The UK government is under attack for investing taxpayers’ money in fossil fuel companies, a hospital in Kenya accused of imprisoning patients who couldn’t pay for treatment, and a business in…Continue readingUK government under fire for investing overseas aid in fossil fuel firms
Tag: gas
United Nations climate chief says while the rapid end of burning coal, oil, and natural gas is urgently needed, the topic may not even reach crucial COP28 negotiations.Continue readingWill fossil fuel phase-out make it onto the UN’s climate agenda?
To help extract oil, companies pump large quantities of water into the ground. For each barrel of oil, many of which are later exported to Europe, up to three barrels of…Continue readingIraq’s oil boom blamed for worsening water crisis in drought-hit south
With a daily production capacity of up to 150,000 barrels of oil and six million m3 of gas, FPSO (Floating Production Storage and Offloading) Almirante Barroso is located 180km off the…Continue readingPetrobras starts production of FPSO Almirante Barroso in Búzios field
About USD 2.8 trillion is set to be invested in energy globally in 2023, USD 1.7 trillion of which will go to clean technologies. The remaining roughly USD 1 trillion is…Continue readingHumanity still investing in fossil fuels
French oil and gas major TotalEnergies has announced a 20-year renewal of the production license of the offshore Nigerian block OML130 in the Gulf of Guinea. In December 2018, TotalEnergies, then…Continue readingTotalEnergies renews offshore Nigerian block OML130 for 20 years
Climate experts criticised the G7 group of advanced economies for failing to commit to tougher action on fossil fuels after Germany and Japan prevailed on the continued use of gas and…Continue readingG7 disappoints on climate progress without deadlines on gas and coal use
South Australia’s minister for energy and mining has told a conference of the oil and gas industry in Adelaide that his state government is “at your disposal”.Continue readingSouth Australia tells gas industry the state is ‘at your disposal’
:format(webp)/cdn.vox-cdn.com/uploads/chorus_asset/file/24648457/643866584.jpg "The EPA tightens pollution standards for power plants, with a big loophole for coal and gas")
The proposed mandate requires existing power plants to start limiting their carbon dioxide emissions in 2030, introducing restrictions that would become more stringent over time. Any new gas power plants would…Continue readingThe EPA tightens pollution standards for power plants, with a big loophole for coal and gas
Equinor and its partners have awarded two contracts for the $9bn BM-C-33 gas and condensate project in the Campos Basin, Brazil to TechnipFMC and MODEC. Equinor holds a 35% operational stake…Continue readingEquinor awards contracts for $9bn BM-C-33 gas and condensate project
Two years ago, a multibillion-dollar natural gas export project planned for Alaska appeared all but dead, the victim of tough economics and Donald Trump’s trade wars. But now it’s got fresh…Continue readingAnother big Alaska fossil fuel project gets Biden team’s blessing
Oil from the Fenja field is transported through a 36km long electrically trace-heated (ETH) pipe-in-pipe solution to the Njord A platform for processing and subsequently for transport.Continue readingNeptune Energy and partners begin production from Fenja oil and gas field
Italian energy company Eni has launched the Congo LNG project, which will be the first natural gas liquefaction project in the Republic of the Congo. The midstream project, which will transform…Continue readingEni lays foundation stone of 3MTPA Congo LNG project
An annual report on fossil fuel financing by a coalition of campaign groups organised by the Rainforest Action Network found that RBC extended $42.1bn in funding to fossil fuel companies and…Continue readingRoyal Bank of Canada becomes top financier for fossil fuel industry
Starlee Sykes, head of BP’s Gulf of Mexico business, told the Financial Times in an interview that the company had responded to Biden’s call and planned to continue exploration for new…Continue readingBP commits to Gulf of Mexico as $9bn platform comes online
The LDS-01 structure was successfully drilled around the end of 2022. The well has been tied into the neighbouring commercial gas production infrastructure in just a few weeks, demonstrating again the…Continue readingParkmead starts production from new Dutch gas discovery
