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Net Zero Emission

France to Bankroll Development of Zero-Emission Ships With €300 Mln, Backed by $200 Mln From CMA CGM

France plans to assign € 300 million in public funding to help catalyze the decarbonization of its shipping sector and the development of zero-emission vessels…

EUBCE — 31st European Biomass Conference & Exhibition

EUBCEThe Leading Platform for Global Biomass InnovationEUBCE isthe largest biomass conference and exhibition in the world.Each year, EUBCE brings together the g…

Wind Farm

Sembmarine SLP Bags Maintenance Contract From ØRsted for Hornsea 2

Sembcorp Marine’s subsidiary Sembmarine SLP has secured a maintenance contract from Ørsted for the Hornsea 2 Offshore Wind Farm offshore substation and reacti…

United States

NREL Develops Cybersecurity Tool to Flag Threats to Electric Grid

The National Renewable Energy Laboratory (NREL) has developed an intrusion visualisation tool, IViz-OT, which can locate and visualise anomalies on the electric…

COP27: $1bn Signed for Grid-Based Projects ‘in Asia and Beyond’

A strategic investment partnership will see AIIB and GEAPP mobilise up to $1 billion and identify co-financing opportunities for projects and programs of common…

Hydrogen Project

Landmark Green Hydrogen Project Launched at COP27

A green hydrogen project in Ain Sokhna Egypt has been commissioned by project owners Fertiglobe, Scatec, Orascom Construction and The Sovereign Fund of Egypt.

Brazil

EDP Brazil Shrinks Hydropower Portfolio in Favour of Solar

EDP Brazil said it believes in a future with more solar energy in its portfolio, in addition to more investments in distribution and transmission.

Solar Power Panel

U.S. Solar Capacity Has Grown 28,500% Since 2008

U.S. solar power capacity has jumped by 28,500% since 2008.

United States

Chevron and JERA Jointly Pursue Lower-Carbon Solutions in the US and Asia Pacific

Chevron New Energies, Chevron’s unit focusing on low-carbon fuels, and Japanese energy giant JERA have agreed to collaborate on multiple lower-carbon opportuni…

ACWA Power Net Profit Surges 110% YoY in First 9 Months of 2022

Its operating income before impairment loss and other expenses grew by 11% YoY.

Energy Transition

Panama, Uruguay, and Norway Join Clean Energy Marine Hubs Initiative at COP27

The governments of Panama, Uruguay, and Norway have signed up to the Clean Energy Marine Hubs Initiative, a worldwide cross-sector initiative aimed at catalyzin…

Mauritania

Bp and Mauritania to Explore Green Hydrogen at Scale

bp has signed a memorandum of understanding (MoU) with the Government of Mauritania.

OPEC

Iraq's October Oil Output in Line With OPEC+ Quota, SOMO Data Show

Iraq produced 4.651 million barrels per day (bpd) of crude in October, down by 11,000 bpd from September.

Crude Oil

EIA Cuts World Oil Demand Growth for 2023

The U.S. Energy Information Administration has slashed its world oil demand growth forecast for next year as President Biden lashed out at oil companies for not…

Oil Price

European Commission Says Gas Price Cap Is Impossible

The European Commission told countries at a Monday seminar this week that there was no way to create a gas price cap as previously requested by EU leaders.