Energy Transition

Occidental Petroleum is in talks to sell its OxyChem petrochemical unit in a deal worth at least $10 billion, the Financial Times reported Sunday. The divestment would be the U.S. company’s biggest yet.

TotalEnergies has sold a $1.25 billion U.S. solar portfolio stake to KKR while acquiring a 49% interest in Continental Resources’ Oklahoma gas assets. The strategy highlights the French major’s balance between recycling capital from renewables and reinforcing its upstream oil and gas position in North America.

In a new Op-Ed, Texas Railroad Commissioner Wayne Christian backs President Trump’s blunt UN remarks, calling the global climate agenda a costly con that threatens U.S. energy security.

Aggreko and Katoni Engineering have partnered to deliver a tailored temporary power solution for a North Sea offshore platform turnaround, cutting nearly £900,000 in fuel costs and preventing 4.5 tonnes of CO₂ emissions.

U.S. President Donald Trump criticized the UK’s North Sea oil tax regime and green energy push in a UN speech, warning that Prime Minister Keir Starmer’s policies risk shutting down new offshore development.

Carbon capture, utilization, and storage (CCUS) projects depend on one uncompromising factor: integrity. Unlike oil and gas wells designed for decades, CCUS wells must remain sealed and secure for up to 75 years or more. This panel will explore how existing completion technologies—adapted with the right metallurgies, packers, cementing practices, and zonal isolation techniques—can deliver reliable containment under corrosive CO₂ environments. We’ll discuss what’s required to demonstrate injectivity without exceeding fracture pressures, how to optimize well design for cost and long-term reliability, and why monitoring is as critical as the initial construction. From real-time fiber optic and electronic gauge data to periodic logging and corrosion checks, effective monitoring ensures that what goes in stays in. With lessons from both subsurface design and surface execution, the session will highlight how to adapt proven oil and gas technologies to meet CCUS requirements while aligning with regulatory compliance, cost efficiency, and longevity.

BW Offshore has achieved first gas on the BW Opal FPSO at Santos’ Barossa LNG project offshore Australia. The FPSO, designed to process 850 MMscf/d of gas and 11,000 bpd of condensate, marks a key milestone ahead of full operations under its 15-year charter.

Tracerco has introduced its chemical tracer technology into a U.S. carbon capture and storage project for the first time. Adapted from enhanced oil recovery applications, the tracers provide ultra-sensitive leak detection, track plume migration, and verify CO₂ containment.

ExxonMobil says global energy demand will hold steady, reinforcing its long-term fossil fuel strategy. The company plans to double LNG sales by 2030, expand production in Guyana and the Permian, and advance new LNG projects in Mozambique and Papua New Guinea.

ADNOC's XRG has withdrawn its $19 billion bid for Santos, ending a high-profile push to expand in Australia’s LNG market amid valuation and tax disagreements.

Canada has approved the $10 billion Ksi Lisims LNG project, a floating export facility backed by Blackstone, Rockies LNG, and the Nisga’a Nation. Set to start by 2028, the project will become Canada’s second-largest LNG export terminal.

TotalEnergies, alongside Basra Oil Company and QatarEnergy, has launched construction of the final two major components of Iraq’s multibillion-dollar Gas Growth Integrated Project (GGIP), a landmark upstream and energy transition initiative.

Global OTEC has been selected by the DeepStar consortium, backed by Chevron, ExxonMobil and bp, to study Ocean Thermal Energy Conversion (OTEC) as a renewable power source for deepwater oil and gas operations.

ABS has granted approval in principle (AIP) to SBM Offshore for its pioneering Blue Ammonia floating production storage and offloading (FPSO) concept, advancing offshore gas conversion and decarbonized fuel production.

The EPA under President Trump plans to end the Greenhouse Gas Reporting Program, halting emissions tracking from power plants, industrial facilities, oil refineries and other major polluters. The move could obscure 2.6 billion metric tons of emissions annually while saving businesses $2.4 billion in regulatory costs.

Canada’s LNG expansion strategy gained momentum as Prime Minister Mark Carney placed Shell’s LNG Canada project on the national priority list, fast-tracking approvals for a potential doubling of export capacity.

Woodside has received final environmental approval from the Australian Government for the North West Shelf Project Extension, ensuring continued LNG supply, jobs, and investment while meeting cultural and environmental safeguards.

Equinor is considering combining parts of its renewable energy portfolio with Danish offshore wind developer Ørsted, in a move that could reshape the global offshore wind and clean energy market.

Alaska LNG, led by Glenfarne, has signed a Letter of Intent with JERA for 1 MMtpa of LNG over 20 years. The Alaska LNG project is the only federally approved LNG export project on the U.S. Pacific Coast.

TotalEnergies has reached FID with partners on Rio Grande LNG Train 4 in Texas, gaining a 10% stake and 1.5 MMtpa offtake capacity from the new liquefaction unit.

Argent LNG will integrate AI and robotics into the development, construction, and operation of its flagship 25 MMtpa Port Fourchon LNG export terminal in Louisiana, as part of a broad digital strategy to improve operational efficiency and reduce capex.