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3 Oil Majors That Bet Big On Renewables

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Big Oil has frequently been chided for merely trying to burnish its green credentials, and so far, it has done little to convince us that it is truly moving forward to greenness. Let this sink in: In 2018, Big Oil spent less than 1% of its combined budget on green energy projects. by Alex Kimani for Oilprice.com.

Oil 418
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bp & Ørsted to produce green H2 at Lingen refinery; industrial-scale electrolyzer powered by offshore wind

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renewable power, producing zero emissions. This will be powered by renewable energy generated by an Ørsted offshore ?wind wind farm in the North Sea and the hydrogen produced will be used in the refinery.?. When powered by renewable ?energy, Renewable hydrogen has to become cost ?competitive west Germany.

Wind 418
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bp Statistical Review shows 4.5% drop in primary energy consumption in 2020; mainly driven by oil

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The Review captures the significant impact the global pandemic had on energy markets and how it may shape future global energy trends. This fall was driven mainly by oil, which accounted for almost three quarters of the net decline. Wind, solar and hydroelectricity generation all grew despite the fall in overall energy demand.

2020 397
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Cepsa to invest €3B in Andalusia to build the largest green hydrogen hub in Europe; additional €2B for renewable power

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Cepsa—the Spain-based multinational oil and gas company—will invest more than €3 billion to establish the Andalusian Green Hydrogen Valley, creating the largest green hydrogen hub in Europe in southern Spain. Due to the abundance of sun and wind in the Iberian Peninsula, the International.

Hydrogen 397
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Ørsted proposes to develop one of the world’s largest renewable hydrogen plants: SeaH2Land

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Ørsted, the world’s leading offshore wind developer, together with the major industrial companies in the North Sea Port cluster, have launched the SeaH2Land vision for a gigawatt scale project to reduce carbon emissions in the Dutch-Flemish industrial cluster with renewable hydrogen.

Hydrogen 284
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Kinder Morgan and Neste partner on major renewable fuels logistics project in US

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Upon completion of the project, Kinder Morgan’s Harvey, Louisiana facility will serve as the primary hub where Neste will store a variety of raw materials including, for example, the used cooking oil it collects from more than 40,000 restaurants across the United States. —Jeremy Baines, President of Neste US.

Renewable 320
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BP selects Tesla batteries for pilot storage project at US wind farm

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BP Wind Energy, through its wholly-owned subsidiary Rolling Thunder I Power Partners LLC, has signed a purchase agreement to install a high-storage battery at its Titan 1 Wind Farm in South Dakota. Situated on 7,500 acres in Hand County, Titan 1 Wind Farm is wholly owned and operated by BP Wind Energy.

Wind 150