Close Menu
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

Making Sustainable Jet Fuel From Clean Hydrogen

May 19, 2025

Oil Prices Drop as U.S. Loses Top AAA Rating

May 19, 2025

China’s CATL raises $4.6 billion in Hong Kong listing, term sheet shows

May 19, 2025
Facebook X (Twitter) Instagram Threads
Oil Market Cap – Global Oil & Energy News, Data & Analysis
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment
Oil Market Cap – Global Oil & Energy News, Data & Analysis
Home » SBM’s NearZero FPSO design granted ABS approval
Executive Moves

SBM’s NearZero FPSO design granted ABS approval

omc_adminBy omc_adminMay 8, 2025No Comments2 Mins Read
Share
Facebook Twitter Pinterest Threads Bluesky Copy Link


ABS issued an approval in principle to SBM Offshore for its concept of a near zero floating production storage and offloading (FPSO) unit.


The NearZero FPSO design incorporates low carbon technologies that collectively create a “near zero” Scope 3 carbon emissions profile, achieving up to 80 percent reduction in GHG emissions. The introduction of the NearZero FPSO is an important step in SBM’s strategic path to achieve net-zero emissions by 2050. ABS completed design reviews based on class and statutory requirements.

Low carbon technologies featured in the FPSO concept at a systems level include all electric topsides, closed flare, carbon capture and seawater intake riser/deep intake sea hose – technologies that SBM says not only reduce carbon emissions but also power demands.

“We are proud to continue to support SBM Offshore and their comprehensive strategy to address carbon emissions,” said Miguel Hernandez, ABS Senior Vice President, Global Offshore. “The NearZero FPSO concept integrates low carbon technologies with a high degree of technical readiness and can be implemented on FPSO projects today.”

“The introduction of SBM Offshore’s NearZero FPSO design marks an important milestone in our decarbonization strategy,” said Jaap-Harm Westhuis, SBM Offshore Technology and Product Development Director. “The NearZero FPSO design is fully integrated with our proven Fast4Ward® design and standardized delivery model. As such, we are ready to offer this to the market in close collaboration with our technology partners. This approval by ABS is evidencing SBM Offshore’s pioneering development efforts in this field over the last years. We are proud to collaborate with our partners and to make a significant contribution to low carbon offshore energy production.”



Source link

Share. Facebook Twitter Pinterest Bluesky Threads Tumblr Telegram Email
omc_admin
  • Website

Related Posts

Exxon, ADNOC agree to boost capacity of offshore oil field

May 18, 2025

EOG Resources awarded exploration concession for onshore UAE shale basin

May 16, 2025

Halliburton, Rhino Resources deliver two wells in Orange Basin, offshore Namibia

May 16, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Trump’s 100 days, AI bubble, volatility: Market Takeaways

December 16, 20072 Views

Permian Basin growth fuels ExxonMobil’s quarterly success – Oil & Gas 360

May 2, 20251 Views

THINK Gas to set up six new LNG fuelling hubs by end of 2025, Energy News, ET EnergyWorld

May 19, 20250 Views
Don't Miss

Making Sustainable Jet Fuel From Clean Hydrogen

By omc_adminMay 19, 2025

Current Climate brings you the latest news about the business of sustainability every Monday. Sign…

OPEC Did Not Lift Production to Kill the Oil Price, SEB Says

May 19, 2025

Are Big Oil companies prepared for a prolonged market downturn?

May 19, 2025

Exxon, ADNOC agree to boost capacity of offshore oil field

May 18, 2025
Top Trending

La Banque Postale Launches ESG-Focused Offerings Across its Entire Savings Portfolio

By omc_adminMay 19, 2025

Energy Australia apologises to 400,000 customers and settles greenwashing legal action | Energy

By omc_adminMay 19, 2025

Cuts to England’s canal network could put lives at risk, experts say | Environment

By omc_adminMay 18, 2025
Most Popular

The 5 Best Soundbars of 2025

May 6, 20251 Views

Energy Department Lifts Regulations on Miscellaneous Gas Products

May 2, 20251 Views

Nvidia’s Jensen Huang: DeepSeek’s R1 Is a Gift to AI

May 19, 20250 Views
Our Picks

Nigeria Remains Top Recipient of Shell Payments to Governments

May 19, 2025

China Fossil Fuels Production Retreats from Record Levels

May 19, 2025

Tamboran Prepares for Major Drilling in Beetaloo Basin

May 19, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Facebook X (Twitter) Instagram Pinterest
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2025 oilmarketcap. Designed by oilmarketcap.

Type above and press Enter to search. Press Esc to cancel.