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

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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.

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

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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.

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Haldor Topsoe to build large-scale SOEC electrolyzer manufacturing facility to meet customer needs for green hydrogen

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SOECs can be thermally integrated with a range of chemical syntheses, enabling recycling of captured CO 2 and H 2 O into synthetic natural gas or gasoline, methanol, or ammonia, resulting in further efficiency improvements compared with low-temperature electrolysis technologies. —Hauch et al.

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Air Products announces multi-billion dollar net-zero blue hydrogen energy complex in Edmonton, Alberta

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The new facility will capture more than 95% of CO 2 produced by generating hydrogen from the feedstock natural gas and store it safely back underground (i.e., Hydrogen-fueled electricity will offset the remaining five percent of emissions. The project relies on an innovative combination of well-established technologies. blue hydrogen).

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SGH2 building largest green hydrogen production facility in California; gasification of waste into H2

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The plant will feature SGH2’s technology, which will gasify recycled mixed paper waste to produce green hydrogen that reduces carbon emissions by two to three times more than green hydrogen produced using electrolysis and renewable energy, and is five to seven times cheaper. That’s why our partnership with SGH2 is so important.

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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 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% Fossil fuels still dominated energy consumption with 87% market share, while renewables rose fastest but are still only 2% of the global total.

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Today’s Stunted Oil Prices Could Cause Oil Price Shock In 2020

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As Saudi Arabia announces plans to slash production and move their economy away from oil dependency, many industry insiders are predicting that the now over-saturated market will reach an equilibrium with higher commodity prices by 2018 and U.S. by Haley Zaremba for Oilprice.com. oil may not be able to fill.