Nokia and stc to work together on netzero emissions

Nokia and stc confirm the adoption of energy-efficient solutions, enabling stc to reduce its carbon emissions and support its net-zero targets. The two signed a Memorandum of Understanding (MoU) that will see them work together across four areas: climate, society, digitalisation, and future of work with the aim of reducing carbon emissions and adopting sustainable

Researchers at IIT Jodhpur develop materials to produce hydrogen

The researchers at the Indian Institute of Technology Jodhpur have developed Lanthanides based perovskite nanocomposite catalytic materials for artificial photosynthesis to produce high-purity hydrogen. IIT Jodhpur further said in a statement that Hydrogen-based energy is the only viable source for a green and sustainable future. More than 90 per cent of the source of hydrogen

GAIL may enter into short-term LNG contracts

With a sharp spike in prices of liquefied natural gas (LNG) which has pushed up the cost of production of urea, the fertilizer subsidy is likely to cross Rs 2.5 trillion in the current fiscal, 138% higher than the budget estimate of Rs 1.05 trillion. The government reckons that the natural gas prices, which constitute

NYK launches new ammonia designs

Nippon Yusen Kaisha (NYK), MTI and Elomatic have completed the concept design phase of a new capesize bulk carrier and a very large crude oil tanker (VLCC) in a project that aims to build an LNG-fuelled vessel that can be efficiently converted to an ammonia-fuelled vessel. The three companies are positioning these new hybrids as

CNOOC buys 5% stake in Petrobras’s Buzios oil field

Brazil’s state-owned oil company Petrobras announced that it had received $1.9bn from CNOOC Petroleum Brasil Ltd. (CPBL) for a 5% stake in a production-sharing agreement for the Buzios field in the pre-salt of the Santos Basin. The $1.9bn includes adjustments provided for in the contract. The transaction is subject to approval by Brazil’s Ministry of

First direct shipment of Australian gas arrives in Europe

The ongoing redrawing of the seaborne energy trading map in the wake of the war between Russia and Ukraine is making for some extraordinarily long journeys. Woodside Energy Group announced today it has shipped an LNG cargo direct to Europe from Australia’s North West Shelf project for the first time. The 75,000 tonne cargo was

ReNew Power and Elsewedy to develop green hydrogen plant

ReNew Power, India’s largest renewables company, will invest $8bn in a green hydrogen plant in the Suez Canal following an agreement with the Egyptian government. A green hydrogen plant is planned for the Suez Canal, following a 15 November 2022 framework agreement signed by ReNew Power, India’s largest renewables company, and the Egyptian government. A

MHI and EGAT to collaborate on clean power generation

Mitsubishi Heavy Industries, Ltd. (MHI) and Thailand’s Electricity Generating Authority of Thailand (EGAT) have signed a Memorandum of Understanding (MoU) to study and exchange information relating to clean power generation, hydrogen, carbon capture, utilisation and storage (CCUS) technologies. The MoU was signed in support of Thailand’s of achieving carbon neutrality by 2050. Set to take

ANZ to fast-track net zero transition

Australia and New Zealand Banking Group Ltd (ANZ) said it had earmarked A$100 billion (US$67.63 billion) to help its customers lower carbon emissions by 2030, as the lender looks to accelerate its transition to net zero. Part of the amount will be used for initiatives, which include facilitating concessional loans for businesses to buy energy-efficient

Rice University researchers developed a catalyst for hydrogen economy

Rice University researchers have engineered a key light-activated nanomaterial for the hydrogen economy. Using only inexpensive raw materials, a team from Rice’s Laboratory for Nanophotonics, Syzygy Plasmonics Inc. and Princeton University’s Andlinger Center for Energy and the Environment created a scalable catalyst that needs only the power of light to convert ammonia into clean-burning hydrogen