Offshore staff
ABERDEEN, UK — Wood and Transitus Energy have signed a memorandum of understanding to investigate opportunities for offshore and onshore decarbonization projects across the UK energy industry.
They plan to jointly develop a fit-for-purpose duty holder model to support future infrastructure investments. Wood would provide offshore and onshore life-cycle asset management engineering and operational solutions.
Transitus Energy helps oil and gas operators and the wider industry seeking to transition their operations to low-carbon energy, including the transition from natural gas production to low-carbon hydrogen.
Wood said it would apply its energy and infrastructure asset management knowledge and experience to support Transitus and its decarbonization strategy, collaborating on operating models, capability and solutions for responsible, efficient and safe production and supporting the development of the energy transition and hydrogen production.
In February 2022, Transitus Energy said Bangchak Corp. Public Co. Ltd. (BCP), a diversified energy conglomerate based in Thailand, agreed terms to make an initial financial commitment in Transitus. Subsidiary BCP Innovation PTE Ltd. became the company’s cornerstone investor investing with a 40% capital stake in the company.
06.15.2023
