Concerns related to both the energy transition and energy security have been thrown into sharp relief by Russia’s invasion of Ukraine. Russia is a major supplier of oil and gas, and over the past few weeks a number of major economies have laid out plans to reduce their reliance on its hydrocarbons. On Friday, the
BASF confirmed that by 2030 it aims to reduce its greenhouse gas emissions by 25% compared with 2018 and is maintaining its goal of net-zero emissions globally by 2050. On its path to reducing global emissions to 16.4 million metric tons by 2030, BASF is publishing annual CO2 emissions forecast for the BASF Group as
Six renewable energy companies of India have formed an independent advocacy group for green hydrogen. The companies include Acme Group, Azure Power and Fortum India. The Independent Green Hydrogen Association (IGHPA) aims to engage with the government and other stakeholders to achieve India’s objective of becoming a green hydrogen and ammonia producing country and an
Scorpio Tankers Inc. announces that the Company has entered into a Memorandum of Understanding with Carbon Ridge LLC to collaborate on the development of onboard carbon capture for maritime vessels. Carbon Ridge is a US-based startup working to commercialize existing gas separation technology without the need for large structural modifications. The Agreement addresses the collaboration
Aker Carbon Capture has signed a Memorandum of Understanding (MoU) with Microsoft to pursue joint innovation and explore opportunities to offer services in the Carbon Capture, Utilization and Storage (CCUS) market. CCUS is a critical solution to achieve the large carbon reductions and removals needed for the world to reach net zero emissions. New and
The largest Jones Act-compliant LNG bunkering barge has completed its inaugural bunkering operation in Jacksonville, Florida. The 5,500 cubic meter capacity Clean Canaveral operates as an articulated tug barge unit (“ATB”) and is owned by Polaris New Energy, a subsidiary of Seaside LNG Holdings. As part of the operation, LNG was loaded onto the Clean
China’s state-owned oil and gas company Sinopec plans to boost natural gas production by 4.8% in 2022 and continue developing the gas supply chain to meet decarbonization and energy security targets, Chairman Ma Yongsheng said. “The natural gas business will not only support the company’s transformation, but also generate good profit, because of which we
Maersk and Egyptian authorities have signed a partnership agreement to explore the establishment of large-scale green fuel production in Egypt. The Memorandum of Understanding (MoU) was signed on Monday in a joint bid to further accelerate the supply of green fuels and the global transformation to net-zero shipping. The parties will be conducting a feasibility
Gazprom has asked India’s largest gas transmitter GAIL (India) to pay for gas imports in euros instead of dollars, two sources said, in a sign the Russian energy giant seeks to wean itself away from the U.S. currency in the wake of the Ukraine conflict. European countries and the United States have imposed heavy sanctions
In the wake of the devastating Russian invasion of Ukraine, US gas prices soared, averaging $4.25 a gallon. Now fossil fuel companies and their political allies have seized the opportunity to suggest that additional fossil fuel investment is the solution. Their arguments are rife with misinformation. This is calculated, of course, meant to pad the