TotalEnergies and the Iraqi government have reached an agreement on the $10bn Gas Growth Integrated Project (GGIP) in Iraq with an aim to monetise and develop the country’s natural gas resources…Continue readingTotalEnergies, Iraq reach agreement on $10bn Gas Growth Integrated Project
“As we look to the province’s future, it is reasonable to look at the assets of the province and determine their potential. That is why we have decided to proceed with…Continue readingNewfoundland and Labrador proceeds with phase II review of current offshore oil and gas interests
The Papua LNG project will have an LNG liquefaction capacity of around four million tons per year (Mtpa). It will be built near the existing processing facilities of the PNG LNG…Continue readingJGC, Hyundai win downstream FEED contract for Papua LNG project
Sempra announced that it reached a positive final investment decision (FID) for the development, construction and operation of the Port Arthur LNG Phase 1 project in Jefferson County, Texas. “At Sempra,…Continue readingSempra launches Port Arthur LNG project
The project partners have decided to move ahead with a concept that calls for the installation of four electrical liquefaction trains with a combined capacity of four million tons per annum…Continue readingTotalEnergies and partners launch FEED for Papua LNG project in PNG
Rise of 53% came as oil group’s profits hit record $40bn in tumultuous year for energy markets. It brings van Beurden’s total compensation from Shell since becoming chief executive in 2014…Continue readingEx-Shell chief Ben van Beurden’s pay jumped to £9.7mn last year
Communities around the world emitted more carbon dioxide in 2022 than in any other year on records dating to 1900, a result of air travel rebounding from the pandemic and more…Continue readingCarbon dioxide emissions reached a record high in 2022
Risks are cascading and underestimated, new climate extremes recorded, and the conclusion.Continue readingFaster, higher, hotter: What we learned about the climate system in 2022: Part 3
2°C degrees is not a point of system stability, we are heading towards 3°C or more, and system-level change and tipping points are happening faster than forecast.Continue readingFaster, higher, hotter: What we learned about the climate system in 2022: Part 2
Record emissions, the 1.5°C target, what about overshooting 1.5°C and cooling back to that level by 2100?, and the likelihood of achieving the 2°C target.Continue readingFaster, higher, hotter: What we learned about the climate system in 2022: Part 1
Preliminary estimates indicate that the discovery holds 17-47 million barrels of recoverable oil equivalent, with the majority being oil.Continue readingEquinor makes oil and gas discovery near Troll field in Norwegian North Sea
“Shell can’t claim to be in transition as long as investments in fossil fuels dwarf investments in renewables,” said Mark van Baal, founder of Follow This, an activist shareholder group.Continue readingShell profits more than double to record $40bn
CEO, Looney, said BP would spend $8bn more on its “transition” businesses — biofuels, convenience, charging, renewables and hydrogen — between now and 2030 than previously planned, and $8bn more on…Continue readingBP slows oil and gas retreat after record $28bn profit
Oil and Natural Gas Corporation Limited (ONGC, owned by the Ministry of Petroleum and Natural Gas, Government of India) is in talks with global oil majors to infuse state of the…Continue readingONGC invest $3.5bn to keep up production
Results show scale of windfall from high oil prices following invasion of Ukraine.Continue readingExxonMobil posts record $56bn profit
Crude production from the Permian Basin has soared to a record high.Continue readingUS jobs boom in the ‘busiest spot in the busiest oilfield’
Sovereign wealth fund has gained 5% so far this year but chief executive warns of ‘uncertain’ 2023.Continue readingNorway’s $1.3tn oil fund bounces back after worst year since 2008
The energy agreement, signed during Italian PM Meloni’s visit to Tripoli, seeks to boost Libya’s gas output through new offshore gas fields.Continue readingItaly’s Eni signs $8bn gas deal with Libya amid energy crunch
“The Adorf field is already an important contributor to domestic energy supplies in Germany, providing enough gas to heat more than 100,000 households.”Continue readingNeptune Energy commences drilling at Adorf gas development
