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(Reuters) - The use of low-carbon hydrogen and ammonia in fossil fuel power plants can play a key role in maintaining energy security during the transition to greener power, the head of the International Energy Agency (IEA) told a virtual conference held by Japan's industry ministry on Wednesday. IEA chief Fatih Birol told the International... Continue Reading →
(Reuters) - Spain's Repsol (REP.MC) raised its targets for building new renewable generation capacity and cutting emissions from its oil and gas business on Tuesday as part of a bid many in its sector in Europe are making to stave off global warming. The company said it now plans to have installed wind, solar and hydro plants... Continue Reading →
(Reuters) - Governments need to step up investment in hydrogen production and storage chains to help cut net emissions to zero, the International Energy Agency (IEA) said on Monday. States and private investors had so far only come up with about a quarter of the $1,200 billion needed by 2030 to develop and deploy hydrogen... Continue Reading →
Subsea 7 has officially completed the transaction to combine its Renewables business unit with Norway’s OHT ASA into a pure-play renewables company. Effective from the closing of the transaction, the combined company is renamed Seaway 7. Subsea 7’s wholly-owned indirect subsidiary, Subsea 7 Blue Space, holds 72% while OHT holds 28% of the new company’s... Continue Reading →
(Reuters) - BP (BP.L) and Eni (ENI.MI) are seeking to raise up to $2 billion for their emerging oil and gas joint venture in Angola as both firms attempt to reduce their own debt to help build up renewables businesses, banking and industry sources said. BP and Eni announced in May that they had entered into talks to merge... Continue Reading →
(PetroNoticias) Eneva inaugurated the Azulão Gas Treatment Unit (UTG), which is part of the Azulão-Jaguatirica integrated project, in the city of Silves, in the interior of Amazonas. This is the first gas producing area in the Amazon Basin. Azulão was discovered by Petrobras in the 1990s and declared commercial in 2004, but had never produced.... Continue Reading →
(Reuters) - TotalEnergies (TTEF.PA) plans to buy back $1.5 billion of its shares in the fourth quarter and boost its investment in renewable energy with the help of high oil prices, the French energy major said on Tuesday. "TotalEnergies is confident in its ability to combine energy transition and shareholder return, thus creating long-term shareholder value," the... Continue Reading →
From a colossal wind farm floating amid choppy ocean waves to hundreds of solar panels on the surface of a dammed reservoir, Portugal is exploring innovative ways to boost renewable energy. Mass use of such projects may still be too pricey, but trailblazers like Portugal stand to benefit when costs ease. Bathed in sunshine all... Continue Reading →
(Reuters) - Global oil demand is expected to peak before 2030, earlier than previously projected, TotalEnergies (TTEF.PA) forecast on Monday. The French oil major - which had previously forecast the peak happening around 2030, rather than before - said its business was now working on the assumption that global consumption would start declining before the end of... Continue Reading →
(TN) Porto do Açu became the first port in Brazil to receive EcoPorts certification, the sector's main certification initiative. The seal, obtained this week, incorporates the main internationally recognized environmental management standards, such as ISO 14001. One of the network's objectives is to standardize good environmental management practices in the port sector through cooperation and... Continue Reading →
