Operators need a fast solution on their emissions problem. As enthusiasm wanes on North Sea electrification, experts say alternative fuels offer an answer.
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By 2025, biofuels are expected to deliver around $2bn in EBITDA to BP, and more than $4bn by 2030.
Testing has shown "positive results" but more work is needed.
Shell has identified 4 billion euros ($4.5 billion) of potential investments in France in a bid to support the country’s efforts to develop sustainable sources of energy, Le Figaro reported on Saturday, citing an interview with Chief Executive Officer Ben van Beurden.
Hydrogen is the most common element in the Universe. On Earth, nearly all chemical fuels are based on hydrogen, albeit in a bound form as hydrocarbons or other hydrogen compounds.
Simec Atlantis Energy (SAE), owner of the MeyGen tidal array in the Pentland Firth, has teamed up with a Dutch firm in a joint venture to produce environment-friendly fuel for converted coal-fired power stations.
Eni and Kenya have held talks on a number of potential green plans in the East African country, including the conversion of the Mombasa refinery.
Total has carried out the largest LNG bunkering operation ever, at the Port of Rotterdam on November 13.