
Swiss technology company ABB has signed a term sheet agreement with Dutch renewable energy company SwitcH2 to engineer and supply automation and electrification solutions for SwitcH2’s floating production, storage and offloading (FPSO) unit dedicated to producing green ammonia from green hydrogen.

UK-based upstream oil and gas player Serica Energy is engaged in talks with Dana Petroleum to come up with a way to improve the performance of a floating production, storage, and offloading (FPSO) vessel, which is being prepared to resume limited production from Serica’s North Sea asset on the UK Co