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“It is quite clear that liquid hydrogen is the cheapest option. It is much cheaper than ammonia when you look at the whole cycle of putting the hydrogen into the ammonia and taking the hydrogen out. If you can have liquid hydrogen which is stored without loss or very low loss, then liquid hydrogen is... Continue Reading →
(Reuters) - Renewable energy firm Orsted (ORSTED.CO) on Tuesday said it intends to invest in a large-scale facility in Denmark to produce green hydrogen, considered a cornerstone of the shift to cleaner energy. The first stage of the investment in the so-called Power-to-X facility is estimated at somewhere between 1 and 5 billion Danish crowns ($141-$705 million),... Continue Reading →
(OED) UK-based offshore vessel operator North Star has secured a £140 million (currently around $171 million) financing package. The company, building a fleet of service operation vessels for offshore wind operations, said Tuesday it would use the funds to support the next phase of its ambitious offshore wind growth plan. The investment includes a £50... Continue Reading →
(OE) Marco Polo Marine, a Singapore-listed offshore vessel company, is looking to enter the Japanese offshore wind market and has signed a memorandum of understanding with "K" Line Wind Service in that regard. Both parties, according to Marco Polo Marine, want to own and run suitable offshore support vessels that will serve customers in the... Continue Reading →
(Reuters) The Norwegian government plans to make its first awards in an offshore wind power tender by the summer or autumn of 2023, it said on Tuesday as it published long-awaited criteria for companies to take part in the bidding. The Nordic country, a major producer of oil and gas as well as hydropower, plans... Continue Reading →
Oil and gas company Perenco has said it has discovered oil in the Tchibeli North East pre-salt Vandji exploration prospect on the Perenco-operated PNGF Sud license, offshore Congo. Perenco said that good oil and gas shows were recorded on entry into the reservoir, and a 75-meter oil column was interpreted on logs. "A test of... Continue Reading →
(OET) Italian oilfield services provider Saipem has decided to buy the Santorini ultra-deepwater drillship from South Korea’s Samsung Heavy Industries to strengthen its offshore drilling fleet amid the growing demand in the market. The Santorini drillship was initially ordered from Samsung Heavy by Ocean Rig and it was slated for delivery in the second quarter of 2017. Come... Continue Reading →
(Reuters) - Global renewable power capacity growth is set to double over the next five years, driven by energy security concerns in the wake of Russia's invasion of Ukraine, the International Energy Agency (IEA) said on Tuesday. In an annual report on the outlook for renewables, the IEA said capacity worldwide is expected to grow... Continue Reading →
(Reuters) - The United States on Tuesday is set to kick off the first sale of offshore wind development rights for waters off the coast of California, expanding the nascent domestic industry to the Pacific Ocean. The auction is a major milestone in the Biden administration's push to put wind turbines along every U.S. coastline... Continue Reading →
(Reuters) - The transition team for Brazil's President-elect Luiz Inacio Lula da Silva sees no need for any emergency move at state-run oil company Petrobras (PETR4.SA), sources said on Monday, after a meeting between Lula's team and the firm's top management. The state-run oil company briefed Lula's transition team on fuel pricing policy, according to the... Continue Reading →
Brazil Energy Insight 