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(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 →
The construction of the world’s largest floating wind farm Kincardine, in the UK, is now complete, marking the start of the long-term Power Purchase Agreement (PPA) signed in 2018 between Kincardine Offshore Windfarm Ltd. (KOWL’s) joint venture and Statkraft. The floating wind farm features Principle Power-developed Windfloat semi-submersible foundations on which five MHI Vestas V164-9.5... Continue Reading →
(Reuters) - A global drive towards electrification of road transport to reduce carbon emissions may cut demand for the world's oil refining capacity by half in 2050, consultancy Rystad Energy says. "Going forward we will be touching by 2050 somewhere very close to 90% of electrification," Mukesh Sahdev, senior vice president and head of downstream... Continue Reading →
(Reuters) - The Brazilian subsidiary of Royal Dutch Shell (RDSa.L) will invest 3 billion reais ($565 million) in renewable energy in the country through 2025, executives said on Tuesday. Most of the capex is related to solar energy projects, the executives said. The head of renewable development for Latin America, Gabriela Oliveira, said Shell has 2GW of... Continue Reading →
Three companies are working on a project to convert existing jack-up drilling rigs into offshore green hydrogen production units in the North Sea. Offshore engineering firm Aquaterra Energy, renewable hydrogen producer Lhyfe and offshore drilling contractor Borr Drilling have partnered up in the project called Project Haldane. The project envisions the development of an industrial-scale... Continue Reading →
(Reuters) - Deep in the Oman desert lies one of BP's more lucrative projects, a mass of steel pipes and cooling towers that showcases the British energy giant's pioneering natural gas extraction technology. The facility earned BP Plc (BP.L) more than $650 million in profits in 2019, according to financial filings reviewed by Reuters. Yet the oil... Continue Reading →
(TNPetroleo) GNA - Gás Natural Açu, a joint venture formed by BP, Siemens, SPIC Brasil and Prumo Logística, controlled by EIG Global Energy Partners, announces that the National Electric Energy Agency (Aneel) released this September 16 ), all the generating units that make up the UTE GNA I for the start of commercial operation. Totaling... Continue Reading →
The Ventos Potiguar Offshore Wind Complex, which provides for the installation of five plants with a capacity of 2.7 gigawatts, 207 generators, should be the first in the country. With this, Rio Grande do Norte (RN) is on its way to being the first state in the country to have offshore wind energy production. Governor... Continue Reading →
(Reuters) - Investors managing more than $10 trillion on Wednesday published an ambitious blueprint for energy companies seeking to tackle climate change, including sharp cuts to greenhouse gas emissions and a winding down of oil and gas production. The unprecedented initiative - dubbed the Net Zero Standard for Oil and Gas - details 10 required... Continue Reading →
