Energy Transition
News
August 04, 2024
The companies agreed other contractors could finish work on Golden Pass last month, paving the way for a restart after several setbacks this year. The new schedule means the 18 million-metric-ton-a-year facility, one of the country’s biggest, will begin operations about six months later than the previous plan, Exxon Chief Financial Officer Kathy Mikells said during an interview.
News
August 01, 2024
The project, which aims to remove 800,000 tonnes of carbon emissions annually, will also deliver permanent, verifiable and affordable carbon dioxide removals (CDRs).
News
July 31, 2024
The Study, commissioned by NACEF and PAGE, and conducted by ICF, “Lifecycle GHG Emissions of U.S. LNG Exports: Concepts, Methodologies, Data and Results,” shows that U.S. LNG exports are likely to have represented a net reduction in the world’s GHG emissions compared to the mix of alternative fuels that would have likely substituted for the LNG exports had they hypothetically not existed in 2022.
News
July 30, 2024
The disruption caused by Hurricane Beryl led to temporary reductions in U.S. LNG exports, contributing to fluctuations in global gas prices. Freeport LNG's gradual return to full production is a significant step towards stabilizing these markets.
News
July 26, 2024
The project aims to transport and store up to 500,000 metric tons of CO2 annually from CF Industries' nitrogen products complex, reducing the site's CO2 emissions by approximately 50%. The startup is planned for 2028.
News
Texas’ Freeport LNG hub to restart three production trains in early August following Hurricane Beryl
July 25, 2024
Two production trains are increasing production already. They will be followed by the third train as early as the end of next week. Full production is expected in August, people said, asking not to be identified because the information was not made public.
News
July 25, 2024
A bankruptcy judge on Wednesday approved a settlement between the joint venture building Exxon Mobil Corp.’s $10 billion gas export project in Texas and lead contractor Zachry Holdings Inc., allowing other companies to finish work on the plant.
News
July 23, 2024
Saudi Aramco, which had previously been in talks to purchase a stake in Tellurian, is another potential partner, said Saul Kavonic, an energy analyst at MST Marquee in Sydney. Abu Dhabi National Oil Co., as well as Japanese buyers and U.S. infrastructure players, could also invest in Driftwood, he said.
News
July 23, 2024
The retreat by one of Britain’s biggest oil and gas companies underscores the challenge facing the UK government in developing floating offshore wind into a major industry, just as costs for the technology have increased.
News
July 22, 2024
NFE’s proprietary Fast LNG design is the first of its kind, pairing the latest advancements in modular liquefaction technology with jack up rigs or similar offshore infrastructure to enable a faster deployment schedule than traditional liquefaction facilities.
News
July 22, 2024
Woodside is targeting a final investment decision for the first phase of the Driftwood project from the first quarter of 2025. If all four phases are completed, the Louisiana facility would be able to export 27.6 million tons a year — almost triple Woodside’s current capacity and nearly 6% of the global total at the end of last year.
News
July 18, 2024
The companies hardest hit by the outage at Freeport LNG, which began on July 6, include Japanese companies Jera Co. and Osaka Gas Co., oil majors bp Plc. and TotalEnergies SE, and South Korea’s SK E&S Co., people familiar with the matter said.
News
July 17, 2024
The company plans to restart its first production line this week, with the intent to start the remaining units shortly thereafter, Browne said. Still, production is expected to be at reduced rates, a spokesperson said, without saying how long the reduction would last. The plant is designed to produce 15 million metric tons of LNG annually.
News
July 15, 2024
Scheduled for release in early August, the carbon storage assessment is constructed from the largest subsurface library in the world comprising formation tops, petrophysically interpreted logs, and reservoir property maps, including the maximum carbon storage volume per formation.
News
July 15, 2024
Wood has secured a six-year contract to provide brownfield engineering, procurement, and construction management (EPCm) solutions for Shell’s Prelude Floating Liquified Natural Gas (FLNG) facility in Western Australia.
News
July 14, 2024
On Shell’s Capital Market Day in 2023, Shell committed to deliver upstream and integrated gas projects coming on stream between 2023 to 2025, with a total peak production of greater than 500,000 boed. Jerun is expected to contribute to this commitment.
News
July 11, 2024
Honeywell’s new holistic offering will encompass natural gas pre-treatment and state-of-the-art liquefaction, utilizing digital automation technologies unified under the Honeywell Forge and Experion platforms. This full-service solution will enable efficient, reliable and optimized management of natural gas assets.
News
July 10, 2024
Occidental, which is building a carbon-capture portfolio through its subsidiary 1PointFive, plans to build a fleet of plants that suck carbon dioxide directly from the air. Microsoft on Tuesday agreed to buy 500,000 metric tons of credits from the company’s Stratos plant in Texas, which is expected to start up next year.
News
July 10, 2024
ADNOC has signed several new long-term LNG sales commitments with international partners, including for the delivery of 1 million tonnes per annum (MMtpa) with Shell and 0.6mtpa with Mitsui & Co., taking the committed Ruwais LNG production capacity to 70%.
News
July 07, 2024
Technip Energies and SBM Offshore announced the formal implementation of Ekwil, a 50/50 floating offshore wind joint-venture. Ekwil is a pure player delivery partner offering a diversified range of ‘series production’ floating offshore wind solutions to meet the growing and demanding needs of energy customers around the world.
News
July 06, 2024
Shell Plc, TotalEnergies SE, bp Plc and Mitsui & Co. will each take a 10% stake in the Ruwais LNG plant, said the people, who asked not to be named as the information isn’t public. Agreements may be signed as soon as next week, the people said.
