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UK shortlists 27 hydrogen projects in crucial second allocation | Hydrogen

The second auction round shortlist covers a range of sectors The second auction round shortlist covers a range of sectors The UK government has shortlisted 27 low-carbon hydrogen projects under the Second Hydrogen Allocation Round (HAR2) issued today. With pressure rising to accelerate decarbonisation and spur more investment into the hydrogen sector, the shortlist of projects covers manufacturing and industrial practices, ammonia production, new clean power generation, glass manufacturing, brick making, and sustainable aviation fuel production. The industry has the potential to attract over £1bn of private sector investment into the UK by 2029, providing companies can be convinced the country has a consistent and supportive policy environment which will facilitate growth and offtake agreements. Total funding for HAR2 was not released but it is expected to provide revenue support through the country’s Hydrogen Production… Read More »UK shortlists 27 hydrogen projects in crucial second allocation | Hydrogen

Germany must clarify hydrogen role in energy system, says IEA | Germany

Policy, supply and pricing are holding back hydrogen’s growth in Germany Policy, supply and pricing are holding back hydrogen’s growth in Germany Hydrogen’s role needs to be clarified in Germany’s future energy system and positive support could spur final investment decisions (FIDs) and tackle climate targets, according to a new International Energy Agency (IEA) report. Currently FIDs are happening too slowly due to concerns about sufficient supply at affordable prices, while domestic production projects in Germany are failing to materialise as they lack strong commitment from offtakers, the report states. The German government’s previously planned Power Plant Strategy attempted to address this issue by tendering 12.5 GW of new natural gas-fired power plant capacity that could later run on hydrogen. The new coalition government aims to be in place by Easter. “In this way, the… Read More »Germany must clarify hydrogen role in energy system, says IEA | Germany

Borr Drilling’s rig takes on 120-day oilfield revival job in West Africa

Lime Petroleum, a Norwegian subsidiary of Singapore’s Rex International, has signed a contract with Borr Drilling for a modern-built jack-up rig from its fleet to be used for a drilling campaign in West Africa. The post Borr Drilling’s rig takes on 120-day oilfield revival job in West Africa appeared first on Offshore Energy.

AIDA Cruises books multi-fuel cruise ships at Fincantieri

German cruise line AIDA Cruises, part of Carnival Corporation, has placed an order for two new multi-fuel cruise ships from Italian shipbuilder Fincantieri. The post AIDA Cruises books multi-fuel cruise ships at Fincantieri appeared first on Offshore Energy.

EU, EIB and KfW to back renewable hydrogen projects in Chile with up to €216.5M

The European Commission, the European Investment Bank (EIB), KfW Development Bank (KfW), Corporación de Fomento de la Producción (CORFO) and the Chilean Ministry of Energy have signed agreements to support Chile’s renewable hydrogen industry via the Team Europe Renewable Hydrogen Funding Platform for Chile. The post EU, EIB and KfW to back renewable hydrogen projects in Chile with up to €216.5M appeared first on Offshore Energy.

$5.7B investment to fast-track Woodside’s US LNG development

Australia’s energy giant Woodside has entered into a binding agreement with Stonepeak, a New York-based investment firm specializing in infrastructure and real assets, for the sale of an interest in its liquefied natural gas (LNG) development on the United States’ Gulf Coast. The post $5.7B investment to fast-track Woodside’s US LNG development appeared first on Offshore Energy.