Susanna News

Wind power production outpaced gas plants in Europe for the first time last year as fossil fuel electricity generation plummeted, cutting the region's carbon emissions, data from think-tank Ember showed.Europe is ramping up its renewable electricity generation as part of efforts to wean the bloc off Russian fuels and to help meet its climate goal of net zero emissions by 2050.Europe's fossil fuel power generation fell by a record 19% year-on-year in 2023, with gas-fired electricity production down 15% and coal electricity production down 26% the report by Ember showed.At the same time wind pow

Several shipping companies and a few liquefied natural gas (LNG) tankers have decided to avoid the world's main East-West trade route, following attacks launched by Yemen's Houthi group on commercial ships at the southern end of the Red Sea.The attacks raised the specter of another bout of disruption to international commerce following the upheaval of the COVID pandemic, and prompted a U.S.-led international force to patrol waters near Yemen.IS THE RED SEA ROUTE IMPORTANT FOR…

Governments have decided to pay up to revive offshore wind farm developments after rising costs put at risk multiple projects that are needed to help them cut emissions and reach climate targets.Many countries are relying on a huge and rapid build-out of offshore wind farms which have high upfront costs but over the longer term can provide cheaper energy than fossil fuel plants.But some countries' wind power capacity targets started to look unrealistic this year after developers cancelled projects in the U.S.

After a bumper year for floating offshore wind farm tenders, the nascent industry is poised for explosive growth in the coming decade as countries strive to cut their carbon emissions. But it's unlikely to be all plain sailing. Rising costs and supply chain bottlenecks have hit some projects and without investment in infrastructure to launch the vast turbines and tow them to sea, hopes of harnessing the full power of the ocean's winds to hit climate targets could be dashed, industry experts say.

Britain’s National Grid, which operates the Isle of Grain liquefied natural gas (LNG) terminal said it is seeking to understand if a block on Russia-related vessels, announced by the British government on Monday, includes LNG shipments.Britain on Monday ordered its ports to block any vessels that are Russian-flagged or believed to be registered, owned or controlled by any person connected with Russia as it ratcheted up the pressure on Moscow.“We are supportive of government action to order UK ports to block all Russian-linked ships, and are seeking to understand if this includes LNG terminals

A potential invasion of Ukraine by neighboring Russia would be felt across a number of markets, from wheat and energy prices and the region's sovereign dollar bonds to safe have assets.Below are four charts showing where a potential escalation of tensions could be felt across global markets:Safe havensInflation at multi-decade highs and impending interest rate rises have made for a bad month for bond markets, but an outright Russia-Ukraine conflict could change that.Two-year U.S.

Sky-high European demand drove U.S. liquefied natural gas (LNG) exports to a record in December, Refinitiv data showed, with winter supply worries set to sustain orders for the fuel.About half of the record U.S. LNG volumes shipped last month went to Europe, up from 37% earlier in 2021, data from Refinitiv and the U.S. Energy Information Administration showed.The gains reflected soaring demand for the home heating and industrial fuel that pushed prices in Europe and Asia to record highs.

Shipping will be included in Europe’s emissions trading system (ETS) and costs for polluters are set to rise under Brussels’ plans to meet the European Union’s climate targets, the European Commission said on Wednesday.The EU ETS, which forces emitters to pay for each tonne of carbon dioxide they generate, is the keystone of an EU drive to cut net greenhouse gas emissions by 55% from 1990 levels by 2030.Manufacturers, power firms and airlines operating flights inside Europe are already covered by the scheme but…

Oil major Shell has signed a five-year contract with PetroChina to supply the Chinese company with carbon-neutral liquefied natural gas (LNG) cargos, Shell said on Monday.Many companies, particularly those in the fossil fuel industry are using tools such as carbon offsets to compensate for emissions they are unable to cut in their operations.For each cargo delivered under the agreement the two companies will "cooperate to offset life-cycle carbon dioxide equivalent (CO2e) emissions generated across the LNG value chain, using high-quality carbon credits from nature-based projects," Shell said.N

When U.S. President Joe Biden’s administration approved the country’s first major offshore wind farm this month, it billed the move as the start of a new clean energy industry that by the end of the decade will create over 75,000 U.S. jobs.Industry executives and analysts do not contest that claim, but they make a clarification: For the first several years at least, most of the manufacturing jobs stemming from the U.S. offshore wind industry will be in Europe.Offshore wind project developers plan to ship massive blades, towers, and other components for at least the initial wave of U.S.

In January, Occidental Petroleum announced it had accomplished something no oil company had done before: It sold a shipload of crude that it said was 100% carbon-neutral.While the two-million-barrel cargo to India was destined to produce more than a million tons of planet-warming carbon over its lifecycle, from well to tailpipe, the Texas-based driller said it had completely offset that impact by purchasing carbon credits under a U.N.-sponsored program called CORSIA.Carbon credits…

The European Union is considering a plan to increase its offshore wind energy capacity five-fold this decade and 25-fold by 2050, as it seeks to become climate neutral by mid-century, according to a draft policy.The 27-nation EU, which is already home to 42% of the world's offshore wind capacity, says the technology now produces clean power at a lower price than any fossil fuel-based source.A draft of the European Commission's strategy for offshore renewable energy, seen by Reuters and due to be published on Nov.

