Heritage Foundation, BCG Talk to Rigzone About OPEC+ Meeting
Last week, the OPEC+ group held its latest meeting and decided to extend a raft of production cuts, OPEC’s website highlighted. In an oil market update focusing on the OPEC+…
Europe’s first major CO2 storage facility reaches FID
Greensand Future, billed as Europe’s first operational CO2 storage facility, has reached final investment decision (FID). It paves the way for expected investments of more than $150m across the Greensand…
Air Liquide secures €110m for renewable hydrogen project in Antwerp
Air Liquide has secured a €110m ($116m) grant from the European Innovation Fund to support its ENHANCE project, an initiative aimed at producing and distributing low-carbon and renewable hydrogen from…
Nuada and Carbfix join forces for end-to-end CCS advancements
European carbon capture specialists Nuada and Carbfix have joined forces to develop integrated carbon capture and storage (CCS) solutions for industrial emitters. Under the terms of a signed Memorandum of…
BP Merges Offshore Wind Business in $5.8 Billion Joint Venture With JERA
BP has decided to merge all its offshore wind business into a new joint venture with Japan’s energy firm JERA, to which the companies will provide up to $5.8 billion……
Kuwait’s Oil Firm Looks to Boost Indonesia Offshore Exploration
Kuwait Foreign Petroleum Exploration Company (KUFPEC) plans to bid for more oil and gas blocks offshore Indonesia and explore for hydrocarbons in the Natuna Sea, the top executive of Kuwait’s……
Equinor Exits Nigeria and Azerbaijan With $2 Billion of Asset Sales
Equinor has exited the upstream business in Nigeria and Azerbaijan after completing oil and gas asset sales of $2 billion, the Norwegian energy major said on Monday. Equinor will…
Nuclear Power Wouldn’t Be a Cost-Effective Solution for Australia
The possibility of Australia using nuclear power for the first time would not have any advantages over other technologies, as similar costs savings could be achieved with renewables even if……
Saudi Arabia Cuts Oil Prices for Asia as Demand Concerns Persist
Saudi Arabia has cut the official selling price for its crude oil for deliveries to Asia in January in a move that was largely expected amid depressed global prices. Saudi……
Oil Prices Jump on Geopolitical Uncertainty but Demand Concerns Remain
Crude oil prices began trade this week with a gain following the news that Islamist rebel groups had ousted Syria’s President Bashar Assad and taken over the country in a……
