Fresh from putting shovels in the ground on a £350 million cable factory in Scotland, Japanese conglomerate Sumitomo has backed plans to develop hydrogen storage capacity with UK Oil & Gas in Dorset and Yorkshire.
Japanese firm Sumitomo Electric held a ground breaking ceremony for its £350 million subsea cable factory on the Cromarty Firth after it was named as a "preferred bidder" for a contract with SSE.
Aberdeen-headquartered Three60 Energy has announced a multi-million pound deal with Sumitomo for work on a planned high voltage cable factory near Inverness.
Japanese giant previously said Scottish Government funding was a deal-breaker for 330-job project.
More than 150 highly-skilled jobs will be created by a proposal from Japanese multinational Sumitomo Electric Industries to create a manufacturing plant at Nigg.
Sumitomo Corporation subsidiary SEEL agrees farm-in for 50% share of Carbon Catalysts 20% interest in the CS017 and CS018 licences, subject to regulatory approval.
Planning proposals for a £200 million project in the Highlands say it will create more than 150 “green” jobs.
Lack of government grant would put £350m cable factory from Sumitomo in doubt, says report.
Woodside Energy is to explore options for potential carbon capture and storage (CCS) routes with a trio of Japanese industrial giants.
The Australian Renewable Energy Agency (ARENA) CEO Darren Miller said the pilot “looks to prove a promising technology for decarbonising one of our most emissions intensive industries”.
Plans which could create 150 “green” jobs in the Highlands are being given a £200m boost.
Sumitomo has tabled plans to build a cable factory to supply new grid connections and offshore wind farms during a Scottish trade mission to Japan.
AMEA Power has reached financial close on its plan to build 1 GW of renewable energy projects in Egypt, with a $1.1 billion investment.
Malaysia’s Petronas, along with Japanese companies Sumitomo and Tokyo Gas, will carry out a feasibility study to establish a supply chain of ‘carbon neutral methane’ to Japan.
Summit Exploration and Production (E&P) is looking for a buyer for its 50% non-operated stake in the Avalon oil project in the UK North Sea.
Japan’s Sumitomo has plans to develop a significant hydrogen hub near one of Australia’s major liquefied natural gas (LNG) export complexes. Sumitomo and its Australian partners ultimately aim to start hydrogen exports by 2030.
Singapore, home to the world’s largest bunkering port, is aiming to pioneer the world’s first ship-to-ship ammonia bunkering base to help decarbonise global shipping.
Japanese companies are increasingly focused on upstream portfolio rationalisation, with divestment of non-operated stakes in smaller oil, as well as other non-core assets, expected to accelerate, research from Wood Mackenzie shows.
Myanmar faces a potential energy crunch following a bloodless military coup that is set to delay urgent upstream investment and derail vital liquefied natural gas (LNG) import projects.
Total Gas & Power has signed a sales and purchase agreement (SPA) with Nigeria LNG (NLNG) for 1.5 million tonnes per year.
North-east oil service firm Ramco said today it had clinched four contracts worth more than £35million.