Industry News
Esso Australia Resources Pty Ltd (‘Esso Australia’, a subsidiary of ExxonMobil Australia Pty Ltd) has announced a nearly $200 million dollar investment in the Kipper 1B Project which will bring online much-needed additional gas supplies from the Gippsland Basin. Co-venturers for this project are MEPAU A Pty Ltd (‘Mitsui’), and Woodside Energy (Bass Strait) Pty Ltd (‘Woodside’).
“Esso Australia continues to invest in multiple projects that ensure our Gippsland operations sustain gas production well into the 2030s,” says ExxonMobil Australia Chair Simon Younger.
Drilling into the Kipper field is set to begin later this year, with upgrades to the West Tuna platform happening simultaneously.
Source: https://corporate.exxonmobil.com
Industry News
Worley have been awarded a four-year framework agreement for Owner’s Engineering (OE) Services by the Finnish Gas Transmission System Operator, Gasgrid Finland Oy.
The project will extend beyond Finland to cover infrastructure ranging across the Baltic Sea area and Sweden.
Worley will support and advise Gasgrid until 2028 with possible extension to 2032, to ensure the engineering and construction of the onshore pipeline projects are planned and implemented in line with the highest standards and quality. Worley OE services will be provided primarily through Worley offices in The Netherlands and Finland
with support from the Global Integrated Delivery (GID)
team in India.
“Gasgrid’s strategy is to advance the hydrogen economy and renewable energy related investments in Finland,” says Esa Hallivuori, Senior Vice President of Infrastructure Projects at Gasgrid. “With the cooperation of Worley, Gasgrid envisions a long-term partnership to enable strategic project development and infrastructure investments,” added Hallivuori.
Source: https://www.worley.com/
Industry News
Saipem and Subsea7 recently announce that they have reached a memorandum of understanding for a possible merger of the two companies.
Highlights
-
The combination of Saipem and Subsea7 (the “Combined Company”) will be renamed Saipem7, and will have a combined backlog of €43 billion, Revenue of approx.
€20 billion and EBITDA in excess of €2 billion
-
A global organisation of over 45,000 people, including more than 9,000 engineers and project managers
-
Saipem and Subsea7 shareholders will own 50% each
of the share capital of the Combined Company
-
Completion anticipated to occur in the second half
of 2026
Source: https://www.saipem.com/
Contacts
Saipem
Rossella Carrara
Director External Communication and Public Affairs
media.relations@saipem.com
Subsea7
Julie Taylor
Head of Group Communications
communications@subsea7.com
Industry News
Paris, February 18, 2025 – In line with its 2030 ambition to decarbonise the hydrogen used in its European refineries, TotalEnergies has signed agreements with Air Liquide to develop two projects in the Netherlands, for the production and delivery of some 45,000 tons a year of green hydrogen produced using renewable power, generated mostly by the Oranje Wind offshore wind farm, developed by TotalEnergies (50%) and RWE (50%). These projects will cut CO2 emissions from TotalEnergies’ refineries in Belgium and the Netherlands by up to 450,000 tons a year and contribute to the European renewable energy targets in transport.
Green Hydrogen Production by TotalEnergies and Air Liquide
The two companies have signed an agreement to set up a joint venture, equally held by TotalEnergies (50%) and Air Liquide (50%), which will build and operate a 250 MW electrolyser near the Zeeland refinery. This project will enable the production of up to 30,000 tons of green hydrogen a year. This project represents a global investment of around €600 million for both partners and has made requests for support under European and national subsidy programmes.
Contacts
TotalEnergies Contacts Media Relations: +33 (0)1 47 44 46 99 l presse@totalenergies.com l @TotalEnergiesPR Relations Investisseurs : +33 (0)1 47 44 46 46 l ir@totalenergies.com
Industry News
During a ceremony held in Taipei, TotalEnergies and its partners announced the successful inauguration of the Yunlin offshore wind farm in Taiwan, which is now fully operational and generating renewable electricity at its planned capacity of 640 MW. It will power 600,000 homes in Taiwan and save 1.2 million tons of CO2 annually. TotalEnergies will serve as the wind farm’s technical operator.
Source: https://totalenergies.com
