Deloitte says that if global warming reaches around 3°C toward the century’s end, the toll on human lives could be significant and disproportionate, thereby impacting the most vulnerable
Energy Transition
Masdar to develop 4GW of renewable, green hydrogen projects in Azerbaijan
Masdar also signed an MoU with the State Oil Company of Azerbaijan Republic for the joint development of renewable energy sources
South Korean consortium to build $1bn green hydrogen plant in the UAE
The South Korean companies – Korea Electric Power Corp, Korea Western Power and Samsung C&T Corp – will build a plant that will initially be able to produce 35,000 tonnes of green ammonia annually
How can AI help decarbonise oil & gas?
KAUST in Saudi Arabia is working on custom AI algorithms for process control and optimisation, which will eventually help oil and gas firms with green hydrogen generation
Egypt, Germany’s H2 Industries sign agreement to build $4bn green hydrogen plant
H2 Industries will produce clean hydrogen powering Egypt’s domestic energy transition and allowing it to become an exporter of clean hydrogen
Worley wins FEED services contract from Alfanar for UK-based project
Lighthouse Green Fuels, for which Worley has won the contract, will convert residual solid waste into sustainable aviation fuel and green naphtha
Air Products, ACWA Power and OQ sign agreement for green ammonia project in Oman
The joint development agreement that was signed by Air Products, ACWA Power and OQ follows a memorandum of understanding signed in December 2021
5 ways to reduce risk in fossil fuel projects despite energy transition uncertainty
In an era of uncertainty, the time to start managing stranded cost risk is now
ADNOC acquires 25% stake in bp’s blue hydrogen project marking its first investment in the UK
bp has inked an investment deal forming a strategic partnership with ADNOC and Masdar for its planned blue and green hydrogen projects
Global renewable power capacity increased by 295GW in 2021, says IEA
Renewables’ growth so far this year is much faster than initially expected, driven by strong policy support in China, the European Union and Latin America, which are more than compensating for slower than anticipated growth in the United States