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(Reuters) - Setting the global average price of carbon per tonne significantly higher at $100 or more is necessary right away to incentivise net zero emissions by 2050, according to a Reuters poll of climate economists. Carbon pricing has come to the forefront of policy measures seen as ways to reduce emissions to a level... Continue Reading →
(Reuters) - Hydrogen produced from renewable energy sources will account for 20% of Europe's power consumption in 2050, and for 10% globally, a report published by Norwegian power company Statkraft on Thursday showed. Green hydrogen is produced by splitting water molecules with a current of renewable electricity in electrolysers. The gas is touted as a... Continue Reading →
French vessel owner and offshore services provider Bourbon has revealed plans to build 38 more new units after the first two crew boats from its new Bourbon Surfer-200X series completed their sea trials. Bourbon’s two new crew transport vessels in the Surfer-200X series have completed their sea trials off the Normandy coast in France. The vessels will... Continue Reading →
Petrobras - In 3Q21, we continued to operate safely and with a solid performance, still with a differentiated regime and special protocols due to the pandemic scenario, but with a gradual increase in the number of people on board. The average production of oil, LGN and natural gas reached 2.83 MMboed, 1.2% above 2Q21, mainly... Continue Reading →
(Reuters) - Exxon Mobil Corp (XOM.N) board is debating whether to continue with several major oil and gas projects amid a global push from investors for fossil fuel companies to be more cost-conscious and green-energy friendly, WSJ reported on Wednesday. Activist investor Engine No. 1 in May shocked the oil-and-gas industry when three of its four nominees... Continue Reading →
(Reuters) - Major economies will produce more than double the amount of coal, oil and gas in 2030 than is consistent with meeting climate goals set in the 2015 Paris accord to curb global warming, the United Nations and researchers said on Wednesday. The U.N. Environment Programme's (UNEP) annual production gap report measures the difference... Continue Reading →
Global wind power leader Iberdrola will pour six billion pounds ($8.24 billion) into a wind farm complex in the North Sea off the east coast of Britain, in its biggest project investment worldwide, it said on Monday. Iberdrola said in a statement it would foot the bill for the East Anglia Hub site, whose soaring... Continue Reading →
INEOS, Europe's largest Hydrogen producer, said on Monday it would invest more than 2 billion euros ($2.3 billion) on electrolysis plants to make zero-carbon green hydrogen across Europe. The first plants will be built in Norway, Germany and Belgium over the next 10 years, with others planned in the UK and France, the company said... Continue Reading →
(OE) By David Linden Head of Energy Transition at Westwood Global Energy Group If we want to reach net zero by 2050, there is an increasingly high risk that some of the oil and gas infrastructure investments (i.e. in platforms, pipelines, processors, storage sites etc) made today will result in stranded assets. In other words,... Continue Reading →
TechnipFMC has completed the acquisition of outstanding shares of Magma Global with an aim to accelerate the development of composite pipe technologies for conventional energy and CO2 applications. TechnipFMC originally acquired an interest in Magma in 2018, combining its experience in flexible pipe technology with Magma’s composite capabilities to develop a disruptive composite pipe solution... Continue Reading →
Brazil Energy Insight 