Governments agree oil and gas firms must deploy permanent CO2 storage facilities at an unprecedented scale, but the industry argues it is pointless without also building up carbon capture and transport infrastructure, while NGOs fear the plans distract from the need to cut emissions at source.
(WO) –Jadestone Energy plc, an independent upstream oil and gas production company focused on the Asia-Pacific region, announced that the final well in the company’s 2023 East Belumut drilling campaign offshore Peninsular Malaysia has now been completed. The overall program has delivered results significantly ahead of expectations.
The CEO of the Ghana National Petroleum Corporation (GNPC) has acknowledged the need for a balanced discourse on the challenges and opportunities inherent in the transition towards a net-zero economy, particularly in Ghana and other emerging oil countries.
ExxonMobil expects to see a material increase in its earnings potential until 2027 with upstream earnings set to more than double compared to 2019 supported by strong oil and gas production growth in the Permian basin and Guyana.
Central to the climate challenge is the urgent need to address the role of the oil industry and its rising emissions of greenhouse gases and short-lived climate pollutants. The global COP28 climate talks are a key moment for the oil sector to reassess its trajectory and acknowledge that a transition to cleaner energy sources is not just desirable but a financial and economic imperative — and that ultimately a zero emissions future is one that requires a phaseout of unabated fossil fuels.
(WO) –Jadestone Energy plc, an independent upstream oil and gas production company focused on the Asia-Pacific region, announced that the final well in the company’s 2023 East Belumut drilling campaign offshore Peninsular Malaysia has now been completed. The overall program has delivered results significantly ahead of expectations.
New Jersey, United States,- The latest report published by MR Accuracy Reports indicates that the Oil Gas Risk Management Market is likely to accelerate strongly in the coming years. Analysts have studied market drivers, restraints, risks, and opportunities in the global market. The Oil Gas Risk Management Market report shows the likely direction of the market in the coming years along with its estimates. An accurate study aims to understand the market price. By analyzing the competitive landscape, the authors of the report have made excellent efforts to help readers understand the key business tactics that major companies are using to maintain market sustainability.
Nigeria intends to reduce its flare gas volume by 500mmscfd and curb current carbon emission by as much as 6 million tonnes through the ongoing Nigerian Gas Flare Commercialisation Programme (NGFCP), the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has said.
U.S. Deputy Energy Secretary Turk: “We are refilling as much as we can. We have been doing that for the last several months, and at this price level we’ll keep doing it,”.
(WO) – BrasFELS Shipyard (BrasFELS), a member of the Seatrium Group, has secured a contract from Offshore Frontier Solutions Pte. Ltd, a MODEC Group company, to undertake parts of the topside modules fabrication of a Floating Production Storage and Offloading (FPSO) for the Raia project in Brazil, operated by Equinor.