A year in review for methanol as marine fuel: 82 ships by 2028
Energy outlook: Oil making a comeback in 2023, says WoodMac
3
Jan
With the global energy crisis still running the show, Wood Mackenzie, an energy intelligence group, has outlined ten predictions for the energy industry in 2023, which point to a rebounding oil demand and surging EV sales, along with some other forecasts for the year ahead. While examining the forces shaping the
Partners explore H2 production using waste plastic gasification facilities in Japan
3
Jan
Three Japanese companies have signed a basic agreement to explore a joint hydrogen production business using waste plastic gasification facilities in the Nagoya Port area. Iwatani Corporation, Toyota Tsusho Corporation and JGC Holdings Corporation signed the agreement in December 2022, stating that the studies for this project have already begun.
Boluda launches towage services in Port of Lubmin, helps accommodate FSRU Neptune
3
Jan
Boluda Towage, part of Spain’s Boluda Corporación Marítima, has dispatched four tugs to Lubmin, a small port located in the German Bay of Greifswald in the Baltic Sea region. The company has played a central role in the planning for the maneuvering of the floating storage and regasification unit (FSRU) Neptune into
Gas investments worth $245 billion across Africa in risk of becoming stranded assets
3
Jan
In a bid to tackle Europe’s energy woes, which resulted from the Ukraine crisis, planned investments in gas infrastructure amounting to a whopping $245 billion are in the pipeline across Africa. However, based on Global Energy Monitor’s report, these are in danger of turning into stranded assets, as they are
Hydrogen needs to grow sevenfold to support global energy transition, report says
3
Jan
A report by Hydrogen Council, a global CEO-led initiative that brings together companies with a united vision, suggests that hydrogen needs to grow sevenfold to support the global energy transition, eventually accounting for 10% of total energy consumption by 2050. The report, named Sufficiency, sustainability, and circularity of critical materials
What will the new year bring to the oil & gas industry?
NTPC, Tecnimont looking into green methanol production in India
2
Jan
India’s largest power generation company NTPC has partnered up with Tecnimont, a subsidiary of Italy’s Maire Tecnimont Group, to explore opportunities to develop a green methanol production facility. Illustration; NTPC’s power plant. Courtesy of NTPC The companies have signed a non-binding memorandum of understanding (MoU) with an aim to jointly evaluate
Inpex invests in Dutch carbon capture technology startup
2
Jan
Japan’s oil and gas producer Inpex has invested in CarbonOrO Holding, a Dutch startup developing a carbon dioxide capture technology expected to reduce cost by enabling the capture and desorption of carbon dioxide mainly contained in the industrial exhaust gas at lower temperatures and higher pressures than conventional technologies. INPEX
Top stories that shaped LNG industry in 2022
2
Jan
The year behind us was marked by a plethora of challenges which have impacted the global energy industry, including liquefied natural gas (LNG) sector. Geopolitical turmoils followed by the worldwide energy crisis culminated in the ongoing race for the security of diverse supplies, with LNG taking the lead. Offshore Energy