Replace oil and gas? Anyone connected to the Scottish energy sector knows that the investment in creating those high skill, high value, high wage jobs simply isn’t happening on anything like the scale it needs to, writes Dick Winchester.
French energy giant TotalEnergies put a multi-billion dollar plan to produce green hydrogen with Adani Group on hold, pending audits of the Indian conglomerate accused of fraud by a US investor.
The Western Australian government today signed a new Memorandum of Understanding (MOU) with the Japan Bank for International Cooperation (JBIC) covering hydrogen, ammonia, low emission technology and decarbonisation.
Woodside Energy (ASX:WDS) produced record volumes of oil and gas in 2022, the Australian LNG exporter announced today as it released its fourth quarter financials. Woodside is also getting ready for numerous final investment decisions (FIDs) on various projects in 2023.
Carbon capture and storage (CCS) will form a key plank in INPEX’s (TYO:1605) efforts to progressively decarbonise its Ichthys liquefied natural gas (LNG) operations in Australia’s Northern Territory. It will also help Japan’s biggest energy company establish the foundations for the next generation of clean fuels.
Spending on low-carbon projects will increase by $60 billion this year, 10% higher than 2022, led by wind developments, but helped by a significant rise in funding for hydrogen and carbon capture, utilisation and storage (CCUS) infrastructure, Rystad Energy research shows.
By David Rennie, head of low carbon energy, Scottish Enterprise
We are heading into another challenging 12 months for the energy sector. The impact of the coronavirus pandemic, shrinking economies, severe weather events and geopolitical shocks, namely Russian’s invasion and occupation of Ukraine, are being felt keenly.
Woodside Energy has awarded a major contract to Air Liquide Engineering and Construction (Air Liquide) for the liquefaction equipment at its proposed H2OK hydrogen project in Ardmore, Oklahoma, US.
Australia has only one committed hydrogen project out of a vast pipeline of proposals worth A$266 billion ($178 billion), showing the challenge in becoming a major exporter of the zero-carbon but still unproven fuel.
Unlike hydrocarbons, which produce carbon dioxide, heat and water when combusted in the presence of oxygen, hydrogen produces only heat and water. As we seek to decarbonise the UK’s energy sector one of the paths that is being explored is the use of hydrogen within a grid connected gas fired power plant in the UK.
Thailand’s state-backed upstream company PTT Exploration Production (PTTEP) announced it will spend $29 billion between 2023 and 2027 as it aims to boost oil and gas production, as well as diversify into new businesses to cut emissions.
Indonesia, home to the world’s largest geothermal energy potential, is opening tenders seeking investors to develop this giant resource, as it aims to expand the use of renewable energy to meet its net zero goals.
China and Saudi Arabia signed a number of agreements, including on energy and investments, after their leaders met in Riyadh on Thursday at a summit that showcased deep and growing ties beyond oil.
An Energy Industries Council (EIC) report has found that the global demand for hydrogen is expected to fall behind production levels by the end of the decade.