API urges investment in expanding American oil & gas production to ensure energy security – Long read

(OEM) The American Petroleum Institute (API), a trade association representing the oil and gas industry, believes ramping up domestic production and turning to U.S.-made energy is the answer to the global supply and demand imbalance hitting Americans at the pump and impacting the broader economy. The American Petroleum Institute claims that energy demand is outstripping supply... Continue Reading →

August 11, 2022 0

Big Oil Set to Cash in On Trillion-dollar Offshore Wind Prize – WoodMac

No longer in its infancy, offshore wind is a proven technology on course to play a key role in the decarbonisation of the global economy. Over the next decade, the industry will attract almost US$1 trillion in new investment. A growing number of competitors are flocking to take advantage of the massive opportunities that will... Continue Reading →

August 11, 2022 0

California Sets Big Offshore Wind Targets

(Reuters) California on Wednesday set ambitious new targets for offshore wind development, saying turbines along its storied coastline would power some 25 million homes by 2050. In a unanimous vote, the five-member California Energy Commission (CEC) adopted a goal of 3,000 to 5,000 megawatts (MW) of offshore wind by 2030 and 25,000 MW by 2045, the agency... Continue Reading →

August 11, 2022 0

Scotland opens offshore wind leasing round to decarbonize North Sea oil and gas

Scotland’s new offshore wind leasing round aiming to decarbonise the North Sea oil and gas sector and position offshore wind as a primary feature of the energy transition has launched today, with plans to deliver the results in March next year. Following last year’s consultations, Crown Estate Scotland, the body which manages seabed leasing for offshore... Continue Reading →

August 10, 2022 0

Analysis: U.S. renewables investors see Senate bill sparking gold rush

(Reuters) - For the first time, investors seeking to pour cash into U.S. clean energy projects can count on at least a decade of generous federal subsidies, offering them long-sought confidence in the staying power of the world’s third biggest renewables market. Tax credits for wind and solar projects have underpinned explosive growth in U.S.... Continue Reading →

August 10, 2022 0

Dutch company develops offshore wind-powered hydrogen production platform

The Netherlands-based engineering company Iv-Offshore & Energy has developed a platform that uses offshore wind energy to produce 85 kilotonnes of hydrogen per year. With a capacity of 500 MW, the platform can produce enough green hydrogen in a single day to power more than 300,000 hydrogen cars to drive at least 100 kilometres, the... Continue Reading →

August 8, 2022 0

First gas from Greater Tortue Ahmeyim on target despite FPSO delay

Over the second quarter of 2022, BP’s Greater Tortue Ahmeyim (GTA) project in Mauritania and Senegal achieved a 5 per cent progress, when compared to the previous quarter of the year, topping the 80 per cent mark. The project is on track for the first gas in 3Q 2023 despite delays related to the FPSO... Continue Reading →

August 8, 2022 0

Macquarie targets North Sea as the green energy hub of Europe

(EV) Macquarie Group is betting the North Sea – engine of the UK’s once-booming oil and gas industry – can be transformed into the green energy hub of Europe. The Australian bank, one of the top energy-infrastructure investors, has been acquiring offshore wind farms, pipelines and networks that will be in prime position to produce, carry... Continue Reading →

August 8, 2022 0

Shizen leads offshore wind projects in Brazil

(EPBR) Ibama registers 66 projects under licensing in the country, totaling 169 GW. Rio Grande do Sul and Ceará lead the ranking of power Shizen Energia do Brasil, a group of Japanese origin, has become the leader in licensing offshore wind farms in Brazil, with 18 GW, in six projects on the Brazilian coast –... Continue Reading →

August 5, 2022 0

US Stays the Course Toward Offshore Wind Targets

(OE) The events of the last month have shown that, despite some negative factors, the impetus to continue to grow the U.S. offshore wind segment has lost little steam. The foundations are firmly in place to support the deployment of 30 gigawatts (GW) of offshore wind by 2030 and 110 GW by 2050. Two major... Continue Reading →

August 4, 2022 0