The region is well-positioned for a green hydrogen boom
The Latin America and the Caribbean (LAC) region is well positioned to participate in the burgeoning hydrogen market, which will play an important role in the coming decades in the global transition to greener energy, according to GlobaData, a leading data and analytics company. GlobalData’s latest report, ‘Latin America and the Caribbean Hydrogen Market’, notes […]
Lars Liebig, Managing Director, Uniper Energy Dubai, comments on the need for partnerships to enable zero-carbon shipping
There is no doubt that ammonia and methanol are in the race to be the most viable zero-carbon bunker fuels in the global shipping industry. When you consider the rapid acceleration of the world’s transition to a greener future and that shipping facilitates 90% of the world’s traded goods, the importance of these budding markets […]
Transmission pipeline projects will constitute approximately 47% of midstream project starts in India between 2021 and 2025
India is likely to start the operations of 118 midstream oil and gas projects from 2021 to 2025, accounting for 35% of the total upcoming midstream project starts in Asia by 2025, according to GlobalData. GlobalData’s latest report, ‘Global Midstream New Build and Expansion Projects Outlook, 2021-2025 – Transmission Pipelines Dominate Global Midstream Project Starts’, […]
Having net zero targets are increasingly common and hugely important, but COP26 must go far beyond setting new emissions targets
Hydrogen is likely to play a crucial role in the pursuit of energy transition over the coming years. However, the UN Climate Change Conference of the Parties (COP26) in Glasgow in November will be the acid test that determines whether involved players are now prepared to put their words into action. Having net zero targets are […]
Oil prices remain strong on the back of another sizeable draw of US crude stocks, while outages of some supply capacity are expected to last through the end of the year
Although not rising today, oil prices continue to thrive on the momentum of supply constraints in the US Gulf of Mexico, which was reflected in the large crude inventory draws report of last week. While oil production is slowly returning, there are still prolonged outages that may last into early next year, supporting a bullish […]
The current pipeline of projects aims to produce about 30 million tonnes of hydrogen per year by 2040, with an annual requirement of 620 million cubic meters of purified water
The global pipeline for green hydrogen projects is growing fast, with a current target of 206 gigawatts (GW) in installed electrolyzer capacity by 2040. However, a Rystad Energy analysis reveals that the locations of the planned projects are overwhelmingly in areas where water is in short supply. This means that an additional desalination market needs […]
bp’s strategy aims to significantly expand its low carbon energy interests, with a target of having developed 20GW net of renewable assets by 2025
bp has announced the appointment of Anja-Isabel Dotzenrath as its new executive vice president, gas and low carbon energy, and member of bp’s leadership team. Until recently she was chief executive officer of RWE Renewables, one of the world’s leading renewables businesses. Anja-Isabel will join bp on March 1st 2022. Bernard Looney, bp chief executive, […]
The company secured more than $50 million from five long-term contracts awarded by ADNOC companies
Penspen, a leading global energy services company, has recorded a highly successful year to date in the Middle East and Africa with a strong performance forecast for the rest of the year. The company’s Project Management Consultancy (PMC) service line has secured more than $50 million from five new, long-term contracts from ADNOC, ADNOC Onshore, […]
Crude futures are trading higher today as the market has quickly moved to discount the net negative effect on supply and demand balances for Sep-21 from Hurricane Ida and instead focused ahead on today’s monthly OPEC+ meeting. It is fair to say that the market widely expects OPEC+ to ratify its plan of bringing back […]
Renewable energy project contract awards in 2021 have eclipsed deals for conventional power plant projects in the Middle East
Renewable energy project contract awards in 2021 have eclipsed deals for conventional power plant projects in the Middle East as the region’s energy diversification agenda gathers pace, according to GlobalData’s MEED. According to the company’s latest report, ‘Middle East Energy Transition’, there were no contract awards for oil-powered or gas-fuelled power stations in the Middle […]
