The new plant aims to help the UAE achieve its goal of becoming a low-carbon hydrogen hub
BEEAH Energy and UK-based Chinook Sciences signed an agreement Monday to develop the Middle East’s first waste-to-hydrogen plant. The plant will produce green hydrogen. Hydrogen has often been touted as a fuel of the future, helping to decarbonise industries that are difficult to electrify, such as shipping. Green hydrogen is one form of hydrogen that […]
With greater numbers of energy companies and governments investing in hydrogen projects, it could form a major part of the energy mix in the coming years
New reports suggest that the hydrogen market could be worth $1 trillion per year by 2050 as it becomes viewed as a vital energy source in the transition from fossil fuels to greener alternatives. With greater numbers of energy companies and governments investing in hydrogen projects, it could form a major part of the energy […]
International oil majors have been exiting investments in Russia following the country’s invasion of Ukraine
Oil giants have been exiting their investments in Russia after the country initiated military action in Ukraine. The conflict has caused oil prices to soar as fears have increased regarding supply shortages. The exit from international oil firms is likely to cause prices to continue to rise, experts said. “Oil giants are mostly falling in […]
Ensuring gas for next winter should not be a problem, analysts and the European Commission say
Russia’s invasion of Ukraine threw Europe’s dependence on Russian natural gas into sharp relief. The European Union is drafting measures to reduce its reliance on Russian energy, while various European countries, including the biggest economy, Germany, are revising their strategic energy policies, aiming to reduce their energy security vulnerability. It was this vulnerability that has […]
We live in a unique time when the interests of business and sustainability no longer contradict each other
Over the past decade, industrial companies have taken a leap forward in their sustainable development. We live in a unique time when the interests of business and sustainability no longer contradict each other. This has been made possible because businesses have found ways to turn environmental performance into business opportunities. Severstal’s long-term priorities are to […]
The race for net zero and limiting global warming to 1.5C could damage global economic growth in the short-term, a new report from Wood Mackenzie found
The Paris Agreement calls for a limiting of global warming to 1.5C above pre-industrial levels as a red line to prevent catastrophic climate damage, but in order for the world to keep to this limit the global economy is likely to suffer, a new report from global research and consultancy business Wood Mackenzie found. In […]
Global demand will increase as natural gas and renewables lead the energy transition, the group said
Global natural gas demand will rise by 46% from 3,840 billion cubic metres (bcm) in 2020 to 5,625 bcm in 2050, the Gas Exporting Countries Forum (GECF) said in a report released Monday. The report, titled Global Gas Outlook 2050, also found that the Asia Pacific region, Middle East, and Africa would responsible for the […]
Both of bp’s nominated directors will resign from Rosneft’s board with immediate effect
UK energy giant bp announced Sunday that it would be exiting from its 19.75 percent shareholding in Rosneft following Russia’s military action in Ukraine. bp CEO Bernard Looney and bp group chief executive Bob Dudley will both also be resigning from the board of Rosneft with immediate effect. Russia’s action in Ukraine has “led the […]
New platform goes live with content catering to key decision-makers and influencers in the Saudi Arabian energy market
Oil & Gas KSA, a new platform exclusively catering to the Saudi Arabian energy sector, went live on Monday, February 28. The site is available here. Energy industry stakeholders can sign up now for access to Oil & Gas KSA’s newsletter. The launch of the Oil & Gas KSA online will be followed up with […]
Celebrating excellence in performance, the 2022 Middle East Energy Awards recognised eight organisations and two individuals for outstanding achievements in 10 categories
Awards are a way to encourage the competitive spirit and celebrate excellence. Keeping this in mind, key stakeholders from the region’s energy industry converged in Dubai for the Middle East Awards 2022 on Wednesday, February 23, at Grosvenor House Hotel, Dubai. The awards ceremony took place in the presence of a distinguished gathering of upstream, […]
