Baker Hughes, an energy technology company, and SOCAR announced the signing of a contract for an integrated gas recovery and hydrogen sulfide (H2S) removal system that will significantly reduce downstream flaring at SOCAR’s Heydar Aliyev Oil Refinery in Baku, Azerbaijan. The contract was signed at COP29 in Baku, in the presence of Baker Hughes Chairman and CEO Lorenzo Simonelli and SOCAR President Rovshan Najaf. Building on […]

The European Bank for Reconstruction and Development (EBRD) will take part in the 2024 United Nations Climate Change Conference (COP29) in Baku, Azerbaijan, affirming its role as a leader in financing climate action and mobilising private sector finance across its economies. In 2023 alone, the Bank provided over €6.5 billion in green financing, 50 per […]

Eni and the government agency Japan Organization for Metals and Energy Security (JOGMEC) have signed a Memorandum of Cooperation. The MoC aims to collaborate in the gas and LNG field to increase diversification of supply sources. The Memorandum aims to promote the role of gas and LNG in the energy transition pathway, emphasizing the importance […]

Woodside has completed the acquisition of 100% of OCI Clean Ammonia Holding B.V., which holds its lower carbon ammonia project in Texas (Project), from OCI N.V. (together with its affiliates, OCI). The completion follows Woodside’s announcement on 5 August 2024 that it had agreed to acquire OCI’s 1.1 Mtpa Clean Ammonia Project. Following start up […]

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is strengthening its partnership with USAID Power Africa to advance energy transition and environmental decarbonization efforts. The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Engr. Gbenga Komolafe, welcomed a delegation from USAID Power Africa to the NUPRC headquarters in Jabi, Abuja. During the high-level meeting, Engr. […]

Carbon capture, utilisation and storage (CCUS) will be critical to delivering net zero, providing the means for essential hard-to-abate sectors to decarbonise rapidly. So, what’s the outlook for this essential technology over the next decade, and what regulation and policy support is being put in place to make it happen? Drawing on insight from Lens Carbon, […]

 Shell Nederland Raffinaderij B.V., a subsidiary of Shell plc, is to temporarily pause on-site construction work at its 820,000 tonnes a year biofuels facility at the Shell Energy and Chemicals Park Rotterdam in the Netherlands to address project delivery and ensure future competitiveness given current market conditions.As a result, contractor numbers will reduce on site […]

The European Bank for Reconstruction and Development (EBRD) is boosting energy efficiency in Morocco by providing a MAD 150 million (€13.6 million) loan to PROCANEQ, a subsidiary of PROCAN Group, which serves the mining industry. To step up the sector’s green transition, the EBRD financing will be used to purchase new equipment for the extraction and transport of […]

Wärtsilä Gas Solutions (WGS), part of technology group Wärtsilä, will deliver the fuel supply and cargo handling systems for two new gas carriers that will operate with ammonia fuel. The ships are being built at the Hyundai Mipo Dockyards (HMD) in Korea for ship owner EXMAR LPG, a joint venture between EXMAR, a multi-disciplinary maritime and offshore solutions […]

ExxonMobil has signed a non-binding memorandum of understanding (MOU) with SK On, a global leading electric vehicle (EV) battery developer, that opens the door to secure a multiyear offtake agreement of up to 100,000 metric tons of Mobil™ Lithium from the company’s first planned project in Arkansas. SK On plans to use the lithium in […]