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(Reuters) - Global investment in low-carbon energy transition exceeded $2 trillion for the first time last year, a report by BloombergNEF showed on Thursday. WHY IT'S IMPORTANT Countries around the world are investing in and developing cleaner sources of power and infrastructure to meet climate targets under the Paris Agreement but many experts say the... Continue Reading →
(offshore-energy.biz) With a backlog of $33 billion and sustainability at the heart of its strategy to future-proof its floating production units, the Netherlands-headquartered SBM Offshore is expecting to see a new batch of 40 floating production, storage, and offloading (FPSO) opportunities in the next three years, out of which around 16 are anticipated to be... Continue Reading →
ELIRE Infra, a revolutionary innovation company, operating at the intersection of infrastructure, mobility and clean energy, has announced today, its pioneering ‘Smart Hubs’ - modular, multi-purpose and scalable infrastructure solutions, designed to accelerate decarbonisation across ports, harbours, waterways, and the industries they support. ELIRE Infra’s Smart Hubs address critical infrastructure challenges by offering a sustainable,... Continue Reading →
(OE) Scottish ocean energy pioneer Mocean Energy has launched a crowdfunding campaign on Crowdcube, Europe’s largest private market investment platform. The campaign, which is now live, aims to finance the next phase of the company’s growth plans as it looks to mature its wave energy technology. Mocean Energy is working to transform the ocean energy... Continue Reading →
(Reuters) - Brazil announced details of its new climate change pledge late on Friday night that sets a target to lower the country's greenhouse gas emissions by 2035, which it will present during the United Nations climate summit COP29 in Azerbaijan, according to a government statement. WHY IT'S IMPORTANT Brazil is the largest country in... Continue Reading →
(oilprice.com) Several countries across Latin America have made ambitious climate pledges over the last few years, but can they deliver on their promises? The region is well known for its oil and gas production, as well as for its rapidly expanding critical mineral industry. Using experience from already strong energy sectors, can countries such as... Continue Reading →
(Reuters) - Investment in the green energy transition needs to double to $3.5 trillion per year if the world is to meet the Paris Agreement's goal of reaching net zero emissions by 2050, a report by Wood Mackenzie said on Tuesday. On top of the investment gap, the consultancy's analysis said global efforts to shift... Continue Reading →
(Reuters) - BP is considering selling a minority stake in its offshore wind business, according to four sources with knowledge of the matter, the latest effort by CEO Murray Auchincloss to scale back the energy company's focus on renewables. The company has faced pressure from shareholders over its energy transition strategy, first launched in 2020, as renewables profit... Continue Reading →
(Reuters) - Brazil's Petrobras is discussing a partnership with Vale to help the mining company lower carbon emissions, the state-run oil firm's Chief Executive Magda Chambriard said on Monday. WHY IT'S IMPORTANT The two Brazilian companies are among the largest in Latin America by market value. Chambriard said the firms will "help each other" decarbonize, with a... Continue Reading →
(Zacks) TotalEnergies SE TTE unveiled its long-term strategy and outlook, reaffirming the need for a balanced multi-energy strategy considering the developments in the oil, gas and electricity markets. Given the ongoing transition in the energy space, the company will generate more clean electricity from renewable sources.TotalEnergies plans to increase its global energy production by 4% per... Continue Reading →
