Norway-based Equinor is leading a project to develop one of the UK’s – and the world’s – first at-scale facilities to produce hydrogen from natural gas in combination with carbon capture and storage (CCS). The project, called Hydrogen to Humber Saltend (H2H Saltend), provides the beginnings of a decarbonised industrial …
Read More »Saudi Wealth Fund Buys Stakes in European Energy Companies
Saudi Arabia’s sovereign wealth fund has built up stakes in European oil firms, including about $200 million in Equinor ASA, as the kingdom navigates the coronavirus pandemic and plummeting crude prices. The Public Investment Fund amassed shares in Norway’s largest producer mostly through the open market last week, according to …
Read More »Big Oil Needs to Invest in Wind and Solar
Before the coronavirus pandemic, Big Oil was under significant pressure to speed up their transitions to cleaner forms of energy — from politicians, financiers and climate activists alike. This pressure may have receded from view amid Covid-19 lock downs and massive slumps in oil prices, but there is no reason …
Read More »Oil Major Expects Oil Production will Peak In 2025
Eni’s plan today includes upstream production growth at an annual rate of 3.5 percent up to 2025.
Read More »BP. Eni. Equinor. Shell and Total Join Forces to Store Emissions Under the North Sea
The Net Zero Teesside project aims to decarbonise local industry by building a transportation and storage system to gather industrial carbon dioxide. compress it and store it safely in reservoirs under the sea.
Read More »Petropars Says to Follow in Total Footsteps in SP11
Over recent years. the South Pars Phase 11 (SP11) development project has been one of the most controversial projects in Iran.
Read More »BP’s Carbon-Neutral Pledge Puts Pressure on Exxon. Chevron
Exxon and Chevron both agree with the goals of the Paris Agreement.
Read More »Equinor Pledges to Cut Carbon Intensity by 50% Before 2050
It notes ``changes in the scale and composition of the oil and gas portfolio`` will be vital in reaching the target.
Read More »Equinor to Run Carbon-Free Ammonia-Fuelled Supply Vessel
Its Viking Energy vessel will be part of a research project to develop. install and test whether ammonia fuel cells can deliver 100% carbon-free power over long distances.
Read More »Six Major Oil Companies towards Renewable Energy Sources
BP was the first oil major to commit significant capital to renewable projects. such as wind and solar. from 1980 onwards.
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