UK-headquartered energy giant BP has unveiled its new energy outlook, highlighting the main trends and uncertainties surrounding the energy sector and the transition to low-carbon and green energy sources over the next three decades. With the current energy and climate crises at the forefront, BP’s new Energy Outlook explores the key trends and uncertainties surrounding the energy... Continue Reading →
EU leaders to back new funding for green industry in Feb -draft
(Reuters) - European Union leaders will give clearance in February for work on new EU funding for the green tech industry to counterbalance subsidies in the United States and China, as well as more flexible use of existing funds and looser state aid rules. The draft conclusions for the Feb 9-10 EU leaders' summit, seen... Continue Reading →
Imported hydrogen can beat EU production costs by 2030 – study
(Reuters) - Imports of renewable hydrogen into the European Union by 2030 will be competitively priced compared with domestically produced clean hydrogen, a future energy source to replace fossil fuels, a study by Aurora Energy said on Tuesday. In the RePowerEU policy, lawmakers have assumed that hydrogen usage in the bloc will reach 20 million... Continue Reading →
Germany publishes plans to hit 30 GW offshore wind target in 2030
(Reuters) - Germany on Friday said it has drawn up new development plans for offshore wind turbine sites to reach a target for 30 gigawatts (GW) of installed wind power capacity by 2030. The plans by the Federal Maritime and Hydrographic Agency (BSH) will ensure that the target can be met, the Economy Ministry said... Continue Reading →
EDP launches Green Hydrogen plant in Ceará
EDP, a company that operates throughout the Brazilian electricity sector chain, launched in São Gonçalo do Amarante, Ceará, its green hydrogen production plant as part of the Pecém Research & Development project H2V, which had an investment of R$ 42 million. In December, the company had already generated the country's first green hydrogen molecule at... Continue Reading →
Saipem unveils new solution for offshore energy operators
(OET) Italy’s oilfield services provider Saipem has joined forces with MCS, an underwater technical and digital solutions company, to launch a new asset integrity management system for offshore energy operators, which the Italian giant sees as a further step towards the digital and sustainable transformation of the energy industry. Saipem disclosed this week that it has launched... Continue Reading →
Brazil’s Unigel to invest up to $1.5 billion in ‘green hydrogen’ production
(Reuters) - Brazilian chemical maker Unigel said on Wednesday it will invest up to $1.5 billion in its complex in the state of Bahia to produce so-called green hydrogen, the first in the country to do so on an industrial scale. The plant, located in the city of Camaçari, should have the first of three... Continue Reading →
US Offshore Wind: Our Interconnected Future
Greg Lennon, Contributor (OE) It will take a team effort that spans sectors and even industries to meet the United States’ goal of 30 GW of offshore wind by 2030, writes Greg Lennon, ABS Vice President, Global Offshore Wind. As the United States offshore wind (OSW) industry considers the Biden-Harris Administration’s 30 gigawatts (GW) by 2030... Continue Reading →
Rystad: Low-carbon investments set to hit $620 billion in 2023
While investments in green sectors overshadowed the oil and gas funding for the first time last year, the cost-conscious developers are expected to tighten their purse strings after two years of soaring prices, outlined Rystad Energy, an energy market intelligence group. However, low-carbon spending is still expected to rise by $60 billion in 2023 as inflation weakens. As... Continue Reading →
One third of TotalEnergies’ investments now in renewable energy and clean fuels
TotalEnergies is investing massively in renewable energy and clean and sustainable fuels, with one third of its investments now being made in these sectors as the company, most of whose currently operational projects are still in the oil & gas sector, moves towards a goal of having 50 per cent of its energy mix in... Continue Reading →
Brazil Energy Insight 