Technip Energies Sets Up Green Hydrogen JV, Beats Quarterly Earnings Expectations

(Reuters) French oil and gas services group Technip Energies on Thursday announced a green hydrogen solutions joint-venture with Belgian group John Cockerill, while reporting stronger-than-expected first-quarter earnings. The need to combat climate change, along with Russia's invasion of Ukraine, have created opportunities for energy service firms, with increased investments in liquefied natural gas (LNG) and... Continue Reading →

May 4, 2023 0

‘Hydrogen Hubs’ to the Fore

Barry Parker, Contributor (OE) The path to decarbonization is defined by partnership and fueled by government funding. This month we examine the players, partnerships, and evolution of Hydrogen Hubs in the Gulf of Mexico. The Green Shipping Challenge, organized by the United States and Norway at COP 27 held in late 2022, brought about dozens of... Continue Reading →

May 3, 2023 0

Plans emerge for Brazil’s first CCS hub as Petrobras eyes possible partnership with Shell

(U) Brazilian oil giant Petrobras is preparing a pilot project for the capture and storage of industrial carbon dioxide emissions and is looking to build partnerships for a first full-scale CCS hub for the country. While international peers such as ExxonMobil, Chevron, BP and Equinor are already working toward industrial CCS projects in the US... Continue Reading →

May 3, 2023 0

€7.5 billion Dutch fund may favor Pecem’s green hydrogen hub

(epbr) The Dutch government released the Climate Fund project for 2024, which foresees 28.1 billion euros for climate spending in the country until 2030. Of this total, 7.5 billion euros will be used to develop the green hydrogen industry, including 300 million euros to import this energy source – which could favor green hydrogen projects... Continue Reading →

May 2, 2023 0

European firms warn renewables need policy, funding support to stay on track

(Reuters) - Europe's offshore renewable energy industry is not big enough to deliver governments' goals to rapidly expand green power, and requires a jump in policy support and funding to get on track, European companies from the sector said on Monday. The companies' joint call comes as leaders from nine countries including Germany, France and... Continue Reading →

April 24, 2023 0

North Sea countries to pledge massive ramp up of wind energy – draft

(Reuters) - Energy ministers from European countries surrounding the North Sea are set to pledge to quadruple offshore wind energy capacity by the end of the decade as they aim to turn the region into an engine of renewable power. Seven European Union countries, including Germany, France and the Netherlands, alongside non-EU countries the United... Continue Reading →

April 21, 2023 0

Petrobras to release new strategic plan at the end of the year, says Tolmasquim

(epbr) Petrobras has begun reviewing the five-year strategic plan and will release the new plan for the period 2024-2028 at the end of 2023, along the lines of the last revisions, said Maurício Tolmasquim, current executive manager of Strategy at Petrobras. Tolmasquim was appointed to the Board of Energy Transition and Renewable Energy, a new... Continue Reading →

April 19, 2023 0

Chinese company SPIC signs agreement with Prumo for hydrogen and offshore wind in Porto Açu

(epbr) SPIC Brasil, a subsidiary of the Chinese generator, closed an agreement with Prumo Logística, a company controlled by the EIG that is responsible for the development of Porto do Açu, for joint renewable energy projects in the port complex located in the north of Rio de Janeiro. The Memorandum of Understanding (MoU), signed during... Continue Reading →

April 17, 2023 0

Exxon says its decarbonization business could outgrow oil, in multi-trillion market

(Reuters) - Exxon Mobil Corp's (XOM.N) Low Carbon business has the potential to generate hundreds of billions of dollars in revenue and outperform the company's traditional oil and gas as soon as a decade from now, CEO Darren Woods said. The largest U.S. oil producer on Tuesday laid out to investors the aims of its emerging energy transition strategy... Continue Reading →

April 4, 2023 0

EIC: UK turns to renewables and low-carbon power to bolster energy security

(OEM) In the aftermath of geopolitical challenges, energy and climate crises along with economic side effects from the turbulent events that marked 2022, the UK is pivoting towards renewable and low-carbon energy in a push to strengthen energy security, outlines the new report from the Energy Industries Council (EIC), an energy industry trade association and... Continue Reading →

April 4, 2023 0

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