ENERGY NEWS

ABB urges greater adoption of high-efficiency motors and drives to combat climate change

In a new whitepaper, ABB reveals potential for significant energy efficiency improvements in industry and infrastructure enabled by the latest and most high-efficiency motors and variable speed drives. ABB calls on governments and industry to accelerate adoption of the technology to help combat climate change. read more

Baseload Capital closes equity round of $25m with Chevron as new strategic investor

Baseload Capital – the Swedish company specialised in funding the deployment of heat power worldwide – has announced the successful close of a US$25 million funding round with Chevron Technology Ventures as a new strategic investor. read more

Eco Wave Power wins Global Innovation Award 2021 at Abu Dhabi Sustainability Week

Eco Wave Power (EWPG Holding AB) – a Swedish-Israeli wave energy developer – has won the public voting for the Global Innovation Award, in the ‘Life Under Water’ category, at Abu Dhabi Sustainability Week. The company’s innovative wave-to-energy solution generates clean electricity from ocean and sea waves. read more

GECF unveils fifth edition of Global Gas Outlook 2050

The Gas Exporting Countries Forum (GECF), the global platform of the leading gas producing nations, today unveiled the 5th edition of its annual GECF Global Gas Outlook 2050 (Outlook) at an online event attended by energy ministers and senior representatives from the Forum’s Member Countries, alongside a bevy of dignitaries and gas industry stakeholders. read more

Legendary race-car driver Mario Andretti joins the hydrogen fuel movement

The Andretti Group – headed up by racing legend Mario Andretti – is entering an agreement with PowerTap Hydrogen Fueling Corp. to install PowerTap’s proprietary hydrogen production and fuelling modules across the Group’s network of gas stations in the US. Starting with California, Andretti Group's footprint of gas stations will make hydrogen fuel accessible to a wide west coast network, amidst forecasts that hydrogen will take 25 per cent of oil demand by 2050. read more

Quantafuel and Geminor initiate industrial partnership

Energy company Quantafuel ASA has acquired 40 per cent of the shares in resource management company Geminor AS. The acquisition makes the two Norwegian companies industry partners and leading players in the development of chemical recycling of plastics in Europe. read more

Wärtsilä to support Denmark’s fossil-free ambition with two large-scale biogas upgrading plants

Technology group Wärtsilä will supply two large-scale biogas upgrading plants to different locations in Denmark. The order was placed by Nature Energy – the world’s leading biomethane company. By injecting biomethane – the end-product of upgraded biogas – into the gas grid, Denmark will be taking an important step towards its stated ambition of becoming a climate-neutral and fossil-free nation. read more

Kongsberg Digital cements leading position in energy sector’s digital transition

The status of Kongsberg Digital as the forerunner of digital transformation within the oil & gas sector has been recognised with three awards at the 2020 Digital Oil & Gas Asia Summit (DOA 2020) held in Beijing, China. read more

ADIPEC, the world’s largest oil & gas industry gathering, is set to convene virtually next week

The Abu Dhabi International Petroleum and Exhibition Conference (ADIPEC) 2020 Virtual Conference – the world’s largest gathering of oil and gas industry players – is set to begin on Monday, November 9, 2020. read more

German battery firm instagrid wins Start Up Energy Transition (SET) Award

instagrid GmbH – a specialist for high-power portable battery systems – has been selected from 570 international applicants to win the Start Up Energy Transition (SET) Award 2020 in the ‘Renewable Energies and Materials’ category. read more

Eco Wave Power’s Inna Braverman recognised amongst 2020’s top Meaningful Business Leaders

Meaningful Business – a global platform for leaders combining profit and purpose – has recognised Israeli entrepreneur Inna Braverman of Eco Wave Power (EWPG Holding AB) in its Top 100 index for 2020. The award recognises outstanding business leaders worldwide who are combining profit and purpose to help achieve the UN Sustainable Development Goals. read more

Executive Board Meeting of Gas Exporting Countries Forum explores outlook to 2050

The Gas Exporting Countries Forum (GECF) has held its 37th Executive Board Meeting via videoconference, gathering high-ranking officials from across the globe to explore insights, challenges and forecasts for gas exporting nations in the years and decades ahead. read more

Azelio and JET ENERGY in MoU to develop storage projects with solar PV in Africa

Azelio has signed a Memorandum of Understanding (MoU) with Morocco-based JET ENERGY explore energy storage projects utilising Azelio’s TES.POD technology in Francophone Africa. read more

Fortum and MIT’s 3-year tie-up could help make small modular reactors a reality

European energy company Fortum and the Massachusetts Institute of Technology (MIT) have entered into a three-year co-operation project to create an open-source tool for the techno-economic modelling of small modular reactor (SMR) projects. Through the modelling work and the sensitivity analysis of the results, the two parties hope to generate greater understanding of SMR projects and characteristics. read more

Ocean Harvesting Technologies secures €300k from Lundin Foundation to advance next phase of wave tech

Ocean Harvesting Technologies – a Swedish pre-commercial renewable energy company striving to be a market leader in wave energy technology – has been awarded a €300,000 investment from Lundin Foundation. The investment matches an earlier grant from the Swedish Energy Agency to provide Ocean Harvesting Technologies with the required funding to prototype the next development phase of the firm’s novel InfinityWEC technology.  read more

AI and smart meters are helping businesses become safer, greener and more competitive. Here’s how.

Artificial intelligence (AI) and smart meters are helping businesses become safer, more sustainable, and also more competitive. Bjoern Reinke – Director of Data and Data Science at Haven Power  – explains how. read more

“Decentralisation, decarbonisation and digitalisation” to shape global power sector in the decade ahead, finds study

Frost & Sullivan’s recent analysis – ‘Growth Opportunities from Decarbonization in the Global Power Market, 2019-2030’ – reveals that the 2020s will be crucial for all participants in the power industry, as the transition toward renewable energy is expected to increase, while coal takes a downturn in most developed markets. read more

Latest issue – Vol 1/21
Lead stories
– Innovation focus
– Customer Experience strategies
– Catalysing growth in the Gulf’s chemical  sector
OFC_IndNetmag0121_large.jpg
  • Twitter Social Icon
  • Facebook Social Icon

1/3

1/1

AUTOMA 2021 - Oil and Gas Automation and Digitalization Congress

BGS ONLINE PLATFORM

The 21st China International Petroleum & Petrochemical Technology and Equipment Exhibition (cippe2021)

NEW CHINA INTERNATIONAL EXHIBITION CENTER, BEIJING, CHINA

36th International Scientific & Expert Meeting of Gas Professionals

CONGRESS CENTER OF THE GRAND HOTEL ADRIATIC, OPATIJA, CROATIA