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Renewables Surged in 2020, but No 'Decisive shift' Towards Climate Goals Yet, BP Says
Wind and solar power capacity expanded rapidly in 2020 while global energy demand cratered because of the pandemic, yet this did not yet reflect a "decisive shift" towards meeting U.N.-backed climate goals, BP said in its annual energy review.Last year witnessed the biggest fall in carbon emissions in more than 75 years…
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"Green Energy" will drive the need for more Mining and Metals Production
Clean energy may mean less mining for coal, but it also means opening or expanding mines to unearth minerals such as cobalt for use in alloys and batteries, tellurium for solar cells and semiconductors, and germanium for transistors in electronic devices. That’s according to Dr. Michael Moats…
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Report says BHP Mulls Oil & Gas Exit
Global miner BHP Group is considering getting out of oil and gas in a multibillion-dollar exit as it looks to speed up its retreat from fossil fuels, Bloomberg News reported on Tuesday, citing people familiar with the matter.The world's biggest miner is reviewing its petroleum business and considering options including a trade sale…
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Buyers Reportedly Line-up for a Crack at Seadrill
Noble Corp and a consortium that includes Transocean Ltd and Dolphin Drilling are competing to acquire the assets of Seadrill Ltd, the bankrupt offshore oil driller controlled by Norwegian-born tycoon John Fredriksen, people familiar with the matter said on Tuesday.Seadrill is trying to emerge from its second U.S.
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McAllister to Operate ATB for Polaris New Energy LNG Bunkering Ops
McAllister Towing LNG Services, LLC will serve as technical manager for the Polaris New Energy LNG bunkering operation in Florida, operating the Articulated Tug Barge (ATB) Polaris/Clean Canaveral for Polaris New Energy. “We are excited to work with McAllister Towing because, as one of the oldest marine transportation companies in the US…
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Greek Subsea Cable links Crete to the Peloponnese
Greece has linked the island of Crete to the power grid of the Peloponnese peninsula via an undersea cable, a major step…
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Case Study: Acoustic Tech Help Offshore Wind Industry Adapt
Nortek is supporting metocean survey and consulting company Partrac to provide floating windfarm developers with detailed…
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China Crude Processing Spikes to All-time High
Chinese refinery crude oil throughput has reached its highest level ever, with total processed volumes up 12% in the first…
Latest news
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8 Rivers Capital, Sembcorp Energy to Build Net-Zero Emissions Plant in UK
U.S. clean technology firm 8 Rivers Capital and Sembcorp Energy UK, a subsidiary of Singapore-based Sembcorp Industries,…
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US Okays LPG Exports to Venezuela
The U.S. government on Monday authorized shipments to Venezuela of liquefied petroleum gas, mainly used in the OPEC nation…
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India's June Fuel Demand Recovers as Lockdowns Ease
India's fuel demand recovered last month after slumping to a nine-month low in May, as restrictions to curb the spread of…
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Oil Prices Rise Over 2% as US Inventories Decline
Oil prices rose for a second day on Friday as the market reacted to falling U.S. inventories.Signs of strong Asian demand…
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Lithuania Seeks Alternative Bids for LNG Import Terminal
Lithuania is seeking alternative bids from providers of floating liquefied natural gas (LNG) terminals to potentially replace its existing import term
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From Trash to Fuel: BioLNG Production Project Takes Shape in France
EveRé, Elengy, TotalEnergies and the CMA CGM Group are engaged in a study of a BioLNG production plant project at Marseille’s port…
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OPEC+ Agrees New Oil Deal Without UAE Agreement, Source Says
OPEC+ agreed on Friday to add more oil to the market from August and extend the duration of their pact on their remaining production curbs for longer…
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Registration opens for the 2021 Maritime Risk Symposium in Houston
The University of Houston’s College of Technology will host the 12th Annual Maritime Risk Symposium (MRS 2021), in collaboration…
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Space Tech Meets Maritime: Composites Designed for Space targeted for LNG Tank Tech
The SpaceTech4Sea project sees ABS, OceanFinance and Cimarron Composites joining forces to adapt composite technologies developed…
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Oil May Hit $100 but Volatility Will Grow, Say Energy CEOs
Benchmark oil prices could hit $100 a barrel and price volatility could also grow due to lower investments and the energy transition, the heads of top
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WTI-Brent Spread Narrows as Oil Market Tightens
The price gap between the world's two most actively traded oil contracts narrowed to its lowest in more than seven months, demonstrating that U.S.
