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TECO 2030 aims to build hydrogen fuel cell gigafactory in Norway

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This will be the first volume production of fuel cells in Norway and a hub for the Norwegian hydrogen industry. We combine a best-in-class fuel cell solution with a long history of being a trusted engineering partner to leading companies in the global maritime industry. —Tore Enger, CEO of TECO 2030 ASA.

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EDP, TechnipFMC and partners to develop a concept study for green hydrogen production from offshore wind: BEHYOND

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To increase the share of hydrogen in the final energy demand to enlarge the low-carbon energy sources share in the global energy mix and promote the environmental sustainability. This consortium will strengthen cooperation between Portugal and Norway and increase Portugal's competitiveness in the growth of the “blue economy.”

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EIA expects record global petroleum consumption in 2024, with lower crude oil prices

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The US Energy Information Administration (EIA) expects global consumption of liquid fuels such as gasoline, diesel, and jet fuel, to set new record highs in 2024. EIA also expects oil production in Canada, Brazil, and Norway collectively to grow 12% from 2022 to 2024, and also expects growth from new sources such as Guyana.

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H2Carrier and Anori developing PtX project in Greenland; production of green ammonia on floating platform P2XFloater

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H2Carrier AS and Greenland-based Anori A/S have signed a Letter of Intent (LOI) with the purpose of developing the first commercial wind farm in Greenland with subsequent production and export of green ammonia. The 1.5GW wind farm will supply power to H2Carrier’s floating production vessel for hydrogen and green ammonia, the P2XFloater.

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Statoil to build the world’s first floating wind farm: Hywind Scotland

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Statoil has made the final investment decision to build the world’s first floating wind farm: The Hywind pilot park offshore Peterhead in Aberdeenshire, Scotland. The decision triggers investments of around NOK 2 billion (US$238 million), realizing a 60-70% cost reduction per MW from the Hywind demo project in Norway.

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bp Statistical Review shows 4.5% drop in primary energy consumption in 2020; mainly driven by oil

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The Review captures the significant impact the global pandemic had on energy markets and how it may shape future global energy trends. Wind, solar and hydroelectricity generation all grew despite the fall in overall energy demand. Production only increased in a few countries, mainly Norway (260,000 b/d) and Brazil (150,000 b/d).

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Eni report: global oil reserves and oil production up in 2018 due to US

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The second volume, the World Gas and Renewables Review , focused on natural gas and renewables sources (solar, wind and biofuels), will be published in autumn. In 2018, global oil reserves rose slightly (+0.4%), mainly due to growth in the US. also rose in Brazil and Norway. WTI, the US light crude, covers 60% of global growth.