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(OWB) Half of the US offshore wind energy projects in the pipeline are at risk of being delayed beyond 2030 because of limited port and vessel infrastructure and domestic manufacturing, according to a new report co-authored by the National Renewable Energy Laboratory (NREL) and the Business Network for Offshore Wind. The US has set the... Continue Reading →
(OE) Norwegian company PGS, best known for its seismic survey services in the offshore oil and gas sector, said Wednesday it had scored its first offshore wind contract. The company said it had secured its first ultra-high resolution offshore wind farm site characterization project, marking its debut in "a strategically important new energy market." "PGS... Continue Reading →
(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 →
(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 →
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 →
(OET) UK-headquartered energy giant Shell has highlighted five trends in its energy sector outlook for 2023 observed through the prism of energy security, economics and transition to low-carbon sources. Shell’s energy outlook for 2023, which was published earlier this week, points out that the energy transition is not something that can stand on its own, as... Continue Reading →
While European oil majors are taking a gamble on hydrogen as the transport fuel for the future, this ‘big bet’ is not so big in reality, according to a new study on behalf of Transport & Environment (T&E), which shows that investments in biofuels refining are eight times bigger. Ricardo Energy & Environment, a global... Continue Reading →
(Reuters) The U.S. Interior Department on Tuesday named Elizabeth Klein, a lawyer who worked in the Obama and Clinton administrations, to head the bureau that oversees offshore oil, gas and wind development. Klein will take over for the current head of the Bureau of Ocean Energy Management, Amanda Lefton, who has resigned from the post... Continue Reading →
(OET) With the lessening of restrictions imposed due to the COVID-19 pandemic, expectations of the oil and gas market’s recovery dominated at the start of 2022 prior to the Ukraine crisis. In the wake of Russia’s war in Ukraine, many industries, including the offshore energy industry, were thrown for a loop, which caused a lot... Continue Reading →
(Reuters) The two largest U.S. oil companies - Exxon Mobil Corp and Chevron Corp - disclosed plans to increase outlays on energy projects next year amid high oil demand and prices. While spending more, it will be less than half the combined $84 billion they spent in 2013, when oil prices often traded above $100 per barrel... Continue Reading →
Brazil Energy Insight 