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Cathie has been awarded a contract to provide geophysical and geotechnical consultancy services for the up to 1.7 GW Bluepoint Wind offshore wind project in the United States. Located 38 nautical miles off the coast of New York and 53 nautical miles off the coast of New Jersey, Bluepoint Wind offshore wind project is being... Continue Reading →
UK-headquartered energy giant Shell has published in its Energy Transition Progress Report 2022, which shows it has met its climate targets as part of its energy transition strategy and reached a 30% reduction in carbon emissions from its operations by the end of 2022 compared with 2016 on a net basis. According to Shell, the report shows... Continue Reading →
(Bloomberg) – BP Plc’s Chief U.S. Economist Michael Cohen said the oil industry focused too much on cutting greenhouse gases last year, eroding its ability to keep pace with demand. “2022 taught us that too much focus on the decarbonization agenda led to a mismatch between supply and demand,” said Cohen in a Monday interview... Continue Reading →
(Reuters) The U.S. Environmental Protection Agency (EPA) by May should complete a review of Louisiana's request to take on oversight of carbon capture projects, according to a letter to the state, which wants to speed up approvals. Louisiana is seeking to permit and monitor so-called Class VI wells, which bury carbon dioxide and other climate-warming... Continue Reading →
While proposals to expedite infrastructure projects are making the rounds in Congress, Wood Mackenzie, an energy intelligence group, believes permitting reform could be part of the solution to the strains created by rapid growth in renewables, as this could help ease U.S. grid bottlenecks. In these turbulent times, marked by a global energy crisis, which... Continue Reading →
(OM) More countries plan to stage their first offshore wind lease rounds in 2023, according to the latest Global Market Overview from TGS subsidiary 4C Offshore. At the same time, project development and FIDs will slow offshore wind expansion in the short term. The report cites slow permitting, delays in offtake auctions, supply chain issues... Continue Reading →
While the transition to low-carbon and green sources is making strides on the global energy stage, the major energy players in Europe and the U.S. have been making progress at a different pace with Big Oil keeping oil and gas firmly in the driving seat. However, Wood Mackenzie, an energy intelligence group, believes all roads... Continue Reading →
(Reuters) - Dutch lender ING (INGA.AS) on Tuesday said it had again toughened its lending policy to the oil and gas sector, restricting finance to clients engaged in commodity or trade finance and "midstream" infrastructure. ING, a leading provider of commodity finance, said it was working on a methodology to reduce the volumes of traded oil and... Continue Reading →
(OE) An offshore wind hub is coming to the site of the former Avondale Shipyard in Louisiana as the region ramps up to service the growing renewable energy industry in the U.S. Gulf of Mexico. New Orleans-based Gulf Wind Technology (GWT) announced Monday it is collaborating with energy supermajor Shell to establish a research, training... Continue Reading →
New Orleans-based wind turbine rotor specialist Gulf Wind Technology (GWT) said Monday it had partnered with Shell New Energies US LLC (Shell), through a $10 million investment by the energy company, to create the Shell Gulf Wind Technology Accelerator program. The collaboration includes deploying novel technologies to a demonstrator turbine as early as 2024, designed... Continue Reading →
