The UK government on Monday reaffirmed its support for projects to capture and store carbon dioxide emissions as part of its efforts to reach net zero goals and said two more projects would be able to begin negotiations to take them forward鈥
Energy majors BP and TotalEnergies have won a 7 gigawatt (GW) offshore wind site auction in Germany worth a record 12.6 billion euros ($14.1 billion), allowing them entry to the central European market without a partnership.Previous auctions have been won by consortia鈥
As the global economy moves away from fossil fuels, green hydrogen could be critical to achieving a zero-carbon world by 2050.Green hydrogen offers a solution to decarbonizing 鈥渉ard-to-abate鈥 industries such as steel and fertiliser production鈥
Once one of the world's key energy sources, Britain's North sea oil and gas output is poised for a further slump after shrinking by two thirds in the past 20 years, leaving the country increasingly dependent on imports. A windfall tax introduced鈥
Norway on Wednesday opened tenders for two areas in the North Sea to build wind parks that could produce some 3 gigawatt (GW) of electricity, in a first step towards a goal of producing 30 GW by 2040, garnering strong interest from energy firms鈥
When Scott Agnew worked on deep sea oil and gas tankers and cargo boats in the 1980s, he used to count whales and dolphins for conservationists' surveys on his voyages around the world.Based in Dundee, Scotland, many of his jobs over the years have been for the offshore fossil fuel industry鈥
In recent State of the Port address, the first held since 2020, the Port of Long Beach鈥檚 Executive Director Mario Cordero discussed the port鈥檚 plan to support California鈥檚 emerging floating wind industry.The Port of Long Beach has not yet been identified as a marshalling port for any one project鈥
Oil major BP plans to build a vast carbon capture project beneath the North Sea that would be crucial to Britain hitting its emissions targets. Power giant Orsted aims to build a huge offshore windfarm to help the country meet renewable goals鈥
Five developers selected to build the first floating wind farms in U.S. federal watersTo support the California Energy Commission鈥檚 planning goals of 2-5 GW of offshore wind by 2030 and 25 GW by 2045 as well as a federal target to deploy 15 GW of floating wind by 2035鈥
In late 2016, to avoid racking up fines for burning too much natural gas, Mexico's state oil company Pemex struck a deal with the regulator to invest over $3 billion to fix its flaring problem at its most productive set of oil fields.But five years on鈥
Germany is acquiring liquefied natural gas (LNG) terminals as part of its efforts to diversify away from Russian gas.It leased four floating storage and regasification units (FSRUs) in May, capable of importing at least 5 billion cubic meters (bcm) of seaborne gas per year each鈥
Major leaks that suddenly erupted in the Nord Stream gas pipelines that run from Russia to Europe under the Baltic Sea have generated plenty of theories but few clear answers about who or what caused the damage.Here is what we know and what has been said so far:WHO IS BEING BLAMED鈥
Britain's move to green-light dozens of new oil and gas fields will leave investors and banks with a tough PR job as Britain struggles to shore up its energy security whilst sticking to its climate commitments.Starting new oil and gas projects鈥
Global oil companies are pumping billions of dollars into offshore drilling, reversing a long decline in spending on the decades-long projects, including some in the remote iceberg waters far off Canada's Atlantic coast.Surging oil prices are encouraging the investments鈥
By Akif Chaudhry, Principal Analyst, Corporate Research, Wood MackenzieNo longer in its infancy, offshore wind is a proven technology on course to play a key role in the decarbonisation of the global economy. Over the next decade, the industry will attract almost US$1 trillion in new investment鈥
