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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 during offshore drilling upcycle appeared first on Offshore Energy.

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.