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While high demand spurs U.S. gas production, low-carbon and green shift set to curb emissions

The global energy crisis has put the security of supply at the top of the countries’ agenda worldwide, leading to elevated prices, tight supply and high energy demand. As a result, the U.S. Energy Information Administration (EIA) believes that the increased demand will bolster American natural gas production while accelerated electrification and more zero-carbon power …

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After worker dies in FSO explosion off Thailand, navy comes to the rescue to stave off oil spill

Following an explosion during routine maintenance, which damaged a floating storage and offloading (FSO) unit operated by a Thai subsidiary of Chevron, Thailand has ordered its navy to join the efforts being undertaken to prevent an oil spill from the vessel. FSO Benchamas 2; Source: MISC Berhad The FSO Bechamas 2, which is carrying 400,000 …

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Irish TSO seeking services for interconnector projects

Irish transmission system operator (TSO) EirGrid has launched a tender comprising five lots that seeks offshore marine support services for interconnector projects. Illustration only. EirGrid is looking for a strategic partner to provide a range of specialized offshore services, resources and consultancy advice, studies or reports, and intends to use, as necessary, a flexible third party …

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CSC: Stronger 2030/2040 targets needed to boost climate action on shipping

Governments must use the upcoming meeting of the Intersessional Working Group on Greenhouse Gases (ISWG-GHG-14) to support stronger science-based climate targets for 2030 and 2040 that are vital for shipping’s energy transition, according to Clean Shipping Coalition (CSC). Illustration; Credit: Port of Rotterdam Last year’s negotiations showed a major breakthrough on stepping up climate ambition …

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OPT widens third quarter loss

US-based marine energy company Ocean Power Technologies (OPT) has increased its net loss in the third quarter of fiscal 2023, as compared to the same period a year earlier, with revenues marking a growth. Illustration/Part of OPT’s products range (Courtesy of OPT) Illustration/Part of OPT’s products range (Courtesy of OPT) OPT’s net loss was $6.1 …

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EU’s Net-Zero Industry Act: A chance to scale up net-zero tech or missed opportunity to match US IRA?

As part of the Green Deal Industrial Plan, the European Commission (EC) has proposed new initiatives and a set of actions to scale up the manufacturing of clean technologies in the European Union (EU), including renewable hydrogen, carbon capture, and alternative fuel technologies, among others. Courtesy of the European Commission / Photo by Mauro Bottaro …

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‘Too low and too tight’ – UK industry calls on government to revise CfD budget

Following the announcement of the budget for the UK’s fifth Contracts for Difference (CfDs) allocation round (AR5), and the plan on how different renewable energy projects will compete, the renewable energy industry in the UK has warned the budget and the parameters were “too low and too tight” and that CfD Round 5 would “fail …

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