As the hydrocarbon industries face intensifying pressure from stakeholders to emit less, nine oil and gas leaders share their viewpoints on how the industry should deal with expectations versus reality and why that might cut across the grain.
The system reduces the impact of operations on the environment around the well site. Galea has several fail-safe features to ensure containment and eliminate potential wire-breaks during interventions.
Hanwha Solutions leads financing round, with participation from other leading strategic energy investors.
High-cost fossil fuel producers like the U.S., Canada, Russia and Brazil need to plan for a rapid decline in exports in the coming years, or they risk being left in the lurch as the energy transition takes hold.
The two companies aim to to safeguard critical infrastructure in energy, maritime, manufacturing, chemicals, healthcare and other sectors.
To ensure fuel supply, JERA plans to keep its LNG inventory level at 1.7 million tonnes during December and February, 0.2 million tonnes higher than usual, Noguchi said.
To help the grid cope, Spain's power company restarted operations at one unit of its 1,400-megawatt coal plant in the northwestern Galicia region.
The Krafla field development will be one of the biggest development projects on the NCS in the planned realization period.
President Biden urged nations to coordinate oil release from Strategic Petroleum Reserve (SPR), in coordination with other countries, as part of efforts to tamp down high gas prices.
Global oil prices climbed to a one-week high after the move to release oil from strategic petroleum reserves to cool the market fell short of some expectations.
Haynes and Boone survey shows that a primary indicator leans toward favorable borrowing for producers in 2022.
Warren said she was concerned about "the extent to which these price increases are being driven by energy companies’ corporate greed and profiteering."
The rate at which U.S. shale producers put cash from operations into drilling for oil and gas fell to a record low last quarter, data from consultancy Rystad Energy showed.
The acquisition fund, in which the Goldman Sachs Asset Management Vintage Funds served as the lead investor, received $134 million in new capital commitments to it and a separate co-investment vehicle.
Cheniere Partners expects completion of Train 6 to be achieved in the first quarter of 2022, approximately 1 year ahead of the guaranteed completion date.
The state has added light and heavy-duty fuel cell trucks to the market, setting it closer to a self-sustaining hydrogen economy, says California Fuel Cell Partnership’s Bill Elrick.
Redman resigned last year in the wake of an investigation.
New chemicals and technologies are helping upstream oil and gas developers operate more sustainably and minimize their carbon footprint in their infrastructure.
The move reflects the oil major's shift from fossil fuels to renewables and low-carbon energy.
The minister said OPEC+ would meet on Dec. 2 and base decisions on "balance of supply and demand".
Data provider Refinitiv said output in the U.S. Lower 48 states averaged 96.1 Bcf/d so far in November, up from 94.1 Bcf/d in October and a monthly record of 95.4 Bcf/d in November 2019.
The move is a coordinated effort between energy-consuming nations including China and Japan to combat the rapid rise in energy prices.
Even if LNG by rail does not work, New Fortress could still transport LNG to the port by truck.
Prices have dropped below $80 a barrel from a three-year high amid talks of a coordinated release and potential hit to energy demand from a fourth wave of COVID-19 cases in Europe.