Energy Transition
News
October 22, 2025
bp and Japan’s JERA are winding down their U.S. offshore wind joint venture, JERA Nex bp, citing an unfavorable policy environment under the Trump administration. The decision halts the planned 2.5-GW Beacon Wind project off Massachusetts amid a broader industry pullback.
News
October 22, 2025
The U.S. Department of Energy has issued the final non-FTA export authorization for Venture Global’s CP2 LNG terminal in Cameron Parish, Louisiana. The approval enables exports to non-FTA countries and supports the U.S.’s advancing role in global LNG markets.
News
October 17, 2025
RINA has secured the front-end engineering and design (FEED) contract for PETRONAS CCS Ventures’ Southern Onshore Facilities, part of Malaysia’s landmark carbon capture and storage (CCS) development.
News
October 17, 2025
Inpex CEO Takayuki Ueda says Indonesia is pressing to accelerate the $20 billion Abadi LNG development as domestic and regional gas demand surges. The project, targeting 9.5 MMtpa of LNG capacity, remains on track for a 2027 FID despite cost and design challenges.
News
October 16, 2025
Perenco CEO Armel Simondin says the independent producer plans to expand into new countries to secure resources and sustain 500,000 bpd of production. The company will maintain $2 billion in annual investment, focus on mature oil fields in Africa, and grow natural gas output through projects like Gabon’s barge-mounted LNG plant.
News
October 14, 2025
Santos Chief Financial Officer Sherry Duhe has resigned after one year, following the collapse of a proposed $19 billion merger with ADNOC. Duhe will be replaced by deputy CFO Lachlan Harris as the company refocuses on LNG growth projects.
News
October 14, 2025
Shell and joint venture partner Sunlink Energies have approved development of the HI gas project offshore Nigeria. The H1 field represents a $2 billion investment, according to Nigerian government, and bolsters Shell’s strategy to grow global LNG output through 2030.
News
October 14, 2025
The Oil and Gas Climate Initiative’s (OGCI) 2024 Progress Report shows continued emissions reductions across its 12 member companies, including Aramco, bp, Chevron, ExxonMobil, and TotalEnergies. Since 2017, members have reduced upstream methane intensity by 62%.
News
October 10, 2025
U.S. geothermal lease bids have surged to record highs, driven by data-center energy demand and advances in drilling and completions technology. Oilfield methods such as fracing and high-temperature well design are powering geothermal’s next growth phase.
News
October 10, 2025
Score has secured significant new contracts from INEOS Energy for the Greensand carbon storage project and additional LDAR framework agreements across Denmark, reinforcing its leadership in carbon capture and emissions reduction.
News
October 10, 2025
Adnoc Gas CEO Fatema Al Nuaimi says the upcoming wave of global LNG supply through the decade will spark sustained demand growth, as lower prices encourage long-term adoption in emerging markets.
News
October 09, 2025
A new S&P Global Commodity Insights analysis finds absolute greenhouse gas emissions from the Permian basin have fallen nearly 20% since 2022, even as oil and gas production increased by about 500,000 barrels per day.
News
October 08, 2025
Chevron has relaunched its Clarity® line of premium ashless hydraulic oils. The updated formulations deliver high performance, extended equipment protection, and improved environmental compatibility across industrial and heavy-duty applications.
News
October 08, 2025
ABB will deliver automation and electrification systems for SwitcH2’s floating green ammonia FPSO off Portugal, designed to produce 243,000 tons annually from renewable power.
News
October 06, 2025
Shell-led LNG Canada is preparing to load its first cargo from Train 2 this month, marking the next phase of Canada’s expanding LNG export capacity.
News
October 06, 2025
Baker Hughes is moving ahead with its planned acquisition of Chart Industries after shareholders of Chart approved the deal. Expected to close by mid-2026, the transaction will expand Baker Hughes’ energy and industrial technology portfolio, particularly in LNG, data centers, and clean energy markets.
News
October 02, 2025
Eni has approved the $7.2 billion Coral Norte floating LNG project offshore Mozambique, which will add 3.6 million tons per year of LNG capacity and double the country’s production. Set to start in 2028, Coral Norte positions Mozambique as Africa’s third-largest LNG producer after Nigeria and Angola.
News
October 02, 2025
TotalEnergies has signed a farm-down agreement with CarbonVault for Denmark’s Bifrost Carbon Capture and Storage project in the North Sea, holding a 45% operator stake alongside CarbonVault (35%) and Nordsøfonden (20%).
News
October 01, 2025
Enverus Intelligence Research warns that Illinois’ ban on CO₂ sequestration beneath the Mahomet Aquifer has halted 5.6 MMtpa of carbon storage projects and could set a precedent nationwide, putting 20% of U.S. carbon capture capacity at risk.
News
October 01, 2025
North Sea Midstream Partners (NSMP) has received first gas from Shell’s Victory field, the first new West of Shetland gas since 2017. Gas is flowing through the SIRGE and FUKA pipelines to the St Fergus Terminal, bolstering UK energy security and reducing reliance on imported LNG.
News
September 30, 2025
At the Energy Workforce & Technology Council’s (EWTC) 2025 Business Optimization Conference, leaders spotlighted two urgent priorities for the oilfield services sector—meeting surging global power demand with U.S. LNG and navigating policy and workforce hurdles to sustain growth.
