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Germany rolls out €6bn bid chance to decarbonise heavy industry | Decarbonisation News

The German government has launched the first stage of a bidding process for carbon dioxide contracts for difference (CfD), which will take place next year. According to the funding programme, €6bn will be made available to help heavy industries like steel, chemicals, cement, and glass switch to cleaner production methods that emit less CO2. The government will sign 15-year contracts with selected companies. These work like long-term guarantees that cover some of the extra costs that come from using greener technologies instead of traditional, more polluting ones. To decide who gets the money, Germany will hold a competitive auction in 2026. Companies will bid by saying how much funding they need per tonne of CO2 they will save. The projects that can cut CO2 most efficiently and cheaply will get priority. The funding could go… Read More »Germany rolls out €6bn bid chance to decarbonise heavy industry | Decarbonisation News

Oil & gas boost on the horizon: SOCAR taps SLB for Caspian Sea duo’s revamp

SLB has signed on the dotted line to pool resources with the State Oil Company of the Republic of Azerbaijan (SOCAR) for the redevelopment of two oil and gas fields in the Caspian Sea to augment production from these mature assets off the coast of Azerbaijan. The post Oil & gas boost on the horizon: SOCAR taps SLB for Caspian Sea duo’s revamp appeared first on Offshore Energy.

Equinor gets the all-clear to deploy export solution for North Sea gas

Equinor has received the Norwegian authorities’ blessing for a new gas export solution, which will create an alternative path for gas exports from a platform in the North Sea to bolster Norway’s energy security. The post Equinor gets the all-clear to deploy export solution for North Sea gas appeared first on Offshore Energy.

Landslide shareholder vote begins final countdown to ADES-Shelf Drilling merger completion

ADES International Holding, a subsidiary of ADES Holding Company, which is part of Saudi Arabia-headquartered ADES Group, is one step closer to wrapping up its merger with the UAE-based Shelf Drilling, thanks to the lion’s share of the latter’s shareholders endorsing the business combination after the Saudi player upped its initial takeover offer. The post Landslide shareholder vote begins final countdown to ADES-Shelf Drilling merger completion appeared first on Offshore Energy.

Repsol books Dolphin Drilling’s 1977-built rig for multi-well work

Dolphin Drilling, an Oslo-listed, Aberdeen-headquartered owner and operator of a fleet of harsh environment mid-water and deepwater semi-submersible drilling rigs, has turned a letter of intent (LoA) into a multimillion-dollar rig deal with Repsol, a Spanish multinational energy and petrochemical company. The post Repsol books Dolphin Drilling’s 1977-built rig for multi-well work appeared first on Offshore Energy.