Orsted Addresses Swedish Baltic Sea Wind Concerns
Orsted CEO assures Sweden that the offshore wind industry has solutions that would address defense concerns. At issue: Sweden's rejection of a proposed 13 offshore wind farms in the Baltic Sea.Swedish Defense Minister Pal Jonson said on Monday that building wind farms in the Baltic Sea would pose defense risks, by making it harder to detect and shoot down missiles.
Linde is optimistic about clean energy projects despite reducing its full-year outlook
Linde, world's biggest industrial gas company, announced on Thursday that it is confident in its clean energy projects, despite reducing its full-year outlook due to a decline in the end markets, including mining, metals, and healthcare. Sanjiv Lamba, CEO of Sanjiv Lamba Technologies said in a conference call that…
Svendborg Brakes' Yaw Brake Solution Transforms Wind Turbine Maintenance
When damaged yaw brake discs were preventing numerous wind turbines from operating in optimum conditions, their operator was looking for an economical maintenance service that would ensure the turbines’ availability. Svendborg Brakes, a Regal Rexnord Brand, developed a new solution to quickly restore operations - cutting disc resurfacing activities and exchange pads to only 3 days…
Statkraft CEO: Statkraft will sell assets in 3 countries
Statkraft's CEO announced on Wednesday that the Norwegian utility, Europe's biggest renewable energy producer and Statkraft's state-owned subsidiary, would sell assets in India as well as Croatia and The Netherlands, to concentrate the group's investment on fewer markets. Statkraft announced its strategy in June and cut its growth goals for solar…
Sources say that Brazil is aiming to attract foreign investment through a green development platform.
Brazil will launch a new platform on Wednesday to attract more foreign investment into sustainable development. The platform will highlight $8 billion worth of promising private sector projects, and look to triple this portfolio within a year. Four Brazilian officials who spoke anonymously about the program before a Washington launch event…
RSC Bio Solutions Launches FUTERRA Compressor Oils
RSC Bio Solutions launched FUTERRA Compressor Oils, synthetic lubricants designed to meet the performance demands of industrial and marine sectors while addressing sustainability needs.FUTERRA Compressor Oil is formulated with a synthetic, sustainable base oil, offering outstanding thermal stability, long service intervals, and inherent biodegradability.
Nabors Industries, a provider of oilfield services, will purchase Parker Wellbore
Nabors Industries agreed on Tuesday to purchase drilling services provider Parker Wellbore, as the oilfield service company seeks to expand its drilling business globally. The company would buy the privately-held Parker for 4.8 millions shares of Nabors common stock. This was subject to a price cap and assuming a net debt of approximately $100 million.
EU Energy Ministers Discuss Ukraine Energy Crisis and Russian LNG
Officials said that EU energy ministers met on Tuesday in Luxembourg to discuss the rising Russian LNG imports into the EU, Ukraine's energy shortages before winter and how to equalize energy prices among member states. In June, the EU approved a 14th set of sanctions including a ban of transhipments of Russian Gas as of March of next year. However, it did not impose a complete ban.
Exxon has secured over 271,000 acres of land in Texas waters to capture CO2 offshore
Exxon Mobil announced on Thursday that it had acquired state leases covering over 271,000 acres of Texas state waters to conduct an offshore CO2 capture operation. Exxon won the lease from the Texas General Land Office after it bid in 2021 for federal land near the Texas coast to capture CO2, and then emerged as the highest bidder in 2023 for 69 blocks of shallow water in the U.S.
Germany builds LNG import terminals
Germany is expanding its natural gas import options as part of efforts to decarbonise and replace Russian supplies. Here are some details about terminals that will host floating storage regasification (FSRU) units to receive LNG. There are also plans for shore-based terminals, as well as facilities to produce and import ammonia and hydrogen.
Germany's Thyssenkrupp reviewing green steel production plans
Thyssenkrupp, a German steel company, said that it will review its plans to produce green steel after a report Sunday suggested it might halt a major project of decarbonisation. The conglomerate, which is in crisis, said that it was reviewing its plan for its steel business, including the "green transformation"…
Saatvik Solar, India, in talks with international lenders about expansion
Abani Jha, chief financial officer of Saatvik solar in India, said that the company is in discussions with international lenders about funding its expansion plan worth $263 million over the next two-years. He said that the company, which has a 3.8 gigawatt solar module capacity, will set up 2.8 GW of solar cell manufacturing in two years at a cost of 20 billion rupees.
Germany builds LNG import terminals
Germany is expanding its natural gas import options as part of efforts to decarbonise and replace Russian supplies. Here are some details about terminals that will host floating storage regasification (FSRU) units to receive LNG. There are also plans for shore-based terminals, as well as facilities to produce and import ammonia and hydrogen. On Sept.
APPEC and Japan's JERA consider Vietnam gas-fired energy plant investment
A senior executive from Japan's largest utility, JERA, said on Wednesday that the company plans to invest in a gas-fired plant in Vietnam as part of its efforts to transition away from coal and towards cleaner fuels. By 2030, power plants that use domestic gas or imported liquefied gas (LNG), with LNG as the major contributor, will be a vital source of energy in Vietnam.
Rural towns in New Mexico's arid region are looking to treated oil wastewater for a drought solution.
Stephen Aldridge, a pilot of a four-seater helicopter, could see a dozen lagoons filled with toxic waste glistening in the distance between drill rigs. The mayor of Jal, a tiny town nestled in the middle of U.S. Oil Country near the Texas border, saw the scene as a chance to find water for the state that is suffering from a worsening drought.
Methanex acquires OCI's methanol division in a $2.05 billion deal
Methanex, a Canadian methanol manufacturer, announced on Sunday that it would acquire the methanol division of Dutch green fuel maker OCI Global for $2.05 billion. The deal involves $1.15 billion cash and the issuance 9.9 million Methanex shares valued at $450 millions, according to the methanol manufacturer. It also includes $450 in debts and leases.
OPEC+ Has Oil Price and Demand Problems. It Should Solve Demand
OPEC+ has two problems and two solutions.The first problem is that crude oil prices are too low for the comfort of most of the members of the group, which pulls together the Organization of the Petroleum Exporting Countries (OPEC) and its allies including Russia.The second issue is that crude demand has so far disappointed…
UN chief warns that Africa's inability to access debt relief could lead to social unrest
The lack of resources and insufficient debt relief for African countries is a recipe to create social unrest. This was the conclusion reached by UN Secretary-General Antonio Guterres on Thursday. He proposed new reforms to international financial institutions. In recent months, a growing debt crisis has sparked civil unrest across Africa's 1 billion people.
Indonesia's President urges developed countries to invest in green economies
Joko Widodo, the Indonesian President on Thursday, urged developed countries to invest in energy solutions and climate change in Indonesia. He highlighted its enormous potential for renewable energy projects and carbon reduction. Jokowi (as the incoming president is known) said that the Southeast Asian country has over 3,600 Gigawatts of renewable power potential.
Exxon and Abu Dhabi's ADNOC will partner in the delayed Texas hydrogen project
The Abu Dhabi National Oil Company will purchase a 35% stake in Exxon Mobil Corp.'s low-carbon hydrogen project proposed in Texas. Both companies announced a one-year delay in the start-up until 2029. ADNOC's investments show a confidence in the multi-billion-dollar project, which Exxon had threatened to abandon if the U.S. Government restricted tax credits.
