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Pressure piles on for “demonstrable progress” on BBB clean energy provisions as deadlock continues
More than 60 diverse stakeholders have written to Senator Majority Leader Chuck Schumer and House Speaker Nancy Pelosi calling for "demonstrable progress" this month on Build Back Better's $555bn in clean energy and climate provisions.
REM: Siemens Gamesa see its value drop nearly 50% in 12 months, CEO out
Original equipment manufacturers in the wind industry are facing a rocky road because of cost pressures and the pandemic. This means a slashing in their value and, in the case of Siemens Gamesa Renewable Energy, a toppling of their CEO.
Demand for vessels large enough for offshore wind projects will outpace supply by 2024
Super-sized offshore wind turbines are becoming the norm, and they will require new or upgraded vessels to install them. By 2024, demand for suitable vessels will outpace supply and installation of projects may become a “headache,” says Rystad.
Norway to launch 1.5-GW offshore wind tender in 2022, while UK selects first offshore wind project to help stabilise the grid
Norway will launch a licensing round for offshore wind turbines in the southern North Sea later in 2022. Meanwhile, for the first time the UK grid operator has selected an offshore wind project to help stabilise the grid.
Influential activist hedge fund starts new ETF to invest in energy transition
Engine No. 1, the hedge fund that went after ExxonMobil over the issue of climate change, is launching a new actively managed exchange-traded fund that will back companies that will drive and benefit from the energy transition.
Scottish wind industry could more than triple in size by 2030, says trade group
Scotland’s wind industry could increase by 231% by 2030, according to Scottish Renewables’ third annual 'Supply Chain Impact Statement' report.
Biden extends solar tariffs but allows far more cells to be imported duty-free
President Joe Biden is extending tariffs on imported solar products first imposed in 2018 during the Trump administration but will allow more cells to enter duty-free, a decision welcomed by project developers but not US solar manufacturers.
DOE awards $25mn for testing wave energy technology at Oregon State University
The US Department of Energy has awarded $25mn to eight groups for the testing of wave energy technologies at Oregon State University’s PacWave South facility off the central Oregon coast near Newport.
CIP to lead massive green hydrogen project in Spain backed by wind and solar
Copenhagen Infrastructure Partners has announced a partnership with Spanish companies Naturgy, Enagás and Fertiberia and Vestas, the wind turbine manufacturer based in Denmark, for a massive green hydrogen facility.
Ukraine experiences a crypto boom
Ukraine’s crypto industry is booming and grew by five times in 2021, according to Deputy Minister of Digital Transformation Alexander Bornyakov, Ukraine Business News reported on February 9.
Iraq’s Saudi move may spell end of Iran’s energy supply monopoly
Moldova joins Ukraine in unplugging from Russia’s power grid
Bulgargaz left without money, new management says
YPFB reports major gas find in Margarita-10 well
Bolivia’s national oil company YPFB has announced a major natural gas discovery in the Margarita-10 well.
Aramco considers share sale as downstream deals continue
Karoon to buy carbon offsets for Baúna from Shell subsidiary
Karoon Energy (Australia) has arranged to acquire carbon credits to offset future greenhouse gas emissions from its development operations at Baúna, an offshore oilfield in the Santos basin offshore Brazil.
Rial gains and Tehran unveils missile as final nuclear deal revival talks begin
US senators left shocked by classified briefing from Biden administration officials on “breakout time” standing between Iran and having enough fissile material for a nuclear weapon.
News out of Namibia
Shell’s discovery at Graff-1 has inspired excitement about the potential of Namibia’s offshore zone.
Bayphase consultancy to review Yellowtail FDP
Guyana’s government has named Bayphase Ltd, a UK-based consultancy, as the winner of a contest for the right to review and evaluate the $9bn field development plan for ExxonMobil's Yellowtail project.
Shell outlines QGC drilling plans
Royal Dutch Shell has unveiled plans for the next phase of onshore gas development in Queensland, Australia, alongside its partners in the QGC joint venture.
Crescent Point reportedly seeks to sell assets
Canadian light oil producer Crescent Point Energy is reportedly seeking to sell some of its assets in Alberta and Saskatchewan.
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