Sunday 10 December 2023

50 oil and gas firms pledge carbon emission cuts

Fifity oil and natural gas producers, including Saudi Aramco and 29 other national oil companies, have signed an agreement to reduce their carbon emissions to net zero by 2050 and curb methane emissions to near-zero by 2030.   The COP28 Presidency and Saudi Arab


Cepsa, C2X to develop green methanol plant in Europe

Cepsa, which is owned by Mubadala and Carlyle, and C2X have announce a joint ambition to develop a green methanol plant in the port of Huelva, southern Spain.    Green methanol is made by using green hydrogen and non-fossil sources of carbon captured f


KSA announces 300pc increase in installed renewables capacity

Saudi Arabia has added an additional 2,100 MW of renewable energy to the grid, bringing the total capacity of installed renewable energy to 2,800 MW (2.8 GW), marking a 300% increase in installed capacity.   This is as good as generating energy equivalent to pow


TotalEnergies seals $1.4bn Kazakh wind power project deal

Global multi-energy company TotalEnergies has signed an agreement with Government of Kazakhstan to set up the country's largest ever wind energy project at an investment of $1.4 billion.    The Mirny project aims to build a 1 GW onshore wind farm of up


Hydrom in deal to set up EU green hydrogen corridor

Hydrogen Oman (Hydrom), a subsidiary of Energy Development Oman, said it has signed a joint study agreement (JSA) with Zenith Energy, an expert in creating sustainable liquid storage terminals, and GasLog, a LNG shipping services group, to set up infrastructure for the export of green hydroge


Adnoc, Tabreed commence operations at G2COOL plant

Adnoc and the National Central Cooling Company PJSC (Tabreed), have announced the start of operations at G2COOL, the first district cooling project in the gulf region to harness geothermal energy.   The landmark plant will further decarbonise the way buildings a


ENEC, GE Hitachi sign MoU for future investment in SMR tech

The Emirates Nuclear Energy Corporation (ENEC) has signed a Memorandum of Understanding (MoU) with GE Hitachi Nuclear Energy (GE Hitachi) to identify opportunities for future investment in Small Modular Reactors.   The MoU is part of the new ENEC ADVANCE program


M42, Siemens to advance energy efficiency in UAE health industry

M42, a global tech-enabled health company headquartered in Abu Dhabi, has joined forces with Siemens to boost energy efficiency across the UAE healthcare sector through a partnership that will audit its health facilities for energy efficiency and explore digitalisation of the infrastructure.


ITOCHU signs crude oil purchase agreement with Oman’s MEM

ITOCHU Corporation, leading Japanese trading and investment company, signed a crude oil sales and purchase agreement 2024 with the Ministry of Energy and Minerals (MEM) on November 29, 2023, to mark its 50th-anniversary celebrations in Oman.   The agreement


World leaders for tripling nuke capacity to net zero by 2050

In an unprecedented gathering in the midst of COP28, leaders from around the world joined in committing to tripling global nuclear capacity by 2050 as part of the transition to net zero.   The Declaration to Triple Nuclear Energy Capacity by 2050 has been endors

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