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Japanese Refiners See Bullish Oil Price Trend Continuing
Oil prices are set to remain on a bullish course this year given the strong recovery in global demand following the COVID-19 pandemic-induced slump…
Offshore Oil & Gas
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Back to the Drawing Board: Analyzing Social Impact of Sustainable Energy
The future could be bright for small island nations. Cheap sustainable energy is the core component of the United Nations…
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Oil Profits Soar: Oil Majors Shed Pandemic Blues
Europe's major energy companies profited from a rise in oil prices to report big increases in first-quarter earnings on Thursday…
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Offshore Wind: Orsted Earnings, Shares Dented by Lower Wind Speeds, Cable Problems
Lower wind speeds and cable problems hit first-quarter earnings at Denmark's Orsted , sending shares in the world's biggest…
Shale Oil & Gas
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BP Profit Triples to $2.6B in Q1 on Strong Oil, Gas Trading
BP's profit more than tripled to $2.6 billion in the first quarter thanks to stronger oil prices and bumper revenue from natural gas trading, paving t
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U.S. Crude Oil Exports: When 'Less is More'
Longer sailing distances cushion fall in US crude oil exportsTon mile demand generated by US crude oil exports has fallen…
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US House Bill Seeks $8 Bln for Abandoned Oil and Gas Well Cleanup
A U.S House of Representatives Democrat introduced a bill on Thursday authorizing $8 billion to plug and clean up abandoned oil wells nationwide…
LNG
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Tellurian to Sell LNG to Gunvor, Delays Louisiana Project Start
U.S. liquefied natural gas (LNG) developer Tellurian Inc said on Thursday it signed a 10-year agreement with commodity trader…
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Shell to Link Directors' Pay to Climate Performance
Royal Dutch Shell has proposed linking its directors' pay more closely to the group's climate performance and severing the…
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Ship Power: MAN Energy Solutions Unveils New LNG Dual-fuel Engine
In a live-stream presentation from its Copenhagen Research Center, MAN Energy Solutions has demonstrated advanced dual-fuel…
Renewables
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Japan Sets Aside $3.4B for Hydrogen R&D
The Japanese government said on Tuesday it will allocate up to 370 billion yen ($3.4 billion) from its green innovation fund…
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Total Enters a 640 MW Offshore Wind Project Under Construction in Taiwan
Total signed an agreement with wpd to acquire a 23% interest in Yunlin Holding GmbH, the owner of Yunlin offshore wind farm…
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Vattenfall Shortlisted for 1 GW French Offshore Wind Tender
France has shortlisted Swedish utility Vattenfall and its two partners to bid in a tender to develop an offshore wind farm…
Technology
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Alphabet Winds Down Makani
Alphabet, Google's parent company, announced that it is calling it quits on its efforts to build and monetize its Makani…
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CMA CGM Joins Energy Observer in Hydrogen Project
French shipping giant CMA CGM is joining forces with Energy Observer within a project focusing on testing the potential of…
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Toshiba Delivers Fuel Cell System to Ship
The provider of energy industry solutions Toshiba Energy Systems & Solutions Corporation (Toshiba ESS) announced that the…
Legislation
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Biden to Target Drilling, Fossil Fuel Subsidies in New Climate Orders
President Joe Biden was set on Wednesday to sign executive actions to combat climate change, including pausing new oil and…
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Biden Administration Suspends Federal Oil and Gas Permitting
The Biden administration has temporarily suspended oil and gas leasing and permitting on federal lands and waters while it…
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Biden Announces Return to Global Climate Accord, New Curbs on US Oil Industry
U.S. President Joe Biden on Wednesday announced America's return to the international Paris Agreement to fight climate change…
