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European project demonstrates potential for significant reduction in tidal energy costs

Business & Finance

European project shows potential for significant reduction in tidal energy costs

A European project led by Scottish tidal energy developer Nova Innovation has demonstrated that the cost of tidal energy could potentially be reduced by as much as 40%. The €20 million EnFAIT (Enabling Future Arrays in Tidal) Horizon 2020 project brought together seven partners including Nova Innova

about 2 years ago

Business & Finance

‘Historic’ moment for Uruguay: Shell, APA, and YPF seal deals for offshore hydrocarbon exploration

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ANCAP has tucked a new milestone under its belt with the signing of contracts for four offshore blocks with three oil and gas players.

about 2 years ago

Business & Finance

Molgas becomes Titan’s strategic partner in boosting clean fuels market

Low-emissions marine fuels supplier Titan has closed a funding round for a 45% equity stake with further follow-on rights from downstream LNG and renewable gases company Molgas Energy, backed by infrastructure fund investor InfraVia Capital Partners. As explained, the investment in Titan aims to acc

about 2 years ago

Business & Finance

Clarksons and Hydrogenious team up on large-scale commercialization of clean hydrogen

Clarksons Specialised Products, a unit of UK shipbroker Clarksons, has signed a Memorandum of Understanding (MoU) with Germany-based Hydrogenious LOHC Technologies to collaborate on a roadmap to establish a maritime supply chain for the bulk transportation of green hydrogen in chemical tankers using

about 2 years ago

Business & Finance

Tripartite partnership pursues GHG storage acreage offshore Australia

DeepC Store and Azuli International have agreed to jointly pursue and acquire greenhouse gas (GHG) storage acreages in Commonwealth waters offshore Australia said to have strong potential for significant CO2 storage capacities. The two companies have jointly bid for GHG Assessment Permits released b

about 2 years ago

Business & Finance

4th Poseidon Principles report shows improvement in banks’ alignment with decarbonization targets

The Poseidon Principles, a regulatory framework for responsible financing of shipping, has released its fourth annual disclosure report sharing signatories’ climate alignment scores. The initiative has grown in number, with 34 signatories from 13 different countries together representing around 80%

about 2 years ago

Business & Finance

Shell gears up for drilling campaign in Gulf of Mexico to enrich its hydrocarbon arsenal

Shell has greenlighted a phased three-well program to bolster production at a development in the U.S. Gulf of Mexico (GoM).

about 2 years ago

Business & Finance

All main approvals in place for €2.8 billion UK-Germany link

NeuConnect, the first-ever energy link between the UK and Germany, has been granted all key regulatory approvals following the second partial approval for the construction and operation of the converter station on the German side. The Oldenburg State Trade Inspection Office (GAA Oldenburg) has grant

about 2 years ago

Business & Finance

UK reveals winners of first hydrogen allocation round

UK government has concluded the first hydrogen allocation round (HAR1) and selected eleven projects, totaling 125 MW capacity, to receive over £2 billion (around $2.5 billion) of revenue support from the Hydrogen Production Business Model. Launched in July 2022, HAR1 represents the largest number of

about 2 years ago

Ursa platform in the U.S. Gulf of Mexico; Source: Shell

Business & Finance

Shell becomes sole owner of Gulf of Mexico field

Shell has gotten its hands on the remaining stake in a deepwater field in the U.S. Gulf of Mexico, which has been developed as a subsea tie-back to the nearby Ursa production hub.

about 2 years ago

Business & Finance

Carnegie becomes industry partner on project testing novel concrete material for WECs

CETO Wave Energy Ireland (CWEI), a wholly-owned subsidiary of Carnegie Clean Energy, has secured €45,238 in funding to participate as an industry partner in the WECHULL+ Project which will investigate and test a novel concrete material for wave energy converters (WECs). The funding was provided by S

about 2 years ago

View from Åsgard A in the Norwegian Sea; Credit: Ole Jørgen Bratland/Equinor

Business & Finance

As Shell divests its stake in Norway’s ‘largest undeveloped gas discovery,’ Equinor snaps it up

Shell is in the process of selling its interest in a giant gas discovery on the Norwegian Continental Shelf (NCS) to Equinor.

about 2 years ago

Business & Finance

Hydrom paves the way for Oman’s green hydrogen growth

Hydrom, a central and independent entity orchestrating Oman’s national interest in green hydrogen, has signed multiple memorandums of understanding (MoUs) as part of its strategy to propel Oman’s energy transition and green hydrogen growth. During the first day of the Green Hydrogen Summit Oman (GHS

about 2 years ago

Business & Finance

COP28’s ‘historic package’: Writing on the wall that spells end of fossil fuel era or new opportunity for gas and LNG players?

A deep dive into the outcome of COP28 climate talks, which some see as a climate win while other perceive it to be a backdoor for more gas and LNG projects.

15 minutes read