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Low-Carbon Transition

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Solstad Offshore
Low-Carbon Transition

Solstad amps up its decarbonization ante to boost vessels’ fuel efficiency and curb emissions

Solstad Offshore has joined forces with Pon Power and Caterpillar Marine to scale up fuel efficiency across its vessels and slash its emissions.

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

Eni reveals ‘excellent’ annual results as natural gas and LNG business cushions drop in profit

Eni has disclosed strong financial and operating results for 4Q and full year 2023 on the back of its natural gas and LNG portfolio.

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

BP and ADNOC build on more than 50 years of collaboration with new gas-focused joint venture

BP and ADNOC have decided to establish a new joint venture (JV), which will initially focus on the development of gas assets in Egypt.

about 2 years ago
Illustration; Source: Australian Energy Producers (former APPEA)
Low-Carbon Transition

Will unlocking new gas supply enable Australia to steer clear of forecast shortages and push energy transformation forward?

Australia’s government has been urged to target new gas supply to avoid forecast shortages and ease cost-of-living pressures.

about 2 years ago
Credit: MODEC
Low-Carbon Transition

MODEC sets out to fortify FPSO business while embracing decarbonization and new opportunities

Japan’s FPSO operator MODEC has unveiled its new, mid-term business plan, covering the period from 2024 to 2026.

about 2 years ago
Illustration. Source: BOEM
Low-Carbon Transition

Strife over US LNG permit freeze: Win for environmentalists and loss for Big Oil but is there more to it?

The Biden administration’s imposed pause on pending approvals of liquefied natural gas (LNG) exports is seen as a controversial move, which has brought the strife between Big Oil and climate campaigners to the fore.

23 minutes read
FPSO Akpo; Source: Sapetro
Low-Carbon Transition

Fresh oil, gas, and drilling plays shape global energy ecosystem

This is an overview of some of the moves made over the week, so come away with us on a journey of the fossil energy market’s latest developments.

about 2 years ago
Saad Sherida Al-Kaabi, Qatar's Minister of State for Energy Affairs, the President and CEO of QatarEnergy; Courtesy of QatarEnergy
Low-Carbon Transition

QatarEnergy’s CEO: Transition to low-carbon and green future hinges on balancing the energy trilemma scales

QatarEnergy’s CEO believes the energy transition jackpot can be hit by employing a balancing act between energy security, affordability, and sustainability.

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

TotalEnergies achieves ‘robust’ multi-billion profit while balancing energy transition scales

TotalEnergies has managed to tuck strong financial and operating results for the fourth quarter and full year 2023 under its belt.

about 2 years ago
Argos platform in the Gulf of Mexico; Source: BP
Low-Carbon Transition

BP’s profit cut in half but $13.8 billion still cinched in 2023

Despite a 50% fall in profit on a year-over-year basis, BP still reported a solid overall operational and financial performance during 2023.

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

As ink dries on another collaboration deal, PTTEP going in hot pursuit of CCS tech advancement

PTTEP has inked a memorandum of understanding (MoU) with Mahidol University, which will enable it to bolster CCS technology in Thailand.

about 2 years ago
FPSO Prosperity works at Payara, Guyana’s third offshore oil development on the Stabroek Block; Source: ExxonMobil
Low-Carbon Transition

ExxonMobil and Chevron amass over $57 billion in profits during 2023 while new acquisitions fuel portfolio growth

ExxonMobil and Chevron have raked in huge profits over the course of the past year, recording $36 billion and $21.37 billion, respectively.

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

TotalEnergies to splash out $903 million on its gas footprint expansion off Malaysia

TotalEnergies has set the wheels into motion to enrich its overall gas portfolio with more assets offshore Malaysia.

about 2 years ago
Mike Wirth, Chevron’s Chairman and CEO; Source: Chevron
Low-Carbon Transition

Chevron’s CEO: Oil & gas go hand in hand with low-carbon solutions

Chevron’s Chief Executive Officer (CEO) is adamant that the world needs more oil and gas alongside low-carbon solutions.

about 2 years ago
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