Equinor has been awarded the operatorships for the development of the CO2 storages Smeaheia in the North Sea and Polaris in the Barents Sea. The two licenses are important building blocks for developing the Norwegian continental shelf into a leading province for CO2 storage in Europe. On Tuesday 05 April, the Ministry of Petroleum and Energy announced […]

GreenIT, a joint venture between Plenitude and CDP Equity for the production of energy from renewable sources, and CI IV, a fund managed by Copenhagen Infrastructure Partners (CIP), have signed an agreement to develop two floating offshore wind farms in Sicily and Sardinia.Both projects are located more than 35 km from the coast and have […]

In South Africa, the financial group Standard Bank has announced that it will mobilise 250 billion rand ($17 billion) for green finance by 2026. The bank wants to end oil-related investments while strengthening its climate policy. Standard Bank will spend R250 billion ($17 billion) on green finance. These investments will be made between now and […]

British company Savannah Energy has signed an agreement with the Niger authorities for the construction of its Tarka wind farm. The facility, which will be located in the Tahoua region, will have a capacity of 250 MW, making it one of the largest wind farms in sub-Saharan Africa. Niger could have a wind farm in […]

bp has unveiled new plans to invest £1 billion in electric vehicle charging in the UK, supercharging the roll-out of fast, convenient charging across the country.  bp pulse, bp’s EV charging business, intends to make the investment over the next 10 years helping to meet the UK’s fast-growing demand for EV charging and support the […]

British energy company Chariot is joining forces with France’s Total Eren for a new project in Zambia. The two companies will produce 430 MW of solar and wind energy to power the mining facilities of the Canadian company First Quantum Minerals (FQM). The Chariot-Total Eren alliance has re-signed for a renewable energy project for mining […]

bp is partnering with Marubeni, the major Japanese integrated trading and investment conglomerate, to explore a selected offshore wind development opportunity in Japan. The two have agreed to form a strategic partnership for offshore wind and potentially other decarbonisation projects, including hydrogen.   As part of their agreement, bp will join with Marubeni in their proposal for an offshore wind project off the […]

Baker Hughes (NASDAQ:BKR), an energy technology company, has joined a strategic partnership with and invested in NET Power to advance the technical and commercial deployment of NET Power’s low-cost, electric power system that generates no atmospheric emissions and inherently captures all carbon dioxide (CO2). The partnership, which brings together industry expertise to enable the global deployment of NET Power’s […]

ExxonMobil has made a final investment decision to expand carbon capture and storage at its LaBarge, Wyoming, facility, which has captured more CO2 than any other facility in the world to date. The expansion project will capture up to 1.2 million metric tons of CO2, in addition to the 6-7 million metric tons captured at LaBarge […]

The quest to reduce greenhouse emission in Nigeria through carbon capture, storage and usage CCUS has recently received financial backing from the World Bank and its subsidiary, the International Finance Corporation (IFC). The global financial giants have mapped out strategic plan to support Nigeria in setting up a local market for the capture, use and […]