(WO) – Chevron New Energies, a division of Chevron U.S.A. Inc., and JERA Co., Inc. have signed a Memorandum of Understanding (MOU) that provides a framework for their collaboration on carbon capture and storage (CCS) projects in the United States and Australia. This MOU has the potential to expand the significant liquid natural gas (LNG) relation...
(WO) – Industry body Offshore Energies UK (OEUK), which represents the UK offshore energy industry, has repeated concerns about the government’s windfall taxes in light of new analysis published by The University of Aberdeen. The research, carried out by Professor Alex Kemp and Artuto Regaldo, shows the Energy Profits Levy (EPL) is likely...
(WO) – Santos announced the Papua LNG joint venture has launched fully-integrated front-end engineering and design (FEED) for the Papua LNG project in Papua New Guinea. Papua LNG is expected to have liquefaction capacity of up to six million tonnes of LNG per annum with first production expected by the end of 2027 or early 2028. Following p...
(WO) – During CERAWeek, Petrobras and Equinor signed a letter of intent that expands the cooperation between the two companies to assess the technical, economic, and environmental feasibility of seven offshore wind power generation projects offshore the Brazilian coast with the potential to generate up to 14.5 GW. courtesy of © Equinor With...
(WO) – The latest analysis from McKinsey & Company (McKinsey) reveals that oil and gas industry costs could increase between 6 to 10% in 2023 due to labor uncertainties and raw-materials inflation. The analysis uncovers that primary operation tasks, such as regular inspections and maintenance, are becoming more expensive as labor rates grow...
(WO) — At CERAWeek by S&P Global, SLB introduced the EcoShield™ geopolymer cement-free system that minimizes the CO2 footprint of a well’s construction. This innovative technology eliminates up to 85% of embodied CO2 emissions compared with conventional well cementing systems, which include portland cement. The EcoShield system has the...
(Bloomberg) – Dozens of police and oil workers taken hostage after protesters stormed a field operated by China’s Sinochem Group have been released, Colombian President Gustavo Petro said. Petro pledged to speak personally to the farmers who staged the protests about their grievances, according to a statement from the presidency on Frid...
(WO) – Claudio Descalzi, Eni CEO, and his Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO, signed today a Memorandum of Understanding (MoU) outlining a framework of cooperation for future joint projects on energy transition, sustainability and decarbonization....
(Bloomberg) – Alaska’s congressional delegation personally appealed to President Joe Biden to approve a proposed ConocoPhillips oil development in the state, joining a last-minute lobbying frenzy around the project that’s being cast as a test of his commitment to combating climate change. The lawmakers, including freshman Democratic Rep...
(WO) – QatarEnergy made light oil discovery in the Jonker-1X deep-water exploration well drilled in the PEL-39 Exploration License, offshore Namibia. The Jonker-1X well was drilled to a total depth of 6,168 m in a water depth of 2,210 m. The acquired data is being evaluated while further appraisal is planned to determine the size and recove...