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Shell Announces the Start of Production at PowerNap in Gulf of Mexico

Shell Offshore Inc. (Shell), a subsidiary of Shell plc, has announced the start of production at PowerNap, a subsea development in the U.S. Gulf of Mexico with an estimated peak production of 20,000 barrels of oil equivalent per day (boe/d). PowerNap is a tie-back to the Shell-operated Olympus production hub in the prolific Mars Corridor.

Shell Announces the Start of Production at PowerNap in Gulf of Mexico

Strohm and PETRONAS Join Forces to Commercialize Thermoplastic Composite Pipe

Strohm, the world's first and leading manufacturer of fully bonded, Thermoplastic Composite Pipe (TCP), has signed an agreement with PETRONAS technology commercialization arm, PETRONAS Technology Ventures Sdn Bhd (PTVSB,) to commercialize TCP in the industry and scale its utilization across PETRONAS facilities.

Strohm and PETRONAS Join Forces to Commercialize Thermoplastic Composite Pipe

Empire Wind Selects Maersk to Supply Wind Installation Vessel

Empire Offshore Wind, a joint venture between Equinor and bp, has awarded a contract to Maersk Supply Service for charter of its newbuild wind installation vessel (WIV). This vessel, together with US constructed barges and tugs built and operated by Kirby Offshore Wind, will be used for the installation of the project’s Vestas V236-15MW turbines.

Empire Wind Selects Maersk to Supply Wind Installation Vessel

Crondall Energy Secures Funding to Support Energy Transition

Crondall Energy, the UK-headquartered offshore energy consultancy, has secured a £1m loan from the alternative lender BOOST&Co. The funding will enable the firm to maintain its global reach supporting operators and developers to transform the offshore energy industry and work towards the net zero future of energy.

Crondall Energy Secures Funding to Support Energy Transition

Occidental, SK Trading International Sign First Agreement for Net-Zero Oil Created from Captured Atmospheric Carbon Dioxide

Occidental has announced an agreement with an affiliate of SK Trading International, a subsidiary of SK Innovation Co. Ltd., for the first net-zero oil (1) created by combining crude oil together with environmental attributes generated from the sequestration of atmospheric carbon dioxide (CO2) captured via 1PointFive’s planned large-scale Direct Air Capture (DAC) facility and sequestered in Occidental’s enhanced oil recovery (EOR) reservoirs in the U.S. Permian Basin. SK Trading International expects to convert the net-zero oil into net-zero products.

Occidental, SK Trading International Sign First Agreement for Net-Zero Oil Created from Captured Atmospheric Carbon Dioxide
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