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Oman to set up Net Zero Centre | Decarbonisation

© Oman Ministry of Energy and Minerals © Oman Ministry of Energy and Minerals Oman is to set up a Net Zero Centre to monitor the implementation of projects and provide technical support as it strives to meet its goal of zero neutrality by 2050. The Sultanate, which benefits from abundant solar and wind resources, is actively targeting hydrogen, ammonia and low-carbon development and exports, with more than 50,000sq km currently allocated to green hydrogen production. The Centre will help in adopting and transferring the latest international practices and technologies while supporting scientific research, innovation, and developing national capabilities. Eight projects have been awarded to date, which are expected to produce 1,380 ktpa of green hydrogen. It will also oversee the registration and approval of requests for carbon certificate trading at the domestic level, ensuring… Read More »Oman to set up Net Zero Centre | Decarbonisation

Rig market and oil & gas mergers and JV blockbuster moves mark 2024

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A consolidation wave is sweeping across the challenging and shifting global energy landscape, as companies in the hydrocarbon exploration and production (E&P) and offshore drilling domains, alongside others across the entire energy industry and supply chain, race to secure their spots among the top contenders with a long market life span to benefit from a spike in global energy demand. The post Rig market and oil & gas mergers and JV blockbuster moves mark 2024 appeared first on Offshore Energy.

After Baker Hughes another US firm lands job on Louisiana LNG

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Chart Industries has been selected to supply some of the required pieces to complete a proposed liquefied natural gas (LNG) terminal puzzle in Louisiana, United States. The post After Baker Hughes another US firm lands job on Louisiana LNG appeared first on Offshore Energy.

American LNG project cheers 800th cargo milestone

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A liquefied natural gas (LNG) export project in Texas, United States (U.S.), has marked the shipment of 800 cargos. The post American LNG project cheers 800th cargo milestone appeared first on Offshore Energy.

Report calls LNG ‘a false solution’ harming the climate, urging banks to stop financing export terminals

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Non-governmental research and campaigning organization Reclaim Finance and BankTrack, an international tracking, campaigning, and civil society support organization targeting private sector commercial banks and the activities they finance, have published a report asking banks to stop financing liquefied natural gas (LNG) export terminals which they believe are causing damage to the environment. The post Report calls LNG ‘a false solution’ harming the climate, urging banks to stop financing export terminals appeared first on Offshore Energy.

2024 energy plays in review: Uptick in renewables and clean tech, but oil & gas still hold energy security keys

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As another turbulent year for the energy markets, 2024 witnessed a further escalation in geopolitical tensions and conflicts, leading to a mixed bag of achievements, missed opportunities, and rough energy seas not only for the goal of tripling clean sources of supply but also for dominant fossil fuels, which showed their resilience in the face of multiple legal challenges aiming to shut oil, gas, and liquified natural gas (LNG) down. The post 2024 energy plays in review: Uptick in renewables and clean tech, but oil & gas still hold energy security keys appeared first on Offshore Energy.