News
November 28, 2022
Shell Plc will buy Nature Energy Biogas A/S from hedge fund Davidson Kempner Capital Management for nearly $2 billion as the oil major expands its transition from fossil fuels. The deal will make Shell the largest producer in Europe of what’s known as renewable natural gas, known as RNG, according to a statement.
News
November 28, 2022
During the meeting, which was held at ADNOC headquarters, the board directed ADNOC to pursue a net-zero by 2050 ambition to support the UAE net zero by 2050 strategic initiative. The board also endorsed plans to accelerate its 5 million barrels per day oil production capacity expansion to 2027, from the previous target of 2030.
News
November 27, 2022
Spain’s parliament approved next year’s budget in a victory for Prime Minister Pedro Sanchez, who’s forged a legislative majority stable enough to pass three consecutive spending plans. Lawmakers also backed windfall taxes on banks and energy firms.
News
November 23, 2022
New guidance launched by Offshore Energies UK (OEUK) on Wednesday helps industry decommission North Sea oil and gas wells, so that subsurface formations like reservoirs can be repurposed as part of the infrastructure used to permanently store carbon dioxide (CO2) offshore.
Article
October 2022
The latest round of EPA regulations may mandate zero emission devices for well sites, but this issue can be addressed by a variety of automation solutions to meet those standards, while improving profitability.
News
November 17, 2022
Resoptima is partnering with Aker BP, Sval Energi and NORCE to develop specific solutions that will help reduce CO2 emissions associated with oil and gas asset development and production activities.
News
November 16, 2022
The U.S. Bureau of Ocean Energy Management on Wednesday announced eight draft Wind Energy Areas offshore the U.S. central Atlantic coast, drawing praise from the National Ocean Industries Association.
News
November 16, 2022
SLB announced on Wednesday that is collaborating with Oman’s Ministry of Energy and Minerals and the Oman Investment Authority in building a national strategy to develop the potential of Oman’s geothermal resources.
News
November 15, 2022
While the United States filled some of the supply gap by exporting huge quantities of liquefied natural gas from its seven plants, global markets are going to have to wait at least two more years before any new U.S. LNG supplies come online.
News
November 14, 2022
Chevron Corp. company sees potential for geological formations such as those at its Gorgon liquefied natural gas facility in Western Australia to be used for storage of third-party emissions from Asia.
News
November 11, 2022
U.S. House Republicans made the case for more U.S. oil production at the UN climate summit in Egypt, arguing that cleaner domestically produced crude is needed to meet growing demand.
News
November 11, 2022
The American Petroleum Institute on Friday responded to the Environmental Protection Agency's supplemental proposed methane rule with a call for a cost-effective final rule that promotes innovation and regulatory certainty.
News
November 11, 2022
The Biden administration revealed a supplemental proposed methane rule Friday that would tighten regulations for monitoring low-producing wells and require producers to respond to third-party reports of leaks, in a move that could empower activists.
News
November 10, 2022
Five U.S. senators have sent letters to 51 law firms detailing the possible antitrust violations their clients may commit if they pursue collusive Environmental, Social, and Governance (ESG) initiatives.
News
November 10, 2022
A methane cloud spotted over Alabama last month appears to have been caused by a natural-gas release following a fire at a Kinder Morgan Inc. compressor station, the pipeline giant said.
News
November 10, 2022
TÜV SÜD National Engineering said it has secured government funding to build the UK’s first gaseous CO2 flow measurement facility to provide meter traceability for carbon capture utilization and storage deployment.
News
November 10, 2022
Saudi Arabia has established a carbon-capture sequestration center, as the state oil giant seeks to reach its goal of net-zero emissions by 2060.
News
November 07, 2022
The battle to determine how quickly the United States transitions from fossil fuels hinges in part on local and state-level ballots. Here are six key state-level elections to watch on Tuesday.
News
November 07, 2022
Global oil demand in 2023 will grow a million barrels per day lower than organizations such as the International Energy Agency and OPEC have forecast, according to a new report from Enverus Intelligence Research.
News
November 02, 2022
(WO) — Mainstream Renewable Power and Ocean Winds have signed the seabed lease agreement with Crown Estate Scotland to the value of GBP 36 million for the development of a 1.8 GW floating offshore wind farm off the Shetland Islands in Scotland.
News
October 31, 2022
SLB and Linde announced they have entered into a strategic collaboration on carbon capture, utilization and sequestration (CCUS) projects to accelerate decarbonization solutions across industrial and energy sectors.
Connect with World Oil
Connect with World Oil, the upstream industry's most trusted source of forecast data, industry trends, and insights into operational and technological advances.