The global offshore wind construction vessel fleet count has been boosted by the recent delivery of two jack-ups (WTIVs) built by Chinese group Shanghai Zhenhua Heavy Industries (ZPMC) for conglomerate China Communications Construction Company (CCCC).
Discussions are “advanced” for syndicated tranches of loans from African, Asian and Chinese lenders, among others, for the conduit that will carry 216,000 barrels of oil a day from Ugandan fields for export, she said.
Xinjiang Goldwind Science & Technology Co., the largest wind-turbine maker, said profit plunged as a price war continues to offset some of the benefits of China’s surge in clean energy investment.
The European Union launched a wind power package on Tuesday to counter the growing influence of China and spur its own industry, as the bloc focuses more firmly on China as the biggest threat to its clean-tech industry.
The European Union will pledge to prop up its wind industry in the face of toughening global competition, supply-chain bottlenecks and financing concerns to ensure that the bloc can meet ambitious climate and sustainable growth plans.
“Shifting business models toward greener activities is about more than being virtuous for the sake of the planet,” says BNEF’s Michael Daly. “There’s a huge financial opportunity for companies that help drive the energy transition.”
Saipem expects the offshore commissioning and start up of the FPU to take place in the fourth quarter of 2025.
“As a result, market confidence in South Africa’s utility-scale public procurement appears too low to underpin industrial and inclusive development on its own,” the report said.
A pragmatic approach based on alliances with established European contractors is the best way to learn quickly.
“We think JKM-TTF spreads will turn negative for the autumn shoulder season,” says Jake Horslen, senior LNG analyst at Energy Aspects.
The number of rigs active in the US has fallen, down by 72 since the November 2022 peak.
“The successful commissioning of the Enping 15-1 oilfield CCS demonstration project will strongly support the company’s efforts in increasing reserves and production and pursuing green and low-carbon development,” said CEO Zhou Xinhuai.
In the 1980s, local divers began to explore a fishing spot west of Sumatra and uncovered artefacts from a long-lost wreck.
China could replace Europe as the world’s balancing market, according to Shell’s vice president of energy marketing Steven Hill, speaking at the firm’s LNG outlook earlier this year.
The facility will be the largest liquefaction unit in the world using a single electric motor-driven mixed refrigerant compressor.
Wind power industry growth dropped to the lowest in three years in 2022, hit by rising costs and shifting government policies.
In the year since Russia invaded Ukraine, roiling energy markets across the globe, China’s appetite for Moscow’s oil, gas and coal has grown apace, with imports rising by more than half.
China is likely to install nearly three times more wind turbines and solar panels by 2030 than it’s current target, helping drive the world’s biggest fuel importer toward energy self-sufficiency, according to Goldman Sachs Group.
Russian exports of discounted crude and fuel oil to China have jumped to record levels as the re-opening of the world’s biggest energy importer gathers pace after the dismantling of Covid Zero.
A rush by China to sign new long-term liquefied natural gas (LNG) deals promises to give the nation even more control over the global market at a time when competition for cargoes is booming.
More investments in liquefaction is needed to head off a supply-demand gap that the company sees emerging in the late 2020s. Last year, the company put this supply-demand gap opening up by mid-decade.
Chinese leader Xi Jinping pledged to deepen ties with Tehran after meeting Iran’s President Ebrahim Raisi in Beijing, weeks after the US said it would increase pressure on China to stop buying Iranian oil.
The levelised costs of electricity (LCOE) for utility solar and onshore wind in Asia Pacific were up 16% and 12% respectively since 2020, as equipment, construction costs and interest rates rose in the region. However, China was insulated from the trend.
China is looking for shipments of liquefied natural gas (LNG) into next summer, a move which could tighten global supply and steal shipments away from Europe.
Two months after Chinese President Xi Jinping visited Saudi Arabia, Hong Kong’s leader John Lee has followed in his footsteps by taking a sizeable entourage to the kingdom.