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The Swedish multinational manufacturing company VOLVO , has said that by 2030 it will only sell electric cars . The company will completely discontinue the manufacturing of all the combustion engines including the hybrid vehicles. VOLVO will be introducing a new line of electric cars and will unveiling its battery only model. In a statement […]
Drax , One of the largest biomass and coal fired power station in England has dropped its plan to build a gas plant in Europe after climate protests. The power station confirmed that it would drop plans to build two combined cycle gas turbines(CCGT) replacing two coal burning units at the Drax site. The decision […]
NEOM , a planned cross-border city in the Tabuk Province of northwestern Saudi Arabia is transforming liveability by redefining Urban Design with a vision what a new future might look might look. Countries across the globe are rethinking their approach, with a major percent of world’s transportation relying on fossil fuels, it is also the […]
The Saudi Arabian public petroleum and natural gas company Saudi Aramco plans for a finance package up to $10 billion that it could offer buyers of its pipeline business unit as the company seeks to extract value from its assets in an era of lower oil prices. The company is in talks with banks to […]
The government of Denmark has approved a plan to build the world’s first artificial energy island in the middle of North Sea which will be capable of producing and storing enough green energy to cover the electricity needs of three million European households. The artificial island will initially have an area of 120,000 sq meters […]
As Royal Dutch shell switches from oil and betting its expertise on power trading and rapid growth in hydrogen , rather than joining its counterparts in a scramble for renewable power assets To reduce the dependency on fossil fuels shell and its European counterparts are seeking new business models, which will intrigue investors concerned about […]
Saudi Arabia Aramco has discovered four new oil and gas fields in the kingdom it is still working on determining the size and shape of the discovered fields. Prince Abdulaziz bin Salman bin Abdulaziz, the energy minister announced Saudi Aramco made these discoveries in different parts of the country; he was quoted as saying by […]
Australian and Japanese company Transborders Energy has signed a MOUS with research, oil and gas industry to develop Australian offshore CO2 capture and storage hub project. It’s a joint partnership between the leaders in oil and gas sector and researchers to co-develop the project – the deepC Store project. In one of five priority technologies, […]
Petronas (Petroliam Nasional Berhad), the Malaysian oil and gas giant will continue to expand its business in renewable energy mainly in solar and wind energy to intensify its flexibility against all challenges that are faced by the oil and gas (O&G) industry. Datuk Seri Mustapa Mohamed, the Minister in the Prime Minister’s Department (Economic Affairs) […]
Saudi Aramco, the state-owned oil company of the Kingdom of Saudi Arabia announced the expansion of its flagship localization program to boost domestic supply chains and to increase local content. It is a notable milestone in the company’s In-kingdom total value Add (iktva) program, through Industrial Investment Program (IIP) the company includes the expansion for […]
Lufthansa’s Boeing 777F aircraft has operated it’s first-ever 100% carbon neutral cargo flight, from Frankfurt Germany using only Sustainable Aviation Fuel (SAF). The air freight flight and logistics service provider transported goods from Siemens Healthineers AG. Sustainable Aviation Fuel refers to synthetic kerosene. It is mainly produced from biomass, such as sustainable or recyclable vegetable […]
Deutsche Bahn, The German Railway Company and Siemens Mobility have announced plans to test hydrogen – powered fuel cell trains. This technology is expected to reduce CO2 emissions and eliminate diesel units. It was mentioned by the companies in a joint statement that testing phase will commence in 2024. To develop hydrogen powered prototype vehicle, […]
