Harbour Energy ‘confident’ on completing Wintershall DEA deal despite German headwinds
Harbour Energy executives remain confident the company's planned takeover of Wintershall Dea will get approval from German authorities.
Harbour Energy executives remain confident the company's planned takeover of Wintershall Dea will get approval from German authorities.
The European Union is at risk of widespread backlash against its climate agenda unless politicians do more to blunt the effects of rising carbon prices on low-income households, according to the head of Germany’s Environment Agency.
Germany will allow heavy industries who don’t have other ways of cutting emissions to transport and store carbon underground, a reversal of the government’s original stance as it bolsters efforts to reach climate neutrality.
“Two or three years ago all you would hear about [from policymakers] was decarbonisation. Now, I think there’s much more balanced conversation around security of supply, affordability and decarbonisation,” Hill said.
The Leipzig-based company, controlled by EnBW Baden-Wuerttemberg AG, is the first German gas trader to reach such an agreement with the North African country, said the people who asked not to be named as the business is private.
The plan requires developers to upgrade stations to burn hydrogen sometime between 2035 and 2040
Germany wants to accelerate the expansion of offshore wind energy by removing environmental impact assessments that sometimes delay projects.
The briefing pack on the various countries often reiterated one point. “There is no conflict between sustainable development of any country’s natural resources and its commitment to climate change.”
Germany’s wind turbines are likely to produce near-record levels of power this week as strong gusts hit the country.
Beleaguered wind turbine manufacturer Siemens Energy has reportedly secured a multi-billion-euro loan deal in principle with the German Government, its top shareholder other parties in project-related guarantees.
The Scottish Government has awarded the Net Zero Technology Centre £200,000 to advance research into the feasibility of exporting hydrogen from Scotland to Germany.
ITM is now storing its stacks at the Linden site for fast delivery to customers, in addition to repair and maintenance facilities. Linden will also be the home of ITM’s global business development.
“With our European neighbours we could have a pipeline of green hydrogen to provide a clean fuel stock to German industry and coming back the other way carbon to the UK [for storage],” he said.
“BP is paying half a billion pounds per year” on its 3 GW commitment. “It will take not less than six years, although they say it will take four. No project has been developed that fast,” Gorski said.
Germany wants to lock in contracts for liquefied natural gas with a delivery obligation, an effort to deter profit-chasing traders from diverting shipments elsewhere as the nation boosts its commitment to the fuel.
Scottish Government plans could see the country supply 10% of EU hydrogen demand and create 700 jobs.
European gas prices have plunged to the lowest since mid-2021, when Russia was just beginning to squeeze supplies before its invasion of Ukraine, helping to reverse a surge in inflation and bring relief to consumers.
A cargo ship has sustained damage to the outer skin of its hull following a collision with a turbine in Orsted’s Gode Wind 1 offshore wind farm in Germany.
A group of Western European nations led by Germany and France have committed to massively ramping up the production of clean energy from wind turbines in the North Sea, to both meet climate targets and reduce their strategic energy dependence on Russia.
Shareholders in HEH include the Buss Group, Fluxys and Dow. The latter owns the land on which the group will build the regas terminal. The terminal will take industrial waste heat from Dow’s projects, allowing it to regasify LNG with minimal emissions.
Aberdeen-based Neptune Energy has committed to spending $23 million (£18.7m) on a decommissioning program in Germany.
Infinity Power's Mansour said the project would provide "clean renewable energy to the region and the "entire continent of Africa".
Germany's defence minister voiced caution on Wednesday over media reports that a pro-Ukraine group was involved in blowing up the Nord Stream gas pipelines in the Baltic Sea last year.
The report went on to say the attack required experienced divers who may have received “specialised government training” at some point.
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.