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Energy Transition in Motion (Week of April 12, 2024)

Here is a look at some of this week’s renewable energy news, including a renewable energy milestone for the U.S.

E&P Highlights: Dec. 18, 2023

Here’s a roundup of the latest E&P headlines, including approval of an amended development plan for the Hebron Field and new decommissioning rules.

Exclusive: Repsol Experimenting with Cluster Spacing to Deliver Production Results

Jose Chirinos, the planning development manager for Repsol, elaborates on the company's well optimization tactics and their long- range rig plan in this Hart Energy LIVE Exclusive Interview. 

Shenzi North Subsea Tieback Begins Production in GoM

Woodside Energy’s two-well deepwater project went onstream ahead of schedule.

Repsol Enters US Onshore Wind with $768MM Acquisition

Repsol will buy ConnectGen, a subsidiary of Quantum Capital Group’s 547 Energy, as the Spanish company works to grow its renewable power portfolio.

Repsol to Invest More Than $130MM to Retrofit Plant to Produce Biofuels

As part of its strategy to pivot to renewables, Repsol targets the production of two million tons of low-carbon fuels by 2030. 

Equinor, Repsol and Petrobras Reveal $9B FID Offshore Brazil

Equinor, Repsol and Petrobras, partners in the BM-C-33 project offshore Brazil, have taken a $9 billion final investment decision for the project which is slated to start up in 2028.

Repsol CEO Asks EU to Stop Imports of Russian Diesel to Europe through Third Destinations

Repsol CEO asks the European Union to enforce sanctions on Russia, prevent diesel imports from routing through third countries. 

A&D Minute: International Deals Steal the Spotlight [WATCH]

Also in this week's A&D Minute: Equinor acquires Suncor's U.K. business for $850 million and Bayou Bend CCS project expands CO2 storage capacity in the Texas Gulf Coast. 

The Russia-Ukraine War and Energy Sector Certain Uncertainties

Putin’s invasion of Ukraine has reminded the world that renewables, while gaining momentum, still have a way to go and fossil fuels will remain in demand for decades to come.

EIG Acquires 25% of Repsol’s Global Upstream Business for $4.8 Billion

EIG’s acquisition of Repsol Upstream includes U.S. assets in the Marcellus Shale, Alaska’s North Slope, the Gulf of Mexico and the Eagle Ford Shale.

Norway Approves Startup of Repsol's Yme Oilfield Redevelopment

Production is expected to begin during the second half of 2021.

BP Deepens Emissions Targets As CEO Looney ‘Reinvents’ Oil Major

BP plans deep cuts to its carbon emissions by 2050, setting one of the oil sector’s most ambitious targets, as part of the biggest overhaul in the company’s 111-year history by new CEO Bernard Looney.

Indonesia's Major New Gas Find May Delay Arrival Of Output Deficit

If the new find at the group's Kali Berau Dalam-2 well shows good results, Indonesia may be able to push back the current estimate for when it has a natural gas deficit, or when consumption is greater than domestic supply, from 2025.

Repsol Unveils Largest Gas Discovery In Indonesia In 18 Years

The find, made in the Sakakemang block in South Sumatra, would translate into more than 350 million barrels of oil equivalent.