Energy Transition
News
November 22, 2023
Egypt is set to resume exports of liquefied natural gas (LNG) following a months-long hiatus after supplies of the fuel from Israel increased.
News
November 21, 2023
Each wind turbine at the Hywind Tampen offshore park weighs as much as the Statue of Liberty and is linked to the seabed using powerful suction anchors. For Equinor ASA, the state-owned oil and gas giant that built them, they’re part of a bigger plan to use electricity to slash the carbon footprint of its product.
News
November 21, 2023
ADNOC, the United Arab Emirates’ main oil producer, and Australia’s Santos Ltd. have agreed to work together on carbon management and to develop technology to trap emissions that contribute to global warming.
News
November 21, 2023
Germany’s Heide oil refinery and its partner Orsted A/S have shelved plans for a green hydrogen plant due to increased investment costs and associated economic risks.
News
November 20, 2023
Colombia is studying whether to import natural gas and light crude from Venezuela to cut fuel costs.
News
November 20, 2023
Orlen SA agreed to purchase oil and gas producing assets on the Norwegian continental shelf from Kuwait Foreign Petroleum Exploration Co. for $445 million to diversify shipments of natural gas to the eastern European country.
News
November 19, 2023
(WO) — PT Pertamina (Persero) reaffirms its commitment to lead Indonesia's decarbonization efforts through a $2 billion collaboration with ExxonMobil. The companies have partnered to develop a carbon capture storage (CCS) hub in the Java Sea with a capacity of up to 3 gigatons of CO2.
News
November 19, 2023
Tokyo Gas Co. will invest in a $3.8 billion offshore wind fund set up by U.K.-based Octopus Energy Group Ltd., the Japanese city gas provider said.
News
November 19, 2023
Labour has pledged to create a £2.5 billion ($3.1 billion) fund for companies creating clean tech jobs in hydrogen, offshore wind and carbon capture and storage around the North Sea as leader Keir Starmer tries to win votes in Scotland.
News
November 19, 2023
Japanese companies are dropping out of offshore wind projects in Taiwan, one of fastest growing markets for the technology, as rising costs and worsening delays plunge the industry into deeper trouble worldwide.
News
November 16, 2023
Members of the effort, dubbed Frontier, will pay a total of $46.6 million to CarbonCapture and Heirloom. The two startups will be responsible for pulling 45,500 and 26,900 tons of CO2 out of the atmosphere respectively over the course of the deals.
News
November 16, 2023
OPEC is seeking to expand its legal team as the oil producer group prepares for challenges posed by the global shift away from fossil fuels.
News
November 15, 2023
(Bloomberg) — ExxonMobil Corp. cautioned that branding the oil industry as “villains” and attempting to limit the supply of fossil fuels will impede progress toward achieving net zero emissions, potentially perpetuating poverty for millions in the developing world.
News
November 15, 2023
(WO) — National Ocean Industries Association President Erik Milito issued a statement following the order by the U.S. Court of Appeals for the Fifth Circuit, which dismissed the appeal against the preliminary injunction for Lease Sale 261.
News
Petronas, PetroVietnam to collaborate on upstream, renewable energy, and decarbonization initiatives
November 15, 2023
(WO) — Petronas has signed an agreement with Vietnam Oil and Gas Group (PetroVietnam) to explore potential collaboration opportunities in the upstream, renewable energy, gas, and downstream sectors in Vietnam.
News
November 15, 2023
(WO) — Santos and joint venture partner Beach Energy have secured significant additional carbon storage acreage by being awarded a Gas Storage Retention license southwest of Moomba.
News
November 14, 2023
Poseidon is among the largest CO2 transportation & storage projects in the UK. It is scheduled to be operational by 2029, with a total annual storage capacity of up to 40 million tonnes in its full development stage.
News
November 13, 2023
Orsted is at the center of a crisis for the offshore wind industry with companies struggling to fund large developments.
News
November 13, 2023
Santos has further strengthened its position as a carbon capture and storage (CCS) leader, by formalizing a Memoranda of Understanding (MoU) to collaborate on carbon solutions with Korean energy company, SK E&S.
News
November 12, 2023
Venture Global said the “highly coordinated attack” by the European energy industry is an attempt to “modify their contracts and stifle competition” in the global LNG market.
News
November 09, 2023
The future expert dialogue will focus on the role of natural gas for Algeria and beyond, as well as on topics around energy transition such as the use of hydrogen and CCS.
