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Low-Carbon Transition

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Saad Sherida Al-Kaabi, Qatar’s Minister of State for Energy Affairs and President and CEO of QatarEnergy; Source: QatarEnergy

Low-Carbon Transition

US-Qatar oil & gas ties are ‘win-win’ but EU’s green agenda bound to cause exodus, QatarEnergy’s CEO warns

QatarEnergy’s CEO has pinpointed the potential detriments the EU’s new sustainability rules may bring, including energy security woes for the top global liquefied natural gas (LNG) import market, given the high penalties gas and LNG importing club members.

about 1 year ago

Rendering of the Ruwais LNG concept design; Source: ADNOC

Low-Carbon Transition

$80 billion ‘powerhouse’ makes its entrance on energy stage with gas, low-carbon tools, and chemicals in mind

ADNOC has unveiled XRG, a low-carbon energy, natural gas, and chemicals investment company with an enterprise value of over $80 billion, which is envisioned to power the world with lower-emission energy to enable a more sustainable energy future.

about 1 year ago

Low-Carbon Transition

Powering oil & gas production with renewables and low-carbon energy: Electrification brings emission cuts of 80%

While the energy transition toolbox is filled with decarbonization tools, electrification seems to be the jewel in its crown, based on research conducted by Rystad Energy, which points out that applying this method to upstream operations has the potential to get rid of over 80% of oil and gas produc

about 1 year ago

Low-Carbon Transition

Net zero quest: Weaning off oil & gas or undermining the world’s energy security backbone?

After decarbonization pledges entered the scene, climate change challenges have fanned the transformation flames, taking the energy industry’s transition to other power sources to a whole new level.

about 1 year ago

Low-Carbon Transition

Carbon offsetting and green gas: Chasing fairy tale of climate-neutral future or key tools in net zero’s arsenal?

As time goes by, the zest for a carbon-free world has sparked a seismic shift toward the sphere of environmental sustainability. However, many thorns remain on the path to such a low-emission world, including differing perceptions about the tools to achieve this goal. This is hammered home by the pu

15 minutes read

Illustration; Source: Environmental Defense Fund Europe (EDFE)

Low-Carbon Transition

Global efforts to get rid of potent greenhouse gas menace heat up – Giving methane the slip

As waves of climate change woes buffet the world mercilessly, the zest to tackle the greenhouse gas (GHG) emissions challenge is spurring global action, with attempts to combat methane being first on the agenda.

12 minutes read

Leaders at COP29 Azerbaijan; Source: COP29 Azerbaijan

Low-Carbon Transition

COP29 delivers hat trick with $1.3 trillion on the cards but lack of stronger mitigation and finance action seen as ‘betrayal’

COP29 has managed to reach a consensus on tripling climate finance while setting a new worldwide target to direct $1.3 trillion of climate finance to developing countries by 2030.

16 minutes read

COP29 Azerbaijan; Source: COP29 Presidency

Low-Carbon Transition

Carbon markets are a go but trillions at stake: Will ‘climate finance COP’ deliver the goods at the eleventh hour?

Given the trillion-dollar gap between the Global South’s demands and the Global North’s proposal for a new climate finance target, the 29th Conference of the Parties (COP29) has run into overtime in one last attempt at bridging the divide and finding common ground all parties can get behind. The cal

21 minutes read

António Guterres, UN Secretary-General, delivers remarks at the opening of the World Leaders Climate Action Summit at COP29 in Baku, Azerbaijan; Credit: UNFCCC/Kiara Worth

Low-Carbon Transition

COP29’s trillion-dollar net zero battle: Needs, wants, and reality of global energy scene run by oil & gas

Many proponents of taking a stronger stance on global climate action are hoping for a pivotal shift in the final text of the 29th Conference of the Parties (COP29), which will turn the tide once and for all in favor of renewables by unlocking trillions required to pay the net zero bill while pulling

16 minutes read

Low-Carbon Transition

US firm snaps up FEED job on LNG expansion project tackling energy trilemma

KBR has secured a front-end engineering design (FEED) deal to boost a liquified natural gas (LNG) arsenal at a project on the southeastern coast of the Arabian Peninsula in the Middle East.

about 1 year ago

Ocean Onyx semi-submersible rig; Source: Noble

Low-Carbon Transition

Noble anticipates step-up in floater rig demand as deepwater oil & gas plays become ‘critical’ to global energy security

Noble Corporation is expecting a ramp-up in drilling demand for the floater fleet from late 2025 and 2026, which will spur further rig reactivations, as it perceives the oil and gas production from deepwater reservoirs as an important factor in the global security of energy supply.

about 1 year ago

Low-Carbon Transition

War imposes six-month hiatus on gas production boost as US energy giant puts off ops to get expansion show underway

As the ongoing war in the Middle East spreads to encircle other territories while continuing to rage unabated, Chevron has postponed its planned work on a giant natural gas field expansion project off the coast of Israel.

about 2 years ago

Low-Carbon Transition

TotalEnergies empowering oil & gas and renewables arsenal with up to $90 billion by 2030 as LNG remains crown jewel of its multi-energy mission

TotalEnergies is continuing to push forward its multi-energy strategy as it works on balancing the transition to low-carbon and green sources of supply and the attempts to fortify energy security scales.

about 2 years ago

Hail and Ghasha mega gas development concept; Source: ADNOC

Low-Carbon Transition

WATCH: First steel cut for mega gas project set on zero-emission ops by entwining smart tech, carbon capture, hydrogen, nuclear, and renewable power

The UAE’s ADNOC has held a ceremony to mark the cutting of the first steel for structures that will be placed at a massive sour gas development off the coast of the United Arab Emirates (UAE), which is envisioned to have fully unmanned offshore facilities and operate with zero emissions.

about 2 years ago