Thermoplastic Composite Pipes Could Carry Hydrogen Produced Directly at Floating Wind Farms

Strohm, the developer of Thermoplastic Composite Pipe (TCP), has signed a memorandum of understanding (MoU) with French renewable hydrogen supplier Lhyfe, to collaborate on the transportation solution for hydrogen produced from a floating wind turbine to be integrated with a hydrogen production system. The partners said that they would collaborate on solutions for hydrogen transport, both onshore... Continue Reading →

May 10, 2022 0

Transocean Ltd. Reports First Quarter 2022 Results

(GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today reported a net loss attributable to controlling interest of $175 million, $0.26 per diluted share, for the three months ended March 31, 2022. First quarter 2022 results included net favorable non-cash item of $8 million, or $0.02 per diluted share, related to discrete tax items. After consideration... Continue Reading →

May 3, 2022 0

Oil Demand Could Peak as Soon as 2025, McKinsey Says

Oil demand could peak as soon as 2025, as the energy transition continues to gain steam and as electric vehicle adoption increases, McKinsey & Company said in a new report. Christer Tryggestad, a Senior Partner at McKinsey, says: “In the past few years, we have certainly seen the energy transition pick up pace. Every year... Continue Reading →

April 26, 2022 0

Vestas Signs Offshore Wind MoU in Brazil

Vestas has signed a memorandum of understanding (MoU) with the government of the Brazilian state of Rio Grande do Norte to support the development of wind projects off the state’s coast. The objective of the MoU, signed in March, is to share technical knowledge so that governmental institutions can improve their studies of feasibility of... Continue Reading →

April 22, 2022 0

White Martins studies green hydrogen project at Porto do Açu

(epbr) White Martins, a supplier of industrial and medical gases, signed a Memorandum of Understanding (MoU) with Porto do Açu to assess the feasibility of producing green hydrogen at the port complex in São João da Barra (RJ). Under the terms of the agreement, Porto do Açu will carry out a study to collect data... Continue Reading →

April 18, 2022 0

Enel Green Power and the Government of Bahia sign MOU to develop Green Hydrogen project

Enel Brasil and the Government of the State of Bahia signed a Memorandum of Understanding (M)U) to carry out feasibility studies on green hydrogen production projects by Enel Green Power Brasil, the renewable generation arm of the Enel Group in the country. The technical, commercial and financial sectors for this project will be evaluated. The... Continue Reading →

April 15, 2022 0

Global renewable power prices soar on heavy demand, chaotic supply chain

(Reuters) - Prices for wind and solar power in major global markets have climbed nearly 30% in a year as developers have struggled with chaotic supply chains and surging costs for everything from shipping to parts to labor, according to a report published on Wednesday. Contract prices for renewables jumped 28.5% in North America and... Continue Reading →

April 13, 2022 0

Offshore Wind: Mitsubishi, Shell Aim to Produce 400,000t of Green Hydrogen

(Reuters) Japan's Mitsubishi Corp and Shell aim to produce 400,000 tonnes of "green hydrogen" in 2030 through the companies' European offshore wind power project, the Yomiuri newspaper reported on Thursday. Dutch renewable energy firm Eneco, owned by Mitsubishi and Japan's Chubu Electric Power Co, has decided to invest 10% in a joint venture that includes... Continue Reading →

April 7, 2022 0

Wood Mackenzie – ‘Bare minimum’ of £485bn needed to establish global hydrogen market

A “bare minimum” of £458 billion of investment and policy support will be needed by 2050 to get the global hydrogen market up and running. That is according to the latest hydrogen strategic planning outlook report by Wood Mackenzie, a Verisk business. Flor Lucia De la Cruz, senior research analyst at the research company, said: “Substantial... Continue Reading →

April 7, 2022 0

Porto do Açu changes management to accelerate energy transition – offshore wind

(Valor) Prumo Logística wants to attract low-carbon businesses to Porto do Açu, in São João da Barra, in the north of the state of Rio de Janeiro. With the energy transition, the company will take advantage of its experience in supporting the exploration and production of oil and gas to support the development of offshore... Continue Reading →

April 6, 2022 0

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