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OMV says it will stop oil and gas production by 2050 in transformation to net-zero

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Austria-based OMV, an international, integrated oil, gas and chemicals company, announced its intention to become a net-zero (Scope 1, 2 and 3) company by no later than 2050. The company can build on a strong position. The production of oil and gas for energy use will be completely stopped by 2050.

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Algae harvesting company OriginOil’s second CLEAN-FRAC licensing agreement targets Canadian oil sands market; urban algae demo project in Paris

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the developer of a process for harvesting algae and cleaning up oil & gas water, announced that its second original equipment manufacturer’s (OEM) agreement will target oil service companies in the Canadian oil sands market. LH was an early private investor in Athabasca Oil Corporation. OriginOil, Inc.,

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Louisiana Governor and Air Products announce US$4.5B blue hydrogen clean energy complex in Eastern Louisiana

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billion clean energy complex to be built in Louisiana that will make the state a leader in the US clean energy transition. Air Products will build, own and operate the megaproject, which will produce more than 750 million standard cubic feet per day (MMSCFD) of blue hydrogen in Ascension Parish, Louisiana.

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Climate and Clean Air Coalition to work with oil and gas companies to reduce emissions

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More than a dozen Ministers from countries around the world released a statement earlier this week calling for accelerated action to substantially reduce venting, leakage, and flaring of natural gas from oil and gas operations worldwide. Ministers from additional CCAC countries are also expected to join the effort.

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IEA: Petrochemicals set to be the largest driver of world oil demand

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Petrochemicals are rapidly becoming the largest driver of global oil demand. Petrochemicals are set to account for more than a third of the growth in world oil demand to 2030, and nearly half the growth to 2050, adding nearly 7 million barrels of oil a day by then. Source: IEA. —Dr Fatih Birol, IEA Executive Director.

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Saudi Aramco and Air Products to build Saudi Arabia’s first hydrogen fuel cell vehicle fueling station; operational 2Q19

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Saudi Aramco and Air Products signed an agreement to jointly-build the first hydrogen fuel cell vehicle fueling station in Saudi Arabia. The use of hydrogen derived from oil or gas to power fuel cell electric vehicles represents an exciting opportunity to expand the use of oil in clean transport. —Ahmad O.

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GE and Clean Energy Fuels Partner to expand LNG refueling infrastructure in US for trucks; new MicroLNG plants

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GE and Clean Energy Fuels are collaborating to expand the infrastructure for natural gas transportation in the United States. As part of the collaboration, Clean Energy Fuels will initially purchase two MicroLNG plants from GE Oil & Gas. —Dan Heintzelman, president and CEO of GE Oil & Gas. Click to enlarge.

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