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(Reuters) - Colombia's Ecopetrol must focus on growing its oil and gas production to fund the transition towards renewables, said Saul Kattan, the chairman of the majority state-run energy company. Colombia could be a world leader in production of renewables like wind and green hydrogen, Kattan told Reuters late on Wednesday, but the company, the... Continue Reading →
(OEM) While energy and climate crises take their toll on countries worldwide, occasionally pulling them in different directions, the energy transition takes root, steadily gaining ground in pursuit of the low-carbon and green shift. As it is estimated that investments amounting to a whopping $10 trillion are needed for the U.S. to reach its net-zero by... Continue Reading →
French green hydrogen production specialist, Lhyfe, and Centrica, the UK-headquartered multinational energy company, have signed an agreement to jointly develop offshore renewable hydrogen in the UK, starting with a pilot project in the Southern North Sea. Beyond the pilot, Lhyfe and Centrica will also examine an additional partnership to deploy the technology at commercial scale... Continue Reading →
(OEM) The Dutch government has designated an area for what will become the world’s largest offshore hydrogen production project. That area is Ten noorden van de Waddeneilanden (the North of the Wadden Islands), identified earlier for offshore wind development and deemed most suitable for providing 500 MW of electrolysis capacity and for the transport of hydrogen to land.... Continue Reading →
Japan’s Marubeni Corporation has launched the first green hydrogen injection demonstration project in the natural gas distribution network of Portugal through its investment in Floene Energias, a gas distribution system operator in Portugal with over 70% of the country’s market share. According to Marubeni, in this demonstration project, Floene is transporting green hydrogen through its... Continue Reading →
Offshore hydrogen production is paramount to meet the substantial increase expected in European hydrogen demand, as hydrogen is due to play a significant role as a low-carbon energy carrier – not only to decarbonize hard-to-abate sectors, but also to boost security of energy supply in Europe, a study has shown. The "Specification of a European... Continue Reading →
UK-headquartered energy giant Shell has published in its Energy Transition Progress Report 2022, which shows it has met its climate targets as part of its energy transition strategy and reached a 30% reduction in carbon emissions from its operations by the end of 2022 compared with 2016 on a net basis. According to Shell, the report shows... Continue Reading →
(Bloomberg) – BP Plc’s Chief U.S. Economist Michael Cohen said the oil industry focused too much on cutting greenhouse gases last year, eroding its ability to keep pace with demand. “2022 taught us that too much focus on the decarbonization agenda led to a mismatch between supply and demand,” said Cohen in a Monday interview... Continue Reading →
(epbr) Global Energy Monitor (GEM) report shows that Latin America has the potential to increase its solar and wind energy capacity by more than 460% by 2030 if all 319 gigawatts (GW) of large-scale new projects announced, in pre- construction or under construction come into operation. This represents an increase of almost 70% in relation... Continue Reading →
(Reuters) - Governments worldwide need to simplify rules around hydrogen supply to attract investment and scale it up to become competitive enough to substitute fossil fuel use in heavy industry, energy executives said this week. Hydrogen as a potential alternative to natural gas, coal or oil burned in heavy industry or shipping is seen as... Continue Reading →
Brazil Energy Insight 