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Latest news - Renewables

UK energy technology MOU to support China’s growth in offshore renewables

UK energy technology MOU to support China’s growth in offshore renewables   TUS-ORE Catapult Research Centre and UK Energy Technology Platform join forces to support China’s growth in offshore renewable energy and showcase innovative UK energy transition technologies. The TUS-ORE Catapult Research Centre (TORC), a joint venture between the UK’s Offshore Renewable En...

The world can reach the climate goals by a balanced economic development

The world can reach the climate goals by a balanced economic development   Equinor’s 10th Energy Perspectives report describes how the world can reach the climate and sustainability goals by a more equitable distribution of economic growth and contributions from developed countries to climate actions and development also in emerging markets. “2020 has been an extraordinary year. The impacts of Covid-19 have led to a considerable decline in energy demand, energy prices a...

ENI looks to North Sea Offshore Wind Tender

ENI looks to North Sea Offshore Wind Tender   Italian oil and gas major Eni will enter Norway's upcoming offshore wind tender through a newly-formed joint venture with Norwegian energy investor HitecVision. The JV, called Vårgrønn, has a long-term ambition to install renewable energy projects with a capacity of about 1GW by 2030. Eni will own 69.6% of the company with HitecVision holding the remainder. “This new joint venture is part of Eni’s overall...

BP, Orsted launch green hydrogen project at German oil refinery

BP, Orsted launch green hydrogen project at German oil refinery   BP and Danish renewable energy group Orsted have partnered to develop zero-carbon hydrogen at a German oil refinery, BP's first full-scale project in a sector that is expected to grow rapidly. The project will produce so-called green hydrogen at the Linden refinery in north-west Germany through the electrolysis of water using wind power from the North Sea. It is in its early stages and initially aims to build...

Australia Could Lead The $11 Trillion Hydrogen Boom

Australia Could Lead The $11 Trillion Hydrogen Boom   Back in July, the European Union unveiled a hydrogen strategy that immediately captured the imagination of the renewables world and was hailed as the most ambitious hydrogen plan ever.  The EU's ambitious new hydrogen strategy laid out plans to install 40 gigawatts of electrolyzers within the region's borders and also support the development of another 40 gigawatts of green hydrogen in nearby countries that have the ca...

BP hydrogen and offshore wind investments are on their way

BP hydrogen and offshore wind investments are on their way   CEO Bernard Looney said that the company is preparing to make its first moves imminently. BP hydrogen and offshore wind investments are preparing to be made in the very near future. In fact, bids are expected during the next six months with a particular focus on H2 activity, according to the CEO of the major oil company, Bernard Looney. Looney discussed the company’s intentions to “probably” bid on of...

How Total and BP are leading the green energy charge among oil majors

How Total and BP are leading the green energy charge among oil majors   Should oil companies be investing in solar, wind, battery technology and networks of electric vehicle charging stations? Maybe, in the broader view of themselves as energy companies. And especially if the consumer shifts to EVs faster than expected, crushing demand for transportation fuels. It comes down to whether they’re focused on the product or the customer. If the customer is demanding different k...

Iberdrola to invest £67 billion in 'energy revolution' by 2025

Iberdrola to invest £67 billion in 'energy revolution' by 2025   Spanish wind energy group Iberdrola plans to invest 75 billion euros (67.7 billion pounds) in its renewable energy production, grids and retail operations by 2025 to capitalise on growing global demand for clean power, it said on Thursday. Countries and companies the world over are seeking to cut emissions to combat climate change, buoying renewables-focused companies including Iberdrola. Pursuing the...

40,000 Jobs over 30 years in the North Sea Revolution

40,000 Jobs over 30 years in the North Sea Revolution   The future of the North Sea is worth 40,000 more jobs and £20bn to the UK economy by 2050 - through a clean energy revolution A leading think tank report suggests that the net rise in jobs would come through diversifying to renewables and takes into account a long-term decline in the North Sea's oil and gas industry. The think tank Policy Exchange says that the government must put the North Sea at the heart of its...

Could Scotland ever be 'the Saudi Arabia of renewables'?

Could Scotland ever be 'the Saudi Arabia of renewables'?   "As Saudi Arabia is to oil, the UK is to wind" - that's how Boris Johnson described the country's potential to capitalise on renewable energy recently. For Scotland, it's not the first time comparisons have been drawn with Saudi Arabia. Back when he was first minister, Alex Salmond said Scotland had the potential to be the "Saudi Arabia of renewables". With a year to go until Gl...

