Wolgodeminoil, the joint Russian-German joint venture between Wintershall Dea and RITEK, a subsidiary of Lukoil, is to become wholly owned and solely operated by RITEK. Wintershall Dea transferred its 50% interest on the 27th May. The transfer has been confirmed by the Russian Federal…
Mitsubishi Power Americas Inc, and Texas Brine Company LLC have signed an agreement to develop large-scale long-duration hydrogen storage solutions to support decarbonisation efforts across the eastern US. Long-duration hydrogen storage is a key enabling technology for the transition to a net zero carbon…
London’s ‘Golden Age’ as Europe’s Financial Centre Has Ended: NatWest Chairman The City of London’s ‘Golden Age’ as Europe’s financial capital is over following Brexit, but it will remain a major and profitable centre, NatWest bank chairman Howard Davies said on the 18th May. …
CAC taps Beecher Carlson again for power and renewables expertise CAC Specialty has added a further 14 power and renewable energy focused staff from rival Beecher Carlson to its fast-growing natural resources (NR) team. LSM adds to war and terrorism team with AGCS’ Humphries…
Commonly associated with water via hot springs, geysers, or plumes of steam, geothermal energy relies on underground heat. A Canada-based firm has developed geothermal technology that removes water from the equation, potentially expanding where the renewable resource can be tapped. “Geothermal, derived from its…
Through its local company Caspian Proger, Italian engineering and management company Proger has signed a five-year framework agreement with the North Caspian Operating Company (NCOC) for operations on the Kashagan project in Kazakhstan. The agreement, with an estimated amount of up to US$20 million,…
Equinor, RWE Renewables, and Hydro REIN have agreed to collaborate on an offshore wind project in Norway. They plan to submit an application to the authorities to develop a large-scale, bottom-fixed wind farm in the Sørlige Nordsjø II area in the Norwegian North Sea….
Zinc-based technologies are emerging as a viable energy storage alternative to overcome the limitations of lithium-based batteries, states Morgan Frederick, manager of the International Zinc Association’s Zinc Battery Initiative. In a column published by North American Clean Energy, Mr Frederick lists the limitations of…
Royal Dutch Shell must reduce CO2 emissions of the Shell group, its suppliers, and customers through group policy by end 2030 to 45% net compared to the 2019 level, the district court of The Hague ordered on the 26th May. This warrant was issued…
The Biden administration is working with pipeline companies to strengthen protections against cyberattacks following the Colonial Pipeline hack and will announce actions in coming days, the Department of Homeland Security (DHS) said on the 25th May. The Transportation Security Administration (TSA), a unit of the DHS, “is coordinating…
