EU to slash Russian gas consumption in energy security move
The European Union can reduce its demand for Russian gas by two thirds before the end of 2022 and aims to eliminate this dependence entirely before 2030.
Hydrogen
H2 Green appoints director to oversee hydrogen hubs at Inverness and Shoreham
A Scottish firm has appointed an engineering director to lead its efforts to build hydrogen hubs at Inverness and Shoreham.
Japanese to invest up to €100m in world’s largest clean hydrogen fund
The Japan Bank for International Cooperation (JBIC) has pledged to invest up to €100 million ($108 million) as part of an equity participation in the Clean H2 Infra Fund S.L.P. of France. The fund, managed by Hy24, is targeting €1,500 million in equity. Significantly, Hy24 claims it is the world’s largest clean hydrogen infrastructure investment fund.
Matheson: Surging gas prices brings Scottish offshore wind imperative
Surging gas prices throws into “sharp relief” the need to ramp up Scottish offshore wind and hydrogen, the energy minister will say later.
QE ups CCS, solar plan in move to cut carbon intensity
QatarEnergy (QE) is doubling down on its carbon capture and solar plans, with the aim of producing cleaner LNG.
German import terminals target short-term LNG, long-term green hydrogen
Tree Energy Solutions (TES) is accelerating its plans to develop a “green gas” import hub in the German port of Wilhelmshaven.
BP and Ineos veteran joins board of vehicle developer First Hydrogen
Hydrogen vehicle developer First Hydrogen has appointed a former BP (LON: BP) veteran to its board.
Namibia aims for green hydrogen production in 2023
Namibia’s Ohlthaver & List (O&L) Group and CMB.Tech plan have agreed to begin construction of a hydrogen plant, aiming for first production by the end of 2023.
Delek rebrands as NewMed, eyes Morocco growth
Delek Drilling is relaunching as NewMed Energy as the company expands into new areas, such as blue hydrogen and renewable power.
Sasol skips dividend with focus on transformation
Sasol has reported EBIT of 24.3 billion rand ($1.6bn) for the six months ending on December 31, 2021, up 12%.
Hy24, Mirova, CDPQ and Technip Energies join forces to make record investment in green hydrogen firm
Green hydrogen investment platform Hy2gen has successfully completed a £167 million funding round.
Aker Solutions to create 200 UK jobs in renewables push
Aker Solutions will create 200 UK jobs this year as part of a drive into renewables and low carbon oil and gas projects.
Neptune Energy and RWE to accelerate green hydrogen production in North Sea
Neptune Energy has teamed up with German renewables firm RWE to progress an offshore green hydrogen project.
Clean hydrogen fund invests £10m in fuel cell company
A pioneering London-listed clean hydrogen fund has invested £10 million in fuel cell innovation company Bramble Energy.
Oil prices at $100 a barrel? What else is on the horizon for the energy sector in 2022
In this latest in our series on ESG investing, Mike Scott assesses the global energy outlook ahead for 2022. Although oil and gas prices are healthy, energy firms will need to stay focused on net zero and emissions targets, and keep an eye on growth areas like hydrogen and other renewable energy sources.
Ramaphosa promises change for power sector
Eskom will complete its unbundling by the end of this year, South Africa President Cyril Ramaphosa has said.
Eni signs string of HyNet MoUs
Eni’s UK subsidiary has signed 19 memoranda of understanding (MoUs) related to carbon capture and storage as part of the HyNet North West project, which won government backing last year.
Scotland could help ease Europe’s gas problem
Europe is too reliant on Russian gas. In fact, Europe is too reliant on gas full stop but it being mainly Russian gas makes it even more problematic.
Petrofac picked for green hydrogen studies on Sakhalin
Energy services group Petrofac (LON:PFC) has won its first new energy-focused project in Russia, securing a three-year consultancy framework agreement for the early engineering phases of the first wind-to-hydrogen development on Sakhalin Island.
BP gets the green light for £215m Aberdeen hydrogen hub
Energy giant BP has won approval to become a joint venture partner of Aberdeen City Council (ACC) to build Scotland’s first “scalable” green hydrogen production plant.
China starts up world’s largest green hydrogen plant
Chinese chemical producer Baofeng has started production from the world’s largest green hydrogen plant in the Chinese region of Ningxia raising global installed electrolyzer capacity by 50%. The news highlights how China is beating the world on climate technologies.
Masdar prepares to “supercharge” with 2030 target
Masdar has ambitious plans to scale up its power capacity and sees the entry of Adnoc and TAQA as set to “supercharge” its business.
Shell starts up first green hydrogen project in China for Winter Olympics
Shell has (LSE:RDSA) started up its first commercial hydrogen electrolyser in China with 20 MW production capacity just in time to supply the Winter Olympic Games.
Jacobs awarded RWE green hydrogen feasibility study
US-headquartered engineering group Jacobs has been awarded a feasibility study contract from RWE to investigate the production and supply of hydrogen in South Wales.
WoodMac: Momentum building for CCS and hydrogen
With around 200 carbon capture, utilisation and storage (CCUS) projects now in the pipeline, the fledgling sector is set for significant growth in 2022 – but cost controls, operational success and political support will be essential to maintain pace, says Wood Mackenzie.