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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. OMV’s plan foresees emission reduction targets of 30% in operations (Scope 1 & 2) and a 20% reduction target in the product portfolio (Scope 3) for 2030.

Oil 465
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Nacero awards 20-year wind power purchase agreement to NextEra for natural gas-to-gasoline plant in Texas

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Texas-based Nacero, a company seeking to produce low- and zero-lifecycle carbon footprint gasoline blendstock ( earlier post ) has awarded a subsidiary of NextEra Energy Resources, LLC a 20-year power purchase agreement to supply wind power to Nacero’s planned flagship manufacturing facility in Penwell, Texas. Renewable natural gas.

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Snam and Baker Hughes test world’s first hydrogen blend turbine for gas networks

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Baker Hughes and Snam have successfully completed testing of the world’s first “hybrid” hydrogen turbine designed for a gas network. The test paves the way to implement adoption of hydrogen blended with natural gas in Snam’s current transmission network infrastructure. 20 billion cubic meters globally).

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New Fraunhofer membrane technology enables co-transport of hydrogen and natural gas

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Researchers at the Fraunhofer-Gesellschaft have developed a membrane technology for the energy-efficient and economic separation of hydrogen from natural gas. This technology makes it possible for the two substances to be routed through the national natural gas grid together and then isolated from one another at their final destination.

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Equinor and RWE to develop hydrogen-fired power plants in Germany, Norway-to-Germany hydrogen pipeline

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The partners aim to replace coal-fired power plants with hydrogen-ready gas-fired power plants in Germany, and to build production of low carbon and renewable hydrogen in Norway that will be exported through pipeline to Germany. Germany has an ambition to phase out all coal fired power plants by 2030.

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Rolls-Royce launches mtu hydrogen solutions for power generation

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Rolls-Royce is further developing its mtu gas engine portfolio for power generation and cogeneration to run on hydrogen as a fuel and thus enable a climate-neutral energy supply. Already today, gensets powered by mtu Series 500 and Series 4000 gas engines can be operated with a gas blending of 10% hydrogen.

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EIA forecasts US fossil fuel production to reach new highs in 2023

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After declining in 2020, the combined production of US fossil fuels (including natural gas, crude oil, and coal) increased by 2% in 2021 to 77.14 Of the total US fossil fuel production in 2021, dry natural gas accounted for 46%, the largest share. In 2020, US coal production had fallen to its lowest level since 1964.

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