Renewable Energy

Source: Reuters

Global inflation brings ever-cheaper clean energy to an end

World Oil


NEW YORK (Bloomberg) –The era of ever-cheaper clean power is over, giving a fresh jolt of uncertainty to global energy markets battered by one supply crisis after another.

 

Relentless price declines over the past decade made renewables …

Source: Reuters

Shares in Siemens Energy and its wind business tumble after profit warning

Reuters


MADRID/FRANKFURT -Shares in wind turbine maker Siemens Gamesa tumbled on Friday after it cut its financial outlook for the third time in nine months, dragging down the market value of its rivals as well as parent company Siemens Energy.…

Source: CNBC

The world is hungry for lithium. Geothermal energy could transform how it’s sourced

CNBC


The southwest of England is famed for its dramatic coastline, verdant countryside and fresh seafood. If all goes to plan, another string could be added to the region’s bow over the next few years: lithium extraction.

In the county …

Source: Reuters

BP and Oman form renewable energy and hydrogen development strategic partnership

World Oil


Source: CNBC

‘Green’ fuels will cost the consumer — but we need to think long term, Maersk CEO says

CNBC


The CEO of shipping giant Moller-Maersk admitted to CNBC Thursday that shifting to “green” fuels would come at a cost, but emphasized the importance of focusing on the bigger picture rather than short-term pain.

Soren Skou’s comments come a …

Source: Reuters

U.S. pushes forward on clean energy with plan for record offshore wind sale

Nasdaq


Jan 12 – The Biden administration on Wednesday outlined a range of measures to speed the growth of clean energy on the U.S. power grid, including the government’s largest ever sale of offshore wind leases in waters off the …

Source: Reuters

Shell-backed U.S. solar developer raises $775 million in equity

Nasdaq


Jan 6 – Silicon Ranch Corp, the U.S. solar project developer backed by Royal Dutch Shell RDSa.L, on Thursday said it raised $775 million in equity capital from new and existing investors.

The announcement comes as renewable energy, …

Source: World Oil

U.S. says Iran “dragging its feet” on return to nuclear deal

World Oil


(Bloomberg) –Talks on reviving the Iran nuclear deal that have resumed in Vienna show some progress but it’s “far too slow,” a U.S. official said Tuesday.

“Iran has at best been dragging its feet in the talks while …

Source:TDI-bi.com

TDI-Brooks completes geotechnical program in the Gulf of Mexico

World Oil


TDI-Brooks recently completed a Geotechnical Site Investigation for Beacon Exploration & Production LLC in the deepwater Gulf of Mexico.

The project consisted of ‘heavy’ geotechnical coring/cone penetration testing (“CPT”) with TDI-Brooks’ research vessel, the R/V GYRE. T

he …

Source: World Oil

Shell extends renewable energy commitment with Savion acquisition

World Oil


Shell New Energies US, a subsidiary of Royal Dutch Shell, has signed an agreement to buy 100% of Savion LLC (Savion), a large utility-scale solar and energy storage developer in the United States, from Macquarie’s Green Investment Group. …

Source: Investing.com

CAF to use $7 billion capitalization for recovery, renewables in Latin America

Investing


BOGOTA – CAF, the Development Bank of Latin America, will use $7 billion in planned equity capitalization to back economic recovery and renewable energy development in the region, its president said on Thursday.

The board of CAF, which has …

Source: CNBC

Huge $2.6 billion green hydrogen project planned for Europe

CNBC


Spanish power company Iberdrola and Sweden’s H2 Green Steel are to partner and develop a major facility that will produce green hydrogen, in yet another example of how companies are taking an interest in the much talked about sector.…

Onboard Dynamics signs investment agreement with BP Energy Partners

Onboard Dynamics signs investment agreement with BP Energy Partners

Oil and Gas 360


Publisher’s Note: Onboard Dynamics was a presenter at EnerCom’s 2021 The Energy Venture Investment Summit, EnerCom Dallas, and The Oil & Gas Conference.

BEND, Ore.Oct. 5, 2021 /PRNewswire/ — Onboard Dynamics, Inc. (“Onboard Dynamics” …

EnerCom and Colorado School of Mines announce preliminary participating companies for The Energy Venture Investment Summit, February 16 & 17, 2022 hosted in-person in Golden, Colorado

EnerCom and Colorado School of Mines announce preliminary participating companies for The Energy Venture Investment Summit, February 16 & 17, 2022 hosted in-person in Golden, Colorado

Oil and Gas 360


DENVERNov. 18, 2021 /PRNewswire/ — EnerCom, Inc., a nationally-recognized management consultancy, and Colorado School of Mines, a leading public research university focused on science and engineering, announced initial presenting company line-up for The

Source: CNBC

Bill Gates’ TerraPower will build its first advanced nuclear reactor in a coal town in Wyoming

CNBC


TerraPower, a start-up co-founded by Bill Gates to revolutionize designs for nuclear reactors, has picked Kemmerer, Wyoming, as the preferred location for its first demonstration reactor. It aims to build the plant in the frontier-era coal town by …

Source: CNBC

Oil and gas giants hit back at climate critics, say they’re leaders in energy transition

CNBC


The CEOs of some of the world’s leading energy companies have defended their position in the energy mix after the COP26 climate summit focused attention on the future of the industry.

