intent, Author at GUPC | Page 172 of 746

TotalEnergies Signs Feedstock Deal for Biorefineries

Oil & Gas‚ Oil and Gas Industry | intent | June 23, 2025 | Comment off

“I am delighted with this strategic agreement with Quatra that contributes to our aim to secure the feedstock we need to produce biofuels in our biorefineries. The development of biofuels is one of our company’s strategic goals. By directly reducing the carbon intensity of the energy products used by our customers, we are actively working with them as part of our net zero approach, together with society”, Valérie Goff, Senior Vice President for Renewable Fuels & Chemicals at TotalEnergies, said.

Petronas Forges AI, Digital Partnerships

Oil & Gas‚ Oil and Gas Industry | intent | June 23, 2025 | Comment off

“This partnership reflects Petronas’ firm commitment to collaborate for a future-ready Upstream digital and technology ecosystem. By integrating advanced AI and data-driven solutions across the value chain, Petronas is reinforcing our position as a resilient and adaptive upstream player”, Mohd Jukris Abdul Wahab, Petronas Executive Vice President and Chief Executive Officer of Upstream, said.

World Braces for Iran Response to US Strikes

Oil & Gas‚ Oil and Gas Industry | intent | June 23, 2025 | Comment off

Police in New York, Washington and Los Angeles increased patrols at religious institutions, diplomatic facilities and public spaces. Officials cited no immediate credible threats but highlighted the need for vigilance. The Department of Homeland Security said the Israel-Iran war has placed the US in a “heightened threat environment” through Sept. 22.

UK Government Promises to Cut Industrial Energy Bills

Oil & Gas‚ Oil and Gas Industry | intent | June 23, 2025 | Comment off

How the cuts will be implemented has not been made clear for the time being, except a statement saying energy intensive industries will be made exempt from certain levies, such as the Renewables Obligation. The mechanism obliges electricity distributors to source part of their electricity from wind and solar installations, per government plans to reduce the country’s reliance on hydrocarbons.

LNG Canada Makes First Batch for Export

Oil & Gas‚ Oil and Gas Industry | intent | June 23, 2025 | Comment off

Once LNG Canada becomes fully operational, natural gas exports to the United States are expected to decline as more gas is directed to the liquefaction trains on Canada’s West Coast. There are also two smaller LNG export facilities under construction there, which will further squeeze exports to the south in the future. Woodfibre LNG and Cedar LNG are scheduled for completion between 2027 and 2028.

GNPC reaffirms strategic role in West Africa’s energy future

Oil & Gas‚ Oil and Gas Industry | intent | June 20, 2025 | Comment off

Ghana currently supplies about 425 million standard cubic feet of natural gas per day (MMscfd), sourced from the Jubilee and TEN fields, the Sankofa-Gye Nyame field, and imports from Nigeria. This gas supports nearly 70% of the country’s electricity generation.

Shortages hit Nigeria’s drive towards natural gas-fuelled cars

Oil & Gas‚ Oil and Gas Industry | intent | June 20, 2025 | Comment off

Four months after scrapping the fuel subsidies, Tinubu established the Presidential Compressed Natural Gas Initiative (PCNGI) to drive CNG adoption and ease Nigeria into a cleaner energy era. Experts say mass adoption of CNG will reduce greenhouse gas emissions, improve air quality and cut maintenance costs.

Egypt awards seven new oil and gas blocks

Oil & Gas‚ Oil and Gas Industry | intent | June 20, 2025 | Comment off

Cheiron Petroleum Corporation was awarded the North Sitra and East Sidi Barani blocks and will drill four exploration wells. Apache Corporation received West Kanayis-K to support ongoing developments in the Western Desert. Pharos Energy secured South Abu Sennan, committing to three wells. IPR Energy Group will drill three wells at South Wadi El Rayan. A consortium of NPC and GHP will target mature fields G and HNW, planning seven wells to boost production.

Trump Signals Holding Off Iran Strike to Give Diplomacy Time

Oil & Gas‚ Oil and Gas Industry | intent | June 20, 2025 | Comment off

Trump, who is scheduled to attend a national security meeting in the Oval Office on Friday, has publicly mused for days about having the US increase the stakes by joining Israel’s strikes on Iran. His latest stance signals a step back after a run of tough rhetoric, including demands for residents of Tehran to evacuate, and his early departure from this week’s Group of Seven summit in Canada to return to Washington.

ConocoPhillips Confirms Slagugle Oil Discovery in Norwegian Sea

Oil & Gas‚ Oil and Gas Industry | intent | June 20, 2025 | Comment off

The Directorate reported that the Slagugle oil discovery, proven in 2020, holds an estimated 4.9 to 9.8 million standard cubic meters of oil equivalent (approximately 30.8 to 61.6 million barrels of oil equivalent) in Triassic reservoir rocks. Additional potential volumes exist in the lower Are Formation and Upper Grey Beds. Licensees will now analyze the data to assess a possible development.

Author: intent