Support for fossil fuels passed $697 bln in 2021, delaying energy transition progress, says OECD and IEA

The energy transition progress towards a sustainable future has encountered roadblocks in the form of fossil fuel subsidies, based on an analysis by the International Energy Agency (IEA) and the Organisation for Economic Co-operation and Development (OECD), which outlines that the backing for fossil fuels almost doubled in 2021, reaching $697.2 billion. While energy transition... Continue Reading →

August 30, 2022 0

Norwegian gas holds potential to play ‘key place’ in Europe’s energy transition

Norway’s government agency responsible for the regulation of petroleum resources believes that the country’s gas can enable Europe to achieve its energy transition goals. To make this happen, investments in unlocking new oil and gas resources and improving the recovery from existing ones are important to limit the production decline and maintain the country’s role... Continue Reading →

August 25, 2022 0

Shell takes great strides to enter the Brazilian renewables market

(Valor) The president of Shell Brasil, Cristiano Pinto da Costa, said today that the company is taking “great strides” to enter the renewable energy market. According to the executive, the company filed requests for environmental licensing for 17 gigawatts (GW) in offshore wind farms at the Brazilian Institute for the Environment and Renewable Natural Resources... Continue Reading →

August 24, 2022 0

TotalEnergies and SSE Renewables Bring Online Scotland’s Largest Offshore Wind Farm

(Reuters) TotalEnergies and partner SSE Renewables on Tuesday announced the first power generation from their Seagreen wind farm off the coast of Angus in Scotland. The $4.3 billion Seagreen project will be Scotland's largest offshore wind farm and the world's deepest fixed-bottom wind farm, said French company TotalEnergies, which is trying to move more into... Continue Reading →

August 23, 2022 0

New rig developed by Huisman can be powered by floating wind

Dutch company Huisman, a provider of design and manufacture of heavy construction equipment, has developed a harsh environment semi-submersible drilling rig design, which can be powered with onshore-produced hydroelectricity but also with floating wind turbines. Announcing the new design on Monday, Huisman explained that it was developed with an aim of making the extraction of... Continue Reading →

August 22, 2022 0

Broker Marsh launches world first insurance for hydrogen projects

(Reuters) - Broker Marsh, a unit of Marsh & McLennan (MMC.N), said on Monday it was launching the world's first dedicated insurance for hydrogen energy projects, as the nascent industry looks to scale up quickly in the fight against climate change. As the world targets net-zero emissions by mid-century in an effort to cap global warming,... Continue Reading →

August 22, 2022 0

TwinHub floating wind offshore site investigation kicks off

The offshore site investigation works have commenced for Hexicon’s 32 MW TwinHub floating wind project in the Celtic Sea. The first phase of the survey works has been awarded to Aratellus Offshore, which has subcontracted Sulmara Subsea to perform the geophysical survey. The goal of the survey is to make it possible to plan subsea... Continue Reading →

August 22, 2022 0

Crown Estate Scotland Announces Three Shetland Floating Wind Projects

Three projects, of 2,8 GW in total, will be offered seabed agreements for offshore wind projects following Crown Estate Scotland’s ScotWind clearing process. Clearing saw the ‘NE1’ area east of Shetland made available for ScotWind applicants who met the required standards but who did not secure their chosen location earlier in the leasing process. The... Continue Reading →

August 22, 2022 0

Scotland opens offshore wind leasing round to decarbonize North Sea oil and gas

Scotland’s new offshore wind leasing round aiming to decarbonise the North Sea oil and gas sector and position offshore wind as a primary feature of the energy transition has launched today, with plans to deliver the results in March next year. Following last year’s consultations, Crown Estate Scotland, the body which manages seabed leasing for offshore... Continue Reading →

August 10, 2022 0

U.S. climate bill promotes clean energy but ‘does not arbitrarily shut off’ oil and gas

U.S. Senator Joe Manchin and Senate Majority Leader Chuck Schumer on Wednesday announced a decision to add climate provisions to a budget reconciliation legislation that is expected to provide $369 billion in energy and climate investments. The package is said to promote zero and low carbon energy and support domestic production of offshore oil and... Continue Reading →

July 28, 2022 0

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Category: transition

Support for fossil fuels passed $697 bln in 2021, delaying energy transition progress, says OECD and IEA

Norwegian gas holds potential to play ‘key place’ in Europe’s energy transition

Shell takes great strides to enter the Brazilian renewables market

TotalEnergies and SSE Renewables Bring Online Scotland’s Largest Offshore Wind Farm

New rig developed by Huisman can be powered by floating wind

Broker Marsh launches world first insurance for hydrogen projects

TwinHub floating wind offshore site investigation kicks off

Crown Estate Scotland Announces Three Shetland Floating Wind Projects

Scotland opens offshore wind leasing round to decarbonize North Sea oil and gas

U.S. climate bill promotes clean energy but ‘does not arbitrarily shut off’ oil and gas

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