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By Oliver Thompson, Archer Knight Demand for work-class ROVs (WROV) has traditionally been determined by the state of the global offshore oil & gas industry. This is likely to remain the case in the short to medium-term. However, there’s a new kid on the block – offshore wind. Growth in this sector is seen as... Continue Reading →
French energy major TotalEnergies and energy transition company Technip Energies have teamed up to decarbonise LNG plants and offshore facilities for the energy transition push. The companies signed a technical cooperation agreement that aims to accelerate the energy transition. Under the agreement, they will explore new concepts and technologies to cover LNG plants and offshore-type... Continue Reading →
Oilfield services provider Baker Hughes has reported a loss in the second quarter of the year regardless of the company posting an increase in orders and revenues. In its second quarter of 2021 report on Wednesday, Baker Hughes said that its orders in the quarter were $5.1 billion, up 12 per cent sequentially and up four per... Continue Reading →
(Reuters) - Global miner BHP Group (BHP.AX) is considering getting out of oil and gas in a multibillion-dollar exit as it looks to speed up its retreat from fossil fuels, Bloomberg News reported on Tuesday, citing people familiar with the matter. The world's biggest miner is reviewing its petroleum business and considering options including a trade sale,... Continue Reading →
Italian cabling giant Prysmian has set up a target to achieve net-zero for its global operations between 2035 and 2040, as well as for its value chain emissions by 2050. Prysmian announced the commitments as part of its new Climate Ambition and Social Ambition frameworks. In terms of Climate Ambition, the plan is to reach... Continue Reading →
Finland-based marine and energy equipment maker Wärtsilä expects the third quarter of the year to be better than the corresponding one of 2020 but has warned that prevailing market conditions make the outlook uncertain. The company made the statement Tuesday as part of the release of its second-quarter results. In the second quarter of 2021,... Continue Reading →
(epbr) The investments announced for the construction of plants producing green hydrogen (H2V) in Brazil already total more than US$ 22 billion, all concentrated in ports — Pecém, in Ceará, Suape, in Pernambuco, and Açu, in Rio de Janeiro. These ports combine a series of strategic factors for the development of the new H2V chain,... Continue Reading →
The Italian multinational oilfield services company Saipem has launched SUISO, a technological solution that combines floating wind, floating solar, and marine energy to power the production of green hydrogen on existing offshore platforms. Combining various renewable energy sources in a single system, the aim of SUISO is to power, together or individually, electrolyzes installed on... Continue Reading →
Japan’s MODEC and Toyo Engineering Corporation (TOYO) are entering into talks to study an alliance for FPSO vessels. MODEC said on Thursday that the two companies have reached an agreement to execute a Memorandum of Understanding (MOU) to enter into discussions and to conduct the Feasibility Study (FS) regarding the alliance in the Engineering, Procurement,... Continue Reading →
EDP and TechnipFMC, together with research partners, have launched a joint project to develop a conceptual engineering and economic feasibility study for a new offshore system for green hydrogen production from offshore wind power. The goal of the project – called BEHYOND and supported by the Blue Growth Programme of the European Economic Area Financial... Continue Reading →
