Energy Transition
Article
February 2024
We all want clean air and water. We all want to be good stewards of our land and natural resources. And over the last 50 years, America has proven that oil and gas production and a clean environment are not mutually exclusive.
News
February 25, 2024
H.E. Minister Al-Kaabi announced that extensive appraisal drilling and testing have confirmed that productive layers of Qatar’s giant North Field extend towards the west, which allows for developing a new LNG production project in Ras Laffan.
News
February 25, 2024
Japan, the world’s second-biggest LNG buyer, is moving to secure more gas after the 2022 energy crisis pushed the government to press companies to lock in supply and invest in projects.
News
February 21, 2024
A gas-focused development is one of three options being weighed by Exxon for its seventh Guyana project, country manager Alistair Routledge said in an interview in Georgetown Wednesday. The other two are additional oil developments from existing and new discoveries, he said.
News
February 20, 2024
This study ranks and prioritizes opportunities at large scale across 58 basins in Indonesia, Malaysia, Thailand and Vietnam, covering a total surface area of over 6 million km2, to help streamline the process for identifying the best basins and plays for potential carbon storage.
News
February 19, 2024
Equinor and the Indian fertilizer and petrochemical company Deepak Fertilisers have signed a 15-year agreement for supplies of liquefied natural gas (LNG) with deliveries starting in 2026.
News
February 19, 2024
Seatrium’s scope of work will include the engineering, procurement, construction, transportation, installation, and commissioning of the 2GW HVDC Offshore Converter Platform for TenneT, which is the biggest and most powerful of its kind in the industry.
News
February 18, 2024
The Neart Na Gaoithe (NNG) offshore wind farm will provide renewable energy for 375.000 Scottish homes, equivalent to 400,000 tons of CO2 per year, thanks to its production capacity of 450 MW.
News
February 18, 2024
Caterpillar Oil & Gas announced the launch of the Cat Hybrid Energy Storage Solution to help drillers and operators cut fuel consumption, lower total cost of ownership (TCO) and reduce environmental impact in today’s oil and gas operations.
News
February 16, 2024
“H.R. 7176 will put pressure on the Biden Administration to remove their political and unnecessary blockade on LNG export projects which are vital to Texas, America, and the world. It’s a great bill, and I applaud Rep. Pfluger and House Republicans for fighting back,” said Texas Railroad Commissioner Wayne Christian.
News
February 15, 2024
The legislation (H.R. 7176) by Texas Republican Representative August Pfluger would strip the Department of Energy of their role in approving LNG-export permits and instead require the Federal Energy Regulatory Commission to deem the export of gas to be consistent with the public interest.
News
February 15, 2024
GTA Phase 1 is set to produce around 2.3 million tonnes of LNG per year. The innovative project is expected to produce LNG for more than 20 years, enabling Mauritania and Senegal to become a global LNG hub.
News
February 14, 2024
Global demand for liquefied natural gas (LNG) is estimated to rise by more than 50% by 2040, as industrial coal-to-gas switching gathers pace in China and South Asian and South-east Asian countries use more LNG to support their economic growth, according to Shell’s LNG Outlook 2024.
News
February 13, 2024
Investors have been looking for clues on Woodside’s next move after talks to create a A$86 billion ($56 billion) company with Santos ended. Santos’s portfolio would have made Woodside one of the biggest LNG producers in the Asia-Pacific, but executives warned any deal would need to reflect low premiums in recent oil and gas transactions.
News
February 12, 2024
The administration’s pause has potential implications for more than a dozen proposals now awaiting review at the Energy Department, including ventures in Louisiana by Commonwealth LNG and Energy Transfer LP.
News
February 11, 2024
Minister Al-Kaabi emphasized that, in order to face such challenges, especially in the context of the energy transition, the various stakeholders need to create a balance between energy security, affordability and sustainability, while encouraging investments in a diverse energy mix, including renewables, natural gas and other forms of energy sources to help mitigate risks associated with the volatility of energy markets.
News
February 09, 2024
CEO Nick Dell’Osso said the government’s “unfortunate” move will ultimately get resolved, but LNG projects take years to complete, “so a one-year pause, if it is a full year, is meaningful.”
News
February 08, 2024
Petronet on Tuesday renewed a contract to buy 7.5 million tons of LNG annually from Qatar from 2028 for 20 years in one of the largest ever deals for the super-chilled fuel. The country has so far found buyers for just about half of its new supply and needs to tie down others to long-term deals.
News
February 08, 2024
The collaborative energy innovation platform announced its rebrand and specialty board of advisors with executives from Nike, XPRIZE, and change-making innovators and entrepreneurs.
News
February 08, 2024
In a letter sent to Energy Secretary Jennifer Granholm, the House Committee on Science, Space, and Technology asks why the department’s study on how LNG shipments affect climate change, the economy and national security is needed and how the analysis will differ from previous studies on the issue.
News
February 07, 2024
EQT has several nonbinding deals with LNG developers in the U.S., including Texas LNG LLC, Energy Transfer LP’s Lake Charles and Commonwealth LNG. The pause most affects Energy Transfer and Commonwealth, as well as Venture Global LNG Inc.’s CP2 in Louisiana, that are moving forward with export projects.
