The MoU today demonstrates that “not only are we are strengthening our energy security and lowering bills for consumers in the long term, we’re unlocking huge opportunities for investment in British expertise and jobs in the process”.
Spending on low-carbon projects will increase by $60 billion this year, 10% higher than 2022, led by wind developments, but helped by a significant rise in funding for hydrogen and carbon capture, utilisation and storage (CCUS) infrastructure, Rystad Energy research shows.
The company signed a term sheet to buy LNG from Oman LNG for 10 years. The Omani project will provide Shell with 0.8 million tonnes per year, it said.
It also noted that there was scope to develop hydrogen resources within the venture. There was discussion in December, during talks between Algeria and Germany, about the possibility of transporting green hydrogen via Italian links.
We do some detecting of our own...
RWE and Equinor said they would build hydrogen power plants, as well as a pipeline to send the fuel to Germany from Norway.
Plans are in the offing to develop hundreds of purpose-built underground hydrogen stores that could help to fuel the UK’s green future.
A green hydrogen expert has responded to a Westminster report on the use of the fuel in heat networks, arguing it misses the point.
Hydrogen is not the "panacea" for reaching net zero emissions by 2050, MPs have said.
Getech has completed the first phase of development at its Inverness green hydrogen hub, clearing the site ready for new infrastructure.
A consortium of North Sea companies have launched a new initiative to create a “Hydrogen Highway” from Scotland to Rotterdam.
Unlike hydrocarbons, which produce carbon dioxide, heat and water when combusted in the presence of oxygen, hydrogen produces only heat and water. As we seek to decarbonise the UK’s energy sector one of the paths that is being explored is the use of hydrogen within a grid connected gas fired power plant in the UK.
Commodity trader Trafigura will pay out $1.71 billion in dividends to its employee shareholders, the company said today, reporting record profits for the 2022 financial year.
TAQA and Adnoc have completed the acquisition of stakes in clean energy operator Masdar, coming in alongside Mubadala Holdings.
BP has signed a memorandum of understanding (MoU) with Egypt to explore green hydrogen options.
In the search for net zero, decarbonisation of the gas network will play a central role.
RWE has signed a memorandum of understanding (MoU) with Hyphen Hydrogen Energy on the supply of green ammonia from Namibia.
Atome Energy has doubled the planned capacity of its project in Paraguay, while announcing the appointment of engineering companies to carry out design work.
Energy research and consultancy firm Westwood Global Energy Group has appointed a new director of hydrogen.
South Africa’s Public Investment Corporation (PIC) has adopted a hydrogen investment strategy as it works to attract cash to the growing sector.
Medgaz wil carry out a study in 2023 on the possibility of blending hydrogen and gas in the pipeline, which runs from Algeria to Spain.
Members of the public have been invited to have their say on the first phase of plans for a £215m hydrogen scheme planned by BP and Aberdeen City Council.
ITM Power (AIM: ITM), a manufacturer of electrolysers for the green hydrogen industry, has unveiled its new chief executive.
Prime Minister Rishi Sunak has vowed to help “turbocharge” investments in South African infrastructure, calling out green hydrogen opportunities in particular.
Air Products and Mabanaft have set out a plan to build Germany’s first large green ammonia import terminal, at the Port of Hamburg.