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(OE) French green hydrogen production specialist Lhyfe has announced the operating results of its offshore hydrogen production pilot platform, Sealhyfe, confirming the initial objectives have been met with valuable insights gathered for the large-scale HOPE project. After 14 months of testing, including in particularly tough conditions, Sealhyfe was brought back with its full production capacity... Continue Reading →
(epbr) The British oil company bp signed a Memorandum of Understanding (MoU) with the government of Ceará to study the construction of a production plant for green hydrogen and derivatives, such as green ammonia, in the Industrial and Port Complex do Pecém (CIPP). This is the 36th memorandum signed between the state government and national... Continue Reading →
Porto do Açu, operated by Prumo Logística, celebrates a decade of operations in 2024. Located on the north coast of Rio de Janeiro, close to Petrobras' rich pre-salt oil reserves, Porto do Açu stands out as the largest port-industry complex private sector in Brazil. Recently the complex has been venturing into new territories, with substantial... Continue Reading →
(OW) Iberdrola and the World Bank, through its private sector investment arm, the International Finance Corporation (IFC), have signed a EUR 300 million loan agreement to develop renewable energy projects in countries dependent on fossil fuels, including Morocco, Poland and Vietnam. IFC has already allocated a first tranche of EUR 170 million for the support... Continue Reading →
(Reuters) - Mexico's government on Friday ordered state energy company Pemex to temporarily take control of a hydrogen plant inside one of its largest refineries but operated by French company Air Liquide (AIRP.PA). President Andres Manuel Lopez Obrador, who signed a decree that declared hydrogen supply from the plant "a matter of public interest," has tightened... Continue Reading →
(CNN) The Biden administration issued long-awaited preliminary guidance Friday on its expansive clean hydrogen tax credit, tilted in favor of hydrogen produced from clean electricity. The hydrogen tax credit is one of the most generous subsidies contained in the Inflation Reduction Act — giving companies up to $3 for every kilogram of hydrogen produced. Along with other... Continue Reading →
(OET) Reusing existing pipelines for offshore hydrogen is the best solution that can be used, however, this does come with certain challenges, according to Bart Steuten, Product Development Manager at Strohm, Dutch thermoplastic composite pipe (TCP) producer. Steuten discussed the production of hydrogen offshore, what we can expect in the future, the good sides of... Continue Reading →
(OE) Despite short-term obstacles driven by high inflation and interest rates coupled with supply chain issues, we maintain that the foundations supporting long-term offshore wind activity remain solid. As we prepare for the new year, let us look at 10 factors that will shape the offshore wind sector in 2024. 1. A Continuously Dynamic Energy... Continue Reading →
(OET) Uruguay’s state-owned energy company ANCAP has tucked a new milestone under its belt with the signing of contracts for four offshore blocks with three oil and gas players in line with the framework of the Open Uruguay Round that has been in force since 2019. As a result, the UK-headquartered Shell, the U.S.-based APA Corporation, and... Continue Reading →
(Reuters) - The U.S. will release guidance for how hydrogen producers can secure billions of dollars of subsidies embedded in last year’s Inflation Reduction Act sometime this year after the COP28 climate conference in Dubai, U.S. energy advisor John Podesta told Reuters on Wednesday. Industry has been waiting anxiously for the guidance from the U.S. Treasury Department for months,... Continue Reading →
Brazil Energy Insight 