Rely is headquartered in Brussels, Belgium. Technip Energies holds a 60% interest in Rely, while John Cockerill holds 40%. (Source: Shutterstock)
France’s Technip Energies teamed up with Belgium-based John Cockerill, a designer and electrolyzer manufacturer, to form a company dedicated to integrated green hydrogen and Power-to-X projects, according to a Nov. 30 news release.
Called Rely, the company is an asset light joint venture on a mission to decarbonize hard-to-abate industries.
Utilizing a standardized approach, Rely will offer end-to-end large-scale solutions ranging from pre-final investment decision services—such as technical and financial advisory—to proprietary technologies, project execution and operation and maintenance, the release stated.
Rely was formed as the energy industry works to scale green hydrogen, green ammonia and other sustainable fuels.
“We’re determined to develop a portfolio of technologies that will drive down costs over the long haul. This is just the beginning of the story,” Technip Energies CEO Arnaud Pieton said in the release.
Rely is headquartered in Brussels, Belgium. Technip Energies holds a 60% interest in Rely, while John Cockerill holds 40%.
Recommended Reading
E&Ps Pivot from the Pricey Permian
2025-02-02 - SM Energy, Ovintiv and Devon Energy were rumored to be hunting for Permian M&A—but they ultimately inked deals in cheaper basins. Experts say it’s a trend to watch as producers shrug off high Permian prices for runway in the Williston, Eagle Ford, the Uinta and the Montney.
Coterra Takes Harkey Sand ‘Row’ Show on the Road
2024-11-20 - With success to date in Harkey sandstone overlying the Wolfcamp, the company aims to make mega-DSUs in New Mexico with the 49,000-net-acre bolt-on of adjacent sections.
Hibernia IV Joins Dawson Dean Wildcatting Alongside EOG, SM, Birch
2025-01-30 - Hibernia IV is among a handful of wildcatters—including EOG Resources, SM Energy and Birch Resources—exploring the Dean sandstone near the Dawson-Martin county line, state records show.
Shale Outlook: E&Ps Making More U-Turn Laterals, Problem-Free
2025-01-09 - Of the more than 70 horseshoe wells drilled to date, half came in the first nine months of 2024 as operators found 2-mile, single-section laterals more economic than a pair of 1-mile straight holes.
Wildcatting is Back: The New Lower 48 Oil Plays
2024-12-15 - Operators wanting to grow oil inventory organically are finding promising potential as modern drilling and completion costs have dropped while adding inventory via M&A is increasingly costly.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.