Friday, November 22, 2024

Value Chain News

French and Benelux stocks - Factors to watch in November

Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. The Delen family and Belgian holding company extended their historic shareholder agreements by 25 years. French cybersecurity company CD&R said that Permira and CD&R had received all the regulatory clearances needed for the proposed acquisition of the majority stake in the firm.

Woodside and Tokyo Gas discuss stake in US LNG Project

Tokyo Gas and Woodside Energy are in discussions about a possible stake in the multi-billion dollar Louisiana LNG export project. Two people familiar with these talks confirm this. Woodside, a major Australian oil and natural gas company, closed a deal this month to buy Tellurian Inc., a developer that had put itself up for sale after running out of money while building a U.S.

TotalEnergies purchases more gas assets in Texas for value chain boost

TotalEnergies, a French company, has expanded its natural gas footprint into the United States by announcing a deal with Lewis Energy Group. The two companies have agreed to buy a 45% share in certain dry gas producing assets located in the Eagle Ford Basin in Texas. TotalEnergies is one of the largest exporters of U.S. made Liquified Natural Gas.

Equinor executive says that the APPEC/EU methane emission law poses monitoring challenges.

The European Union's legislation imposing methane emission limits on Europe’s oil and gas imports will present monitoring challenges. A Norwegian oil executive said this at the APPEC on Tuesday event. The EU approved the law in May. It will put pressure on international suppliers of greenhouse gases to reduce their leakage. What will happen to the markets when crude oil starts to arrive?

Exxon Mobil Continues to Ramp Up LNG Portfolio

Copyright aerial-drone/AdobeStock

Exxon Mobil is ahead of schedule with its plan to double the size of its liquefied natural gas (LNG) portfolio to 40 million tons per annum (mtpa) by 2030 and will focus on selling its own gas rather than trading that of third parties, said Peter Clarke, Exxon Mobil SVP for global LNG.Exxon is revamping its LNG trading strategy amid growing production of the fuel and as part of a wider corporate reorganization that began in 2022.

Digitalization is Drawing CCS a New Learning Curve

SLB and Microsoft have partnered with Northern Lights on a data platform that will serve as the digital infrastructure for the Northern Lights project.
Image courtesy of SLB

Digital solutions are accelerating the progress required to ensure CCS earns its place in climate change mitigation history.Carbon capture has been around since the 90s, but the behavior of CO2 in pipelines is still not that well understood. A lack of suitable multiphase flow assurance models has meant that past CCS projects have had to apply large, costly safety margins to transport and injection systems.

Offshore Energy Production & the World Economy

Copyright NickEyes/AdobeStock

As the price of gas continues to seemingly hold steady at around three dollars a gallon, the pocketbooks of Americans continue to suffer. Regretfully, due to global conflict and the outbreak of wars across Europe and the Middle East, oil prices are continuing to climb upwards, troubled by geopolitical conflict and fears of a potential shutdown of international oil and gas fields.Thankfully…

Aramco to Acquire 40% Stake in Gas & Oil Pakistan

Aramco Executive Vice President of Products & Customers, Yasser Mufti, sitting right, signs the agreement with GO founder & CEO Khalid Riaz, sitting left. Standing, from left: Aramco International Retail Director Nader Douhan, Aramco Vice President of Retail Ziyad Al Juraifani, GO Chairman Tariq Kirmani, Aramco Downstream President Mohammed Y. Al Qahtani and GO Chief Operating Officer Zeeshan Tayyeb. Image courtesy Aramco/GO

Aramco, one of the world’s leading integrated energy and chemicals companies, signed definitive agreements to acquire a 40% equity stake in Gas & Oil Pakistan Ltd. (“GO”).GO, a diversified downstream fuels, lubricants and convenience stores operator, is one of the largest retail and storage companies in Pakistan. The transaction is subject to certain customary conditions…

Has Green Hydrogen Sprung a Leak?

©Andreas Prott/AdobeStock

The green hydrogen express is gathering pace, but it may have a worrying problem with leaks.As governments and energy companies line up big bets on the much-touted fuel of the future, some scientists say the lack of data on leaks and the potential harm they could cause is a blind spot for the nascent industry.At least four studies published this year say hydrogen loses its environmental edge when it seeps into the atmosphere.

2050 Not Achievable Without Carbon Capture, says ABS' Wiernicki

Photo courtesy of ABS

“Carbon capture is going to be a key transformational technology for shipping to achieve net zero emissions by 2050. It will be critical to addressing the challenge before us, which is the sheer gradient of the curve. At the moment we can only see the outline of a solution to get us to 2050. But it is clear already that net zero cannot realistically be delivered without efficient carbon capture and storage technology…

Future Fuels: Neste, Nordic Marine Oil team to debut "Co-processed marine fuel"

Photo courtesy Neste Marine

Neste and Nordic Marine Oil have partnered to pilot a new Neste Marine 0.1 Co-processed marine fuel in Scandinavia – a solution the pair claims will help the maritime sector reduce greenhouse gas (GHG) emissions: designed to cut up to 80% GHG emission reduction over the lifecycle compared to fossil fuels.“At Neste, we are dedicated to helping our customers and the entire value chain to reduce their GHG emissions.

