Green Hydrogen Hype Fades as High Costs Force Projects to Retreat
(Bloomberg) — Climate-friendly hydrogen was one of the most-hyped sectors in green energy. Now the reality of its high cost is taking its toll. In recent months, some of the...
Odfjell Drilling and William Jacob Management (WJM), a Houston-based Engineering and Project Management services firm, have announced today an agreement whereby the two companies will cooperate on delivering offshore engineering services to the global energy market. These services include conceptual and front end engineering and design (FEED) studies, project planning, procurement, commissioning / startup, construction management and maintenance.
The strategic partnership leverages Odfjell Drilling’s offshore drilling expertise with WJM’s proven execution of high stakes capital projects, such as Peregrino, Polvo, Azurite, Berkut and the breakthrough modular offshore rig facility (MORF).
The sum of their efforts will target clients in need of new build drilling facilities or maintenance to an aging fleet.
Under the agreement, WJM will also provide engineering and project management services to complement and strengthen the execution teams of Odfjell Drilling’s projects globally.
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