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Oil sands company Suncor Energy strengthens its focus on hydrogen and renewable fuels, divesting wind and solar

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Suncor Energy, a Canadian integrated energy company that is one of the top oil sands producers in the country, will strengthen its focus on hydrogen and renewable fuels to accelerate progress towards its objective to be a net-zero company by 2050. In 2002, Suncor partnered with Enbridge to build one of the first renewable.

Oil-Sands 225
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Equinor Energy & Mitsubishi Heavy to collaborate on low-carbon technology to reduce carbon footprint of oil & gas operations

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Norway-based energy company Equinor Energy and Mitsubishi Heavy Industries (MHI) signed a Memorandum of Understanding (MoU) for a low-carbon technology collaboration. The non-exclusive cooperation agreement will see both companies develop and use technology to reduce the carbon footprint of oil & gas operations.

Carbon 191
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Renewable oils company Solazyme enters oil & gas drilling market with Encapso lubricant

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a renewable oil and bioproducts company, is entering into the oil and gas drilling fluids additive market. As long as the oil and gas industry continues to extract fossil fuels, we at Solazyme view it as an imperative that it is done in a more sustainable way to protect the environment for generations to come.

Oil 210
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Foxconn partnering with Thailand’s PTT to build EVs; MIH open EV platform

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PTT is a Thai state-owned oil and gas company and the largest publicly listed conglomerate in Thailand. It will build on Foxconn’s recently-established MIH industry alliance , an open network that enables developers and manufacturers to offer a complete software and hardware platform to build electric cars.

Thailand 334
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IHS Markit: conventional oil & gas discoveries at lowest levels in 70 years; major rebound unlikely

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Conventional oil and gas discoveries during the past three years are at the lowest levels in seven decades and a significant rebound is not expected, according to a new report by global business information provider IHS Markit. —Keith King, senior advisor at IHS Markit and a lead author of the IHS Markit E&P trends analysis.

Oil 199
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Bloom Energy and Samsung Heavy Industries team up to build ships powered by solid oxide fuel cells running on natural gas

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Bloom Energy is the world’s leading provider of stationary fuel cells and SHI is one of the world’s largest shipbuilding companies. SHI aims to be the first shipbuilder to deliver a large cargo ship for ocean operation powered by fuel cells running on natural gas. Bloom Energy Servers use natural gas, biogas or hydrogen as fuel.

Gas 281
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JFE Steel, Emirates Steel and Itochu to study building supply chain for low-carbon ironmaking

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JFE Steel Corporation, Itochu Corporation and Emirates Steel Arkan, the largest steel company in the United Arab Emirates (UAE), will conduct joint detailed feasibility studies on the establishment of a supply chain of ferrous raw material for green ironmaking with low-carbon emission at the project site in Abu Dhabi.