French and Benelux stocks: Factors to watch
Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. The Dutch government announced that it has completed the sale of a part of its ABN AMRO shareholdings. Issued 500 million euros ten-year maturity bond. The company said it would upgrade the APM system at Las Vegas Harry Reid Airport.
Carbon Capture & Storage: A New Lease of Life for Submarine Pipelines?
Since 2019, hydrogen and carbon capture and storage (CCS) have risen up the political agenda, globally, offering a route to decarbonization, as well as (more recently), increased energy security. Many are eying use of existing pipeline to make both happen. Elaine Maslin takes a look.Hydrogen…
Energy Charter Treaty Talks: EU to Seek Fossil Fuel Phase-out
The European Union's executive will push for a 10-year phase-out of the protection for fossil fuels under an international energy treaty, following calls from some countries to quit the accord unless it can be aligned with Europe's climate goals.The more than 50 signatories to the Energy Charter Treaty will next month resume talks to update the agreement…
Prysmian's Cables for Hollandse Kust Zuid III and IV Offshore Wind Farm
Prysmian Group, Italian marine cable installation company Prysmian, has finalized a contract for a project awarded by offshore wind farm developer Vattenfall.The contract is for the provision of the subsea inter-array cable systems for the Hollandse Kust Zuid III and IV offshore wind farm in The Netherlands…
Dutch Offshore Wind Grid Borssele Alpha Ready
The Dutch government announced that construction has been completed of the first large offshore “socket”, or substation, that will connect 700 MW of energy from wind turbines in the North Sea to the mainland.Borssele Alpha, TenneT’s first and at the same time largest connection system for…
Transition to a Hydrogen Future Has Begun
There is a growing international consensus that clean hydrogen will play a key role in the world’s transition to a sustainable energy future, said Noé van Hulst, who chairs the High-Level Advisory Panel for the International Energy Agency (IEA)’s forthcoming hydrogen study.Hulst, the Hydrogen Envoy for the Ministry of Economic Affairs & Climate Policy…
Tennet: EIA for Offshore Wind Farm
Tennet has commissioned Arcadis and Pondera to carry out an environmental impact assessment (EIA) work and permit applications for grid infrastructure for the planned 4GW Ijmuiden Ver offshore wind farm.Arcadis and Pondera said in a joint press release that the two subsea high-voltage connections…
Shell Bids to Build Dutch Offshore Wind Farms
Royal Dutch Shell has teamed up with energy company Eneco and builder Van Oord in a bid to build two wind farms in the Dutch part of the North Sea, the companies said on Wednesday.The tender for the wind farms, with total capacity of 750 megawatts (MW), is open until March 14 for bids that require no subsidies on electricity prices.The Dutch were among the f
Groningen Gas Production Falling Faster Than Planned
Gas production at the Groningen field in the north of the Netherlands is falling faster than planned, the Dutch government said on Friday.Output at the field will fall to 15.9 billion cubic metres (bcm) in the year ending October 2020, the government said, which is 1.5 bcm lower than originally planned.The Dutch government last year said it would end product
TenneT, Vattenfall Pact on Hollandse Kust Zuid
European transmission system operator TenneT Holding and offshore and wind farm developer Vattenfall have signed agreements for the offshore grid connection for the Hollandse Kust Zuid I and II wind farms.The agreements concern the realisation of the connection and the transmission of electricity…
Groningen Gas Production Pared
The Dutch government on Wednesday confirmed plans to gradually scale back production at the Groningen gas field, beginning with a reduction to 19.4 billion cubic meters (bcm) in the current 2018-2019 year that began in October.In a statement, the government confirmed a draft plan announced in August which will see production falling to below 12 bcm by Octobe
Offshore Test of New Installation Technology Successful
The Carbon Trust and Fistuca, in conjunction with industry partners announced the successful completion of the offshore trial of the Fistuca BLUE 25M hammer as part of the Offshore Wind Accelerator BLUE PILOT project.The industry partners include E.ON, EDPR, EnBW, Equinor, Ørsted, Shell, Sif, SSE, Van Oord, and Vattenfall.
Powering Ships with Plastic in Amsterdam
In the Port of Amsterdam, a new factory is being built that could revolutionize the way we dispose of plastic waste. Utilizing groundbreaking technology, the facility will use previously unrecyclable plastic to create fuel for diesel powered cargo ships. The group behind the facility is Bin2Barrel…
Dutch Government to Slow Gas Production at Small Fields
The Netherlands will slow down production at smaller natural gas fields in coming years and halt the search for new fields on land as extraction from the vast Groningen field is phased out, the Dutch government said on Wednesday.The government decided in March to wind down output at the Groningen field…
Dutch Government to Shut Two Coal-fired Energy Plants by 2024
The Dutch government on Friday said it will close two of the five coal-fired energy plants in the Netherlands by 2024, in the first step towards its earlier announced goal to shut them all down by 2030.Economy minister Eric Wiebes said he will draft a law forbidding the use of coal for electricity…
Shell Writes Off Groningen Gas Field on Dutch Phase-out
Royal Dutch Shell said on Thursday it would write down its reserves in the Groningen gas field, one of Europe's largest, following the Dutch government's decision to phase out production by 2030.The Anglo-Dutch company holds a 50 percent stake in the field, which has seen production reduced in recent years following a series of damaging earthquakes.Shell sai
Netherlands to Halt Gas Production at Groningen by 2030
The Dutch government said on Thursday it will phase out gas production at the Groningen field, once Europe's largest, by 2030 as part of efforts to reduce the danger caused by small but damaging earthquakes. Production is set for 21.6 billion cubic metres (bcm) this year, already down from a peak of 53.8 bcm in 2013…
Netherlands to Allow New Offshore Wind Investments
The Dutch government on Tuesday said it will allow five new offshore wind turbine farms capable of producing 7 gigawatts (GW) of electricity in the 2024 to 2030 period. The Netherlands is lagging other European countries in renewable energy investments and has launched a programme to speed up renewable energy projects…
Germany's EWE Presents Plan for Cut in Dutch Gas Use
German energy company EWE has presented a plan to reduce its use of gas from the Dutch field at Groningen by 1.7 billion cubic metres (bcm) annually, the Netherlands' Economic Affairs Ministry said on Wednesday. EWE's plan involves converting higher calorific gas from Russia or Norway to the low-calorie gas its infrastructure is built for.
Sharp Contrasts in Markets Impact Van Oord
The year 2017 was dominated by the difficult market conditions in the dredging and oil & gas sectors, says Pieter van Oord, CEO, Van Oord, the Dutch contracting company that specializes in dredging and land reclamation. The global contractor specialising in dredging, marine engineering and offshore projects (oil…