The first contract from Total Energies pertains to the LAPA SW development project in in the Santos Basin in Brazil, while the second contract from Equinor is for the Irpa pipeline…Continue readingSaipem wins $900m worth contracts from Total Energies and Equinor
In line with its growth strategy in gas and LNG, a fuel contributing to the energy transition, TotalEnergies announces the start of gas production from onshore Block 10 in the Sultanate…Continue readingTotalEnergies is rolling out its integrated gas strategy
Financial institutions signed up to GFANZ initiative accused of acting as ‘climate arsonists’.Continue readingBanks still investing heavily in fossil fuels despite net zero pledges – study
“New gas volumes will be key to enabling the development of new value chains for hydrogen for Europe.”Continue readingNorway offers 47 new offshore production licences to 25 oil companies
Exxon was expected to record more than $56bn in profits in 2022 and Chevron is set to top $37bn, record highs for both companies, according to Wall Street estimates compiled by…Continue readingExxon and Chevron share $100bn in profit after surge in oil prices
Woodside Energy, Santos and BHP among companies who have sponsorship deals with Australian arts, sport, education and community organisationsContinue readingFossil fuel interests revealed to have sponsored more than 500 Australian community organisations
From Petrobras’ own platform portfolio, the P-71 is an FPSO (floating unit for the production, storage, and transfer of oil and gas) type with capacity to process up to 150,000 barrels…Continue readingPetrobras announces start of P-71 production
The phase II of Johan Sverdrup project entails an investment of NOK48bn ($4.8bn) and includes a new platform, five new subsea systems, 28 new wells, a new module for the existing…Continue readingEquinor begins production from Johan Sverdrup Phase 2 project
The analysis, by the Global Carbon Project, calculates Earth’s “carbon budget“, which is how much CO₂ humans have released, and how much has been removed from the atmosphere by the oceans…Continue readingGlobal carbon emissions at record levels with no signs of shrinking
QatarEnergy and ConocoPhillips have signed two sales and purchase agreements to export liquefied natural gas (LNG) to Germany for at least 15 years starting 2026 – the first such supply deal…Continue readingQatarEnergy, ConocoPhillips sign LNG deal for Germany
Equinor has submitted a plan for development and operation (PDO) for the NOK 14.8 billion ($1.46 billion) Irpa gas project in the Norwegian Sea to the Norwegian Petroleum and Energy Minister…Continue readingEquinor submits PDO for $1.5 billion Irpa gas project in Norwegian Sea
US-based New Fortress Energy (NFE) has partnered with Mexico’s state-owned oil company Petróleos Mexicanos (Pemex) to develop and operate an integrated upstream and natural gas liquefaction project off the coast of…Continue readingNFE, Pemex partner for Lakach offshore gas field development
Italian oilfield services provider Saipem has won three offshore drilling contracts in the Middle East, and two in West Africa, for a total amount of about $800 million. Both projects are…Continue readingSaipem secures five new offshore drilling contracts worth $800m
The US Federal Energy Regulatory Commission (FERC) has approved Commonwealth LNG’s proposed liquefied natural gas (LNG) export terminal project of the same name in Louisiana. Proposed to be constructed on the…Continue readingUS FERC approves Commonwealth LNG project in Louisiana
Dutch construction company HSM Offshore Energy has secured a contract for the construction of a production platform at N05-A gas field in the North Sea. HSM will build the N05-A gas…Continue readingHSM wins contract to build N05-A gas production platform in North Sea
QatarEnergy entered into a 27-year Sale and Purchase Agreement (SPA) with China Petroleum & Chemical Corporation (Sinopec) for the supply of 4 million tons per annum (MTPA) of LNG (liquid natural…Continue readingQatarenergy and Sinopec sign a 27-year 4 million tons per annum LNG supply agreement to China
Tens of thousands of delegates have descended on Sharm el-Sheikh, an Egyptian resort town, for COP27, the UN climate summit. Of the 33,000-odd that registered, about 16,000 represent the 197 countries…Continue readingWhat is the fossil-fuel industry doing at COP27?
