Energy transition to gather pace in Europe while the rest of the world lags, DNV finds

The heightened focus on energy security and the rising cost of energy is reinforcing the difference in decarbonization speed between Europe and the rest of the world, according to the sixth edition of DNV’s Energy Transition Outlook.

The post Energy transition to gather pace in Europe while the rest...

https://www.offshore-energy.biz/energy-transition-to-gather-pace-in-europe-while-the-rest-of-the-world-lags-dnv-finds/

Wärtsilä lines up first fleet decarbonisation deal for oil & gas segment in Latin America

Wärtsilä has inked “a pioneering agreement” for decarbonisation projects in the oil and gas segment in the Americas with Brazil’s Grupo CBO.

The post Wärtsilä lines up first fleet decarbonisation deal for oil & gas segment in Latin America appeared first on Offshore Energy.

https://www.offshore-energy.biz/wartsila-lines-up-first-fleet-decarbonisation-deal-for-oil-gas-segment-in-latin-america/

Asian Countries Can Smoothly Transition To Net Zero By Mid-Century?

Power system modelling by the global technology group Wärtsilä has revealed that renewable-based power systems, backed by grid balancing engines and energy storage, can enable Southeast Asian countries to reach net zero by mid-century whilst cutting the levelised cost of electricity (LCOE) by over 20%, when taking into account likely future carbon taxes, reports an article published on their website.

About the study

The modelling, published in Rethinking Energy in Southeast Asia report, simulates...

https://mfame.guru/asian-countries-can-smoothly-transition-to-net-zero-by-mid-century/

In focus: Are oil & gas plays truly becoming a thing of the past or are we not there yet?

Worldwide dependence on oil and gas has been in evidence ever since the Ukraine crisis started, casting doubt over the pace and the lengths the world is prepared to go to in order to embrace decarbonisation. While the shift to green energy investments is undoubtedly both necessary and inevitable, the current global energy security concerns have – to an extent – pushed it aside as pure oil plays have dominated the energy market and trumped low-carbon diversification so far this year. Or have...

https://www.offshore-energy.biz/in-focus-are-oil-gas-plays-truly-a-thing-of-the-past-or-are-we-not-there-yet/

In focus: Are oil & gas plays truly a thing of the past or are we not there yet?

Worldwide dependence on oil and gas has been in evidence ever since the Ukraine crisis started, casting doubt over the pace and the lengths the world is prepared to go to in order to embrace decarbonisation. While the shift to green energy investments is undoubtedly both necessary and inevitable, the current global energy security concerns have – to an extent – pushed it aside as pure oil plays have dominated the energy market and trumped low-carbon diversification so far this year. Or have...

https://www.offshore-energy.biz/in-focus-are-oil-gas-plays-truly-a-thing-of-the-past-or-are-we-not-there-yet/