Energy Transition
Article
December 2024
The East African Ruvuma-Rufiji gas basin holds potential to address rising global LNG demand, with substantial reserves and key market proximity. However, Mozambique and Tanzania face ongoing security and regulatory challenges, which could delay LNG production, particularly with demand projected to rise through 2030.
News
December 27, 2024
Golar LNG has acquired Seatrium’s and Black & Veatch’s minority ownership interests in the FLNG Hilli. The total consideration for the acquisitions is $90.2 million, of which $59.9m is in equity and $30.3 million is a pro-rata share in the existing FLNG Hilli debt facility.
News
December 26, 2024
The Sanha Lean Gas Connection project – situated in Angola’s Benguela province – has achieved first gas production. The project is spearheaded by the Cabinda Gulf Oil Company, Chevron’s Angolan subsidiary.
News
December 23, 2024
Annual methane emissions stemming from oil and gas production operations in the Permian basin decreased 26% in 2023 from the previous year, according to a new analysis by S&P Global Commodity Insights.
News
December 22, 2024
ProPetro Holding Corp. has entered into a term contract to provide electric hydraulic fracturing services to a large independent Permian-focused oil and gas operator.
News
December 20, 2024
(Bloomberg) – The largest oil producer in the United Arab Emirates is focused on closing its nearly $13 billion acquisition of German chemical maker Covestro AG which would establish a base for international growth.
News
December 19, 2024
Kongsberg Maritime has secured a substantial contract to provide an integrated package of electrical, control, safety and propulsion systems for the Golar Mk2 Floating Liquified Natural Gas (FLNG) project.
News
December 18, 2024
The Energy Workforce & Technology Council have released a statement in response to the U.S. Department of Energy’s (DOE) study on the impacts of liquefied natural gas (LNG) exports.
News
December 18, 2024
The American Petroleum Institute (API) have released a statement in response to the U.S. Environmental Protection Agency's (EPA) granting California’s request for a Clean Air Act waiver for the Advanced Clean Cars II (ACC II) Light- and Medium-Duty Vehicle Standards.
News
December 17, 2024
The American Petroleum Institute (API) and the National Ocean Industries Association (NOIA) have issued separate statements in response to the U.S. Department of Energy’s (DOE) study on the impacts of liquefied natural gas (LNG) exports.
News
December 16, 2024
Following an announcement that the UK and Norway governments have agreed to support a new Green Industrial Partnership that will combine their capabilities on clean energy and drive economic growth, OEUK published a response.
News
December 16, 2024
Diamondback Energy, Halliburton Energy Services and VoltaGrid LLC have entered into a landmark agreement to deploy four advanced electric simul-frac fleets across the Permian basin.
News
December 16, 2024
Venture Global announced it has reached first liquified natural gas (LNG) production at the company's second facility, Plaquemines LNG, in Port Sulphur, Louisiana. The milestone was achieved just 30 months from its Final Investment Decision (FID).
News
December 12, 2024
Baker Hughes and the University of California, Berkeley have announced a new long-term research partnership to establish the Baker Hughes Institute for Decarbonization Materials at UC Berkeley’s College of Chemistry.
News
December 11, 2024
Tenaris and IGI Poseidon, a joint venture between Greece’s DEPA International Projects and Italy’s Edison S.p.A., have joined forces to advance the hydrogen transportation via ultra-deep offshore pipelines.
News
December 10, 2024
INEOS with its partners Harbour Energy and Nordsøfonden, has made a Final Investment Decision (FID) on the first commercial phase of Project Greensand, with storage operations set to begin at the end of 2025/early 2026.
News
December 10, 2024
Northern Endurance Partnership (NEP) has announced development of the UK's first CCS project in partnership with TotalEnergies. NEP, in which TotalEnergies holds a 10% shareholding interest, will permanently store up to an initial 4 million tonnes of CO2 per year.
News
December 10, 2024
TotalEnergies has finalized the acquisition of the interests of OMV (50%) and Sapura Upstream Assets (50%) in SapuraOMV Upstream, an independent gas producer in Malaysia.
News
December 09, 2024
The 2024 China-Africa Think Tank Energy Forum recently convened in Chad's capital, N'Djamena, where over 70 delegates discussed China-Africa collaboration in oil and gas, the energy transition and partnership opportunities.
News
December 09, 2024
ADNOC has signed a second Sales and Purchase Agreement (SPA) for the lower-carbon Ruwais liquified natural gas (LNG) project, with Malaysia’s Petronas. The 15-year SPA is for supplying 1 million tonnes per annum (mtpa) of LNG.
News
December 08, 2024
Aramco has signed a shareholders’ agreement with Linde and SLB, paving the way for development of a Carbon Capture and Storage (CCS) hub that is expected to become one of the largest globally.
