Saipem and Siemens Energy’s floating concept will be based on a proven semisubmersible substructure
wind
Posted inEnergy Transition
Eni targets 10-GW solar, wind projects in Egypt
Italian oil major Eni has announced plans to carry out several solar and wind power projects with a capacity totaling 10GW in Egypt over the upcoming years, according to a press release published August 30. During a recent meeting, Egyptian President Abdel Fattah El-Sisi and Eni CEO Claudio Descalzi discussed Egypt’s vision to become a […]
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Posted inProducts & Services
An expenditure splash of $810 billion is expected for the offshore wind industry this decade
The cumulative installed capacity of global offshore wind projects climbed to 33 GW in 2020
Posted inDRILLING & PRODUCTION
Commercial development of gas hydrates likely to remain limited due to the emergence of renewables
Gas hydrate extraction is extremely challenging, specifically as other energy sources become more accessible
Posted inProducts & Services
Oil and gas industry has ‘historic opportunity’ to push for sustainable future: UK minister
$15 trillion-worth of investment expected to be made in new power capacity globally by 2050
Posted inProducts & Services
Oil and gas majors plug billions into the energy transition, yet significant investment gap remains
CMS report reveals the world’s top 15 oil and gas majors are currently investing 3% of capex budgets into renewables