The Port of Hamburg is cooperating with the world's largest hydrogen producer to expand comprehensive hydrogen value chain.
Industry
High EPC spend stimulated the offshore rig market in 2021
Westwood Global Energy Group has revealed that the global offshore rig market closed out 2021 up 200% in activity from the previous year.
Marcellus and Utica shales expected to witness steady production growth until 2025
The Marcellus and Utica shales in the USA were largely unaffected by COVID-19 and natural gas production at these sites is expected to rise at a compound annual growth rate of 5.1% by 2025.
UK Court rejects legal challenge of OGA strategy
The Oil and Gas Authority in the United Kingdom has welcomed a High Court ruling which dismissed environmentalists’ challenge of the regulators’ strategy.
Hydrogen Economy Hints at New Global Power Dynamics
IRENA says green hydrogen could disrupt global trade and bilateral energy relations, reshaping the positioning of states with new hydrogen exporters and users emerging.
Natural gas shortage drove steep increase in carbon prices in 2021
During 2021, emissions trading schemes (ETS) around the world saw record-high carbon prices, with the highest seen in the EU and UK.
However, data and analytics company GlobalData said that prices worldwide were still inadequate to reduce emissions in line with the Paris Agreement. The company highlights that only 22% of greenhouse gases are explicitly priced and less than 4% are priced at $40/ton — the minimum price considered necessary to meet Paris Agreement targets.
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ExxonMobil tops list of top 10 most mentioned oil and gas companies in 2021
The Oil and gas industry is recovering gradually from the impact of the COVID-19 pandemic, which disrupted the supply chain and cratered demand, according to GlobalData.
WEB and Eagle LNG Enter into Landmark LNG Supply Agreement
Eagle LNG Partners, a US company based in Houston, Texas and Jacksonville, Florida, has completed a long-term supply contract to establish a liquefied natural gas receiving and regasification terminal in Aruba with WEB Aruba, the local power and water utility.
With new projects scarce, gas famine looms
The biggest announcement of the fourth quarter was the go-ahead for Woodside’s Scarborough LNG project. However, Scarborough and Barossa are the only two new LNG projects Australia has going while the North West Shelf is already starting to decline.
A ‘Big Step Forward’ for CCS
The voice of Australia’s oil and gas industry said the announcement by Minister for Resources and Water, Keith Pitt, of five new areas in Commonwealth waters marked out for exploring greenhouse gas storage opportunities was another significant step forward to reducing emissions through carbon capture and storage (CCS).