Eni, ExxonMobil, and other Area 4 partners have achieved the milestone of shipping the first cargo of liquefied natural gas (LNG) from the $8 billion Coral South floating LNG (FLNG) project…Continue readingFirst cargo from $8 billion Coral South Floating LNG project
Gas producers and their financial backers see COP27 as an opportunity for discussions about rebranding natural gas as a transition fuel rather than a fossil fuel, experts have said. Egypt’s goal…Continue readingCOP27 being used to rebrand gas as transitional fuel, experts warn
More than 30 tankers holding liquefied natural gas (LNG) are floating just off Europe’s shoreline as energy traders bet the autumn price reprieve prompted by robust supplies and warm weather will…Continue readingLNG tankers idle off Europe’s coast as traders wait for gas price rise
Before President Biden lambasted oil companies for excess profits and threatened to slap a “windfall tax” on them, several of his top energy advisers privately attempted to woo that same industry…Continue readingBiden courted oil companies before threatening them with windfall tax
The fossil fuel industry is experiencing a remarkable rebound, with sudden momentum behind more than 80 projects that range from coal-fired power plants to hulking gas export terminals, many of which…Continue readingFossil fuel projects were stalled a year ago. Now they’re making a comeback.
The heart-shaped Lake Eyre Basin covers about one-sixth of Australia. It contains one of the few remaining pristine river systems in the world. The Lake Eyre Basin is probably the last…Continue readingThe magnificent Lake Eyre Basin is threatened by 831 oil and gas wells, and more are planned
Mitsubishi Power said that the fourth and final unit of the Chonburi power plant, a 2.65GW gas-fired power facility in Thailand, has commenced operation. The Chonburi power plant is made up…Continue readingMitsubishi fully commissions 2.65GW gas power plant in Thailand
The first LNG (liquid natural gas) import terminal in Finland has been connected to the transmission network. Hamina LNG provides LNG storage services, regasification and injection services into the Finnish gas…Continue readingFinland’s first LNG import terminal has started commercial operations
MidOcean Energy, a liquefied natural gas (LNG) company formed and managed by EIG, has agreed to acquire the stakes of Tokyo Gas in four integrated LNG projects in Australia for $2.15…Continue readingMidOcean to acquire Tokyo Gas’ stakes in Australian gas projects for $2.1 billion
Fracking and drilling for new oil and gas in the North Sea is green and good for the environment, Liz Truss’s new climate minister said on Wednesday. Graham Stuart insisted that…Continue readingUK fracking and oil drilling good for environment, claims climate minister
Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi National Energy Company (TAQA) have closed financing for a $3.8 billion project to decarbonise ADNOC’s offshore oil and gas extraction operations. The…Continue readingADNOC and TAQA close financing for 3.8 billion dollar decarbonisation of oil and gas extraction
France’s TotalEnergies has signed a new investment deal in Qatar’s natural gas production expansion. Speaking alongside TotalEnergies chief executive Patrick Pouyanne on Saturday, Qatar Energy Minister Saad Sherida al-Kaabi announced the…Continue readingEuropean countries invest in Qatar gas
The Biden administration on Wednesday reinstated $190 million worth of leases to companies bidding to explore for oil and gas in the Gulf of Mexico. The administration sought to stress that…Continue readingU.S. administration awards Gulf of Mexico drilling leases to oil giants
Give our country $100bn – or stop lecturing us about making money from fossil fuels. That was the message East Timor President and Nobel Peace Prize winner José Ramos-Horta had for…Continue readingEast Timor’s Ramos-Horta presses Australia on stalled gas fields
Woodside Energy, Australia’s largest energy producer, on Tuesday capped a string of bumper results by oil, gas and coal producers. The Perth-based company said its net profit after tax rose five-fold…Continue readingHuge profits for fossil-fuel giants Woodside, Whitehaven and Santos
PetroChina Co., Sinopec and Cnooc Ltd. each said they made historic amounts of money in the January-to-June period. PetroChina’s chairman said government stimulus packages are bolstering oil demand, while top refiner…Continue readingChina’s oil giants post record profits on surging fuel prices
