The IEA and the OECD outline in their new analysis that the backing for fossil fuels almost doubled in 2021, reaching $697.2 billion.
Neptune Energy has joined forces with Horisont Energi for the development of a large-scale carbon capture and storage project in Norway.
Mocean Energy has appointed a former oil and gas executive, and a climate change expert to its board to help commercialize its Blue Star wave energy device and raise investment.
Houston-headquartered Helix Energy Solutions has acquired interest and operatorship in a field in the Gulf of Mexico.
Equinor and Wintershall Dea have agreed to pursue the development of an extensive carbon capture and storage (CCS) value chain.
Verlume, a UK-based intelligent energy management and storage technologies specialist, has strengthened its leadership team with several new appointments.
Ocean Renewable Power Company (ORPC) has partnered up with local communities and businesses in Chile to accelerate the country’s transition from diesel to renewable energy with its marine energy technology.
Northern Lights, a joint venture between Equinor, Shell and TotalEnergies, and Norwegian chemical company Yara have signed what is said to be the world’s first commercial agreement on cross-border CO2 storage and transport, marking a ‘major milestone’ for decarbonising Europe. Northern Lights and Ya
While the world is working toward having as much renewable energy as possible, green fuels and energy storage could be what saves the day, at least for energy-intensive industries. News on hydrogen and ammonia projects, and renewable energy developments with Power-to-X components this week certainly
During the past six months, China’s CNOOC has ramped up its hydrocarbon production and doubled its net profit.
TEPCO Power Grid is set to participate in the NeuConnect project – the first UK-Germany subsea interconnector – as it has entered into a share purchase agreement with the shareholders of FI1 Limited, a minority shareholder in the project. TEPCO Power Grid signed the agreement with the shareholders v
Canada’s Belledune Port Authority (BPA) has signed a memorandum of understanding (MOU) with Niedersachsen Ports Wilhelmshaven, Germany, to collaborate on the movement of dry and liquid bulk commodities, and manufactured products, between Canada and Germany, with a focus on clean fuels and green prod
Carbon capture is expected to become a new reality in the energy sector, especially having in mind that fossil fuels are here to stay and transitioning to alternative fuel sources is expected to last a couple of decades at least. Fears are being raised that a massive upscaling of carbon capture espe
Aker BP has picked Rosenberg Worley to construct two models for the new central platform on a field in the North Sea.
