Saudi oil giant Aramco clarified it is not pausing its plans for blue hydrogen, adding that media reports with these “claims are inaccurate.” “The company’s goal of producing up to 11 million tons of blue ammonia, a carrier of blue hydrogen, by 2030 remains unchanged,” Aramco noted in a press release. In a call with […]
energy transition
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ADNOC, Baker Hughes sign deal for green tech solutions
ADNOC and Baker Hughes signed today an agreement to accelerate the development and commercialisation of technology solutions for green and low-carbon hydrogen, as well as graphene. The agreement, which follows a strategic technology collaboration agreement signed between the two companies in November 2022, will see ADNOC collaborate with Baker Hughes as a strategic partner to […]
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Italian oil major Eni faces lawsuit for ‘lobbying and greenwashing’
Eni is facing a climate lawsuit with environmental groups alleging the company used “lobbying and greenwashing” to push for more fossil fuels despite having knowledge of its risks since 1970. The environmental group Greenpeace Italy and fellow green campaigner ReCommon filed the suit along with 12 citizens from areas of Italy severely affected by extreme […]
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An inside look at Saudi Arabia’s push to produce cleaner oil
At the heart of an oil-rich kingdom pumping millions of crude oil per day is an ambitious vision to slash emissions and transition towards clean energy. Interestingly, the kingdom is injecting money in both. Saudi Arabia is transitioning to bridging solutions and shifting towards cleaner gas-burning instead of oil for its energy production, using gas […]
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Angry shareholders slam BP’s climate plans
Energy giant BP on Thursday faced heavy criticism from shareholders over its decision to slow its energy transition, with activist investors promising to block the re-election of the head of the board of directors. Some of Britain’s biggest pension funds have warned that they will oppose the renewal of Helge Lund’s mandate at the annual […]
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Saudi Arabia’s Rabigh solar project begins operations
The photovoltaic power station project in Rabigh, Saudi Arabia has been successfully connected to the grid and officially entered the operation stage. This project is a critical part of the ‘Vision 2030’ formulated by the Saudi government, which includes vigorously developing new energy sources and promoting energy strategic transformation. After the project is connected to […]
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From the editor: Oil and gas won’t disappear overnight
I have lost count of the number of times I have silently disagreed with climate activists calling for an immediate end to fossil fuels. Let’s face it. Oil and gas isn’t going to disappear overnight. And ‘boycotting’ fossil fuels to address climate change certainly won’t help. As ADNOC CEO and COP28 President Dr Jaber rightly […]
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EPC contractor Petrojet signs agreement for green hydrogen projects in Egypt
Egypt-headquartered EPC contractor Petrojet has signed an agreement with DNV, a global independent energy expert, to support green hydrogen projects in Egypt. The deal aims to scope areas in which DNV can support Petrojet with its technical expertise in design verification and project assurance, as Petrojet is seeking a leading role as a green hydrogen […]
Posted inEnergy Transition
ADNOC Drilling, Masdar sign deal for geothermal projects
ADNOC Drilling has signed a 5-year deal with Abu Dhabi’s clean energy pioneer Masdar to develop, invest, and advance energy transition globally and in the UAE. Under the scope of the deal, Masdar will work with ADNOC Drilling on geothermal energy projects. The companies will evaluate the potential for ADNOC Drilling to provide geothermal drilling services. […]
Posted inEnergy Transition
TAQA signs agreement to establish Riyadh-based geothermal venture
PIF-backed Industrialisation and Energy Services Co (TAQA) has signed a joint venture agreement with Reykjavik Geothermal to establish TAQA Geothermal Energy LLC, headquartered in Riyadh, Saudi Arabia. TAQA Geothermal will explore and develop geothermal resources in Saudi Arabia and the MENA region contributing to Saudi and Middle East Green Initiatives’ decarbonisation targets. TAQA said in […]
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