DNV Grants Stamp of Approval to SBM Offshore and Mitsubishi Heavy Industries’ Carbon Capture Solution for FPSOs

(OE) Classification society DNV has issued a statement of qualified technology to SBM Offshore for its carbon capture plant or CO2 capture solution for FPSOs developed in partnership with Mitsubishi Heavy Industries. The statement verifies that the designated technology is feasible for the intended application and that the technical claims are adequately substantiated. The statement... Continue Reading →

October 31, 2023 0

BP’s $3.3B Profit Misses Forecast on Weak Gas

(Reuters) BP on Tuesday reported third-quarter earnings of $3.3 billion, missing analysts' forecasts as strong oil trading and refining margins were offset by weak gas results and the write down of a large chunk of a U.S. windfarm project. The British company maintained its dividend at 7.27 cents per share and extended its $1.5 billion... Continue Reading →

October 31, 2023 0

Shell takes axe to its eco-friendly business as oil giant focuses on digging up fossil fuels

(FOR) Shell has taken another axe to its once lofty decarbonization plans, as the U.K. oil giant’s pivot back to fossil fuels picks up steam. The group plans to cut at least 15% of staff working in its low-carbon solutions division while scaling back its hydrogen business, Reuters first reported Wednesday. The move will see 200 jobs go in... Continue Reading →

October 30, 2023 0

Petrobras highlights on production and sales in 3Q23

In 3Q23, average production of oil, NGL and natural gas reached 2.88 MMboed, 9.1% higher than in 2Q23, mainly due to the better operational performance of the pre-salt platforms and the lower losses with stoppages and maintenance, besides the ramp-up of platforms P-71 in the Itapu field, FPSO Almirante Barroso in the Búzios field and... Continue Reading →

October 26, 2023 0

Petrobras to use carbon credits to decarbonize premium gasoline

(Reuters) - Brazil state-run oil firm Petrobras (PETR4.SA) will use the 175,000 carbon credits it purchased last month to render carbon neutral around a year's worth supply of its premium gasoline, Gasolina Podium, a company executive said on Wednesday. Petrobras made its first ever carbon credit purchase in September, as part of broader push to become more sustainable.... Continue Reading →

October 26, 2023 0

Huisman develops subsea construction cranes for all water depths

(OM) Huisman has released a new range of knuckle boom cranes for offshore subsea construction. Models range from 85 metric tons up to 350 mt and cover set-ups with a winch below deck and on the back of the crane. All are suited to installations in up to 3,000 m water depth, with deeper water... Continue Reading →

October 26, 2023 0

Netherlands Overshoots 2023 Offshore Wind Target

(OW) The Netherlands will reach, and exceed, the target set in its Offshore Wind Energy Roadmap 2023 by the end of this year. The country’s first offshore wind roadmap, created following the Dutch Energy Agreement signed ten years ago, sets a goal of 4.5 GW of installed capacity by the end of 2023 – and... Continue Reading →

October 23, 2023 0

TotalEnergies Partners with Corio and Rise for 3GW Attentive Energy Offshore Wind Project

French energy major TotalEnergies said Monday it had partnered with Corio Generation (Corio), an offshore wind developer, and Rise Light & Power (Rise), a New York-based electricity producer, for the joint development of the Attentive Energy offshore wind project off the coast of New York and New Jersey. Corio and Rise took respective stakes of... Continue Reading →

October 23, 2023 0

Dutch Firm Provides Motion Compensation Solution for U.S. Offshore Wind Project

(OE) Following the installation of the first wind turbine at the U.S. first commercial-sized offshore wind farm project, Vineyard Wind 1, earlier this week, Dutch offshore technology company Barge Master shared how it contributed to the project. Barge Master said: "The successful first feeder operation was accomplished in partnership with FOSS Offshore Wind, Seaqualize, GE, and... Continue Reading →

October 20, 2023 0

The Power of Offshore Molecule Production

Wendy Laursen, Contributing Writer (OE) Energy ecosystems are evolving as the value of offshore power-to-X production is being realized Flexible and delivered in long lengths on reels in a fast-track operation, thermoplastic composite pipeline can transfer up to nine times the amount of energy as a cable and can be used to store hydrogen, increasing the... Continue Reading →

October 20, 2023 0

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Category: decarbonisation

DNV Grants Stamp of Approval to SBM Offshore and Mitsubishi Heavy Industries’ Carbon Capture Solution for FPSOs

BP’s $3.3B Profit Misses Forecast on Weak Gas

Shell takes axe to its eco-friendly business as oil giant focuses on digging up fossil fuels

Petrobras highlights on production and sales in 3Q23

Petrobras to use carbon credits to decarbonize premium gasoline

Huisman develops subsea construction cranes for all water depths

Netherlands Overshoots 2023 Offshore Wind Target

TotalEnergies Partners with Corio and Rise for 3GW Attentive Energy Offshore Wind Project

Dutch Firm Provides Motion Compensation Solution for U.S. Offshore Wind Project

The Power of Offshore Molecule Production

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