Monday, June 15, 2026
Invest $131 trillion in clean energy by 2050 to hit climate goals, agency says- oil and gas 360

Invest $131 trillion in clean energy by 2050 to hit climate goals, agency says

Reuters LONDON – Planned investment in clean energy must increase by 30% to a total of $131 trillion by 2050 to avert catastrophic climate change, with the need to massively scale up hydrogen production particularly acute, according to a study here published on Tuesday. In its annual flagship report, the International Renewable Energy Agency underscored the scale and pace of change

Sustained higher oil prices to spur U.S. output growth: JP Morgan- oil and gas 360- oil and gas 360

German steel powerhouse turns to ‘green’ hydrogen produced using huge wind turbines

CNBC A major green hydrogen facility in Germany has started operations, with those behind the project hoping it will help to decarbonize the energy-intensive steel industry in the years ahead. The “WindH2” project involves German steel giant Salzgitter, E.ON subsidiary Avacon and Linde, a firm specializing in engineering and industrial gases. Hydrogen can be produced in a number of ways. One method includes using

Energy firms bet on hydrogen boom, but payday far away- oil and gas 360

Energy firms bet on hydrogen boom, but payday far away

Reuters Governments and energy companies are placing large bets on clean hydrogen playing a leading role in efforts to lower greenhouse gas emissions, but its future uses and costs are highly uncertain. “Without hydrogen by 2050 we cannot aim to be a net zero (carbon) economy,” Royal Dutch Shell CEO Ben van Beurden told the CERAWeek online conference this week.

Europe pulls ahead in race for hydrogen, as global project pipeline grows: report- oil and gas 360

Europe pulls ahead in race for hydrogen, as global project pipeline grows: report

Reuters BRUSSELS – Most of the world’s planned hydrogen projects and the biggest chunk of related investments this decade are expected to be in Europe, an industry report said on Wednesday, as the continent races to scale up the low-carbon fuel to meet climate goals. The European Union has made hydrogen a key plank in its aim to eliminate its

OGE, Thyssenkrupp and Equinor hatch hydrogen plan for Duisburg steel- oil and gas 360

OGE, Thyssenkrupp and Equinor hatch hydrogen plan for Duisburg steel

Reuters FRANKFURT- German gas transmission system operator OGE, steel producer Thyssenkrupp and Norwegian energy company Equinor on Tuesday said they would deepen cooperation to help cut carbon emissions from a Thyssenkrupp plant in Duisburg, Germany. The three said a feasibility study for the project, started in October 2019 and known as H2morrow, had shown that it would be possible to

Green hydrogen is gaining traction, but still has massive hurdles to overcome- oil and gas 360

Russia Looks To Become Leader In Hydrogen Tech

OilPrice Russia’s mineral and energy wealth has given it a second chance in global affairs after the Cold War and the implosion of the Soviet Union. Oil and gas exports have provided the necessary income to rebuild the country and exert influence abroad. The energy transition is the ‘Sword of Damocles’ hanging over the Russian fossil fuel industry. Moscow, therefore,

Italy's Snam, A2A team up to help FNM with hydrogen trains- oil and gas 360

Italy’s Snam, A2A team up to help FNM with hydrogen trains

Reuters MILAN – Italian gas group Snam and regional utility A2A are teaming up to look at ways of fueling Italian transport group FNM’s new hydrogen trains from renewable energy sources, the three companies said on Tuesday. FNM said in November it would invest as much as 160 million euros ($196 million) to buy a series of hydrogen-powered trains from

Canada launches strategy to become global hydrogen leader

WNN The Canadian government has launched a strategy that sees low-carbon and zero-emission hydrogen fuel technology as a key part of the nation’s path to net-zero carbon emissions by 2050. The strategy is underpinned by a federal investment of CAD1.5 billion (USD1.2 billion) in a Low-carbon and Zero-emissions Fuels Fund to increase the production and use of low-carbon fuels, including

EU to shift funding away from gas, into low-carbon energy- oil and gas 360

EU to shift funding away from gas, into low-carbon energy

Reuters BRUSSELS – The European Commission on Tuesday proposed rules to restrict funding for natural gas projects and instead funnel cash into low-carbon technologies to meet climate goals. The EU’s “TEN-E” rules define which cross-border energy projects are eligible to receive certain EU funding and fast-tracked permits. The Commission on Tuesday proposed a rewrite of the rules, which guided 4.7

Green hydrogen is gaining traction, but still has massive hurdles to overcome- oil and gas 360

Green hydrogen is gaining traction, but still has massive hurdles to overcome

CNBC Humanity is facing an uphill battle when it comes to preserving our planet. According to the Intergovernmental Panel on Climate Change, in order to avert some of the worst effects of climate change we need to stop global temperatures from rising 1.5 degrees Celsius above pre-industrial levels. One tool that could help is green hydrogen. Green hydrogen is made