Energy industry leaders and insiders were plentiful at …

Source: CNBC

‘No way around hydrogen’ says RWE CEO, as firm lays out plans to invest billions in renewables

CNBC


Hydrogen has a key role to play in the years ahead, especially in industrial applications, according to the CEO of German power company RWE.

“When you look long term, there is no way around hydrogen,” Markus Krebber, who

Source: World Oil

EU climate boss sees a role for natural gas in the green energy transition

World Oil


(Bloomberg) – European Union climate chief Frans Timmermans gave the clearest signal yet that the bloc is considering a role for natural gas under its green rulebook for investments, setting up a clash with some national governments.

Timmermans …

Source: Reuters

COP26: France falls in with group pledging to end oil and gas exploration

World Oil


(Bloomberg) –France has joined a group of countries and states that support fixing a date to end fossil fuel exploration, putting its name to an initiative that was snubbed by the UK

The Beyond Oil and Gas Alliance …

Source: Reuters

Saudi says climate fight shouldn’t shun any particular energy source

Reuters


GLASGOW, Nov 10 – Saudi Arabia’s top energy official said on Wednesday that efforts to combat climate change should not undermine global energy security or shun any particular energy source, and denied the kingdom was hampering international talks on …

Source: Reuters

Shell and Norsk Hydro team up for green hydrogen

Reuters


OSLO – Royal Dutch Shell and Norsk Hydro are looking into jointly producing hydrogen from renewable electricity in a push to decarbonise their own operations as well as supply heavy industry and transport customers, Hydro said on Tuesday.

The …

Source: CNBC

What ‘transition’? Renewable energy is growing, but overall energy demand is growing faster

CNBC


The world wants to “transition” away from fossil fuels toward green energy, but the difficult reality is this: Dirty fuels are not going away — or even declining — anytime soon.

The total amount of renewable energy that’s available …

Source: World Oil

TotalEnergies CEO won’t consider spinning off renewables business

World Oil


PARIS (Bloomberg) –TotalEnergies SE Chief Executive Officer Patrick Pouyanne said it’s “too early” for the French oil major to consider spinning off its renewable-energy business because that segment may triple in value by 2025.

That segment should surge …

Source: CNBC

Don’t ditch traditional energy stocks for solar just yet, two traders say

CNBC


It’s worth hanging onto traditional energy stocks despite the recent resurgence in solar names, two traders say.

The popular Invesco Solar ETF (TAN) is up nearly 10% this week, helped in part by Enphase Energy’s surge after reporting record

Source: CNBC

Fossil fuel production ‘dangerously out of sync’ with global climate targets, UN warns

CNBC


LONDON — As world leaders prepare for one of the most important climate summits ever held, U.N.-backed research shows governments are collectively planning to extract far more fossil fuels than would be consistent with global climate targets.

The …

Source: Reuters

Blackrock CEO says the world is on track to lose climate change fight

World Oil


(Bloomberg) –BlackRock Inc. Chief Executive Officer Larry Fink said emerging economies need about $1 trillion a year over the next three decades for the world to achieve carbon neutrality.

“Right now the emerging world is getting about $150 …

Source: bloomberg.com

Today’s global energy crisis is just the first in the “clean power” era

World Oil


(Bloomberg) –The world is living through the first major energy crisis of the clean-power transition. It won’t be the last.

The shortages jolting natural gas and electricity markets from the UK to China are unfolding just as demand …

Source: CNBC

Baker Hughes CEO lays out ‘hard truths’ behind the energy transition as gas prices surge

CNBC


The CEO of energy technology firm Baker Hughes has outlined what he feels are key points related to the energy transition amid deepening concern about rising gas prices and the knock-on effects this could have in the months ahead.…

Source: Reuters

Despite green talk, pre-COVID oil demand seen returning soon

Nasdaq


LONDON – World oil demand will rise back above 100 million barrels per day, a level last reached in 2019, as soon as the second quarter of next year, according to major forecasters, challenging views that the pandemic may …

Source: Reuters

Shell commits to power Malaysian offshore platform with solar and wind energy

World Oil


Sarawak Shell Berhad, a subsidiary of Royal Dutch Shell plc, announced that it has taken a final investment decision on the Timi gas development project and, together with its partners PETRONAS Carigali Sdn Bhd and Brunei Energy Exploration, …