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How oil and gas companies become Paris-Agreement compliant

The Carbon Tracker Initiative launched a report according to which in order to “deflate” the carbon and protect investors, oil and gas companies have to shrink, meaning that they have to combine their production by more than a third by 2040 to limit emissions, in line with the international climate targets.

Wind farms may not be able to produce the forecast power

Orsted, one of the world’s biggest developer of offshore wind farms, stated that offshore wind farms may not be able to produce quite as much power as previously forecast. This new analysis can save millions of dollars off each project, while it also serves as a warning to developers that have used similar analysis.

IEA: Offshore wind to be a $1 trillion industry by 2040

It is expected that over the next few years, offshore wind power will expand impressively, helping decarbonise energy systems and reduce air pollution, according to a new report by the International Energy Agency. Dr Fatih Birol, IEA’s Executive Director, launched the Offshore Wind Outlook 2019 on 25 October.

BP, Kosmos see major gas discovery in Mauritania

Oil major BP’s Orca-1 exploration well, which is co-owned by SMHPM and Kosmos, located in the BirAllah area in Block C8 offshore Mauritania, made a gas discovery, with the results achieving a 100% success from nine wells targeting the inboard gas trend in Mauritania/Senegal, Kosmos stated.

New York officializes nation’s largest offshore wind project

New York Governor, Andrew M. Cuomo, announced that the NY State Energy Research and Development Authority made an official agreement for two offshore wind projects that will generate a combined 1,700 megawatts of renewable energy for the state.

Brazil deploys highest number of FPSOs by 2025

Brazil continues to drive global deployment of floating production storage and offloading vessels (FPSOs), with a total of 21 planned and announced FPSOs during the outlook period 2019 to 2025, according to data and analytics firm GlobalData.

First oil from Johan Sverdrup reaches Mongstad

The first oil pumped from the giant Johan Sverdrup field in the North Sea, piped at the distance of 283 kilometres, reached the Mongstad plant, north of Bergen in Norway, where it will be stored in caverns and be shipped to markets all over the world.

Watch: First hydrogen offshore platform pilot explained

The first offshore green hydrogen plant created by the Neptune Energy , located in the Dutch field of the North Sea, includes three energy systems in one platform; offshore wind, offshore gas, and hydrogen. The following video explains how the project will be progressed, keeping in mind that it is the first project of its kind in the sector.

US announces $17 million for offshore wind projects

The US Department of Energy announced $28 million for 13 projects to advance wind energy across the US. Of these, the $17 million are committed to offshore wind development. The funding selections were announced by DOE’s Assistant Secretary for the Office of Energy Efficiency and Renewable Energy, Daniel R Simmons.

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