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Europe’s bold new energy plan and cost estimates could fail to live up to the hype, Rystad says

Environment

Europe’s bold new energy plan will need wartime-like planning to meet goals, Rystad says

Rystad Energy forecasts that the EU’s energy plan and its budget may fall short of objectives, as a further ramp-up of investments is needed.

about 4 years ago

German Chancellor Olaf Scholz & and Senegalese President Macky Sall.

Environment

Germany striving to develop gas field with Senegal amid supply uncertainties

Germany plans to work with Senegal on the development of an offshore gas field amid the severe impact of the war in Ukraine on energy supply and prices.

about 4 years ago

UK geothermal specialist wins ‘first of its kind’ study to decarbonise oil & gas extraction

Environment

UK geothermal specialist awarded ‘first of its kind’ study to decarbonise oil & gas extraction

CeraPhi Energy has been awarded funds to carry out a decarbonisation study, aiming to repurpose offshore oil and gas wells.

about 4 years ago

Environment

In focus: Europe’s political balancing act within offshore energy realm

European governments’ efforts to balance the security of the energy supply and climate change materialised in the form of a plan, which is expected to reduce its dependence on Russian fossil fuels and fast forward the green transition.

about 4 years ago

Environment

Hellenic Cables’ net-zero targets approved

The Science Based Targets initiative (SBTi) has approved Hellenic Cables’ near-term and long-term greenhouse gas emissions reduction targets. Hellenic Cables commits to reducing absolute scope 1 and 2 GHG emissions by 50% by 2030 from a 2020 base year, as well as the absolute scope 3 GHG emissions f

about 4 years ago

Environment

Outpacing global regulator, EU moves to introduce carbon pricing for shipping and Ocean Fund

The European Parliament’s Environment Committee (ENVI) has voted to adopt the European Commission’s proposal to include shipping in the EU Emissions Trading System (ETS), surpassing the (in)activity of the UN maritime body, the International Maritime Organization (IMO), to introduce a similar system

about 4 years ago

Environment

EU sets out plan to tackle double whammy of dependence on Russian fossil fuels and climate crisis

The European Commission has presented a plan on how the EU can rapidly reduce its dependence on Russian fossil fuels and fast forward the green transition.

about 4 years ago

Environment

EU Parliament votes for EU ETS reform to combat climate change

On 17 May 2022, Members of the European Parliament (MEPs) voted in favour of amendments to the EU Emissions Trading System (EU ETS) in the Environment Committee.

about 4 years ago

Environment

First ammonia cracker prototype turns zero-emission shipping into a reality

Helbio, a subsidiary of Sweden-based energy system developer Metacon has delivered the first “ammonia cracker” prototype to the Norwegian maritime technology company Pherousa Green Technologies.

about 4 years ago

Environment

TotalEnergies launches drone-based detection campaign for methane emissions across oil & gas assets

TotalEnergies has implemented a worldwide drone-based detection campaign across its operated oil and gas assets to reduce methane emissions.

about 4 years ago

Greenpeace climbers block tanker carrying 33,000 tonnes of Russian diesel to UK © Fionn Guilfoyle Greenpeace

Environment

UK activists stop Russian oil tanker from docking, calling on govt to ‘stop funding Putin’s war in Ukraine’

Environmental activists in the UK have blocked a Russian oil tanker from docking in Essex, calling on the government to “get off Russian oil and gas.”

about 4 years ago

Northern Lights seals partnership to bring pioneering cross-border project for marine transportation of carbon to life

Environment

UK firm to store CO2 in Norwegian North Sea via Northern Lights collaboration

Cory has inked a deal with Northern Lights JV, to work on a CCS project, enabling cross-border marine transportation of CO2.

about 4 years ago

Environment

Norway gathering survey team for offshore wind zones

Norway’s Ministry of Petroleum and Energy (MPE) has tasked the Norwegian Petroleum Directorate (NPD) with conducting surveys in connection with awarding acreage for offshore wind. The NPD will plan and implement a tendering process for preliminary surveys in the areas of Sørlige Nordsjø II and Utsir

about 4 years ago

UK oil & gas regulator hands over North Sea carbon storage licences to BP and Equinor

Environment

UK regulator hands over North Sea carbon storage licences to BP and Equinor

The UK regulator has awarded two carbon storage licences in the North Sea – to store up to 23 Mtpa of CO2 by 2038 – to BP and Equinor.

about 4 years ago