By Fabrizio Fabbri (Executive VP of Ethos Energy, East Hemisphere)
If net zero CO2 by 2050 is the question, what is the answer? It’s something countless organisations, people and governments have been discussing since targets were set; how do we achieve this target quickly and sustainably.
The UK’s offshore energy industry is aware it has a major opportunity to drive a very positive future – both for the UK economy and its energy mix alike.
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.
The first episode of the Bigger Faster Better series from Energy Voice, in association with Womble Bond Dickinson, starts a journey of exploration to uncover which countries are developing the most innovative and scalable energy solutions. Over the course of the series, we examine how the UK stacks up in its race to cut emissions and move towards Net Zero, against other nations across the globe.
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.
By Jonathan Carpenter, Vice President, New Energy Services, Petrofac
Hydrogen is remarkable. The lightest and most abundant of all elements, it is non-toxic, non-corrosive and, when used as a zero-carbon fuel, emits nothing but water vapour and warm air. It is destined to play an important role in the decarbonisation of the world’s economies. But how do we move from hydrogen theory to hydrogen reality?
Amid the departure of Shell and the planned closure of the country’s largest gas field, producers in the Netherlands are calling for greater clarity over the future of the Dutch North Sea.
Oil giant BP has pledged to spend double what it earns in the UK in the coming years - but huge profits in its 2021 results and pressure on consumers have strengthened calls for a North Sea windfall tax
By Will Leonard, Innovation and Technology Manager, ABB Energy Industries UK
With the UK Government setting ambitious industrial decarbonisation targets, Will Leonard, Innovation and Technology Manager, ABB Energy Industries UK, argues that the substantial opportunities presented by a fully integrated and digitalised hydrogen infrastructure must be embraced. A reliable and stable hydrogen economy in the UK will require robust digital systems to support the complex and interdependent systems needed for hydrogen production, distribution and utilisation.
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.
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.
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.
Billionaire Mukesh Ambani is making an ambitious effort to pivot his conglomerate Reliance Industries Ltd. toward green energy which could transform India into a clean hydrogen juggernaut.
Reaction to news that the leading trade body for the North Sea, Oil and Gas UK (OGUK), is rebranding has varied from claims of it being a “PR stunt” to praise for a move that’s “not before time”.
Shell has identified 4 billion euros ($4.5 billion) of potential investments in France in a bid to support the country’s efforts to develop sustainable sources of energy, Le Figaro reported on Saturday, citing an interview with Chief Executive Officer Ben van Beurden.