Baker Hughes rolls out all-electric subsea system to advance offshore electrification

(offshore-energy.biz) U.S.-headquartered energy technology giant Baker Hughes has launched an all-electric subsea production system, marking a step towards full electrification in offshore operations. According to Baker Hughes, the system delivers a fully electric topside-to-downhole solution, designed to integrate with existing subsea tree designs or retrofit electro-hydraulic trees. The move aims to slash costs, installation time,... Continue Reading →

February 6, 2025 0

Mitsubishi Reassessing Japan Offshore Wind Projects Amid Market Changes

(Reuters) Mitsubishi Corp on Monday said it is reviewing how to proceed with its offshore wind projects in Japan given a "significantly changed" business environment, showing that the country is not immune to rising costs across offshore wind projects globally. Japan, which imports nearly everything for its energy needs, has bet on renewable energy to... Continue Reading →

February 3, 2025 0

Approval Granted for Modec/Toyo Blue Ammonia FPSO

MODEC and Toyo Engineering have jointly obtained an Approval in Principle (AiP) from ABS for a Blue Ammonia FPSO that will produce ammonia from the gas supplied by a traditional FPSO located nearby. Blue ammonia is produced from hydrocarbons where the CO2 emitted during production is sequestrated. The Blue Ammonia FPSO will use gas which... Continue Reading →

January 30, 2025 0

Norway’s wealth fund sticks to investments in renewables despite market setbacks

(Reuters) - Norway's $1.8 trillion wealth fund, the world's largest, remains committed to investments in renewable assets despite recent market setbacks and will seek opportunities in both the listed and private markets, a senior fund official said on Thursday. Renewable energy assets have significantly underperformed in the market in 2024, with some previous investor favourites... Continue Reading →

January 30, 2025 0

Global energy transition investment exceeded $2 trln last year, report shows

(Reuters) - Global investment in low-carbon energy transition exceeded $2 trillion for the first time last year, a report by BloombergNEF showed on Thursday. WHY IT'S IMPORTANT Countries around the world are investing in and developing cleaner sources of power and infrastructure to meet climate targets under the Paris Agreement but many experts say the... Continue Reading →

January 30, 2025 0

Vattenfall Pens PPA for Nordlicht 1 Offshore Wind Farm

Vattenfall has signed a power purchase agreement (PPA) with the chemicals group LyondellBasell (LYB) to provide it with fossil free electricity from the Nordlicht 1 offshore wind farm off the German coast. The agreement includes the supply of electricity from the Nordlicht 1 offshore wind farm over a period for 15 years, starting in 2028.... Continue Reading →

January 29, 2025 0

Trump’s climate withdrawal creates rare discord with Big Oil

(Reuters) - U.S. oil and gas producers are thrilled that President Donald Trump wants to encourage domestic energy development but say his decision to withdraw the United States from international climate cooperation will not help their investment plans in the global transition to cleaner energy. The position reflects a rare note of discord between Trump and Big Oil, one... Continue Reading →

January 22, 2025 0

Portugal keen to create offshore wind cluster, could reach 10 gigawatts

(Reuters) - Portugal's government said on Friday it was keen to create a cluster of wind farms off its Atlantic Ocean coast that could eventually reach a total capacity of around 10 gigawatts (GW). Lisbon last week approved four areas in the ocean where offshore wind farms can be installed, moving a step closer to... Continue Reading →

January 17, 2025 0

Petrobras sets new production records at refineries

Petróleo Brasileiro S.A. – Petrobras announces that its gasoline and S-10 (low sulfur) diesel production surpassed historical records from previous years in 2024. The total volume of gasoline produced reached 24.4 billion liters, exceeding the previous record of 2014 (24.2 billion liters). Meanwhile, S-10 diesel production last year broke the previous record from 2023, reaching... Continue Reading →

January 17, 2025 0

Port of Açu and Yamna announce agreement to reserve an area for the development of a green ammonia plant

(TN) Port of Açu and Yamna, an English company specialized in the production of green hydrogen and its derivatives, have signed an agreement to reserve an area in the low-carbon hub of Port of Açu, located in the North of Rio de Janeiro, for the implementation of a green ammonia plant. The port complex is... Continue Reading →

January 8, 2025 0

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Category: decarbonisation

Baker Hughes rolls out all-electric subsea system to advance offshore electrification

Mitsubishi Reassessing Japan Offshore Wind Projects Amid Market Changes

Approval Granted for Modec/Toyo Blue Ammonia FPSO

Norway’s wealth fund sticks to investments in renewables despite market setbacks

Global energy transition investment exceeded $2 trln last year, report shows

Vattenfall Pens PPA for Nordlicht 1 Offshore Wind Farm

Trump’s climate withdrawal creates rare discord with Big Oil

Portugal keen to create offshore wind cluster, could reach 10 gigawatts

Petrobras sets new production records at refineries

Port of Açu and Yamna announce agreement to reserve an area for the development of a green ammonia plant

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