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GE, Rosneft to pursue opportunities in Russia’s oil and gas industry, including Arctic offshore

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explore opportunities to jointly develop, manufacture and sell equipment for use in Russia’s oil and gas industry. Rosneft is the leader of Russia’s petroleum industry, and ranks among the world’s top publicly traded oil and gas companies.

Oil 231
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BNEF, Snam, IGU report finds global gas industry set to resume growth post-pandemic; low-carbon technologies for long-term growth

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This trend was already underway before the pandemic, due to cost-competitive gas in key sectors including power, industry and transport, and major regions including Europe, North America and Asia. The development of an international hydrogen market could also accelerate adoption. The hydrogen market is on the verge of a revolution.

Gas 243
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Study finds future-fuel demand for shipping industry equal to entire current global production of renewables

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A new study , commissioned by the International Chamber of Shipping and prepared by Professor Dr. Stefan Ulreich from Germany’s University of Applied Sciences, finds that the global shipping industry will require the equivalent of the world’s entire current renewable energy demand in order to replace fossil fuel use.

Renewable 210
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Dow to invest in water desalination and reuse technologies in Saudi Arabia

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The proposed facility would deliver local supply security of advanced technologies for water desalination and water re-use for potable, non-potable and industrial water serving Saudi Arabia, the surrounding Middle East and North Africa region and emerging markets worldwide. Earlier post.).

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EIA: Global trade in liquefied natural gas grew by 4.5% in 2021

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Bcf/d (4.5%) from 2020, according to The LNG Industry GIIGNL Annual Report 2022 by the International Group of Liquefied Natural Gas Importers ( GIIGNL ). Bcf/d and from Algeria by 0.2 An average of 49.0 billion cubic feet per day (Bcf/d) of liquefied natural gas (LNG) was traded globally during 2021, an increase of 2.2

Gas 259
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SEAT to introduce 500 km MEB-based EV, Leon PHEV in 2020

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Of this amount, €464 million (US$572 million) were earmarked entirely for R&D, a figure which represents close to 3% of the total R&D investment expenses in Spain, making SEAT the leading industrial investor in Spain. From 2013 to 2017, SEAT invested more than €3.3 billion (US$4.1

2020 239
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Europe/US team: transitioning to a low-carbon world will create new rivalries, winners and losers

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Nigeria or Algeria cannot do the same for their oil industry. Financial markets divest fossil-fuel assets and reallocate capital to low-carbon firms. Europe lags behind China and the United States because its single market remains less integrated. Saudi Arabia and Kuwait might, and should be encouraged to do so.

Carbon 207