(H2Tech) Air Products and Baker Hughes are collaborating to develop next-generation hydrogen compression to lower the cost of production and accelerate the adoption of hydrogen as a zero-carbon fuel. As part of the collaboration, Baker Hughes will provide Air Products with advanced hydrogen compression and gas turbine technology for global projects, including NovaLT16 turbines for Air Products’... Continue Reading →
Offshore Wind Could Produce Affordable Hydrogen by 2035 , Siemens Gamesa says
Wind power could make it possible to produce hydrogen without emitting greenhouse gases as cheaply as is currently feasible with fossil fuel energy by 2030, turbine maker Siemens Gamesa said in a white paper released on Wednesday. Policymakers see green hydrogen, which is made with renewable power without emitting carbon, as a vital tool to... Continue Reading →
Shell to deepen emission cuts following court ruling, CEO says
(Reuters) Royal Dutch Shell (RDSa.L) will seek ways to accelerate its energy transition strategy and deepencarbon emission cuts following a landmark Dutch court ruling last month, CEO Ben van Beurden said on Wednesday, a move that will likely lead to a dramatic shrinking of its oil and gas business. Shell plans to appeal the May 26 court... Continue Reading →
Port of Suape (PE), to receive US$ 3.8 billion in investment in a green hydrogen plant from Qair Brasil
(TNPetroleo) The government of Pernambuco began technical and economic feasibility studies for the implementation of a green hydrogen production plant at the Port of Suape. The project belongs to the company Qair Brasil, of French origin, whose main activity is the independent production of electricity from alternative sources. The initiative, named Pernambuco Green Hydrogen Plant,... Continue Reading →
Excelerate’s FSRU Starts Operations in Argentina’s Bahia Blanca
Excelerate Energy’s floating storage and regasification unit (FSRU) the Exemplar has begun operations in Bahia Blanca, a port city located 400 miles south of the Argentine capital Buenos Aires. The Exemplar, with a storage capacity of 150,900 m3, will deliver liquefied natural gas (LNG) for the 2021 winter season in Argentina, providing reliability and stability... Continue Reading →
IEA: Energy Investments to Recover by 10% in 2021, But will Fall Short of Net-Zero Path
(OE) Investment in energy is on track to recover by nearly 10% in 2021 as the world emerges from the COVID-19 pandemic, the International Energy Agency (IEA) said on Wednesday, but spending will fall far short of meeting urgent climate goals. More of the $1.9 trillion in investment is projected to shift toward electricity than... Continue Reading →
Lawsuit Challenges ExxonMobil’s Exploration and Production Activities in Guyana
(Reuters) A landmark lawsuit filed against Guyana's government, arguing that oil production fuels climate change, could bolster legal action as court cases involving energy companies and state authorities surge, according to lawyers and environmentalists. The constitutional claim - the first of its kind in the English-speaking Caribbean - asserts that oil exploration and production led... Continue Reading →
Portugal’s Galp Energia gets greener and cuts five-year spending plan
Portugal's Galp Energia (GALP.LS) will sharpen its focus on renewable energy and limit fossil fuel spending to already approved developments, resulting in a 20% cut in five-year capital expenditure, the company said on Wednesday. Oil and gas company Galp is following a broader trend, as energy companies curb investment in fossil fuels in favour of green power... Continue Reading →
OPEC, Russia seen gaining more power with Shell Dutch ruling
(Reuters) Climate activists who scored big against Western majors last week had some unlikely cheerleaders in the oil capitals of Saudi Arabia, Abu Dhabi and Russia. Defeats in the courtroom and boardroom mean Royal Dutch Shell (RDSa.L), ExxonMobil (XOM.N) and Chevron (CVX.N) are all under pressure to cut carbon emissions faster. That’s good news for the likes of Saudi Arabia’s... Continue Reading →
Unlike IEA, Rystad Energy sees need for hundreds of new oilfields
Thousands of new oil wells and hundreds of new oilfields will be needed to meet global demand even if it falls sharply towards the middle of the century, Oslo-based consultancy Rystad Energy said on Friday. Its analysis stands in sharp contrast to the conclusions of the International Energy Agency (IEA), which said last week that... Continue Reading →
Brazil Energy Insight 