Oil & gas Archives - Living Business

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

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 […]

Oman to offer 47-year land concessions for green hydrogen projects

Published on October 31, 2022

Developers of green hydrogen projects in the Sultanate of Oman will be eligible for land concessions spanning 47 years, among other incentives, a key official of the Ministry of Energy and Minerals has stated. Eng Abdulaziz al Shidhani , Director General Renewable Energy and Hydrogen, noted that land allocations – covering blocks of around 320 […]

UN chief says world paying ‘horrific price’ for fossil fuels folly

Published on September 13, 2022

United Nations Secretary-General Antonio Guterres said developing nations were paying a “horrific price” for the world’s reliance on fossil fuels, as he toured parts of Pakistan hit by floods blamed on climate change. Nearly 1,400 people have died in flooding that covers a third of the country – an area the size of the United Kingdom – wiping out crops and […]

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