Brought to you by Quest Offshore & Southern Cone Consultants
(Reuters) - Portugal wants to speed up investments in green hydrogen projects, which are essential to decarbonize the economy, and will end mandatory environmental assessments for them in March 2023, Prime Minister Antonio Costa said. Portugal expects to become a major producer and exporter of green hydrogen with 70 private investors or groups planning to spend 10... Continue Reading →
(Reuters) - Exxon Mobil Corp (XOM.N) on Thursday said it will raise spending next year closer to the top end of its $20 billion-$25 billion annual guidance and expand investments to curb carbon emissions. Exxon led record gains among oil majors in the second and third quarters this year, aided by its highly criticized decision during the COVID-19 pandemic to double... Continue Reading →
Marine robotics company Ocean Infinity has taken delivery of the first two robotic vessels that will form part of the high-tech Armada fleet. The two ships have left Vard Vung Tau shipyard in Vietnam and are headed to Norway and Vard Søviknes. “Armada 7801 and 7802 have set sail from Vietnam and are headed to Norway.... Continue Reading →
“It is quite clear that liquid hydrogen is the cheapest option. It is much cheaper than ammonia when you look at the whole cycle of putting the hydrogen into the ammonia and taking the hydrogen out. If you can have liquid hydrogen which is stored without loss or very low loss, then liquid hydrogen is... Continue Reading →
(Reuters) - Renewable energy firm Orsted (ORSTED.CO) on Tuesday said it intends to invest in a large-scale facility in Denmark to produce green hydrogen, considered a cornerstone of the shift to cleaner energy. The first stage of the investment in the so-called Power-to-X facility is estimated at somewhere between 1 and 5 billion Danish crowns ($141-$705 million),... Continue Reading →
(Reuters) - Global renewable power capacity growth is set to double over the next five years, driven by energy security concerns in the wake of Russia's invasion of Ukraine, the International Energy Agency (IEA) said on Tuesday. In an annual report on the outlook for renewables, the IEA said capacity worldwide is expected to grow... Continue Reading →
(MTR) This week, dozens of companies are expected to compete for the right to lease the first commercial wind power sites off the coast of California in a federal online auction that could kick-start the state’s next clean energy boom. Collectively, the winners will pay at least tens of millions of dollars for exclusive rights to submit... Continue Reading →
(Reuters) - BP chief executive Bernard Looney is betting on hydrogen to power future low-carbon businesses as the governments of major economies stump up cash to develop the fuel to decarbonise. Low-carbon hydrogen already has a big fan-base and is forecast to play a major role in reducing greenhouse gas emissions from heavy industries and... Continue Reading →
(OE) German renewable energy firm RWE said Friday it had bought the Irish company Western Power Offshore Developments Ltd, which is in the early stages of developing the East Celtic wind farm project offshore Ireland. The East Celtic wind farm site , which could have a capacity of 900MW, is located around 10 kilometers offshore of Wexford and Waterford in Ireland. "RWE’s adoption of the project as part of... Continue Reading →
As deepwater oil and gas production is set to increase by 60 per cent by the end of the decade, Wood Mackenzie, an energy intelligence group, has outlined in its global upstream report the drivers of deepwater’s rapid growth, along with the challenges and opportunities the sector offers and faces. Wood Mackenzie disclosed last week that... Continue Reading →
Brazil Energy Insight 