Energy Transition
News
December 21, 2023
(WO) —TotalEnergies has signed an agreement with Thailand’s national oil and gas company PTTEP for the sale of a 25.5% equity stake in the Seagreen offshore wind farm for a consideration of $689 million.
News
December 21, 2023
Shell Plc has begun cutting jobs beyond previously announced reductions in its low-carbon division as CEO Wael Sawan seeks to trim costs and be more competitive with U.S. rivals, people familiar with the matter said.
News
December 21, 2023
Italian oil major Eni SpA agreed to sell about 9% of its Plenitude renewables unit to Energy Infrastructure Partners AG for $766 million via a capital increase to be completed in early 2024.
News
December 20, 2023
Santos’ plans to expand the Moomba carbon capture and storage (CCS) project and transform the Cooper Basin into a decarbonization and low-carbon fuels hub have gained further momentum through the agreement.
News
December 20, 2023
Wood has been awarded a contract by Dragados Offshore to deliver engineering design and provide regulatory support for the development of three 2GW converter stations that will transfer offshore wind power to Germany's power grid.
News
December 19, 2023
With the issued permits, the Sweetwater Hub, which will ultimately comprise over 100,000 acres of leased pore space and over 550 million metric tons of CO2 storage capacity, is set to become the premier carbon storage solution in the Rocky Mountain region.
News
December 16, 2023
Tokyo Gas Co. said its subsidiary Tokyo Gas America Ltd. will purchase Rockcliff Energy II LLC for about $2.7 billion in a move to expand its U.S. shale gas operations.
News
December 15, 2023
Chevron Corp. is slashing oil-refinery investments in California because of “adversarial” policies toward fossil fuels, a move that may boost what already are the highest pump prices in the nation.
News
December 15, 2023
Shell Plc agreed to sell its stake in the Schwedt refinery, a plant that supplies much of eastern Germany with fuel and has been caught up in Europe’s standoff with Moscow over the war in Ukraine.
News
December 14, 2023
"While each country will reflect on its own journey, through the North Sea Transition deal agreed with the UK Government in 2021, the UK offshore energy sector is already committed to and delivering on detailed plans to reach net zero by 2050," CEO David Whitehouse said.
News
December 13, 2023
Neptune Energy and its partners EBN, Tenaz Energy and ExxonMobil Netherlands CCS have successfully progressed the L10CCS project from the Concept Select phase, which includes various technical and economic assessments, into this next Define/FEED phase.
News
December 13, 2023
Africa still needs time – time that the Western world has already had and, frankly continues to milk – to resolve energy poverty and industrialize.
News
December 12, 2023
The London-based supermajor accused Venture Global of violating its contract by selling cargoes from its plant at Calcasieu Pass in Louisiana through one-off deals rather than supplying customers signed up for long-term deals, according to a letter BP sent to the Federal Energy Regulatory Commission on Monday.
News
December 12, 2023
Evolving sustainability initiatives and regulatory actions like consent decrees from the U.S. Environmental Protection Agency (EPA) have led many companies to seek ways to decarbonize their facilities. Reducing fugitive emissions is a good place to start, but eliminating leaks and implementation low-emissions (low-E) protocols can be complicated.
News
December 12, 2023
Towards the end of November, the construction of the THOR Offshore High Voltage Station (OHVS) project for RWE officially started. The key-milestone steel-cutting ceremony took place at the HSM Offshore Energy yard in Schiedam (Netherlands).
News
December 11, 2023
SLB and Northern Lights JV have signed a memorandum of understanding with Microsoft to optimize integrated cloud-based workflows for the operation of Northern Lights, one of the first CO2 transport and storage providers for cross-border carbon capture and storage (CCS).
News
December 08, 2023
Neptune Energy has been awarded Gold Standard status by the United Nation’s Environmental Program (UNEP), recognizing the company’s detailed plans to reduce methane emissions to near zero by 2030.
News
December 07, 2023
Cory has committed to working exclusively with Viking CCS in relation to exploring the potential transportation and storage of the captured CO2 into the Viking CO2 transportation and storage project via ABP’s Port of Immingham.
News
December 07, 2023
The Santos-Woodside discussions also illustrate the growing importance of liquefied natural gas (LNG) to the industry, as executives expect the fuel to be needed for decades in Asia as part of the energy transition.
News
December 06, 2023
The governments of Newfoundland and Labrador and Canada signed a Memorandum of Understanding (MOU) with respect to offshore wind development within inland bays, making the province the principal beneficiary and regulatory lead for such projects.
News
December 06, 2023
The drafted blueprint includes requirements sought by some environmentalists that would limit the $3-per-kilogram credit to hydrogen-production operations powered by wind, solar or other clean-power projects built within the last three years, according to people familiar with the plan.
