Energy Transition
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.
News
September 30, 2025
Equatorial Guinea and Chevron have signed an agreement for the development of the Aseng Gas Project in Block I. The Aseng project represents an initial investment of $690 million, and underscores the country's long-term strategy to become a premier hub for natural gas in Africa.
News
September 29, 2025
Occidental Petroleum is in talks to sell its OxyChem petrochemical unit in a deal worth at least $10 billion, the Financial Times reported Sunday. The divestment would be the U.S. company’s biggest yet.
News
September 29, 2025
TotalEnergies has sold a $1.25 billion U.S. solar portfolio stake to KKR while acquiring a 49% interest in Continental Resources’ Oklahoma gas assets. The strategy highlights the French major’s balance between recycling capital from renewables and reinforcing its upstream oil and gas position in North America.
News
September 26, 2025
In a new Op-Ed, Texas Railroad Commissioner Wayne Christian backs President Trump’s blunt UN remarks, calling the global climate agenda a costly con that threatens U.S. energy security.
Article
September 2025
Companies that implement comprehensive sustainability strategies realize quantifiable benefits, including 20%-to–25% cost reductions through digital solutions, 50% decreases in emissions through advanced drilling, and 30%-to–60% improvements in recovery through enhanced techniques—proving that sustainability enhances, rather than compromises, operational performance.
News
September 24, 2025
Aggreko and Katoni Engineering have partnered to deliver a tailored temporary power solution for a North Sea offshore platform turnaround, cutting nearly £900,000 in fuel costs and preventing 4.5 tonnes of CO₂ emissions.
News
September 23, 2025
U.S. President Donald Trump criticized the UK’s North Sea oil tax regime and green energy push in a UN speech, warning that Prime Minister Keir Starmer’s policies risk shutting down new offshore development.
News
September 22, 2025
BW Offshore has achieved first gas on the BW Opal FPSO at Santos’ Barossa LNG project offshore Australia. The FPSO, designed to process 850 MMscf/d of gas and 11,000 bpd of condensate, marks a key milestone ahead of full operations under its 15-year charter.
News
September 19, 2025
Tracerco has introduced its chemical tracer technology into a U.S. carbon capture and storage project for the first time. Adapted from enhanced oil recovery applications, the tracers provide ultra-sensitive leak detection, track plume migration, and verify CO₂ containment.
News
September 18, 2025
ExxonMobil says global energy demand will hold steady, reinforcing its long-term fossil fuel strategy. The company plans to double LNG sales by 2030, expand production in Guyana and the Permian, and advance new LNG projects in Mozambique and Papua New Guinea.
News
September 17, 2025
ADNOC's XRG has withdrawn its $19 billion bid for Santos, ending a high-profile push to expand in Australia’s LNG market amid valuation and tax disagreements.
News
September 16, 2025
Canada has approved the $10 billion Ksi Lisims LNG project, a floating export facility backed by Blackstone, Rockies LNG, and the Nisga’a Nation. Set to start by 2028, the project will become Canada’s second-largest LNG export terminal.
News
September 15, 2025
TotalEnergies, alongside Basra Oil Company and QatarEnergy, has launched construction of the final two major components of Iraq’s multibillion-dollar Gas Growth Integrated Project (GGIP), a landmark upstream and energy transition initiative.
News
September 15, 2025
Global OTEC has been selected by the DeepStar consortium, backed by Chevron, ExxonMobil and bp, to study Ocean Thermal Energy Conversion (OTEC) as a renewable power source for deepwater oil and gas operations.
News
September 12, 2025
ABS has granted approval in principle (AIP) to SBM Offshore for its pioneering Blue Ammonia floating production storage and offloading (FPSO) concept, advancing offshore gas conversion and decarbonized fuel production.
