Exxon Mobil Corporation (NYSE:XOM) and state energy firm Pertamina reportedly plan to perform appraisal drilling for a carbon capture and storage (CCS) hub in Indonesia.
The companies partnered for preliminary work to design a commercial model for the Asri Basin Project CCS hub, reported Reuters.
NEW YORK, May 15 (Reuters) -U.S. oil major Exxon Mobil’s 250,000 barrel-per-day Joliet refinery in Illinois completed planned maintenance and is in the process of restarting operations, a spokesperson confirmed on Wednesday.
The companies have signed an agreement outlining preliminary work to design a commercial model for the Asri Basin Project carbon capture and storage (CCS) hub.
In its latest short term energy outlook (STEO), the U.S. Energy Information Administration (EIA) highlighted that, based on its estimates, “OPEC+ producers have largely adhered to the latest round of OPEC+ voluntary production cuts”.
Boston Partners trimmed its position in shares of Kosmos Energy Ltd. (NYSE:KOS – Free Report) by 40.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,405,659 shares of the oil and gas producer’s stock after selling 3,041,396 shares during the period. Boston Partners owned 0.96% of Kosmos Energy worth $29,315,000 at the end of the most recent reporting period.
Petronas Suriname E&P BV, a subsidiary of Petronas, made a third hydrocarbon discovery in Block 52 at the Fusaea-1 exploration well offshore Suriname.
There seems to be hope in the offing for Nigeria as its dwindling daily oil production turned the corner in April, rising marginally from 1.23 million barrels per day in March to 1.28 mbpd, according to the Organisation of the Petroleum Exporting Countries.
The Ghana National Gas Company Limited has denied media reports that its Chief Executive Officer
is being pressured to sign a dubious $812 million Ghana Gas Phase 2 contract.
We are also enabling shareholders to listen to the AGM as well as participate remotely. Instructions for joining the audio cast can be found at the end of this statement or within the Notice of Meeting.
A damning briefing paper released by a group of offshore wind developers warns that if Trans Tasman Resources gets the go-ahead to mine the seabed of the South Taranaki Bight, it would spell the end of New Zealand’s chance to embrace offshore wind energy.