What will the new year bring to the oil & gas industry?
NTPC, Tecnimont looking into green methanol production in India
2
Jan
India’s largest power generation company NTPC has partnered up with Tecnimont, a subsidiary of Italy’s Maire Tecnimont Group, to explore opportunities to develop a green methanol production facility. Illustration; NTPC’s power plant. Courtesy of NTPC The companies have signed a non-binding memorandum of understanding (MoU) with an aim to jointly evaluate
Inpex invests in Dutch carbon capture technology startup
2
Jan
Japan’s oil and gas producer Inpex has invested in CarbonOrO Holding, a Dutch startup developing a carbon dioxide capture technology expected to reduce cost by enabling the capture and desorption of carbon dioxide mainly contained in the industrial exhaust gas at lower temperatures and higher pressures than conventional technologies. INPEX
Top stories that shaped LNG industry in 2022
2
Jan
The year behind us was marked by a plethora of challenges which have impacted the global energy industry, including liquefied natural gas (LNG) sector. Geopolitical turmoils followed by the worldwide energy crisis culminated in the ongoing race for the security of diverse supplies, with LNG taking the lead. Offshore Energy
Round up: Offshore oil & gas contractors’ top deals in 2022
2
Jan
Despite the new challenges and obstacles that the Ukraine crisis put in the offshore energy industry’s path, many deals have been announced over the past year, while the recovery from the woes induced by the COVID-19 pandemic picked up speed. Among the top deals, which have been awarded in 2022,
2022 is a wrap: Highlights from the offshore energy industry
2
Jan
With the lessening of restrictions imposed due to the COVID-19 pandemic, expectations of the oil and gas market’s recovery dominated at the start of 2022 prior to the Ukraine crisis. In the wake of Russia’s war in Ukraine, many industries, including the offshore energy industry, were thrown for a loop,
BP buys US biogas company in a push to reduce carbon intensity
2
Jan
UK-headquartered energy giant BP has completed the acquisition of Archaea Energy, a Texas-based renewable natural gas (RNG) company. Archaea Energy operates 50 RNG and landfill gas-to-energy facilities across the U.S., producing around 6,000 barrels of oil equivalent a day (boe/d) of RNG. Its production would be expected to provide an