U.S. provider of ocean data management solutions Terradepth has won a multi-year master services […] The post US firm’s solution bringing data-driven safety to offshore ops appeared first on Offshore Energy.
Japanese shipping major Mitsui O.S.K. Lines (MOL) has decided to order a new LNG-fueled very large crude carrier (VLCC) to sail under a long-term time charter contract with compatriot ship manager and operator Idemitsu Tanker. The post MOL orders LNG-fueled VLCC for Idemitsu charter appeared first on Offshore Energy.
The government of Estonia has unpacked a €25 million grant aimed at supporting the […] The post Estonia becomes ‘one of Europe’s first countries’ offering aid scheme for green retrofitting appeared first on Offshore Energy.
With a ceremony to mark the first steel cut, SBM Offshore has ticked an important item off its construction list for a floating production, storage, and offloading (FPSO) vessel, which will be deployed off the coast of Suriname. The post First steel cut for SBM Offshore’s FPSO destined for TotalEnergies’ oil project off Suriname appeared first on Offshore Energy.
A new catalyst developed in South Korea could make it easier and more affordable to extract hydrogen from ammonia, which is a process that is becoming increasingly important for long-distance hydrogen transport. The advance could support the development of global hydrogen supply chains by improving how efficiently ammonia can be converted back into hydrogen at its destination. Researchers at the Korea Research Institute of Chemical Technology (KRICT) have created a cobalt-iron catalyst enhanced with cerium oxide, which achieved an ammonia conversion rate of 82% at 450°C in laboratory testing. This means that most of the ammonia fed into the system was successfully broken down into usable hydrogen and nitrogen. Ammonia works well as a hydrogen carrier thanks to its high energy density and established global transport infrastructure. Cracking it back into hydrogen at the point… Read More »Ammonia-cracking catalyst holds potential for cheaper hydrogen supply | Ammonia
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
A fire has broken out at a platform offshore Vietnam operated by Vietnam Oil and Gas Operating Company (PVEP POC). The post Vietnamese oil platform undergoing decommissioning catches fire appeared first on Offshore Energy.
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.
The European Commission and the UK have reached a Common Understanding that outlines a […] The post EU-UK set course for deeper cooperation on maritime safety, CCS, hydrogen appeared first on Offshore Energy.
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.