bp profits halve despite LNG and biogas growth
bp’s profits halved to $13.8bn in 2023 on the back of lower energy prices though resilience in the gas sector helped support the multinational energy group’s overall business.
bp’s profits halved to $13.8bn in 2023 on the back of lower energy prices though resilience in the gas sector helped support the multinational energy group’s overall business.
Battery-powered electric vehicles (EVs) are gaining traction in popular culture as the alternative of choice to replace fossil-fuel-powered vehicles. Every major automobile company is moving toward the production of battery-powered vehicles, and consumers are beginning...
Germany is to subsidise four hydrogen power plants totalling 10GW capacity, with tenders to be put out ‘at short notice’.
Italian energy infrastructure company Snam has unveiled its plans to launch a market test on hydrogen demand in Italy in conjunction with a collection of non-binding expressions of interest for the transport and storage of...
Venture Global will have access to 3 million tonnes per annum (Mtpa) of LNG storage and regasification capacity at the Isle of Grain LNG receiving terminal for 16 years from 2029 – marking its first...
A new hydrogen initiative encompassing Central European and Baltic States has launched the start of its efforts to foster a robust hydrogen economy in the regions after signing an official term sheet agreement at the...
Sempra Infrastructure has joined forces with the Japan Bank for International Cooperation (JBIC) to strengthen the energy supply chain through liquefied natural gas (LNG), hydrogen, and other decarbonisation efforts.
A carbon dioxide (CO2) capture and storage value chain between Japan and Australia is to be studied by Mitsui OSK Lines (MOL) and JX Nippon Oil & Gas Exploration Corp. after both companies signed an...
Global Thermostat has commercialised its latest direct air capture (DAC) technology to enhance the growth of microalgae biomass used to produce renewable fuels in Kailua-Kona, Hawaii.
A new report has confirmed that North America signed more long-term contracts for the export of liquefied natural gas (LNG) than any other continent in 2023, but President Joe Biden’s recently announced limits on such...