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Italian energy industry services provider Saipem is set to complete the acquisition of the French Naval Energies' floating wind business. The two companies first announced the agreement on June 4, and now all the necessary conditions for the completion of the deal have been fulfilled. Saipem acquired from Naval Energies the activities in the floating... Continue Reading →
(Reuters) - Wind and solar power capacity expanded rapidly in 2020 while global energy demand cratered because of the pandemic, yet this did not yet reflect a "decisive shift" towards meeting U.N.-backed climate goals, BP said in its annual energy review. Last year witnessed the biggest fall in carbon emissions in more than 75 years,... Continue Reading →
(Reuters) - Royal Dutch Shell (RDSa.L) plans to reduce its refining and chemicals portfolio by more than half, it said in July 2020 without giving a precise timeframe. The move is part of the Anglo-Dutch company's plan to shrink its oil and gas business and expand its renewables and power division to reduce greenhouse gas emissions sharply... Continue Reading →
Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced an agreement to combine its Renewables business unit(1) with OHT ASA (Oslo Børs: OHT), subject to the customary approvals, conditions and relevant employee consultations. The combined company will be renamed Seaway 7 ASA and will initially retain OHT’s listing on Oslo’s Euronext Growth market, with... Continue Reading →
The French alternative energy company Qair has signed a memorandum of understanding with the Brazilian state of Ceará for an investment of 5.85 billion euros for the production of green hydrogen and offshore wind energy. In a statement, the Government of Ceará and Qair Brasil indicated that both projects will generate 2,600 jobs and increase... Continue Reading →
(Bloomberg) --Oil majors are gearing up to explore off the coast of Colombia, offering hope to a country struggling to reverse declines in reserves and output of its biggest export. Royal Dutch Shell Plc is planning to drill this year in the Caribbean, while Exxon Mobil Corp., Repsol SA and state-controlled Ecopetrol SA will follow... Continue Reading →
(Quartz) Towering wind turbines already speckle seas across Europe and Asia and a boom in construction is expected to bring an economic bonanza to the US East Coast. But even this climate-friendly technology could soon evolve into something bigger and better. Almost all the offshore wind turbines operating right now stand atop towers driven into sea beds.... Continue Reading →
U.S. oil major Chevron Corp has no plans to shrink its oil and gas business for wind and solar energy unlike some rivals, Chief Financial Officer Pierre Breber said on Thursday, amid pressure from shareholders to lower carbon emissions. Major oil and gas producers are facing pressure from investors to lower greenhouse gas emissions and... Continue Reading →
Countries worldwide should make more offshore areas available for wind farms than they do currently if they want to fulfil their climate ambitions, the chief executive of Norwegian oil firm Equinor told Reuters. Like other European oil majors, Equinor is developing a portfolio of renewable projects while continuing to produce oil and gas, with offshore... Continue Reading →
Norwegian company Odfjell Oceanwind, which describes itself as the mobile offshore wind pioneer, has entered into a non-binding Memorandum of Understanding with Siemens Gamesa and Siemens Energy. Under the MoU Odfjell Oceanwind intends to use Siemens Gamesa and Siemens Energy technologies for its Mobile Offshore Wind Units (MOWUs). Odfjell Oceanwind is working to develop floating... Continue Reading →
