Offshore Energy Outlook for 2020
The “new normal” is a phrase tossed around often in offshore energy circles today as those servicing and operating in the sector grapple with the harsh realities of the prolonged industry downturn. Operators, service companies and…
IEA to Push for Offshore Wind Energy
The International Energy Agency (IEA) held a high-level workshop on the outlook for offshore wind energy yesterday (May 13), bringing together 80 senior representatives from government, the private sector, research groups, academia…
Equinor Bets on Offshore Wind
Norway's Equinor is focusing its green efforts on offshore wind, a goal it is already on its way to achieve, but some investors are concerned about the impact this shift will have on the company's bottom line.European oil and gas…
India, UK Govts Invest $711 mln in Indian Renewable Energy Fund
Lightsource BP and Indian private equity fund Everstone Group announced on Wednesday the creation of a 500 million pound ($711 million) fund to invest in renewable energy and clean technology in India. The fund, named Green Growth Equity Fund (GGEF)…
BP, Tesla to Venture Into Battery Storage for Windfarm
BP has teamed up with Tesla to build its first battery storage project at one of its U.S. windfarms as part of a strategy to expand its renewable energy business, the energy group said on Tuesday. Tesla will supply the 212 megawatt…
Statoil Aims to Sign Power Purchase Agreement in NY in 2018
Norway's Statoil aims to sign a power purchase agreement with a U.S. utility to develop an offshore wind power project off New York, a senior company official said on Tuesday. Statoil won a lease sale of 79,350 acres offshore New York…
Shell Opens Technology Center in Bangalore
Shell has opened a new major technology hub in Bangalore, India, expanding the company’s R&D activities in Asia. The 52-acre, custom built technology center can house up to 1,500 experts working collaboratively on innovative projects worldwide.
Finalists of Wind Propulsion Innovations Awards
The International Windship Association (IWSA) has announced the shortlist, selected by shipping industry experts, for the inaugural Wind Propulsion Innovation Awards 2016 and voting is now open to everyone to select the winners in three categories – Innovation…
EU Seeks Bigger Clean Tech Fund, Targeted CO2 Permits
The European Union should boost its clean technology fund and adopt a more targeted approach to allocating free carbon permits to keep industry from moving abroad to avoid pollution curbs, a leading EU carbon policymaker said on Friday.
JRI,MHI, INPEX Tie-up for METI's Feasibility Study
The Japan Research Institute, Mitsubishi Heavy Industries, Ltd. and INPEX CORPORATION have submitted a joint proposal in response to a public offer by the Ministry of Economy, Trade and Industry (METI) on "Feasibility Study on CCS…
EU Set to Back Carbon Market 2019 Reform Start
Carbon price expected to reach 20 euros by 2020. The European Parliament on Wednesday is expected to back a 2019 start to reform of the world's largest emissions market in a step towards deeper change and higher carbon prices. The…
Oil, Gas Majors Call for Carbon Pricing
Major oil and gas companies, BG Group plc, BP plc, Eni S.p.A., Royal Dutch Shell plc, Statoil ASA and Total SA, today announced their call to governments around the world and to the United Nations Framework Convention on Climate…
EU Carbon Market Reforms Likely by July
Member state disagreements over start can be overcome. Reforms aimed at raising prices on Europe's carbon market are likely to be agreed by the end of June at the latest, a senior official at the European Commission said on Wednesday.
Countries May Ditch Pledges Under New Climate Agreement
Countries may ditch a detailed checklist for what their pledges under a new climate agreements should contain, given deep splits over their breadth and scope, and whether they should draw a clear line between rich and poor nations.
World Energy Needs Require $48 Trillion Investment by 2035
Meeting the world's growing need for energy will require more than $48 trillion in investment over the period to 2035, according to a report on investment released today by the International Energy Agency (IEA) as part of the World Energy Outlook series.
Climate Rules Could Put $1.1 Trl In Oil Investment At Risk
Investors could spend up to $1.1 trillion over the next decade on oil projects and assets that never reach production if governments enforce measures to curb climate change, a report by Carbon Tracker Initiative said. The Carbon Tracker report…
Ship Fuel of Choice to Remain Heavy Oil in 2030: New Analysis
A new study by Lloyds Register and University College, London, discusses the prospects of marine fuels in 'Global Marine Fuel Trends 2030', giving insights into future fuel demand for the containership, bulk carrier/general cargo…
