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Strike steel ceremony held for ‘largest FPSO in Petrobras’ history’

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A steel-cutting ceremony has been held for one of the two floating storage, production, and offloading (FPSO) units Singapore-headquartered Seatrium is building for Brazil’s state-owned giant Petrobras. The post Strike steel ceremony held for ‘largest FPSO in Petrobras’ history’ appeared first on Offshore Energy.

MOL, KEPCO to jointly study liquefied hydrogen carrier

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Japanese shipping company Mitsui O.S.K. Lines (MOL) and compatriot electricity firm Kansai Electric Power Company (KEPCO) have signed a memorandum of understanding (MoU) to collaborate on the joint study of a liquefied hydrogen carrier. The post MOL, KEPCO to jointly study liquefied hydrogen carrier appeared first on Offshore Energy.

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.