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Low-Carbon Transition

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Illustration; Source: QatarEnergy
Low-Carbon Transition

QatarEnergy doles out $6 billion for 18 huge LNG vessels on historic fleet expansion mission

QatarEnergy is bolstering its giant liquefied natural gas (LNG) fleet expansion with a $6 billion deal for 18 ultra-modern QC-Max size LNG vessels.

about 2 years ago
Illustration; Source: OMV
Low-Carbon Transition

OMV steps up its methane reduction game by joining UN program for curbing such emissions

OMV is the latest in the long line of oil and gas players that have thrown their support behind the Oil & Gas Methane Partnership (OGMP 2.0).

about 2 years ago
Abdülhamid Han drillship; Source: TPAO
Low-Carbon Transition

Türkiye holds LNG supply talks with ExxonMobil while setting the stage to search for oil in Black Sea

Türkiye is going all out to wean itself from its dependence on foreign natural gas, as demonstrated by the ongoing LNG negotiations with ExxonMobil.

about 2 years ago
FPSO One Guyana for ExxonMobil's oil project offshore Guyana; Source: SBM Offshore
Low-Carbon Transition

ExxonMobil and Chevron feel bite of lower gas prices but multi-billion profits still in the bag

ExxonMobil and Chevron have joined their European counterparts in posting quarterly results affected by a global plunge in gas prices.

about 2 years ago
Source: ExxonMobil Singapore
Low-Carbon Transition

New low-carbon lab launched in Singapore to help usher in cleaner future

A new corporate lab has been established in Singapore to create solutions leading to lower carbon emissions and a more sustainable future.

about 2 years ago
Illustration; Credit: Taylor Ken/TotalEnergies
Low-Carbon Transition

Dip in gas prices takes its toll on profit but multi-energy recipe still comes through for TotalEnergies

TotalEnergies has set its cap on pursuing a balancing act between hydrocarbons and low-carbon and green sources of supply, which cushioned the fall in profit due to the downward trend in gas prices.

about 2 years ago
Illustration; Source: Bureau of Safety and Environmental Enforcement (BSEE)
Low-Carbon Transition

Activists go toe to toe with Big Oil in court to challenge Trump-era Gulf of Mexico drilling allowance

Earthjustice, a nonprofit environmental law organization, is preparing once again to fight tooth and nail to overthrow a Trump-era allowance in court.

about 2 years ago
Gorgon project; Source: Chevron
Low-Carbon Transition

Tokyo Gas sells interests in four Australian LNG projects to make room for further energy transition investments

Tokyo Gas has sold minority interests in four LNG projects offshore Australia, with law firm Norton Rose Fulbright acting as legal counsel.

about 2 years ago
Rendering of proposed SPOT fixed-platform; Source: Enterprise Partners
Low-Carbon Transition

‘Largest’ oil export project in US waters greenlighted: Smooth sailing or more legal action on the horizon?

A deepwater port license has been issued for a project that is said to be the largest oil export project in U.S. history.

about 2 years ago
Julie Berg; Source: Aker Carbon Capture
Low-Carbon Transition

With CFO on the move, Aker Carbon Capture picks interim one

As its current CFO steps down from the role, Norway’s Aker Carbon Capture has appointed an interim CFO, who will take the reins in 2Q 2024.

about 2 years ago
Johan Sverdrup; Credit: Arne Reidar Mortensen/Equinor
Low-Carbon Transition

Oil & gas production on the rise but Equinor’s profit plummets as energy prices go down

Equinor’s net profit in 1Q 2024 has dropped by 46% compared to the figure recorded in 1Q 2023 amid a downturn in oil and gas prices.

about 2 years ago
EU flag; Courtesy of the European Commission; Credit: Mauro Bottaro
Low-Carbon Transition

EU takes another step toward the exit out of ‘fossil dinosaur treaty’ to safeguard green aspirations

The EU is one step closer to pulling out of the Energy Charter Treaty (ECT), as there is no end in sight for the stalemate over revamping its terms.

about 2 years ago
Congo FLNG; Source: Eni
Low-Carbon Transition

Sharp fall in gas prices brings Eni slump in profit

With natural gas prices being nearly cut in half, Italy’s energy giant Eni has seen a 46% drop in net profit in the first quarter of 2024 compared to the sum collected in the same period last year.

about 2 years ago
Illustration; Source: Peru LNG
Low-Carbon Transition

New partner joins South America’s inaugural LNG export facility

EIG-managed LNG company MidOcean Energy has completed the acquisition of Korea-based SK earthon’s interest in Peru LNG (PLNG).

about 2 years ago
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