Toyota Motor Corp. isn’t slowing down in its push to help achieve a carbon-free society but is even speeding up its effort. The automaker announced on April 22 that it will enter a vehicle in motor racing powered by a carbon-free hydrogen engine. Toyota said it can utilize existing technologies …
Read More »Japan’s Largest Energy Producer Bets on Ammonia and Hydrogen for Net Zero
Power generation accounts for roughly a third of global greenhouse gas emissions. So when Japan’s biggest power producer, Jera Co., announced last October that it aims to achieve carbon neutrality by 2050 — but not by relying exclusively on renewable power — it took even some energy experts by surprise, …
Read More »Qatar Among Top Mena Countries with 5-Year Gas Investments of $75bn up to 2025
Committed gas investments in the Middle East and North Africa (Mena) region for the period 2021-2025 are expected to total $75bn, Arab Petroleum Investments Corporation (Apicorp) said. Qatar, Saudi Arabia, and Iraq are the “top three Mena countries in terms of committed gas investments”, the multilateral development financial institution said …
Read More »Norway’s Oil Fields to Run on Green Power as They Export Carbon
Norway is trying to make its dirtiest industry as clean as possible. The multi-billion-dollar plan will do little to reduce the nation’s overall climate impact. The Nordic country will use land-based green hydropower to electrify dozens of offshore oil and gas platforms. That will help meet national climate targets, and …
Read More »EU Postpones Climate and Energy Legislation
The European Union has been forced to postpone its energy and climate legislation, which is highly likely to include CO2 quotas on shipping, by one month. The policy which was to have included the emissions trading legislation which will regulate shipping and aviation and regulate the price of CO2 was …
Read More »Eleven EU Countries Call to Ban Fossil Fuels from Trans-European Energy Infrastructure
Eleven EU countries have signed a declaration calling on the European Union to stop funding fossil fuels under its trans-European energy infrastructure regulation (TEN-E), which is currently under revision. The non-paper – EU jargon for an informal document – follows discussions in Brussels on Wednesday (5 May) about the contribution …
Read More »High Global Demand Sends Russian Urals Crude Oil Price Soaring
Russia’s Ministry of Finance said on Wednesday that the average price for domestic Urals oil benchmark stood at $62.50 per barrel in April, which is a 340% increase in annual terms. According to the ministry, in the first four months of the year the average price for the Russian export …
Read More »Energy Group Total Starts Production at Angolan Oil Project
French energy group Total has started production at its Angolan Zinia Phase 2 project, which has estimated resources of 65 million barrels of oil, it said on Thursday. Total added that the development of the project was carried out according to schedule and for capital expenditure more than 10% below …
Read More »Siemens to Rebuild West Mosul’s Super-Grid Station
Siemens Energy and the Ministry of Electricity of the Republic of Iraq signed a contract to construct Iraq’s West Mosul 400-kilovolt (kV) super grid station, which will provide reliable and efficient power supply to around 700,000 Iraqi citizens in northern Iraq, particularly the Nineveh province. The construction of the Mosul …
Read More »Japan Eyes Overseas Hydrogen Investments with State Funds
Officials in Japan are set to allow state-owned Jogmec to provide financial support for local companies investing in overseas plants that produce hydrogen or ammonia as part of a push to decarbonise, reported the Nikkei. This will be a departure for Japan Oil, Gas and Metals National Corp, known as …
Read More »