energy transition
bp Energy Outlook: Two main scenarios see 2025 oil peak, rapid renewables growth
bp expects oil demand to peak next year and wind and solar capacity to grow rapidly in both of the two main scenarios in its annual Energy Outlook, a study of the evolution of the global energy system to 2050 the company published on Wednesday.
Japan builds gas markets in Asia to boost LNG trading, energy security
Japanese companies—foreseeing a growing surplus in stocks of liquefied natural gas (LNG) as their demand for the fuel wanes in coming years—are scrambling to invest in regional markets to provide potential outlets to sell the gas.
Shell, TotalEnergies, bp, Mitsui & Co. take 10% stakes in ADNOC's Ruwais LNG project
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has met with the heads of global energy companies to exchange views on the future of the energy sector and the UAE's commitment to ensuring a sustainable future through the adoption and implementation of latest innovations, as well as the pursuit of international collaboration.
Norway keen to explore hydropower, CCS projects in Indonesia
Norway is seeking to form a stronger partnership with Indonesia and explore investment opportunities in renewable energy such as hydropower, and carbon capture and storage (CCS).
Australian regulator warns east coast to face gas shortage by 2027
Australia's east coast could face gas shortages from 2027, a year earlier than initially forecast, the country's competition regulator said on Friday, as it called for an urgent need to develop new sources of production and supply.
BASF and ENGIE sign long-term biomethane purchase agreement in Europe
BASF and ENGIE signed a 7-yr biomethane purchase agreement (BPA). Under the BPA, ENGIE will supply BASF with 2.7-3 terawatt hours of biomethane throughout the term of the agreement.
UECC chooses Titan for major liquefied biomethane deliveries
United European Car Carriers (UECC) and Titan Clean Fuels (Titan) are collaborating on a series of major liquefied biomethane (LBM) bunkering operations in the Port of Zeebrugge.
TES, Itochu Corp. team up for decarbonization efforts via e-NG
TES announced a strategic collaboration with Itochu Corporation aimed at driving forward the adoption of e-NG to decarbonize hard-to-abate sectors.
New DNV survey highlights oil and gas sector paradox
The latest DNV survey, “The Paradox of Petroleum—How the oil and gas sector is transforming through uncertainty,” gathered insights from nearly 450 senior oil and gas professionals to examine rapidly evolving trends and the near-term outlook for the sector.
Shell to build carbon capture and storage projects in Canada
Shell announced the final investment decision (FID) for Polaris, a carbon capture project at the Shell Energy and Chemicals Park, Scotford in Alberta, Canada. Polaris is designed to capture approximately 650,000 tpy of CO₂ from the Shell-owned Scotford refinery and chemicals complex.
EU approves $3.2 B in German hydrogen pipeline support
The European Commission has signed off on about €3 B ($3.2 B) of planned German state aid for building a system of hydrogen pipelines known as the Hydrogen Core Network.
Heidelburg Materials, Linde start construction on large-scale carbon capture facility
Heidelberg Materials and Linde have started construction of one of the world’s first large-scale carbon capture facilities in the cement industry.
Electrolyzer projects rise but hydrogen demand remains a concern
Global development of hydrogen electrolyzers rose 4% in the last six months to 1.2 TW as some 55.2 GW of new projects were added.
Fossil fuel use, emissions hit records in 2023
Global fossil fuel consumption and energy emissions hit all-time highs in 2023, even as fossil fuels' share of the global energy mix decreased slightly on the year, the industry's Statistical Review of World Energy report said.
Wood Mackenzie: E-fuels offer long-term solution to key energy transition transport sectors, but journey needs to start now
The widespread development and use of synthetic fuels is still at least a decade away and depends on the successful deployment of other technologies, but companies that position themselves now are best positioned for success, according to the latest “Horizons” report by data and analytics company Wood Mackenzie.
TECO 2030, BLOM Maritime and Samskip receive ENOVA grant to retrofit Samskip LNG Vessel with fuel cells and hydrogen fuel
TECO 2030 together with BLOM Maritime and Samskip receive a grant for a pre-project aiming to retrofit Samskip’s vessel Kvitnos with TECO 2030 fuel cells and H2 fuel.
CO2next project achieves important milestones for developing a liquid CO2 terminal in Rotterdam
CO2next aims to build a liquid CO2 terminal at the Maasvlakte in the port of Rotterdam, that can be used by customers not connected to a CO2 pipeline to ship liquid CO2.
