Abu Dhabi bank first out of the blocks to target emissions
FAB is aiming to reduce scope one to three emissions in the oil and gas sector by 7 to 15% by 2030, from a 2021 baseline.
Hydrogen
Risk of ‘wishful thinking’ on hydrogen as demand likely to outstrip supply
New analysis suggests the UK’s hydrogen targets may fall short of what is needed to decarbonise the power sector, while the supply gap could impact other industry plans to slash emissions.
Mauritania signs green hydrogen MoU with German focus
Infinity Power's Mansour said the project would provide "clean renewable energy to the region and the "entire continent of Africa".
Carbon capture and e-fuels the talk of CERAWeek
The demonstration project will use DAC or CO2 captured from industrial emitters. Santos aims to use its existing infrastructure to “generate, liquefy and export” e-methane to Japan.
Report: Vague government policy risks hampering UK’s hydrogen pipeline
A new report is warning that political instability and a lack of government clarity around support could stunt the rollout of hydrogen projects in the UK.
US’ IRA major pull for Topsoe’s energy transition interest
The challenge over the next 10 years will be in scaling up SAF production. Green hydrogen production is relatively niche, as yet. “A lack of green power and electrolysis capacity, this will not make a dent” in the projected SAF demand.
H2 Green appointment key for hydrogen projects in Inverness and beyond
H2 Green, the firm developing a green hydrogen network in Inverness to decarbonise transport systems, has a new chairman.
Eni, Adnoc agree to clean energy co-operation
Eni said the companies may work together in renewable energy, blue and green hydrogen, carbon capture and storage (CCS), tackling methane emissions and other areas.
Cepsa sells down Abu Dhabi interests to Total
Cepsa said the sale was intended to allow it to focus on its Positive Motion strategy. This will make Cepsa a leader in sustainable mobility, biofuels and green hydrogen in Spain and Portugal, it said.
Essar puts UK low carbon opportunity at heart of $3.6bn investment
Essar said hydrogen and biofuels are becoming globally significant fuels. “The UK is positioned strongly to spearhead the rapid growth of the European low carbon fuels market,” it said. “The UK already benefits from an advanced regulatory and policy framework to support low carbon energy production”.
Investors eager for clean tech risk, despite challenges
Shell Ventures principal Bilal Ahmad said he saw more opportunity in “clean energy than I see in oil and gas. As a venture fund, we’ve ceased investing in oil and gas. It doesn’t make sense, from a returns perspective.”
‘Massive disconnect’ between transition policy and fiscal system, says OEUK
The UK’s offshore trade body said that the government’s energy transition ambitions do not match up with the ‘unpredictable’ fiscal policies surrounding oil and gas.
India faces up to its energy challenges
Competitive manufacturing centres are needed to ensure the cost of low-carbon technologies continues its precipitous fall over the past decade.
Hyphen signs MoUs for full first phase capacity
Hyphen has set out a plan to produce 1 million tpy of green ammonia by 2027. It then aims to scale up output to 2mn tpy by 2029.
Unlocking the hydrogen economy through hydrogen valleys
Once the right opportunities have been identified, achieving critical mass in terms of volumes is crucial for the economic feasibility of the valley.
Omnia signs up to decarbonise ammonia with PNE
The statement noted that green ammonia produced domestically would reduce South Africa’s reliance on imports and the strain on its overburdened rail network.
Green hydrogen firm ITM Power to trim headcount after ‘unacceptable financial performance’
ITM Power (LON: ITM) is to reduce its headcount after an “unacceptable financial performance” by the green hydrogen electrolyser manufacturer in recent times.
Baker Hughes teams up with FFI on geothermal and green hydrogen
Oilfield services giant Baker Hughes (NASDAQ: BKR) has signed a pact with Australia’s Fortescue Future Industries (FFI) to jointly explore development of green hydrogen and geothermal energy.
Shell, Total appraisals under way off Namibia
Shell spudded the Jonker well in December. “I’m not saying anything apart from to say it is going well, it is going very well,” Shino said to applause.
Sasol, Sonatrach team up for green hydrogen work
Sasol and Sonatrach have teamed up to work on the production of low-carbon hydrogen and synthetic gas in Sicily.
Scottish energy storage firm Gravitricity appoints Gneiss to lead £40m funding drive
Gravitricity has selected corporate finance specialists Gneiss Energy to spearhead a £40 million funding drive.
Sasol signs up green power at Secunda, Sasolburg
Sasol said it was committed to cutting its emissions by at least 30% by 2030 and that green hydrogen would play a key role in transforming South Africa’s economy.
Net Zero Nudge 03: building efficiency and decarbonisation
The UK must face up to the challenge of heating housing in low carbon ways, or will fail the legally binding 2050 net zero target. There are three main technologies for decarbonising domestic heating – heat pumps, hydrogen boilers and heat networks.
Investors could ‘withdraw’ from Acorn CCS project over delays – Matheson
Meanwhile the UK Government has pledged an update on Track 2 - part of its £1bn carbon capture fund - in spring.
Shares in hydrogen firm ITM Power dip on latest profit warning
Shares in London-listed ITM Power (LON: ITM) fell on Monday after the green hydrogen firm issued its third profit warning in eight months.