BlackRock and Singaporean sovereign wealth fund GIC are exploring the sale of a network of gas pipeline assets in the UK that could fetch about $2 billion, according to people familiar with the matter.
By Martin Simmonite, Senior Vice-President of UK Operations, Wood
Wood, the consulting and engineering company, is well known in the North Sea for its operations and maintenance and is now leveraging its experience to support the industry to decarbonise assets as part of the drive to net zero.
Kellas Midstream has lined up its first customer to receive blue hydrogen from the H2NorthEast project, with Statera Energy eyeing supplies for use in nearby power stations.
Engineering design work has begun on Kellas Midstream’s H2NorthEast hydrogen project on Teesside, with contracts dished out to Worley and Johnson Matthey.
Kellas Midstream and generator RWE have announced a partnership that will see the pair evaluate the potential for large-scale green hydrogen production in Teesside.
Blackrock is developing a new perpetual infrastructure fund which will see it invest in leading infrastructure businesses to help support the energy transition.
It is full steam ahead for Aberdeen-headquartered Kellas Midstream as it plans to push on with a £750 million investment for a major blue hydrogen project.
An alliance exploring offshore platform electrification in the UK can act as the “glue” that binds together a range of stakeholder interests and make projects a reality.
Private-equity firm Antin Infrastructure Partners has agreed to sell North Sea pipeline and terminal owner Kellas Midstream, headquartered in Aberdeen.
Figures show that a more diverse workforce will increase oil and gas sector profit, especially if more women work offshore, according to industry experts.
An Aberdeen-headquartered firm and its partners have been awarded £33million following a long-running legal battle over a major North Sea pipeline system.