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HD KSOE ventures into hydrogen fuel cell market with $80M acquisition

South Korean shipbuilding major HD Korea Shipbuilding & Offshore Engineering (HD KSOE) is set to spearhead the global hydrogen fuel cell market through an investment of $80 million to acquire Convion, a company specializing in fuel cell systems. HD KSOE said it had recently, through its subsidiary H

about 2 years ago

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MTF explores hydrogen bunkering gaps as IMO prepares guidelines for safe ship design

The Maritime Technologies Forum (MTF) has published a new report offering guidelines and key safety considerations for developing liquefied hydrogen bunkering systems and procedures.

about 2 years ago

Transocean Enabler rig drilled one of Equinor's recent wells (for illustration purposes); Credit: Jan Arne Wold/Equinor

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$1.42 trillion at stake as oil & gas production ebbs away: Norway urged to pick up the pace of exploration and tech advancement

Over $1.42 trillion is said to be at risk of being lost if Norway does not step up its search for remaining hydrocarbon resources on the Norwegian Continental Shelf (NCS) and takes advantage of new technology to boost production levels.

about 2 years ago

ADNOC, Petronas and Storegga team up on carbon capture and storage off Malaysia

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ADNOC, Petronas and Storegga team up for carbon capture and storage off Malaysia

Malaysian state-owned energy giant Petronas, Abu Dhabi National Oil Company (ADNOC), and UK’s carbon capture and storage (CCS) company Storegga have signed a joint study and development agreement (JSDA) to evaluate the CO2 emissions storage capabilities of saline aquifers and the construction of CCS

about 2 years ago

Gas from Argo Cassiopea field is transported to Gela processing plant; Source: Eni

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Italy’s ‘most important’ gas project goes live leaving near-zero emissions in its wake

Eni has hit a new milestone with the start-up of a gas project at an offshore field in the Strait of Sicily, describing the field as the most important gas development project in Italy.

about 2 years ago

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Rig mobilizes for ‘UK’s first CO2 well injection’

A 1981-built non-propelled self-elevating cantilever jack-up rig has mobilized for the commencement of what will be the UK’s first CO2 well injection test. Perenco UK and Carbon Catalyst Limited secured a license to progress the Poseidon CCS project at the Leman gas fields in the UK southern North S

about 2 years ago

Van Oord fallpipe vessel powered by biofuel makes 26% emission cut

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Van Oord fallpipe vessel powered by biofuel cuts emissions by 26%

The Netherlands-headquartered Van Oord has taken a step seen as a milestone in its decarbonization efforts with the first delivery of biofuel for its 2011-built flexible fallpipe vessel. The biofuel delivered for the Stornes flexible fallpipe vessel in Norway is a B30 blend, consisting of 30% hydrot

about 2 years ago

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Viking Line to demonstrate Baltic Sea’s first green corridor

Viking Line revealed plans to run vessels serving the Turku route on liquefied biogas (LBG) for the first time.

about 2 years ago

David Mikal Knutsen and Carl Petter Lehne

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Ocean Sun expands its leadership team to boost product development and operations

Norway-based floating solar company Ocean Sun has unveiled the addition of two new C-level executives to its leadership team.

about 2 years ago

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Partners to transform Norwegian Risavika into green ammonia hub

Iverson eFuels, Port of Stavanger, ASCO Norge and St1 have signed a partnership agreement to make green ammonia available in the Stavanger region of Norway.

about 2 years ago

N05-A platform in the North Sea; Source: One-Dyas

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North Sea platform designed to run on offshore wind gearing up for first gas by year-end (Video)

ONE-Dyas is setting the stage for the final leg of its journey toward the first natural gas production at its recently installed platform in the North Sea.

about 2 years ago

UK’s largest subsea green electricity superhighway passes funding hurdle

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UK’s largest subsea green electricity superhighway cleared for construction take-off

UK energy market regulator Ofgem has selected what is set to become Great Britain’s longest-ever subsea connection as the first project to proceed under its fast-track process and to receive a £3.4 billion funding package. Eastern Green Link 2 (EGL2) is the first of 26 projects to complete the fast-

about 2 years ago

Shell's Gulf of Mexico platform; Source: Shell

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Shell, BP, TotalEnergies, Eni, ExxonMobil, Chevron, and ConocoPhillips ride oil & gas demand wave, cashing in close to $32 billion in total profit

European and U.S. oil majors – the UK’s duo Shell and BP, France’s TotalEnergies, and Italy’s Eni alongside U.S.-based trio: ExxonMobil, Chevron, and ConocoPhillips – have collected a staggering $31.65 billion in combined profit during the second quarter of 2024.

22 minutes read

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UK oil & gas operator eyeing SeaTwirl floating wind tech to decarbonise offshore production

Swedish floating wind turbine developer SeaTwirl has signed a memorandum of understanding (MoU) with UK-based oil and gas operator Serica Energy, under which the two companies will explore decarbonizing Serica Energy’s offshore assets. With the MoU, the two companies plan to work together on identif

about 2 years ago