article thumbnail

Aramco awards $10B in contracts for vast Jafurah shale gas field development

Green Car Congress

In late November, the Saudi Arabian Oil Company (Aramco) announced the start of development of the vast Jafurah unconventional gas field, the largest non-associated gas field in the Kingdom of Saudi Arabia. It will make Saudi Arabia one of the world’s largest natural gas producers.

article thumbnail

Aramco, Shandong Energy to collaborate on downstream projects in China; cooperation across H2, renewables and carbon capture technologies

Green Car Congress

The scope of the MoU extends to cooperation across technologies related to hydrogen, renewables and carbon capture and storage. During a summit of Gulf Arab leaders held in Riyadh, President Xi said that China would work to buy oil and gas in yuan—a move that would weaken the US dollar’s grip on world trade.

article thumbnail

AFRY, RINA study points to feasibility and attractiveness of Gulf-to-Europe hydrogen pipeline

Green Car Congress

With abundant renewable energy sources (RES) and natural gas reserves, the Gulf region is set to become a leading global producer of green and blue hydrogen, ammonia and other synthesis products. The results suggest a transformative opportunity to unlock the Gulf’s potential as a cost-effective source of low-carbon hydrogen for Europe.

Europe 370
article thumbnail

Baker Institute team says fossil fuel subsidies need global reform

Green Car Congress

of GDP in China to nearly 6% of GDP in Saudi Arabia, where, despite two cycles of price hikes, 60% of the cost of energy products and services continued to be borne by the state. Saudi Arabia, for example, has “successfully reduced its long-standing discounts on fossil fuels, which, compounding over four decades, made it the world No.

article thumbnail

ACWA Power to develop Uzbekistan’s first green hydrogen and green ammonia projects

Green Car Congress

ACWA Power will oversee the full value chain of integration to this existing infrastructure project to green hydrogen, which is expected to improve the service factor of the facility and reduce its dependence on natural gas. The country is the second largest in terms of value for the company after its home market of Saudi Arabia.

Green 218
article thumbnail

Haldor Topsoe and Nel ASA to offer end-to-end green ammonia and eMethanol solutions

Green Car Congress

Haldor Topsoe and Nel ASA have entered a memorandum of understanding (MOU) with the intent to offer customers complete solution for green ammonia and methanol produced with renewable electricity. Together, we can offer end-to-end renewable electricity to ammonia and methanol solutions based on the most reliable technologies available today.

article thumbnail

Eni report: global oil reserves and oil production up in 2018 due to US

Green Car Congress

Eni has released the 18 th edition of the World Oil, Gas and Renewables Review , the annual statistics report on oil, natural gas and renewables sources. The second volume, the World Gas and Renewables Review , focused on natural gas and renewables sources (solar, wind and biofuels), will be published in autumn.