CATEGORIES

First Biennial Transparency Reports a milestone

COP29 has marked a significant milestone in global climate transparency with the first submissions of Biennial Transparency Reports (BTRS) under the Paris Agreement.

Carbon markets deal ray of hope amidst complexities

A landmark deal was reached by leaders at COP29 on carbon credit trading, establishing new rules for how countries can trade emissions reductions and create funding opportunities to combat climate change.

KEY CLIMATE ACHIEVEMENTS AMID GLOBAL CHALLENGES

COP29 makes strides on carbon markets, transparency, and adaptation, though climate funding, the centrepiece of agreements that deliver progress across all climate pillars, remains a major hurdle

Arab Group stood by fossil fuel at summit

EVEN before the final declaration in Baku, the 22-member Arab Group had made it clear it won't accept any text at COP29 that pushed for transitioning away from fossil fuel, media reports said.

COP29: RICH FAIL TO WALK THE TALK ON CLIMATE FUNDS

At the close of the 29th United Nations Climate Change Conference (COP29) in Baku, Azerbaijan, the world's negotiators failed to meet the expectations of developing nations, leaving many disappointed over the commitment made by developed countries towards climate finance.

Ocean light pollution has been invisible for too long

Scientists increasingly understand the damage done by artificial light and action is needed now, says Thomas Davies of the Global Ocean Artificial Light at Night Network

NSK tapered roller bearings selected for wind turbines

EUROPEAN wind turbine manufacturer NSK is set to use high-load-capacity tapered roller bearings in its 15 MW class offshore wind turbines.

Syensqo launches extrudable PPS for sustainable piping

SYENSQO has introduced Ryton PPS XE-5000NA, the first grade of an innovative extrudable polyphenylene sulfide (PPS) technology.

Aspen Technology launches Microgrid Management System

ASPEN Technology has introduced the AspenTech Microgrid Management System (MMS), a solution for heavy electrical power requirements in industries like refining, chemicals, and mining.

Adnoc Gas uses 3D printing for replacement parts

ADNOC Gas has developed a digital library of critical components for the energy industry, which can be manufactured on demand using advanced 3D printing technology.

Africa's O&G growth offers logistics opportunities

THE African Export-Import Bank has signed a $162.9 million financing agreement with port infrastructure firm APD-Cameroon to support the construction of a $232.8 million port terminal in Douala in June 2024.

APPO chief urges African unity against EU carbon tax

DR Omar Farouk Ibrahim, Secretary General of the African Petroleum Producers Organisation (APPO), delivered a powerful message at the AOW - Investing in African Energy conference, calling for a unified African front in the global energy landscape and warning against the detrimental effects of the European Union's planned carbon border adjustment mechanism (CBAM).

UNOC to develop East African Crude Oil Pipeline

THE Uganda National Oil Company (UNOC), in partnership with TotalEnergies, CNOOC, and the Tanzania Petroleum Development Corporation, is leading the development of the East African Crude Oil Pipeline (EACOP), a 1,443km infrastructure project linking Uganda's Tilenga and Kingfisher oilfields to Tanzania's Port of Tanga.

Angola to award 15 new concessions by year-end

THE National Oil, Gas & Biofuels Agency (ANPG) – Angola’s concession aire and regulator – announced that 15 new concessions will be awarded in Angola before the end of 2024.

Rosatom accelerates African nuclear development

ROSATOM, Russia's state-owned nuclear corporation, is accelerating African nuclear development by supporting the construction of nuclear energy facilities, capacity building, mining activities, and regulatory support.

Germany offers support to 15 firms that cut emissions

GERMANY has awarded support guarantees to 15 companies under the Climate Contracts for Difference (CCfD) scheme, which aims to put the country's industry sector on track towards climate neutrality, according to Clean Energy Wire.

Nigeria signs gas supply deal for $3.5bn petrochemical plant

NIGERIA took a major step in its quest to earn revenue from its vast gas reserves, signing a deal with joint venture partners to supply gas to aproposed $3.5 billion Brass fertilizer and petrochemical plant, an official said.

First SMR projects selected by European Industrial Alliance

THE European Commission (EC) has launched an Industrial Alliance for Small and Medium-Range Nuclear Power (SMRs) to facilitate their development in Europe by the early 2030s, reported World Nuclear News.

Renewables jobs hit record 16.2 million in 2023

THE Renewable Energy and Jobs – Annual Review 2024 by the International Renewable Energy Agency (IRENA) and the International Labour Organisation (ILO) reported the highest ever increase in renewable energy jobs in 2023, from 13.7 million in 2022 to 16.2 million.

Acciona secures $326m green loan for GCC

ACCIONA, a leader in sustainable infrastructure and renewable energy, has secured €300 million ($326 million) in sustainable financing to fund key projects in the Gulf Cooperation Council (GCC) area.

Adnoc boosts stake in Fertiglobe to 86.2pc

ADNOC has completed its acquisition of OCI Global's 50 per cent + 1 shareholding in Fertiglobe, increasing its share in the company to 86.2 per cent.

Forbes names Nasser as sustainability leader

FORBES Middle East has recognised Amin Nasser, President & CEO, Saudi Aramco amongst the region's leaders for sustainability.

Oman to mine critical silica for renewables

MINERALS Development Oman (MDO) has signed a mining concession agreement with the Ministry of Energy and Minerals (MEM), allowing MDO to explore and develop strategic minerals in concession area 51F, located in the Al Wusta Governorate.

Can museums inspire action against climate change?

By weaving climate action into their core mission, museums can help to foster a culture of sustainability and responsibility that resonates far beyond their walls, creating a ripple effect that can create global influence

AI can bridge circular economy & environmental responsibility

As technology evolves, the potential to meet circular economy goals becomes more attainable, but widespread adoption and collaboration across all sectors will be key to realising a sustainable future, JD Ambati tells OGN

Role of robotics in improving construction site safety in O&G

Saudi Aramco researchers Rashid Alrashid, Mahmoud Elzayat, Abdulazez Alshammari explore the use of three robotic machineries in the construction of onshore and offshore hydrocarbon facilities

Key to sustainability: Adapt fast, innovate constantly

Prioritising both immediate operational needs and long-term environmental responsibilities can help pave the way toward a resilient, sustainable energy future, says Johan Helberg, Head of Sales, Aggreko, Africa

Using commercial diplomacy to drive decarbonisation

By addressing the regulatory, technological, financial, and societal aspects of methane emissions, stakeholders can move toward meaningful progress in decarbonisation and a more sustainable future, Aida Araissi tells OGN

Measurement, standardisation role crucial in green hydrogen

As green hydrogen emerges as a cornerstone for low-carbon energy, precise measurement and standardisation are vital for driving investment, fostering innovation, and achieving global net-zero targets by 2030, Frank Janssens tells OGN

EIM launches Bestune SUVs for KSA energy professionals

The robust vehicles are tailored for Saudi Arabia’s oil and gas professionals, combining durability, performance, and exceptional customer service to meet demanding industry needs