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The French alternative energy company Qair has signed a memorandum of understanding with the Brazilian state of Ceará for an investment of 5.85 billion euros for the production of green hydrogen and offshore wind energy. In a statement, the Government of Ceará and Qair Brasil indicated that both projects will generate 2,600 jobs and increase... Continue Reading →
(Reuters) - Royal Dutch Shell (RDSa.L) will boost returns to shareholders via share buybacks or dividends earlier than expected after a sharp rise in oil and gas prices helped it reduce debt, the Anglo-Dutch energy firm said on Wednesday. Shell will increase its distribution to shareholders to 20% to 30% of cash flow from operations beginning in... Continue Reading →
Oilfield services major Baker Hughes has announced the release of its 2020 Report on Corporate Responsibility which outlines its corporate strategy for a sustainable energy future. Baker Hughes said on Thursday that it supported the objectives of the Paris Climate Agreement, and it believes that the private sector has a crucial role to play in... Continue Reading →
(Reuters) - Colombia will launch plans in September to develop the production and use of hydrogen as a long-term clean energy source, the Minister of Mines and Energy said on Tuesday, while voicing hope this year's oil and gas auction will be successful. The South American country will publish a road map to establish over... Continue Reading →
U.S. oil major Chevron Corp has no plans to shrink its oil and gas business for wind and solar energy unlike some rivals, Chief Financial Officer Pierre Breber said on Thursday, amid pressure from shareholders to lower carbon emissions. Major oil and gas producers are facing pressure from investors to lower greenhouse gas emissions and... Continue Reading →
(Reuters) - Reducing the cost of producing clean hydrogen, through large investments and government subsidies, will be key in the wider adoption of the fuel in coming years, panelists said during the Reuters Events: Global Energy Transition conference. So-called green hydrogen, made by using renewable energy to power electrolysers to convert water, is being backed... Continue Reading →
Giant oilfield services provider Schlumberger is the next company in line to commit to achieving net-zero greenhouse gas (GHG) emissions by 2050. Schlumberger said on Tuesday that it spent 18 months conducting extensive analysis and working with experts to produce a decarbonization plan. With minimal reliance on offsets, the plan is focused on reducing scope... Continue Reading →
Countries worldwide should make more offshore areas available for wind farms than they do currently if they want to fulfil their climate ambitions, the chief executive of Norwegian oil firm Equinor told Reuters. Like other European oil majors, Equinor is developing a portfolio of renewable projects while continuing to produce oil and gas, with offshore... Continue Reading →
Norwegian company Odfjell Oceanwind, which describes itself as the mobile offshore wind pioneer, has entered into a non-binding Memorandum of Understanding with Siemens Gamesa and Siemens Energy. Under the MoU Odfjell Oceanwind intends to use Siemens Gamesa and Siemens Energy technologies for its Mobile Offshore Wind Units (MOWUs). Odfjell Oceanwind is working to develop floating... Continue Reading →
Operators have called for greater certification and ‘provenance’ of oil and gas production and encourage competition when it comes to lowest emission barrels as they position their businesses to align with the energy transition. Speaking at the Underwater Technology Conference (UTC) Wednesday (June 16), Arne Sigve Nylund, EVP for Technology, Projects and Drilling at Equinor, said... Continue Reading →