DNV and Petronas CCS ventures collaborate to enable CCS value chains across SE Asia
DNV and PETRONAS’ wholly-owned subsidiary, PETRONAS CCS Ventures Sdn Bhd (PETRONAS CCS Ventures), have recently signed a Master Price Agreement for the certification of carbon dioxide (CO2) storage sites and associated facilities for carbon capture and storage (CCS) projects in Malaysia.
Siemens accelerates hydrogen ramp-up with generative artificial intelligence
To accelerate the hydrogen ramp-up, the technology company Siemens will be supporting companies in the hydrogen industry with software tools based on generative artificial intelligence.
Bio-CNG-fueled fleets in California (U.S.) achieved carbon-negativity for fourth straight year
The Transport Project (TTP) and Coalition for Renewable Natural Gas (RNG Coalition) – with partner California Renewable Transportation Alliance – announced that California fleets fueled with bio-CNG achieved carbon-negativity in their transportation operations last calendar year for the fourth straight year.
Nu:ionic Technologies, XRG Technologies announce a novel electrified furnace platform for low-carbon hydrogen production
Nu:ionic Technologies and XRG Technologies announced a jointly-developed novel electrified furnace platform for low-carbon hydrogen production.
Shell awards Ceres contract for phase 2 of SOEC module to produce green hydrogen
Ceres has been awarded a further contract for the second phase of its collaboration with Shell, to cooperate in the design of a solid oxide electrolyzer (SOEC) module, for use in large-scale industrial applications such as synthetic fuels, ammonia and green steel.
Japan, EU agree to work on creating hydrogen demand and supply
Japan and the European Union agreed to work together on policies related to creating demand and supply for clean hydrogen as well as to cooperate in advancing technologies to develop the new fuel
Goldman Sachs: Global LNG market to grow by 50% by 2029
Growth in oil investment shows signs of peaking in non-OPEC countries, while investment in liquified natural gas (LNG) is expected to increase more than 50% by 2029, according to Goldman Sachs Research.
German cabinet approves bill to accelerate hydrogen power expansion
Germany's cabinet approved a bill to fast-track the construction of hydrogen infrastructure, import and production facilities as Berlin bets on the fuel to help decarbonize Europe's biggest economy.
Air Products plans hydrogen refueling stations network in California (U.S.)
Air Products announced it intends to build a network of permanent, commercial-scale, multi-modal hydrogen refueling stations stretching from Northern California to Southern California (U.S.).
Southeast Asia's $220-B gas expansion plans to boost power/LNG capacity
Southeast Asia has more than $220 B in projects that could raise Southeast Asia's gas-fired power capacity by more than 100 GW, doubling the current level, and raise LNG imports into the region by 80%.
China plans CO2 emission cuts in key sectors by 1% of 2023 level
China aims to reduce the carbon dioxide emissions of key industries by an amount equivalent to about 1% of the 2023 national total through efficiency gains in everything from steel production to transportation.
Veolia, Waga Energy and ENGIE collaborate to develop renewable natural gas industry in France
With the growing need to develop local, low-carbon energies, Veolia, a leader in bioenergies, Waga Energy, a global expert in the production of renewable natural gas (RNG) from landfills, and ENGIE, a world leader in low-carbon energy and services, have created an unprecedented partnership to take a significant step forward in the development of the RNG industry in France.
Ohmium selected to provide 10-MW PEM electrolyzers for green H2 project in Croatia
Ohmium International was selected to equip the first green H2 project in Croatia with a PEM electrolyzer.
- Japan's Mitsubishi to acquire stake in Petronas LNG plant
- McDermott awarded Rovuma LNG Phase 1 FEED contract in Mozambique
- Fincantieri LNG-powered Star Princess launched in Monfalcone
- Wood leads industry project to accelerate CCUS with guidelines for CO2 specifications
- Picarro launches handheld solution for natural gas leak investigation and closed-loop leak management
- Picarro launches handheld solution for natural gas leak investigation and closed-loop leak management
- Fincantieri LNG-powered Star Princess launched in Monfalcone
- Sonatrach, Saudi Aramco raise prices for LPG by 3%–4% in October
- Amarinth secures $1-MM order of API 610 pumps for Coral North FLNG project in Mozambique
