Enegix commissions Black & Veatch studies for 600 million kg/pa green hydrogen generation facility in Ceará, Brazil

(BUSINESS WIRE)--Black & Veatch will undertake feasibility studies central to the development of the world’s largest green hydrogen plant. When operational, Enegix Energy’s Base One facility in Ceará, Brazil, will produce more than 600 million kilogrammes of green hydrogen annually. The highly ambitious new-build electrolysis facility will be powered entirely by renewable energy, initially 3.4... Continue Reading →

March 19, 2021 0

Fortescue and EIG-Backed Companies Sign MoU to Explore Joint Development of Green Hydrogen Plant in Brazil

(BUSINESS WIRE)--EIG, a leading institutional investor to the global energy sector, and Prumo Logística S.A. (“Prumo”), a private Brazilian company controlled by EIG, today announced the signing of a Memorandum of Understanding (“MoU”) between Prumo’s subsidiary, Porto do Açu Operações S.A. (“Port of Açu” or the “Port”), and Fortescue Future Industries Pty Ltd (“FFI”). FFI... Continue Reading →

March 17, 2021 0

Invest $131 trillion in clean energy by 2050 to hit climate goals, agency says

(Reuters) - Planned investment in clean energy must increase by 30% to a total of $131 trillion by 2050 to avert catastrophic climate change, with the need to massively scale up hydrogen production particularly acute, according to a study here published on Tuesday. In its annual flagship report, the International Renewable Energy Agency underscored the scale and... Continue Reading →

March 16, 2021 0

Shell’s 2020 carbon emissions fall on the back of fuel sales drop

(Reuters) - Royal Dutch Shell, owner of the world’s largest fuel retail network, said on Thursday its total greenhouse gas emissions dropped 16% in 2020 as oil and gas sales fell sharply due to the coronavirus pandemic. Shell said in its annual report that total emissions from its oil wells to forecourt fuel sales fell... Continue Reading →

March 11, 2021 0

Exclusive: BP bets on energy trading to fund strategy shift after bumper year

(Reuters) - BP’s trading arm made nearly $4 billion in 2020, according to a copy of an internal BP presentation seen by Reuters, almost equalling the record trading profit in 2019 despite the collapse in oil demand caused by the pandemic. Trading revenue for majors such as BP and rival Royal Dutch/Shell shielded them from... Continue Reading →

March 11, 2021 0

Chevron vows to slow carbon emissions, raise oil output with modest spending

(Reuters) - Chevron Corp on Tuesday outlined a plan to expand oil and gas production through 2025, but without spending significantly more, and pledged to limit the pace of growth of its carbon emissions. Falling energy demand due to pandemic-driven lockdowns sent the industry into a tailspin in 2020 and led Chevron to a $5.54... Continue Reading →

March 10, 2021 0

ExxonMobil curbs spending plans, reveals path to lower-carbon future

Oil major ExxonMobil has revealed its capital spending in 2021 will be in the range of $16 billion to $19 billion as well as its plans to focus on developing technologies to reduce emissions, especially carbon capture and storage technology, and eliminate routine flaring by 2030. ExxonMobil’s 2021-2025 capital program has been optimized to the... Continue Reading →

March 3, 2021 0

Greenhouse Gas Emissions: Investor Coalition CURE Pushes Exxon to Do More

A coalition of investors that oversees $2.5 trillion in assets urged ExxonMobil on Wednesday to take bolder action to slash greenhouse gas emissions and make key governance changes. The Coalition for a Responsible Exxon (CURE), which has 145 members, said the energy giant Exxon had taken steps in the "right direction" amid pressure from activist... Continue Reading →

March 3, 2021 0

Energy firms bet on hydrogen boom, but payday far away

(Reuters) - Governments and energy companies are placing large bets on clean hydrogen playing a leading role in efforts to lower greenhouse gas emissions, but its future uses and costs are highly uncertain. “Without hydrogen by 2050 we cannot aim to be a net zero (carbon) economy,” Royal Dutch Shell CEO Ben van Beurden told... Continue Reading →

March 3, 2021 0

CERAWeek: Oil Bosses See Crude Oil Demand Climbing, Even with Increased Focus on Renewables

Oil company executives at CERAWeek by IHS Markit were adamant on Monday that crude demand will rise over the coming decade and that the fossil fuel will remain a crucial part of the energy mix even as renewables draw increasing attention. Climate change and renewable fuels are taking center stage at this year's gathering of... Continue Reading →

March 2, 2021 0

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Category: transition

Enegix commissions Black & Veatch studies for 600 million kg/pa green hydrogen generation facility in Ceará, Brazil

Fortescue and EIG-Backed Companies Sign MoU to Explore Joint Development of Green Hydrogen Plant in Brazil

Invest $131 trillion in clean energy by 2050 to hit climate goals, agency says

Shell’s 2020 carbon emissions fall on the back of fuel sales drop

Exclusive: BP bets on energy trading to fund strategy shift after bumper year

Chevron vows to slow carbon emissions, raise oil output with modest spending

ExxonMobil curbs spending plans, reveals path to lower-carbon future

Greenhouse Gas Emissions: Investor Coalition CURE Pushes Exxon to Do More

Energy firms bet on hydrogen boom, but payday far away

CERAWeek: Oil Bosses See Crude Oil Demand Climbing, Even with Increased Focus on Renewables

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