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Hydrogen’s reality check: Challenges, withdrawals, and opportunities

Hydrogen’s role is being questioned right now. In the past year, multiple projects have been cancelled, a Hydrogen Council report has highlighted a significant $335bn investment gap that is jeopardising 2030 targets, and some policies lack clarity.  But has the hydrogen bubble really burst, or is it that, since the height of its hype in 2019, people are now starting to look at the energy carrier in a much more realistic light, with 2024 marking the year of hydrogen reality?  These were just some of the questions laid on the table when gasworld sat down with Charlie Currie, Editor, and Edward Laity, News Journalist, of its hydrogen-focused sister publication H2 View.  “In 2024, the hydrogen hype bubble has finally burst, and I think that became extremely apparent in the second half of the year,” Currie… Read More »Hydrogen’s reality check: Challenges, withdrawals, and opportunities

SBM Offshore sells third FPSO offshore Guyana to ExxonMobil

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SBM Offshore has divested another floating production, storage, and offloading (FPSO) unit, which is working off the coast of Guyana, enabling ExxonMobil to take possession of the third FPSO deployed at the Stabroek block. The post SBM Offshore sells third FPSO offshore Guyana to ExxonMobil appeared first on Offshore Energy.

TOWT: Second sailing cargo ship arrives home

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Artemis, a new sailing cargo ship owned by TransOceanic Wind Transport (TOWT), has reached its home port of Le Havre, France, the French sailing freight transport company shared in an update on social media. The post TOWT: Second sailing cargo ship arrives home appeared first on Offshore Energy.

Two oil & gas firms strike trade-off deal ahead of drilling ops

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OKEA and DNO have made arrangements to exchange partial stakes in two prospects off the coast of Norway, which are slated to be drilled with Odfjell Drilling and Transocean semi-submersible rigs. The post Two oil & gas firms strike trade-off deal ahead of drilling ops appeared first on Offshore Energy.

WinGD runs X-DF-M methanol-fueled engine at full load

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Swiss marine power company WinGD has run the first commercial engine at full load on more than 95% methanol fuel, reaching a milestone in realizing its X-DF-M engine design. The post WinGD runs X-DF-M methanol-fueled engine at full load appeared first on Offshore Energy.