Oil & gas Archives - Living Business

category="<a href="https://livingbusiness.com/category/environment/" rel="tag">Environment</a>,<a href="https://livingbusiness.com/category/ghg-emission-reduction/" rel="tag">GHG emission reduction</a>,<a href="https://livingbusiness.com/category/environment/greenhouse-gas-emissions/" rel="tag">Greenhouse gas emissions</a>">Industry: Oil & gas

Energy industry unites and demonstrates commitment to decarbonising at record breaking ADIPEC 2023

Published on October 6, 2023

ADIPEC 2023 closed today, with the global energy industry delivering a clear message that it is united in its commitment to decarbonise and to fast-track the energy transition, while continuing to meet global energy needs. The event achieved a record-breaking attendance of over 184,000, the largest edition of ADIPEC ever. Building on its nearly 40-year […]

UAE’s ADNOC to proceed with Habshan carbon capture project

Published on September 11, 2023

Abu Dhabi National Oil Company (ADNOC) said on Wednesday it had reached a final investment decision to develop the Habshan carbon capture project. The carbon capture, utilisation and storage (CCUS) project will have the capacity to capture and permanently store 1.5 million metric tons of carbon dioxide a year, ADNOC said in a statement. ADNOC […]

COP28 President-Designate emphasises importance of energy industry as part of solution at COP28

Published on March 7, 2023

Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and COP28 UAE President-Designate, today emphasised the integral role that the oil and gas industry plays in solving the climate challenge during his keynote remarks at CERAWeek. Speaking at the plenary on the first day, Dr. Al Jaber explained, “Energy leaders have the […]

Al Fattan Energy, and LTechUVC of South Korea sign an investment contract of $400 million for the production of green ammonia

Published on February 10, 2023

Al Fattan Energy will join hands with LTechUVC, a company based in South Korea, to produce green hydrogen-based ammonia. On January 19, Al Fattan Group and LTechUVC, a hydrogen-based smart city consulting company in Korea, attended Al Fattan Energy headquarters in Abu Dhabi for the official signing of a “200MW green hydrogen-based ammonia business investment […]

Estedama and CDE commission soil remediation plant

Published on February 5, 2023

Estedama, a fully integrated environmental solutions service company based in the Eastern Region of Saudi Arabia, continues to strengthen its waste recycling capabilities as it announces plans to invest in a contaminated soil wash plant designed and engineered by CDE. The wash plant will be commissioned at Estedama’s Al Damman facility where it will process a range of oil-contaminated waste materials from around Saudi Arabia. transported by the company’s own fleet of tanker […]

UK substantially underestimates its methane emissions from oil and gas production – and many other countries probably do too

Published on January 28, 2023

A newer, more accurate method for calculating methane emissions from offshore oil and gas production suggests that the United Kingdom severely underestimates its greenhouse gas emissions. Researchers conclude that as much as five times more methane is being leaked from oil and gas production than reported. Methane is the second most important greenhouse gas after […]

Masdar in deal with four Dutch firms to explore exporting green hydrogen

Published on January 17, 2023

Masdar, one of the world’s leading clean energy companies, Port of Amsterdam, SkyNRG, Evos Amsterdam and Zenith Energy have signed a Memorandum of Understanding (MoU) to explore the development of a green hydrogen supply chain between Abu Dhabi and Amsterdam to support Dutch and European markets. The MoU was signed by Mohamed Jameel Al Ramahi, […]

Khalifa University partners with Zero Carbon Ventures for research into groundbreaking decarbonization technology

Published on January 15, 2023

The Research and Innovation Center for Graphene and 2D Materials (RIC-2D) based in Khalifa University of Science and Technology, an internationally top-ranked research-intensive university located in Abu Dhabi, UAE and Zero Carbon Ventures, a company dedicated to bringing carbon-reducing technologies to the Middle East, have joined forces to develop local applications for carbon reduction LOOP […]

HSBC to stop funding for new oil and gas fields

Published on December 20, 2022

HSBC will stop financing new oil and gas fields and will not on board new clients which are investing heavily in exploration. The bank said its move to end financing, for all and any new fields where a final investment decision was taken after 31 December 2021, is consistent with the IEA’s Net‐Zero Emissions (NZE) by 2050 […]

Tristar CEO urges corporate boards to make sustainability a top board item

Published on November 14, 2022

Tristar Group CEO Eugene Mayne reiterated in a recent global business gathering in London that a great majority of CEOs have begun recognizing that Environmental, Social and Governance (ESG) as well as Sustainability issues are now guiding corporate strategies of forward-looking companies. In his Keynote Address on Sustainability, on November 10 in London, at the […]

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