MODEC and Altera: Marrying FPSO tech with renewable and low-carbon plays to shape energy transformation beyond oil & gas

(offshore-energy.biz) Given the rising expectations about oil and gas, especially liquified natural gas (LNG), being in demand even after 2050, entwining innovation and technology arms is increasingly being recognized as the right recipe to not only unleash untapped low-carbon barrels but also unlock the gates of green power. Japan’s MODEC and the UK-based Altera Infrastructure have set their caps on addressing the pressing challenges of the energy transition era by accelerating the shift toward a more sustainable future while supporting the security of power supply.

The offshore energy industry and its supply chain are upping their decarbonization ante as the demand for hydrocarbons continues to run unabated against the backdrop of energy cost hikes, escalating geopolitical tensions, increasing population growth, and many other challenges the world is facing on its mission to reach net zero aspirations and pivot to the greener side of the energy equation.

Japan’s floating offshore oil and gas industry solutions provider is determined to lend oil and gas operators a helping hand in ensuring a stable and sustainable energy supply through reliable operations and continuous improvement of offshore facilities’ asset integrity with lifecycle value maximization through the deployment of digitalization and emerging technologies to ramp up production and curb greenhouse gas (GHG) emissions footprint.

Read full article: https://www.offshore-energy.biz/modec-and-altera-marrying-fpso-tech-with-renewable-and-low-carbon-plays-to-shape-energy-transformation-beyond-oil-gas/