Global capacity for hydrogen production from renewable energy or natural gas with carbon capture may increase by more than 20 times, reaching 14 mtpa by 2030, according to GlobalData
Exploration
Danfoss completes US$3.3bn acquisition of Eaton’s hydraulics business
Danfoss has officially finalised its US$3.3 billion acquisition of Eaton’s hydraulics business following confirmation of all necessary regulatory approvals and closing conditions
Europa Oil & Gas farming out Inezgane Licence, North Africa
Europa Oil & Gas has announced the formal launch of the farmout initiative of its high-impact exploration opportunity, the Inezgane Offshore Permit, offshore Morocco in the Agadir Basin
SafeSTS develops green technology for ship-to-ship cargo transfers
SafeSTS has developed and patented a new ship-to-ship cargo transfer system for the Dynamic Positioning (DP) shuttle tankers sector
United Oil & Gas announces successful testing of Al-8 development well, onshore Egypt
AIM-listed United Oil & Gas has stated that the Al Jahraa-8 (AJ-8) development well in the Abu Sennan concession, onshore Egypt will be brought onto production from the Lower Bahriya reservoir in the coming days