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Hydrogen Production
More MoUs for Green Hydrogen Production Development in Egypt
Renewable energy company Masdar and Hassan Allam Utility have signed two MoUs to develop green hydrogen production plants in the Suez Canal Economic Zone and on…
Oil Field
BW Energy Secures ‘Near-Perfect Fit’ FPSO to Unlock Oil From Brazilian Field
E&P company BW Energy has decided to proceed with the Maromba development project, located offshore Brazil, and signed an agreement to buy the laid-up FPSO Polv…
Australia
Australia ‘Has Just 68 Days of Oil Reserves’
The country is nearly 91% dependent on imported oil, a public policy think tank has warned.
Ammonia
Suez Canal Economic Zone Signs $3Billion Green Energy Deal
Agreement with a consortium including French company EDF Renewables will lead to nearly 350,000 tonnes of green fuel being produced annually for ships passing t…
LNG
Germany to Move away From Russian Gas
Germany has released nearly EUR3 billion to acquire floating liquefied natural gas (LNG) import terminals, the Finance Ministry said on Friday, as it seeks to m…
Coal Price
India Faces Coal Shortage, Again
India faces another coal crunch as coal inventories at utilities are at the lowest for this time of the year in nearly a decade, while power demand is set to su…
Hydrogen Production
Global Hydrogen Market to Reach $12.17 Million by 2025
The global hydrogen market reached a value of nearly $9.8 million in 2020, having increased at a CAGR of 3.5% since 2015.
Wind Farm
Vietnam’s 100 MW Nearshore Wind Farm to Feature Chinese Cables
ZTT Submarine Cable & System has secured a contract with a local contractor in Vietnam to deliver 83 kilometers of submarine composite cable for the Tan Phu Don…
LNG
Shell’s Prelude FLNG Resumes Operation
Shell has officially restarted LNG cargo operations at its Prelude FLNG facility offshore Western Australia after near four-month hiatus.
Solar Cell
BayWa r.e. Acquires Co-Located Solar+Storage Project
Renewable energy company BayWa r.e. has acquired the project rights to develop a co-located storage project near Kingston-upon-Hull in Yorkshire, England.
United Kingdom
Ithaca Energy Gains Access to Two of the Largest Undeveloped Discoveries in UK North Sea
North Sea-focused Ithaca Energy has reached an agreement to acquire Siccar Point Energy for a price tag of nearly $1.5 billion. This is Ithaca’s second expansi…
Natural Gas
US LNG Exports Surge 16% amid Higher Demand From Europe
US liquefied natural gas exports rose nearly 16 per cent last month to a record high, according to preliminary Refinitiv data, with shipments to Europe continui…
Hydrogen Fuel Cell
Las Vegas Factory to Convert Gas From Landfills into Hydrogen to Power Vehicles
The French industrial gas company Air Liquide is opening a factory near Las Vegas this month that will convert methane from landfills into hydrogen to power emi…
Wind Turbine
Green Power Generation in Germany Rises Almost 25% in Q1
The generation of renewable electricity in Germany grew by nearly 25% to about 74.5 billion kWh in the first quarter of 2022 driven mainly by favourable weather…
Oil Price
Sinopec's 2021 Profit More Than Doubled on Higher Oil Prices, Sales
China Petroleum & Chemical Corp.'s 2021 net profit more than doubled to its best level in nearly a decade on higher prices and demand for petroleum products.
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