Europe CO2 market can reduce storage costs but policies ‘stand in way’
Carbon emitters in Europe using offshore carbon dioxide (CO2) storage would benefit from 21% cost savings, according to a new report from The Carbon Capture and Storage Association (CCSA). The…
ADNOC and Petronas sign 15-Year LNG deal for Ruwais Project
ADNOC has signed a 15-year liquefied natural gas (LNG) sales and purchase agreement with Malaysia’s Petronas, marking its second offtake deal for the Ruwais LNG project in Abu Dhabi. Under…
Shell and Equinor form largest UK independent oil and gas company
Equinor UK and Shell UK are combining their UK offshore oil and gas assets under a new 50:50 joint venture company. With the once prolific North Sea basin now maturing…
BOEM advances oil and gas leasing program for Gulf of Mexico
National Ocean Industries Association (NOIA) President Erik Milito issued the following statement after the Bureau of Ocean Energy Management (BOEM) released the Draft Programmatic Environmental Impact Statement (EIS) for oil…
Sailboat Petrochemical begins CO2-based carbonates production in China
Jiangsu Sailboat Petrochemical (Sailboat) has begun commercial operations at a new plant in Lianyungang, Jiangsu Province, China, using carbon dioxide (CO2) as a primary feedstock. Operational since November 2024, the…
OPEC+ Delays Revival of Its Oil Production by 3 Months
OPEC+ delayed the revival of its oil production by three months, the third time it’s deferred the move while crude prices struggle amid a looming surplus. The group led by…
bp Ventures and EIP Invest $25m in Oxford Flow to advance valve tech
UK-based valve and regulator technology specialist Oxford Flow has secured a $25 million (£20 million) investment in a Series C funding round co-led by bp Ventures and Energy Impact Partners…
Capsol Technologies to study EfW plant in France
Capsol Technologies has been awarded a feasibility study by SUEZ for an energy-from-waste (EfW) plant in France. The new plant, which will feature carbon capture and storage (CCS) at an…
Constellation and CSIRO to explore natural hydrogen and helium in Western Australia
Constellation Resources Limited has signed a research agreement with Australia’s national science agency CSIRO to search for natural helium and hydrogen in Western Australia. Initially, the joint effort will focus…
Equinor, Shell Announce UK Combination
In separate statements published on their respective websites on Thursday, Equinor and Shell announced that Equinor UK Ltd, a subsidiary of Equinor ASA, and Shell U.K. Limited, a subsidiary of…
