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What is being said about UK’s £20 bln funding for carbon capture and storage projects?

This post was originally published on this siteAs part of the UK’s 2023 Spring Budget, £20 billion (nearly $24.2 billion) funding has been unveiled to scale up carbon capture and storage (CCS) projects. The energy industry sees this funding as a way to speed up decarbonisation across the UK and step up the shift towards renewables. The

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IEA-OES: Ocean energy advancements made across the globe in 2022

This post was originally published on this siteOcean Energy Systems (OES), a technology collaboration program within the International Energy Agency (IEA), has provided an overview of key achievements and progress made in the ocean energy sector in its new annual report for 2022. The post IEA-OES: Ocean energy advancements made across the globe in 2022

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Exxon looking to offload stake in Italian offshore LNG terminal

This post was originally published on this siteExxon Mobil is planning to divest its majority stake in the Adriatic regasification terminal in Italy, reported Reuters. The move forms part of Exxon’s wider efforts to offload assets it considers ‘noncore’. Through its subsidiary ExxonMobil Italiana Gas, Exxon owns a 70.7% stake in the Adriatic liquefied natural

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