Shell plans to enter Britain’s offshore wind market by acquiring seabed leases or taking stakes in existing projects, despite the country's impending departure from the European Union, the head of the company's New Energies division said.Oil firms are increasingly building portfolios of clean energy projects to satisfy investor demands that they reduce their carbon footprint. Shell previously said it would spend $1 billion to $2 billion a year on green technology."We absolutely would like to get a position in the UK offshore (wind) market…

The world's largest offshore wind farm will open on Thursday off the northwest coast of England when Danish energy group Orsted unveils the Walney Extension project.The wind farm has a capacity of 659 megawatts (MW), enough to power almost 600,000 homes, and overtakes the London Array off England's east coast which has a capacity of 630 MW.Walney Extension is made up of 87 turbines built by Siemens Gamesa and MHI Vestas, and covers 145 square kilometers (55 square miles), which is equivalent to around 20,000 football pitches.The 40 eight-megawatt MHI Vestas turbines being used stand 195 meters

Tough new rules on marine fuel are forcing shipowners to explore liquefied natural gas as a cleaner alternative and ports such as Gibraltar are preparing to offer upgraded refueling facilities in the shipping industry's biggest shake-up in decades.From 2020, International Maritime Organization rules will ban ships from using fuels with a sulphur content above 0.5 percent, compared with 3.5 percent now, unless they are equipped to clean up sulphur emissions. This will be enforced…

An iceberg the size of a hill has drifted close to a tiny village on the western coast of Greenland, causing fear that it could swamp the settlement with a tsunami if it calves.The iceberg towers over houses on a promontory in the village of Innaarsuit but it is grounded and has not moved overnight, state broadcaster KNR reported.A danger zone close to the coast has been evacuated and people have been moved further up a steep slope where the settlement lies, a Greenland police spokesman told Reuters.“We can feel the concern among the residents.

Liquefied natural gas (LNG) tanker Sestao Knutsen is due to arrive at Rotterdam, the Netherlands, on June 14, Reuters shipping data showed on Tuesday.The tanker has a capacity of about 135,000 cubic metres of gas.Reporting by Susanna Twidale

U.S. conglomerate General Electric will test the world's largest wind turbine in a facility in northeast England, it said on Tuesday. GE Renewable Energy, the renewable arm of the U.S. firm, and the British government-funded Offshore Renewable Energy Catapult signed a five-year agreement to test GE's Haliade-X 12 megawatt (MW) turbine in Blyth, Northumberland. "This is an important agreement because it will enable us to prove Haliade-X in a faster way by putting it under controlled and extreme conditions," John Lavelle, president & CEO of GE's Offshore Wind business said in a statement. Britain is aiming to be a leader in offshore wind technology and its capacity could grow by five times current levels to 30 gigawatts by 2030…

The European Commission will release preliminary 2017 carbon emissions data from energy-intensive companies in Europe on April 3, it said on its website.   The data is closely watched by the carbon market and can affect carbon prices in the EU's Emissions Trading System (ETS).   It will also, for the first time, be used to calculate the total number of carbon permits in circulation to work out how many should be placed in a Market Stability Reserve - a short-term measure to beef up prices starting in 2019.   The number of carbon permits surrendered per installation for 2017 will be made available on May 2.   Reporting By Susanna Twidale

The liquefied natural gas (LNG) tanker Boris Vilkitsky is due to arrive at Rotterdam on March 8, Reuters shipping data showed on Tuesday.   The tanker, which has capacity for about 170,000 cubic metres of gas, is arriving from Russia. (Reporting By Susanna Twidale)

Statoil, Shell, DONG Energy turn to U.S. offshore wind; oil firms bring big budgets, offshore tech and risk experience. Some European oil majors have made inroads into the emerging U.S. offshore wind energy market, aiming to leverage their experience of deepwater development and the crowded offshore wind arena at home. Late entrants to the offshore wind game in Europe, which began with a project off Denmark 25 years ago and is now approaching maturity, they are looking across the Atlantic at what they view as a huge and potentially lucrative new market. Norway's Statoil has won a licence to develop a wind farm of the New York coast, is marketing its new floating turbine to California and Hawaii and is retraining some oil and gas staff to work in its wind division.

DNV GL has honoured three engineers for their scientific research with the DNV GL Award for Young Professionals. Presented by DNV GL – Maritime CEO Knut Ørbeck-Nilssen, the award is designed to find innovative ideas for increasing safety, efficiency and sustainability in shipping. Seeking to honour the best research, it aims to support young graduates in the maritime field. Overall, 25 graduates took part in this year’s competition. “With a fresh view on the most pressing challenges we face in shipping today, young professionals are a driving force in developing the innovative solutions we need to advance the industry as a whole. This…

The global shipping industry has urged the European Union to drop the sector's inclusion in proposals adopted on Wednesday to reform the bloc's carbon market, saying it risks distorting trade and international efforts to cut the sector's emissions. About 90 percent of world trade is transported by sea, with shipping accounting for an estimated 2.2 percent of global carbon dioxide (CO2) emissions and forecast to rise dramatically unless action is taken. The draft reforms of the EU's carbon market post-2020 that were adopted by the European Parliament on Wednesday could result in emissions from the shipping sector being included in the bloc’s emissions trading system (ETS) for the first time.