Aker Solutions, DeepOcean, and Solstad Offshore in Offshore Wind Services Pact

Offshore energy industry service providers Aker Solutions, DeepOcean, and Solstad Offshore have formed Windstaller Alliance, focused on offshore wind services. "The new partnership aims to provide the world’s most cost-efficient and complete product supply, fabrication, and marine services offering within offshore wind. The alliance will also pursue other offshore renewables segments," the companies said Thursday.The... Continue Reading →

October 14, 2021 0

World must triple clean energy investment by 2030 to curb climate change -IEA

(Reuters) - Investment in renewable energy needs to triple by the end of the decade if the world hopes to effectively fight climate change and keep volatile energy markets under control, the International Energy Agency (IEA) said on Wednesday. "The world is not investing enough to meet its future energy needs ... transition‐related spending is... Continue Reading →

October 13, 2021 0

Offshore Drilling Firm Transocean Sets Emissions Reduction Target

Offshore drilling firm Transocean has committed to reducing operating Scope 1 and Scope 2 greenhouse gas emissions intensity by 40% from 2019 levels by 2030. “Globally, almost one billion people lack access to electricity, and all of us desire reliable and affordable sources of energy that help improve our daily lives. As such, we believe... Continue Reading →

October 12, 2021 0

Chevron Eyes Net Zero Operational Emissions by 2050

Chevron Corp on Monday set a target to cut operational emissions to net zero by 2050, joining a list of energy companies taking steps to reduce their carbon footprint. The move to cut upstream emissions from its own operations and indirect emissions such as those from power generation comes as investors and governments increase pressure... Continue Reading →

October 11, 2021 0

Upstream investors need further incentives, consultant claims

(Offshore) Wood Mackenzie estimates that the global upstream industry could net a windfall of over $1 trillion if oil prices remain above the $50/bbl planning price. According to research director Kavita Jadhav, there are various ways the industry could invest the extra revenue. These include returning cash to shareholders, maintain spending on oil and gas, and... Continue Reading →

October 11, 2021 0

Subsea 7 sets net-zero by 2050 goal

Subsea engineering, construction and services company Subsea 7 has revealed its target to achieve net-zero greenhouse gas (GHG) emissions by 2050. In addition, using 2018 as a baseline year, Subsea 7’s target is to reduce its Scope 1 and Scope 2 emissions by 50% by 2035. According to the company, the goal is based upon... Continue Reading →

October 11, 2021 0

Petrobras has authorization from Conama for all electric production units

The National Environment Council (Conama), which will allow Petrobras to reduce emissions in new projects with fully electrified platforms. The state-owned company says it is technologically prepared to adopt this type of platforms and, with the amendment to Resolution 382/2006, approved by Conama, it is able to incorporate the technology in its new maritime units.... Continue Reading →

October 9, 2021 0

Hydrogen, ammonia can help ensure power security in energy transition – IEA

(Reuters) - The use of low-carbon hydrogen and ammonia in fossil fuel power plants can play a key role in maintaining energy security during the transition to greener power, the head of the International Energy Agency (IEA) told a virtual conference held by Japan's industry ministry on Wednesday. IEA chief Fatih Birol told the International... Continue Reading →

October 6, 2021 0

Repsol raises low-carbon targets to speed up energy transition

(Reuters) - Spain's Repsol (REP.MC) raised its targets for building new renewable generation capacity and cutting emissions from its oil and gas business on Tuesday as part of a bid many in its sector in Europe are making to stave off global warming. The company said it now plans to have installed wind, solar and hydro plants... Continue Reading →

October 5, 2021 0

Eni CEO, Ivory Coast President Discuss Future Plans for Giant Offshore Discovery

Ivory Coast President Alassane Ouattara and Eni CEO Claudio Descalzi met Friday to discuss the progress of Eni's activities in the country, following the giant offshore oil discovery of Baleine 1-X. As previously reported, Eni in September announced the major oil discovery in block CI-101, in what was the company's first exploration well drilled in the... Continue Reading →

October 4, 2021 0