Global public subsidies for fossil fuels almost doubled to $700 billion in 2021. Despite the huge profits of fossil fuel companies, the subsidies soared as governments sought to shield citizens from…Continue readingGlobal fossil fuel subsidies almost doubled in 2021
Australian petroleum exploration and production company Woodside Energy and US-based engineering company Bechtel have started construction at the Pluto Train 2 project. Pluto Train 2 is the expansion of a second…Continue readingWoodside, Bechtel start construction at Pluto Train 2 project in Australia
Australian oil and gas company Santos has decided to proceed with the $2.6 billion oil project in Alaska in a bid to further diversify its production portfolio. As the operator of…Continue readingAustralia’s Santos takes Final Investment Decision on $2.6 billion oil project in Alaska
Australian oil and gas company Santos reported a half-year net profit after tax of $A1.66 billion ($US1.167 billion), up 230%. Its underlying profit was $A1.8 billion ($US1.267 billion), up 300%. After…Continue readingSantos profit rises three-fold
The Albanese government will continue to support new fossil fuel projects so long as they “stack up” from an economic and environmental perspective, the federal resources minister says. Madeleine King, in…Continue readingAustralian Federal Government to back new fossil fuel projects that ‘stack up’ economically and environmentally
In recent years, Wall Street firms have tried to talk up their commitment to the environment and social justice. Now they are singing a different tune. Large US banks such as…Continue readingUS banks tout fossil fuel credentials
Temperatures have soared up to nearly 50˚C (122˚F) in Baghdad almost daily, and in the southern city of Basra, temperatures have come close to 53˚C (127˚F) – dangerously high in a…Continue readingHeatwaves scorch Iraq as protracted political crisis grinds on
Wintershall Dea and its partners Sval Energi and Pandion Energy Norge have started production from the Nova oil field (previously Skarfjell) located in the Norwegian North Sea. The development costs of…Continue readingWintershall Dea begins production from Nova oil field, offshore Norway
The Ghasha gas project is located on the north-western shore of Abu Dhabi, United Arab Emirates (UAE). Abu Dhabi National Oil Company (ADNOC) is developing the project. ADNOC expects to begin…Continue readingADNOC Drilling wins $2 billion worth of contracts for Ghasha mega-project
The more than 4,000km (2,485 mile) long onshore gas pipeline is planned to start in Warri in Nigeria, travel through Niger, and end in Hassi R’Mel in Algeria, from where it…Continue readingAlgeria, Nigeria, and Niger sign MoU for $13 billion Trans Saharan gas pipeline
INPEX CORPORATION (INPEX) announced it has signed a statement of commitment to a net zero emissions future with the government of Australia’s Northern Territory, where the Ichthys liquid natural gas (LNG)…Continue readingINPEX gas company and Northern Territory Government sign statement of commitment to a net zero emissions future
GAZ-SYSTEM said that the Baltic Pipe project, a 900km long offshore and onshore natural gas pipeline has been connected to the Polish and Danish transmission systems. The pipeline project will bring…Continue readingGAZ-SYSTEM connects Baltic Pipe to Polish and Danish transmission systems
Oil and gas giant Woodside Energy been given the green light to operate the North West Shelf gas processing facility on the Burrup peninsula, in the Pilbara, until 2070. Federal government…Continue readingFifty-year extension for Australia’s biggest CO₂ emitter
Mongolia expects Russia to begin construction of the “Power of Siberia 2” gas pipeline through its territory to China within two years, as Moscow moves to connect its Europe-supplying gasfields to…Continue readingMongolia says Russia-China gas pipeline will break ground in 2024
Hungary’s government has declared an “energy emergency” in response to supply disruptions and skyrocketing energy prices in Europe, an official said. There is “unlikely to be enough gas in Europe for…Continue readingHungary declares ‘energy emergency’ over threat of fuel shortages
New Fortress Energy (NFE) has signed a deal to sell 11 liquefied natural gas (LNG) infrastructure vessels to a joint venture (JV) it will form with Apollo for a price of…Continue readingNew Fortress Energy to sell 11 LNG vessels to JV with Apollo for $2bn