Oil and Gas News

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Nov 10, 2022
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8 Rivers Capital and JX Nippon Oil and Gas Exploration Corporation have signed a new memorandum of understanding (MoU). This is to evaluate the US Gulf Coast for the commercial-scale deployment of 8 Rivers technologies across ammonia and other net-zero projects, including potential projects using CO2-rich natural gas. This builds on the existing efforts by JX and 8 Rivers under the…
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Sep 27, 2022
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KBR has signed an engineering agreement with Giammarco-Vertrocoke  to license its carbon capture technology globally. This carbon capture technology is energy efficient and can be integrated across the value chain for blue ammonia, petrochemical, and refining industries. "We are excited to enter into this agreement with Giammarco-Vetrocoke, as it enables us to integrate and deploy critical…
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Sep 16, 2022
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The UK Government is exploring the development of innovative low-carbon technologies such as hydrogen, while a 5GW national capacity target for hydrogen will be doubled to 10GW. Through the Government’s UK Export Finance, a £400 million (€456 million) sustainability-linked loan has been underwritten and given to Johnson Matthey, a London-based conglomerate company specialising in chemicals,…
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Sep 15, 2022
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Mitsui Chemicals has asked Shell Catalysts & Technologies (SC&T) for its Shell S-896 catalyst, which will to provide important economic benefits from raw material ethylene savings. It will als help the organisation meet the decarbonisation goals for their ethylene oxide (EO) refinery in Osaka, Japan. This announcement builds on more than two decades of work between the two…
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Sep 5, 2022
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UK-based CPH2 has entered into an agreement with Bentec an operating company entity of Kenera Energy Solutions. The agreement brings together CPH2’s innovative membrane-free electrolyser (MFE) technology, which uses cryogenics to separate oxygen from hydrogen, and Kenera’s international client base and manufacturing capabilities. Kenera is a newly formed business unit within leading…
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Aug 25, 2022
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Trelleborg will discuss its world-leading liquified natural gas (LNG) transfer solutions and share some of its latest product developments at the Gastech Conference and Exhibition. The event takes place from September 5-8 at the Fiera Milano exhibition centre, Milan. As part of the main conference during Gastech, Trelleborg industry specialist, Andrew Stafford, technical director, will present…
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Aug 12, 2022
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BP has reported its biggest quarterly profit for 14 years after oil and gas prices soared. The energy giant saw underlying profits hit £6.9 billion (€8.2 billion) between April and June - more than triple the amount it made in the same period last year. It comes as typical household energy bills have been forecast to hit more than £3,600 a year this winter. The bumper profits have prompted…
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Jul 20, 2022
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Clean Power Hydrogen (CPH2) that has developed the Membrane-Free Electrolyser (MFE) has signed its first licence agreement with GHFG. This is for the construction of two gigawatts of MFE electrolysers over a period of up to 20 years. GHFG is a joint venture between international renewable independent power producer, Alternus Energy Group Plc and Eric Whelan, CEO of Irish based developer,…
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Jul 19, 2022
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TÜV SÜD National Engineering Laboratory is urging businesses within the oil and gas industry to take advantage of funding offered by Innovate UK as part of its Analysis for Innovators (A4I) programme. The next competition for grant funding opens in August, with a second opportunity expected in November. A4I gives UK companies of any size access to the UK’s top scientists and most advanced…
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May 25, 2022
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Emerson and Toyota Australia have collaborated to transform part of Toyota Australia’s operations into a commercial-grade hydrogen production, storage and refueling plant. The project, supported by the Australian Renewable Energy Agency (ARENA), adopts Emerson’s automation expertise to provide the control system that helps Toyota Australia demonstrate the technical and economic feasibility…
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May 20, 2022
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Indonesia's state energy company PT Pertamina will jointly work on carbon capture technology with French gas company Air Liquide. Pertamina and Air Liquide Indonesia, signed a joint study agreement on capturing carbon emissions from its Balikpapan hydrogen production facility and storing the carbon in the Kutai basin area, off East Kalimantan province. Some of the emissions would be converted…
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May 13, 2022
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The European Commission has unveiled a €195 billion proposal to halt the imports of Russian fossil fuels by 2027, Reuters has reported. The news agency said that the draft measures will combine a faster rollout of renewable energy and energy savings. “The draft measures, which could change before they are due to be published next week, include a mix of EU laws, non-binding schemes, and…
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May 5, 2022
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Oil and gas major Shell has reported its highest ever quarterly profits as prices surged globally. Shell made $9.13 billion (€8.6 billion) in the first three months of 2022, nearly triple its $3.2 billion (€3 billion) profit it announced for the same period last year. However, the company also revealed that said exiting from the Russian oil and gas market due to the Ukraine conflict had…
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Apr 21, 2022
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Shell has published its Energy Transition Progress Report 2021 detailing the company’s progress over the past year. This report is sset to be put to shareholders for an advisory vote at the Annual General Meeting on 24 May. “In a time of great uncertainty, it is vital that our long-term energy transition strategy remains on track,” said Ben van Beurden, Shell’s chief executive officer.…
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Apr 13, 2022
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Protesters have been blockading fuel distribution terminals across the UK over the past fortnight as reports of shortages at petrol station forecourts have begun to spread as fuel deliveries are hit. Supporters of the Just Stop Oil campaign have taken action at 11 different fuel terminals in England since the start of the month, blockading and trespassing on sites to stop tankers entering,…
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Mar 23, 2022
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ABB has been awarded two major contracts by Plug Power Inc to provide the electrical systems for two new hydrogen plants in North America. This is set to collectively produce 60 tons of green hydrogen per day. Green hydrogen is produced with renewable energy sources and emits zero carbon when used as fuel. The first plant, Project Gateway, in Genesee County, New York, will be North America’s…
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Feb 8, 2022
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Oil giant bp has reported its highest profit for eight years. bp posted a profit of $12.8bn (€11.2 billion) for 2021, as the oil and gas company reported an update on its strategic transformation. BP chief executive Bernard Looney said: " “Over the past two years we have set a new purpose, direction and strategy for bp, and completed the largest re-organisation in our history. With this…
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Feb 4, 2022
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A possible cyber-attack has resulted in IT systems being disrupted at oil transport and storage facilities across Europe. The Oiltanking in Germany, SEA-Invest in Belgium and Evos in the Netherlands have all suffered disruptions in recent days. According to the BBC, Belgian officials are probing the cyberattack that's affected SEA-Invest terminals including the company's largest in Antwerp,…
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