Energy Transition

The Commission’s plugging program works aggressively to protect the environment and communities around the state, as evidenced by the fact that the agency has exceeded well plugging targets set by the legislature for seven straight years.

The LNG volumes will be sourced from the two joint ventures between QatarEnergy and Shell that hold interests in Qatar’s North Field East (NFE) and North field South (NFS) expansion projects.

Workers accepted Chevron’s proposed settlement Tuesday on pay and working conditions and will not move forward with a labor action planned for Thursday, according to a statement from the Offshore Alliance union group.

The 1,075 MW offshore wind farm has the capacity to generate around 5 terawatt hours (TWh), or enough renewable electricity to power almost 1.6 million homes annually, equivalent to two-thirds of all Scottish homes.

Countries and companies are seeing LNG as a cleaner fossil fuel that can lower emissions, but supply is expected to be tight until around 2026, when new projects are scheduled to start operating.

“For avoidance of doubt, what hasn’t changed is the destination that we have set for ourselves,” Chief Executive Officer Wael Sawan said via video link at the Energy Intelligence Forum in London on Tuesday. “What has changed is the pathway we’re going to get there.”

The agreement is an important step towards HyNet North West becoming fully operational as the world’s first asset based regulated CCS business, providing carbon transportation and storage for companies in the North West of England and North Wales.

Shell Plc Chief Executive Officer Wael Sawan told the company’s staff that he “believes in urgent climate action,” while shifting focus toward its core oil and gas businesses.

CEO Sophie Zurquiyah outlined how the company’s geoscience expertise can help in achieving net zero goals in areas such as carbon sequestration for imaging and monitoring carbon storage sites and finding new minerals needed for the energy transition.

The Biden administration is throwing its weight behind hydrogen and the hubs — broad networks of hydrogen producers and consumers spanning multiple states — as part of its goal of reaching net-zero emissions by 2050.

Eni and SONATRACH discussed the joint programs for the development of Eni’s operated natural gas production, as well as gas and LNG export to Europe.

In its Emissions Report 2023, OEUK estimates that emissions from production in the UK fell to the equivalent of 14.28 million tonnes of CO2 in 2022. This compares with the 2018 figure of 18.9 million tonnes.

The collaboration facilitates the seamless integration of best-in-class digital rock characterization at a nano, micro and macro level, which will enable U.S. clients to run pore-scale simulations in parallel with physical laboratory experiments.

Offshore Energies UK, the leading representative body for the offshore energies industry, attended Labour’s annual conference in Liverpool, participating in panel sessions and hosting a discussion on the energy transition with The New Statesman.

(WO) — The first turbine at the Dogger Bank wind farm in the British North Sea has generated power, supplying electricity to British homes, according to a statement from Equinor on October 10.

Iberdrola SA is in talks to sell a 49% stake in a 300-megawatt portfolio of Portuguese renewable assets to Norway’s sovereign wealth fund.

President Joe Biden is set this week to announce as much as $7 billion in funding for hydrogen projects across the country as part of a competition to jump-start production of the clean-burning fuel in the U.S.

Decarbonizing the well construction process while ensuring safety and performance standards is critical to our industry’s pathway to net zero. EcoShield™ geopolymer cement-free system is a breakthrough that delivers industry-standard zonal isolation capabilities while significantly minimizing the impact from upstream oil and gas production. EcoShield aims to minimize the CO2 footprint for oil and gas well construction and beyond. An industry-first technology eliminates up to 85 percent of embodied CO2 emissions compared with conventional cement systems. EcoShield system has the potential to avoid up to 5 million metric tons of CO2 emissions annually. EcoShield family of products can be deployed throughout various phases of the well life cycle including abandonment across a range of field applications, including corrosive environments while delivering superior technical performance. The technology fits within standard oilfield cementing workflows without major changes to the design process, onsite execution, or post-job evaluation. EcoShield is an example of forward-thinking, innovative technology that will be able to be scaled and deployed to help continue the decarbonization of the oil and gas industry. These types of more sustainable, lower-carbon technologies are critically important today as we continue to discover and develop the new energy solutions of tomorrow.

Wintershall Dea GmbH, billionaire Mikhail Fridman’s energy venture with BASF, is reportedly in advanced talks to sell its minority stake in a Middle Eastern natural gas project to an arm of Thailand’s PTT.

Israel’s gas shipments to Egypt fell by 20% as safety concerns prompted the shutdown of a key offshore field, threatening onward deliveries to Europe. Israel ordered the shutdown of the Tamar gas field run by Chevron Corp., citing safety concerns as fighting between its military forces and Hamas escalates.

Aramco and Siemens Energy AG will sign an agreement Monday to build a pilot project for carbon capture and storage, as the Middle East’s biggest oil producer Saudi Arabia seeks new ways to tackle emissions.