transition, a comparison of liquefied natural gas (LNG) and carbon capture

about 1 year ago
Noble Interceptor jack-up rig; Source: Noble Corporation
Fossil Energy

Greening offshore drilling: Rigs powered by alternative fuels in pursuit of low-emission era

As the offshore energy industry continues its gradual shift to low-carbon and renewable energy sources, offshore drilling players are intensifying their efforts to slash emissions on the path to a sustainable future. While drilling rigs largely run on diesel, which creates electricity to power the m

16 minutes read
UKSC development and decommission capex, from Wood Mackenzie
Decommissioning

North Sea decommissioning grapples with delays despite government incentives

The North Sea decommissioning sector continues to face delays, as technical, regulatory, and financial hurdles prevent the rapid shutdown of offshore assets on the UK Continental Shelf (UKCS), according to a new analysis from Wood Mackenzie, an energy intelligence group. While the UK Government’s En

about 1 year ago
Malux enters the subsea market by acquiring the Bergen-based subsea company, Transmark Subsea
Subsea

Swedish company expands with acquisition of Transmark Subsea Bergen

Malux, a Sweden-based specialist in solutions for niche industries, has acquired Norwegian subsea solutions provider Transmark Subsea’s Bergen-based operations to expand its portfolio in the subsea market. According to Transmark Subsea, this move enhances the company’s ability to deliver subsea solu

about 1 year ago
Illustration (Courtesy of TEAMER Program), University of Hawaii
Marine Energy

US research program awards $1.9M to marine energy projects

The U.S. Testing Expertise and Access to Marine Energy Research (TEAMER) program has approved 15 marine energy projects and allocated nearly $1.9 million through its fourteenth request for technical support (RFTS). According to TEAMER, technical expertise and access to facilities will be provided, e

about 1 year ago
FPSO EmissionZero; Source: SBM Offshore
Fossil Energy

Harnessing cutting-edge technologies to shape next-generation FPSO future

While floating production storage and offloading (FPSO) units continue to dominate the deepwater offshore oil and gas projects’ scene, these systems are being adopted for offshore green energy production to unleash clean power from renewables.

13 minutes read
Wireless EV charging provider InductEV joins Zero Emissions Port Alliance
Green Marine

Wireless EV charging provider InductEV joins Zero Emissions Port Alliance

U.S. wireless EV charging provider InductEV has joined the Zero Emissions Port Alliance (ZEPA), an industry-wide strategic coalition aiming to accelerate port decarbonization by making battery-electric container handling equipment (BE-CHE) affordable and accessible.

about 1 year ago
Noble Developer rig; Source: Noble
Fossil Energy

Rig market, oil & gas mergers and JV blockbuster moves mark 2024

A consolidation wave is sweeping across the challenging and shifting global energy landscape, as companies in the hydrocarbon exploration and production (E&P) and offshore drilling domains, alongside others across the entire energy industry and supply chain, race to secure their spots among the top

14 minutes read
Woodside Louisiana LNG, former Driftwood LNG; Source: Tellurian, now part of Woodside Energy
Fossil Energy

After Baker Hughes another US firm lands job on Louisiana LNG

Chart Industries has been selected to supply some of the required pieces to complete a proposed liquefied natural gas (LNG) terminal puzzle in Louisiana, United States.

about 1 year ago
Freeport LNG
Fossil Energy

American LNG project cheers 800th cargo milestone

A liquefied natural gas (LNG) export project in Texas, United States (U.S.), has marked the shipment of 800 cargos.

about 1 year ago
Rendering of an LNG terminal
Fossil Energy

Report calls LNG ‘a false solution’ harming the climate, urging banks to stop financing export terminals

Non-governmental research and campaigning organization Reclaim Finance and BankTrack, an international tracking, campaigning, and civil society support organization targeting private sector commercial banks and the activities they finance, have published a report asking banks to stop financing lique

about 1 year ago
FPSO Atlanta; Source: Brava Energia
Fossil Energy

Brazilian FPSO ticks first oil milestone off its list before ringing in new year

Brava Energia has brought a floating production, storage, and offloading (FPSO) vessel off the coast of Brazil online, starting production at an oil field in the Santos Basin.

about 1 year ago
Ocean Apex rig; Source: Noble
Fossil Energy

Noble rig lines up new drilling gig offshore Australia

Noble Corporation has landed a new assignment for one of its semi-submersible rigs off the coast of Australia.

about 1 year ago