World Needs $2.7 Trillion Annually for Net Zero Emissions by 2050-Wood Mackenzie

(Reuters) Global investment of $2.7 trillion a year is needed to achieve net zero emissions by 2050 and avoid temperatures from rising above 1.5 degrees Celsius this century, a report by consultancy Wood Mackenzie said on Thursday.  Scientists have said the world ideally needs to limit global average temperature rise to 1.5C this century to avoid catastrophic effects from climate change.... Continue Reading →

World’s Largest Floating Offshore Wind Farm Officially Opens

Norwegian energy major Equinor, together with its partners, will inaugurate today the world’s largest floating offshore wind farm, Hywind Tampen, according to Reuters. The Hywind Tampen floating offshore wind farm will be officially opened today by Prime Minister Jonas Gahr Støre and HRH Crown Prince Haakon of Norway. Equinor’s partners on this project include Petoro, OMV, Vår Energi,... Continue Reading →

Petrobras announces installation of the first fully electric FPSO platform in the Campos Basin – Espirito Santo

(C) The first platform with fully electrified (all-electric) combined cycle systems in the country will be installed off the coast of Espírito Santo in 2025, announced Petrobras, the project will allow greater operational efficiency, in addition to reducing greenhouse gas emissions. The confirmation of the platform, called FPSO Maria Quitéria, which will be located in... Continue Reading →

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