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3 Oil Majors That Bet Big On Renewables

Green Car Congress

An analysis of near-term spending plans on renewables by the biggest oil and gas companies shows that real investments in renewable energy will continue to pale in comparison to capex plans for greenfield fossil fuel projects. Good case in point: Italian multinational oil and gas giant Eni S.p.A. 2 Total SA.

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Volkswagen to debut XL1 PHEV prototype at Qatar Motor Show; fuel consumption of 0.9 L/100 km (261 mpg US)

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Volkswagen is staging the world debut of its XL1 diesel plug-in hybrid electric vehicle (PHEV) prototype at the Qatar Motor Show this week. The prototype, representing the third evolutionary stage of Volkswagen’s 1-liter car strategy ( earlier post ), features combined fuel consumption of 0.9 Hybrid system.

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Fusion Fuel Green partners with CCC to develop green hydrogen demonstrator plants in Middle East

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Ireland-based electrolyzer company Fusion Fuel Green PLC will collaborate with Consolidated Contractors Group S.A.L. CCC and Fusion Fuel have agreed to cooperate on projects involving the production of green hydrogen for potential clients in the refining and petrochemical industries in order to reduce their carbon footprint.

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JGC awarded EPC contract for CoolGen coal IGCC demonstration plant in Japan

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The lump-sum turnkey contract calls for the EPC services associated with construction of gas purification and other core facilities for an oxygen-blown Integrated Coal Gasification Combined Cycle demonstration plant with a generating capacity of 170MW class. the Chugoku Electric) and Electric Power Development Co.,

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BP Statistical Review finds global oil share down for 12th year in a row, coal share up to highest level since 1969; renewables at 2%

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Oil remains the world’s leading fuel, but its 33.1% The averages hide a mixed picture by fuel, however. Oil demand grew by less than 1%—the slowest rate amongst fossil fuels—while gas grew by 2.2%, and coal was the only fossil fuel with above average annual consumption growth at 5.4% Source: BP.

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Baker Institute: End of the ‘Big Oil giveaway’ is underway in the Persian Gulf

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In recent years, all six Gulf monarchies—Saudi Arabia, the United Arab Emirates (UAE), Kuwait, Oman, Qatar and Bahrain—have begun to challenge the notion that citizens are entitled to cheap energy. The authors said energy subsidies have long outlived their usefulness.

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Sasol, GE develop new anaerobic microbial technology for cleaning of Fischer-Tropsch waste water; boosting gas-to-liquids (GTL) value proposition

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Sasol and General Electric (GE: NYSE)’s GE Power & Water have together developed new technology that will clean waste water from Fischer-Tropsch plants used to produce synthetic fuels and chemicals, while also providing biogas as a by-product for power generation. The treatment of GTL-derived effluents is complex and challenging.

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