Mitsubishi Shipbuilding, NYK Line score ClassNK AIP for Large LCO2 Carrier

Mitsubishi Shipbuilding, a part of Mitsubishi Heavy Industries (MHI) Group, and Nippon Yusen Kabushiki Kaisha (NYK Line) wee granted Approval in Principle (AiP) from ClassNK for joint development of CO2 transport technology for liquefied CO2 (LCO2) carriers.LCO2 carriers transport liquefied CO2 at low temperature and high pressure, which is contained in the cargo tank system.

Floating Offshore Wind: Attention Turns Subsea for Power Transport

Image courtesy Aker Offshore

From being an ugly duckling, floating offshore wind is now the Cinderella of the offshore renewables world. Attention is now being paid to floating and even subsea substation concepts to help bring this power to shore. Over the past year, expectations around the growth in the floating offshore wind development have grown, significantly. Many are piling into the market…

Crowley Commits to Net-zero GHG Emissions by 2050

Copyright Tasha Vector/Adobe Stock

As the maritime industry collectively struggles to chart the course toward decarbonization, Crowley today committed to net-zero greenhouse gas emissions across all scopes by 2050, pursuing a path aligned with the latest climate science to limit global warming to 1.5 degrees Celsius.What this means is an overall reduction of 4.2 million metric tons…

SHI Demos SENSE IV, Its Own Natural Gas Liquefaction Process

The SENSE IV Piolot Plant. Photo courtesy SHI

Samsung Heavy Industries announced on November 18 that it successfully held a demonstration ceremony at the Geoje shipyard for "SENSE IV (SAMSUNG Enhanced Nitrogen Split Exapnsion IV)", SHI's in-house natural gas liquefaction system.The demonstration, which began on November 16, was attended by several major LNG producers and classification societies.The natural gas liquefaction system…

Mitsubishi Shipbuilding, NYK collaborate to create Large Liquefied CO2 Carrier

Image of an LCO2 carrier courtesy Mitsubishi Shipbuilding and NYK Line

With all eyes on carbon neutrality, a pair of Japanese maritime titans -- Mitsubishi Shipbuilding and Nippon Yusen Kabushiki Kaisha (NYK Line) -- have agreed to jointly develop a large-scale liquefied CO2 (LCO2) carrier. To facilitate the development of technologies for transporting CO2 using large vessels, this project will combine Mitsubishi Shipbuilding’s…

The Path to Zero: Mitsubishi Shipbuilding, TotalEnergies Study LCO2 Carrier

Image of an LCO2 carrier. Image courtesy Mitsubishi Shipbuilding

Mitsubishi Shipbuilding has initiated a feasibility study with TotalEnergies for the development of a liquefied CO2 (LCO2) carrier, a key plank in the CO2 ecosystem as carbon dioxide capture, utilization, and storage (CCUS) attracts increasing attention worldwide. An LCO2 carrier would play a pivotal role in transporting CO2 from its emission sources to storage sites or facilities for utilization…

From Trash to Fuel: BioLNG Production Project Takes Shape in France

© Mike Mareen/AdobeStock

EveRé, Elengy, TotalEnergies and the CMA CGM Group are engaged in a study of a BioLNG production plant project at Marseille’s port, aiming to to turn household waste into clean energy and serving as another plank toward the maritime industry's decarbonization.This will be France’s first production unit for liquefied biomethane (BioLNG), a low-carbon alternative fuel dedicated to energy transition in the shipping industry…

MHI Invests in C-Zero to Accelerate Production of Clean Hydrogen

Image: MHI/C-Zero

$11.5M Series A Funding Round Also Includes Breakthrough Energy Ventures, ENI Next and AP Ventures Mitsubishi Heavy Industries, Ltd. (MHI) has invested in C-Zero, a hard tech startup located in Santa Barbara, Calif., to accelerate the first commercial-scale deployment of C-Zero's drop-in decarbonization technology, which will allow industrial natural gas consumers to avoid producing CO2 in applications like electrical generation…

With "Sustainability at the Heart", Hempel Aims to Double Revenue by 2025

Hempel Group President & CEO, Lars Petersson. Photo courtesy Hempel

Hempel announced an ambitious strategy to double its revenue by 2025, with a strong focus on innovation and digitalization.Hempel has faced its fair number of challenges over its 105 year history, with COVID-19 and the year 2020 presenting historic challenges in the global supply of coatings. Hempel is taking the opportunity to devise and enact a new strategy on how to focus the company over the next five years…