The American natural gas production is expected to grow while the accelerated shift to low-carbon and green sources will reduce U.S. energy-related CO2 emissions through 2050.
Following an incident during routine maintenance, which damaged a floating storage and offloading (FSO) unit operated by a Thai subsidiary of Chevron, Thailand has ordered its navy to join the efforts being undertaken to prevent an oil spill from the vessel.
Since the introduction of G7 oil price cap for Russia’s crude oil and refined products there have been speculations on Russia’s so-called shadow fleet being used to evade sanctions. Russia has repeatedly stated that it will not work with the price cap, but the vast majority of seaborne Russian oil s
Following the announcement of the budget for the UK’s fifth Contracts for Difference (CfDs) allocation round (AR5), and the plan on how different renewable energy projects will compete, the renewable energy industry in the UK has warned the budget and the parameters were “too low and too tight” and
Norway’s cleantech company TECO 2030 has achieved a prerequisite required to release the NOK 50 million ($4.6 million) grant given to the company by Innovation Norway in October 2021. Innovation Norway, the Norwegian Government’s instrument for supporting innovation and development of Norwegian ente
Equinor spent two days in court two weeks ago, tackling the court scrutiny over the development of its controversial Bay du Nord oil project off the coast of Newfoundland and Labrador, as Ecojustice set out to overturn the government’s approval for this $12-billion project. The outcome of this chall
The Board of Supervisors of Humboldt County, California, has approved several motions related to the upcoming development of floating wind farms off the county’s coast, including executing a grant agreement with the State to support developing a local skilled workforce and supply chain.
As part of the UK’s 2023 Spring Budget, £20 billion (nearly $24.2 billion) funding has been unveiled to scale up carbon capture and storage (CCS) projects. The energy industry sees this funding as a way to speed up decarbonisation across the UK and step up the shift towards renewables.
Hutchison Ports, a global port operator, has revealed $700 million investments in two major projects in Egypt – Ain Sokhna Port and B100, a new container terminal in the Port of Alexandria. This investment brings Hutchison Ports’ total investment in Egypt to over $1.5 billion. The company aims to ex
The UK government has confirmed the £205 million budget for renewable energy projects in the fifth round of contracts for difference (CfD) auction, which features plans to cut the tidal stream ring-fence from £20 million to £10 million.
Strikes against the French government’s planned pension reform entered a second week on Wednesday, disrupting maintenance at nuclear reactors, hitting liquefied natural gas (LNG) prices, and blocking some shipments from refineries and depots, Reuters news agency reported. According to Reuters, at le
Norway’s Statnett has decided to reduce the maximum capacity on the 1,400 MW North Sea Link interconnector between Norway and the UK in order to make a balance for import and export. Capacity will be set to a maximum of 1,100 MW in both directions, from the installed capacity of 1,400 MW, and will b
The Norwegian Ministry of Petroleum and Energy has rejected the license application for the construction and operation of a 1.4 GW overseas interconnector between Norway and the UK. The ministry reported on 16 March that after an overall assessment, it had come to the conclusion that there is no bas
The Biden-Harris Administration, through the US Department of Energy (DOE), has announced the availability of $750 million for research, development, and demonstration efforts to reduce the cost of clean hydrogen. The funding launches the first tranche of implementation of two provisions of Presiden
