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Funding for EU’s second hydrogen auction increases to around €2 billion

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Spain, Lithuania and Austria will participate in the ‘Auctions-as-a-Service’ scheme as part of the second European Hydrogen Bank auction, which will be launched on December 3, 2024. The post Funding for EU’s second hydrogen auction increases to around €2 billion appeared first on Offshore Energy.

Keppel taking back control over 13 rigs in hot pursuit of monetization during offshore drilling upcycle

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In light of the improving conditions in the offshore rig market, Singapore-headquartered asset manager and operator Keppel has set the wheels in motion to seize control and return to its fold 13 legacy rigs currently held by Rigco Holding (Asset Co). The post Keppel taking back control over 13 rigs in hot pursuit of monetization… Read More »Keppel taking back control over 13 rigs in hot pursuit of monetization during offshore drilling upcycle

US invests nearly $580 million for port improvement projects

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The U.S. Department of Transportation’s Maritime Administration (MARAD) has invested nearly $580 million from the Bipartisan Infrastructure Law to fund 31 port improvement projects in 15 states and one U.S. territory.  The post US invests nearly $580 million for port improvement projects appeared first on Offshore Energy.

Uniper’s Green Wilhelmshaven project in Northern Germany gains ground

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German energy major Uniper has selected U.S. electrolyzer manufacturer Electric Hydrogen to design a 200 megawatt (MW) electrolyzer plant within its Green Wilhelmshaven project in Northern Germany. The post Uniper’s Green Wilhelmshaven project in Northern Germany gains ground appeared first on Offshore Energy.

COP29’s trillion-dollar net zero battle: Needs, wants, and reality of global energy scene run by oil & gas

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Many proponents of taking a stronger stance on global climate action are hoping for a pivotal shift in the final text of the 29th Conference of the Parties (COP29), which will turn the tide once and for all in favor of renewables by unlocking trillions required to pay the net zero bill while pulling the… Read More »COP29’s trillion-dollar net zero battle: Needs, wants, and reality of global energy scene run by oil & gas

Wallenius Wilhelmsen to introduce future fuels-fit fuel surcharge

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Norwegian shipping and logistics company Wallenius Wilhelmsen has decided to launch a re-engineered bunker adjustment factor, BAF2.0, to prepare for future fuels on the path to net-zero emissions by 2040. The post Wallenius Wilhelmsen to introduce future fuels-fit fuel surcharge appeared first on Offshore Energy.

CMA CGM welcomes another LNG-powered newbuild

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French shipping giant CMA CGM has taken delivery of another LNG-powered newbuild from South […] The post CMA CGM welcomes another LNG-powered newbuild appeared first on Offshore Energy.