China’s announcement at the United Nations General Assembly that it will no longer build any new coal-fired power plants abroad accelerates the energy transition in Asia’s emerging markets but also raises challenges, according to a new analysis by the IHS Markit Global Power and Renewables service.
As a sector specialist, 4MS bring to market the latest, smartest solutions to everyday challenges in Offshore Oil & Gas and Renewable energy. Let’s explore the capabilities of Computer Vision and explain how IoT and AI can support your health and safety efforts by improving the monitoring of people, equipment and physical spaces.
China’s energy crisis has highlighted weaknesses in one of President Xi Jinping’s top priorities -- energy security -- that could have ramifications for the power system for years to come.
A 450-mile subsea power cable linking the UK and Norway has started commercial operations, allowing the two countries to share renewable energy, National Grid said.
The British Army has opened its first solar farm as part of a project that will help reduce greenhouse emissions and see savings of around £152 million over 10 years.
International subsea contractor Havfram, formerly Ocean Installer, is predicting a growth spurt as it gears up to make the transition from oil and gas to renewables.
The China-based Asian Infrastructure Investment Bank (AIIB) and the International Renewable Energy Agency (IRENA) have signed a memorandum of understanding committing to work together to support Asia’s energy transition and mobilise greater private capital for renewable energy. Significantly, the AIIB has been viewed in some quarters as a potential rival to the World Bank and IMF.
Trade body Subsea UK has teamed up with Strathclyde University to host a course on the technical and business aspects of the offshore renewables sector.
Leading wind energy supply chain specialist, Renewable Parts, has officially opened its new Innovation Centre in Lochgilphead, a development designed to advance the availability of circular economy parts solutions within the wind industry.
Thailand’s PTT Exploration & Production (PTTEP) is working with Netherlands-based TechnologyCatalogue.com to find novel and proven technologies to reduce its carbon (CO2) footprint.
Natural declines and underinvestment in new exploration has left Philippine oil and gas production in freefall posing significant risks to future energy security. The risk is particularly acute given how reliant the Southeast Asian nation is on oil and gas for power generation, industrial processes and transportation, warn analysts at Fitch Solutions. But interest from investors has been rekindled.
CNOOC, China’s third-largest oil company, will boost spending on renewable energy by up to 10% per year to 2025, as it eyes returns that are similar to the oil and gas business. By 2050, CNOOC is targeting at least 50% of earnings from new energy.