The energy and environment ministers from all G7 countries agreed at a meeting in Berlin to end taxpayer funding for oil, gas and coal projects overseas from the end of this year. According to the analysts, this agreement could shift about $33bn (£26bn) a year from fossil fuels to clean energy sources. The G7 member
Mitsui O.S.K. Lines, (MOL) has announced that it has joined the First Movers Coalition (FMC) with an aim to to boost demand for decarbonization technology. MOL is the first Japanese company to take part in FMC. FMC was established to boost demand for decarbonization technology. It is a platform that has an objective to help
Abu Dhabi National Oil Company’s (ADNOC), logistic arm ADNOC Logistics & Services, has ordered for two 175,000 cu m LNG new builds from Jiangnan Shipyard. With this contract the total number of vessels ordered by ADNOC form the Chinese shipyard has reached six. The units are due for delivery across 2025 and 2026.
Shell has given the go-ahead to develop the Crux gas field in Australia at an estimated cost of about $2.5bn. The new project has a role to play in the globe’s transition to cleaner energy. Construction is expected to start in 2023 with first gas expected in 2027. The gas field will be developed via
Fortescue Future Industries (FFI), an Australian company, is funding an initiative by PsiQuantum to develop green hydrogen at a lower cost. As part of the collaboration, FFI and Qlimate’s will together work on quantum solutions in the green hydrogen sector. The joint effort will help in creating a broader strategy for developing computing algorithms that
Kuehne+Nagel (K+N) Project Logistics will offer the heavy-lift logistics and module transportation for the hydroprocessed esters and fatty acids (HEFA) biofuels project initiated by Shell. K+N’s Renewable Energy Logistics is a new solution that offers specific logistics needs of the renewable energy industry worldwide. The solution is designed to offer safe and proper transportation of
It has been announced in Sri Lanka that a ‘Renewable Energy Generation Plan’ will be implemented starting from June 1, 2022. The policy is aimed at enhancing the renewable energy generation and its share in the energy mix of the country. The information has been shared by the Minister of Power and Energy, Kanchana Wijesekera.
Samsung Engineering and Technip Energies have bagged a contract from Glenfarne Group for Texas LNG project in Brownsville, Texas, USA. The Pre-FID engineering contract will transition into a subsequent contract for the project design and delivery of Texas LNG. the joint venture of Samsung Engineering and Technip Energies will provide engineering, construction coordination, start-up, and
According to MEED, India’s Larsen & Toubro is believed to has been selected to build solar and wind plants for supplying electricity to the city’s $6.4-billion green hydrogen-based ammonia plant at OXAGON industrial zone for Saudi Arabia’s NEOM Green Hydrogen Co. L&T, along with Energy China and Power China, has submitted a proposal for an
Korea Gas plans to win benefits from its current business as it shifts to a future focused on hydrogen. The company which is one of the world’s largest liquefied natural gas importers is joining several global energy majors like BP in pushing the case for hydrogen. Also known as Kogas, the company expects to begin