bp and Deep Wind Offshore have formed a joint venture to develop offshore wind opportunities in South Korea. As part of their agreement, bp has acquired a 55% stake in Deep Wind Offshore’s early-stage offshore wind portfolio, which includes four projects across the Korean peninsula with a potential generating capacity of up to 6GW. South […]
This year’s bp Energy Outlook explores the key trends and uncertainties surrounding the energy transition out to 2050. The three main scenarios considered in the Outlook – Net Zero, Accelerated, and New Momentum – have been updated to take account of two major developments over the past year: the Russia-Ukraine war and the passing of […]
The world’s first carbon capture pilot for smelters has been officially inaugurated. The Mobile Test Unit (MTU), delivered by Aker Carbon Capture, is now connected to Elkem’s plant in Rana, Norway, which produces high-purity ferrosilicon and microsilica. The carbon capture pilot testing is a collaboration between Elkem, Mo Industripark, SMA Mineral, SINTEF, Alcoa, Celsa Group, […]
ADNOC a Dubai based UAE said that it has commenced work on the world’s first fully sequestered CO2 injection well as part of its $15 billion plan to decarbonise operations, the company announced on Wednesday. The project, which is expected to begin injecting CO2 in Q2 2023 will help the state=owned giant reduce its carbon intensity by 25% by […]
Plenitude, Benefit Corporation (Società Benefit) company of Eni, and Simply Blue Group, an Irish blue economy project developer, have signed an agreement for the joint development of a pipeline of new floating offshore wind projects in Italy. Through this collaboration, the parties wish to combine Plenitude’s technical and financial capabilities and experience in the Italian […]
The EU installed 15 gigawatts (GW) of new wind farms in 2022. That’s one third more than 2021. This increase in new installations is an encouraging result given the overlapping challenges the industry faced in 2022. And the 15 GW installed are an important contribution to strengthening Europe’s energy security ahead of next winter. But […]
New IRENA report shows investment in renewables is cost‑effective, delivering economic growth and jobs, while achieving global climate and sustainable development objectives. Nearly 60 per cent of Nigeria’s energy demand in 2050 can be met with renewable energy sources, saving 40 per cent in natural gas and 65 per cent in oil needs at the […]
Baker Hughes, an energy technology company, has announced an awarded of contract which has been booked in the fourth quarter of 2022 by Malaysia Marine and Heavy Engineering (MMHE) to supply carbon dioxide (CO2) compression equipment to PETRONAS Carigali Sdn. Bhd.’s Kasawari offshore carbon capture and sequestration (CCS) project in Sarawak, Malaysia. The project is expected […]
The global quest to fight climate change through innovative technological search has hit a major breakthrough, this time around its coming a renowned international advanced chemical company ; Versalis an Eni’s chemical company. The company has acquired the technology to produce enzymes for second-generation ethanol from DSM, a global, purpose-led company in Health, Nutrition & […]
Eni Chief Executive Officer Claudio Descalzi and Snam Chief Executive Officer Stefano Venier have signed an agreement to jointly develop and manage Phase 1 of the Ravenna Carbon Capture and Storage (CCS) Project, through an equal joint venture. The agreement also includes the implementation of studies and preparatory activities for the subsequent development phases. Phase […]
