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(Reuters) - The Biden administration is partnering with 11 East Coast states to accelerate development of offshore wind facilities and create jobs by supporting a domestic supply chain for the industry, the White House said on Thursday. The move is part of President Joe Biden's push to fight climate change by expanding clean energy technologies.... Continue Reading →
(Reuters) - Mexico's hydrocarbon regulator is investigating state oil company Petroleos Mexicanos (Pemex) over suspected excessive natural gas flaring and other violations at another giant field, according to two sources with direct knowledge of the matter. In 2019, Pemex, which is under international pressure to clean up its operating practices, hailed the Quesqui field in... Continue Reading →
German energy company RWE and steel producer ArcelorMittal have signed a memorandum of understanding to work together to develop, build and operate offshore wind farms and hydrogen facilities that will supply the renewable energy and green hydrogen required to produce low-emissions steel in Germany. The partnership centres on driving forward the production of carbon-neutral steel,... Continue Reading →
(Reuters) - French lender Credit Agricole (CAGR.PA) on Wednesday set out targets to cut its exposure to the financing of emissions from the oil and gas sector and boost renewable energy lending. The move comes as the sector faces growing regulatory and investor pressure to align lending with the world's climate goal, aiming to cap global warming... Continue Reading →
(Reuters) - The election of Colombia's first leftist president, Gustavo Petro, is indicative of widespread yearning for a more equal and inclusive society, analysts and business leaders said, but the former guerrilla will need to act fast to reassure investors. Petro, a 62-year-old former mayor of the capital Bogota and current senator, won some 50.4%... Continue Reading →
Offshore wind developer Ocean Winds is joining Opportunity Cromarty Firth and supporting the body’s green freeport bid. If the region is successful in its attempt, it would help to attract “new and increased manufacturing” that would ease the delivery of Scotland’s next generation of wind farms. Ocean Winds, a 50-50 joint venture launched in 2020... Continue Reading →
(Reuters) - Ecuador oil company Petroecuador says it is working to shut down gas flares in the Amazon to comply with a court-imposed deadline, but progress is too slow for nearby communities who allege the flares cause cancer and other illnesses. A provincial tribunal in Sucumbios province last year ordered Petroecuador and a handful of... Continue Reading →
(OE) A new report from the International Energy Agency (IEA) estimates that if there was a concerted, global effort to eliminate unnecessary flaring and control leaks across the supply chain, there would be nearly 210 billion cubic meters (bcm) of natural gas could be made available to gas markets. Russia’s war with Ukraine has sent energy... Continue Reading →
(Reuters) - BP (BP.L) is beefing up its hydrogen management team as the energy company prepares to accelerate investments in the low-carbon fuel which it believes will play a key role in the world's shift away from fossil fuels. The revamp of the hydrogen team is the first clear sign of changes Anja-Isabel Dotzenrath, a former head... Continue Reading →
TotalEnergies has entered into an agreement with Adani Enterprises Limited (AEL) to acquire a 25% interest in Adani New Industries Limited (ANIL). ANIL will be the exclusive platform of AEL and TotalEnergies for the production and commercialization of green hydrogen in India. ANIL will target a production of one million metric tons of green hydrogen... Continue Reading →
Brazil Energy Insight 