Equinor sets ambition to reach net-zero emissions by 2050

Equinor sets ambition to reach net-zero emissions by 2050   Equinor today announces its ambition to become a net-zero energy company by 2050. The ambition includes emissions from production and final consumption of energy. It sets a clear strategic direction and demonstrates Equinor’s continued commitment to long-term value creation in support of the Paris Agreement. “Equinor is committed to being a leader in the energy transition. It is a sound business strategy to ens...

Prime Minister Erna Solberg opened the world’s largest test facility for CO2 transport

Prime Minister Erna Solberg opened the world’s largest test facility for CO2 transport   On Friday, 30 October, Prime Minister Erna Solberg opened the world’s largest CO2 transport test facility at Equinor in Porsgrunn. The test facility transports CO2 in pipelines, both in gas and liquid form. The objective is to learn more about how CO2 behaves during pipeline transport, which is important knowledge in order to scale up CO2 transport and storage in the future. &q...

Aker Offshore Wind and Aker BP to collaborate to drive down emissions

Aker Offshore Wind and Aker BP to collaborate to drive down emissions   Aker Offshore Wind chief executive Astrid Skarheim Onsum said, “We look forward to the opening of offshore wind acreage on the Norwegian Continental Shelf (NCS) in 2021. “Together with partners, suppliers and yards, we would like to realise technology-driven commercial-scale projects and support the development of an offshore wind industry in Norway.” The companies intend to collaborate on...

Shell hires Orsted's Brostrom to lead global renewables unit

Shell hires Orsted's Brostrom to lead global renewables unit   Royal Dutch Shell has hired Orsted's North America Chief Thomas Brostrom as Senior Vice President for its Global Renewable Solutions department starting next year, a Shell spokesman said on Friday. Shell is cutting around a tenth of its workforce as part of plans by one of the world’s biggest oil producers and largest fuel retailer to become a low-carbon energy provider, much like other European oil majors...

Equinor bids to develop up to 2.5GW offshore wind for New York

Equinor bids to develop up to 2.5GW offshore wind for New York   Equinor announced that it responded to New York’s second offshore wind solicitation by submitting proposals to the New York State Energy Research and Development Authority (NYSERDA). The submission is in response to the state’s most recent solicitation requesting proposals for up to 2,500MW of offshore wind and a multi-port infrastructure investment plan. Equinor’s bids are for two projects, “E...

The Big Oil Side Hustle: Where 'Renewable' Money Is Really Going

The Big Oil Side Hustle: Where 'Renewable' Money Is Really Going   "It is unrealistic to suggest that renewables could replace conventional baseload fuels."--Gregory Boyce, former CEO Peabody Energy Corp., 2010. Every time an oil and gas major announces a major foray into renewable energy, the skeptics come out like clockwork and lambast the sector for merely trying to burnish its green credentials. Sometimes the criticism appears undeserved because the Oil Maj...

New Zealand to keep oil drilling ban, renewables push

New Zealand to keep oil drilling ban, renewables push   New Zealand's ruling Labour party has won an outright victory in national elections, maintaining the country's ban on new offshore oil and gas exploration and setting the scene for a further expansion of renewable energy. The Labour party will be able to form a majority government in its own right after winning 64 of 120 seats in the 17 October election. It had led a coalition government for the previous three-year ter...

Høglund joins concept development of wind/LNG-run vessels

Høglund joins concept development of wind/LNG-run vessels   Norway’s marine technology provider Høglund Marine Solutions has acquired a majority stake in Vindskip AS – a company developing a wind/LNG-powered vessel concept. The two-third-stake ownership has placed Høglund’s CEO Børge Nogva as Vindskip’s chairman. The companies didn’t disclose financial details of the deal. The concept under development is based on a car c...

Siemens to Supply Gas Turbines for Africa LNG Project

Siemens to Supply Gas Turbines for Africa LNG Project   Siemens Energy reported Wednesday that it will supply six industrial gas turbines for low-emissions onsite power generation at the Total-led Mozambique LNG Project. The turbine supply deal makes up part of a larger contract recently awarded by the Saipem-McDermott joint venture CCS JV, Siemens Energy noted in a written statement emailed to Rigzone. Under the CCS JV contract, Siemens Energy will supply power generation equipmen...

Equinor collaborates with Microsoft on Northern Lights carbon capture and storage value chain

Equinor collaborates with Microsoft on Northern Lights carbon capture and storage value chain Equinor has signed a Memorandum of Understanding (MoU) with Microsoft to explore ways to support the Northern Lights carbon capture and storage (CCS) project as a technology partner. Microsoft will explore using the project to enable the transportation and storage of captured CO2 . Equinor is developing the project together with Shell and Total as equal partners. “Carbon capture and storag...
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