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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 →
(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 →
DNV, the independent energy expert and assurance provider has this week called the governments of countries where the floating wind is a viable option to remove existing barriers in their regulatory frameworks to allow for easier and faster deployment of floating wind projects. DNV expects that offshore wind’s contribution to the wider energy mix will... Continue Reading →
(OE) Norwegian energy company Equinor has partnered up with Naturgy, with the two firms entering a development agreement prior to Spain’s first upcoming offshore wind auction off the coast of the Canary Islands. The Spanish government plans to develop up to 3 GW of offshore wind by 2030. The first Spanish offshore wind auction is... Continue Reading →
(epbr) Licensing for offshore wind projects in Brazil surpassed the 106 GW of power under licensing at Ibama this month, with the arrival of projects from TotalEnergies (9 GW) and Shell Brasil (17 GW). TotalEnergies' projects are the Sopros do Ceará, Sopros do RJ and Sopros do RS wind farms, each with 200 wind turbines... Continue Reading →
(epbr) TotalEnergies, a major western oil and gas producer, is developing 9 GW of offshore wind generating capacity off the coast of Brazil. There are three distribution parks in Ceará, Rio de Janeiro and Rio Grande do Sul. It joins the giants Equinor and Shell, also in the oil and gas segment, but with energy... Continue Reading →
Aker Offshore Wind and Aker Horizons have announced an all-stock merger as part of a wider reorganisation to get after energy transition opportunities. The former, a wind developer, will become a privately-held subsidiary of investment management firm Aker Horizons, with the ultimate goal of merging Aker Offshore Wind with another portfolio firm: Mainstream Renewable Power. AOW... Continue Reading →
After making an entry into a carbon capture and storage project earlier this year, giant offshore drilling contractor Transocean is now investing in the exploration of seabed minerals to support the renewable energy supply chain. Transocean informed on Tuesday that it has purchased a minority interest in Ocean Minerals, a company engaged in the exploration of... Continue Reading →
(Reuters) - Denmark's Orsted (ORSTED.CO) said on Monday it had agreed to sell half of the Hornsea 2 project in Britain, which will become the world's biggest offshore wind farm, to a French consortium for 3 billion pounds ($3.94 billion). The deal is consistent with the Danish energy giant's strategy of selling off large stakes in operational... Continue Reading →
(Reuters) - Saipem (SPMI.MI) will launch a 2 billion euro ($2.2 billion) capital increase this year and sell assets to help fund a turnaround plan to bring the troubled Italian energy services group back into the black. The company stunned investors in January when it downgraded earnings by a billion euros due to a significant deterioration of... Continue Reading →
