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US bill to drop 45V hydrogen tax credit passes lower house in narrow vote | 45v clean hydrogen production tax credit

The US House of Representatives has passed the President Trump-backed tax and spending bill that plans to terminate the 45V clean hydrogen production tax credit. Trump’s “One Big, Beautiful Bill” passed with a vote of 215–214 on party lines and will now head to the US Senate for further debates. Centred on tax and spending cuts, the bill includes a motion to end the Section 45V hydrogen production tax credit from the Biden-era Inflation Reduction Act, which had been credited with catalysing the US hydrogen sector. Under the bill, hydrogen projects that enter construction after 31 December 2025 will not be able to claim 45V, effectively gutting its long-term, widespread value. Today projects are eligible to access up to $3/kg of hydrogen produced until 2033. Many hydrogen industry proponents had hoped that Republicans representing districts… Read More »US bill to drop 45V hydrogen tax credit passes lower house in narrow vote | 45v clean hydrogen production tax credit

Louis Dreyfus Armateurs, Technip Energies join forces on ammonia storage and cracking to hydrogen vessel

French maritime company Louis Dreyfus Armateurs (LDA) has signed a memorandum of understanding (MoU) with Technip Energies, a French technology and engineering powerhouse, to develop an ammonia storage and cracking to hydrogen vessel. The post Louis Dreyfus Armateurs, Technip Energies join forces on ammonia storage and cracking to hydrogen vessel appeared first on Offshore Energy.

‘Outstanding’ drilling results at Serica’s North Sea cluster spur hopes for late June production restart

UK-based upstream oil and gas player Serica Energy has provided an update on the activities undertaken to bring its floating production storage and offloading unit (FPSO) back online following a shutdown caused by a storm. The post ‘Outstanding’ drilling results at Serica’s North Sea cluster spur hopes for late June production restart appeared first on Offshore Energy.

UK and Germany shake hands on offshore hydrogen pipeline

German and UK transmission system operators (TSOs) GASCADE and National Gas have agreed to explore the feasibility of establishing a hydrogen corridor between the two countries in the North Sea through an offshore pipeline interconnection. The post UK and Germany shake hands on offshore hydrogen pipeline appeared first on Offshore Energy.

Finnlines launches green service powered by electricity and biofuels

Finnish shipping company Finnlines has decided to launch a low-emission sea transportation service, which combines sustainability with efficient carriage of freight. The post Finnlines launches green service powered by electricity and biofuels appeared first on Offshore Energy.

‘Super-majors’ choose Expro’s tech for $80M US Gulf contracts

U.S.-headquartered energy services provider Expro has won multi-year tubular running services (TRS) contracts with two operators in the Gulf of America/Gulf of Mexico. The post ‘Super-majors’ choose Expro’s tech for $80M US Gulf contracts appeared first on Offshore Energy.