Oil major ConocoPhillips has sold its oil and gas assets in Indonesia for $1.36 billion to Medco Energi, an Indonesian energy firm, after reassessing its asset portfolio in a bid to pursue energy transition opportunities, which would allow it to amass assets with lower GHG intensity, such as LNG. ConocoPhillips announced
Oil and gas company Neptune Energy has decided to surpass the net-zero emissions target and store more carbon dioxide (CO2) than is emitted from its operations and the use of its sold products by 2030. Neptune revealed last Tuesday that its aim would be supported by a refreshed strategy, focusing on
Following the footsteps of the European energy giants like BP, Shell, and Equinor, U.S. major ExxonMobil is also looking to exit its position from its projects in Russia following Vladimir Putin’s attack on Ukraine last week. ExxonMobil operates the Sakhalin-1 project in Russia on behalf of an international consortium of
Spanish energy company Repsol and compatriot shipbuilder Navantia have signed a collaboration agreement to develop solutions for maritime transport decarbonisation. Courtesy of Repsol With this agreement, the companies reinforce their commitment to accelerate the energy transition and achieve carbon neutrality. Specifically, the collaboration will focus on the evaluation of the
Technology firm Siemens Energy has secured an order from European Energy to deliver an electrolyzer plant for what is deemed as the world’s first large-scale commercial e-methanol project that will ultimately provide supplies for Maersk’s methanol-fueled fleet. Denmark-based European Energy is developing the large-scale commercial e-methanol production facility with the
U.S. LNG engineer Chart Industries will provide equipment to project developer Venture Global for its Louisiana-based Plaquemines LNG export project. Courtesy of Venture Global LNG Chart has received full notice to proceed (FNTP) for the production of cold boxes and brazed aluminum heat exchangers. These will serve Venture Global’s Plaquemines
New York-based LNG infrastructure company New Fortress Energy (NFE) has signed a deal with Italian energy giant Eni to deploy its Fast LNG floating liquefaction technology off the coast of Congo. Illustration; Courtesy of NFE NFE executed a heads of agreement (HoA) with Eni’s subsidiary Eni Congo. The HoA is specifically
Japanese shipbuilder Kawasaki Heavy Industries (KHI) has delivered Calluna Gas, a liquefied petroleum gas (LPG) powered very large gas carrier (VLGC) to compatriot tanker owner and operator IINO Kaiun Kaisha. Calluna Gas. Photo by Kawasaki Heavy Industries Calluna Gas is a dual-fuel LPG carrier powered by LPG and low-sulfur fuel
Greek company Gastrade is planning the Thrace INGS project that will include its second floating storage and regasification unit (FSRU) at the Sea of Thrace, offshore Alexandroupolis. Illustration; Courtesy of Gastrade Gastrade said it submitted an application for a new Independent Natural Gas System (INGS) license to Greece’s regulatory authority.
U.S. energy major ExxonMobil is planning a hydrogen production plant and one of the world’s largest carbon capture and storage (CCS) projects at its site at Baytown, Texas. Illustration only; Courtesy of ExxonMobil With this move, ExxonMobil wants to support efforts to reduce emissions from its operations and local industry.