Carbon Capture
How a new capital hub is raising €650bn to decarbonise Europe’s cities
The new Climate City Capital Hub is set to help European cities access private finance and transition to net zero.
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Industry News
UK Government faces legal challenges over North Sea’s outstanding drilling licences
UK’s energy department faces possible legal action over banning North Sea oil regulator from issuing outstanding drilling licences.
Contract News
Eni chooses ABL for marine warranty survey services on Congo LNG project
Italian oil and gas company Eni has selected ABL, an energy and marine consultancy, to deliver marine warranty survey services.
IEA
IEA sees slowing oil demand for 2024 as China’s consumption drops
The slowdown in global oil demand looks set to continue, with China’s “post-pandemic rebound” over, says the International Energy Agency.
Deal News
FTC delays decision on Chevron-Hess deal until after Exxon’s Guyana arbitration
FTC is postponing its decision on Chevron’s proposed $53bn acquisition of Hess until the resolution of an arbitration case involving Exxon.
Deal News
Engie and Macquarie Asset Management team up on Mexican gas pipeline project
Engie has entered into a partnership with Macquarie Asset Management for the expansion of the Mayakan natural gas pipeline located in Mexico.
Company News
ADNOC deploys AI-powered RoboWell technology at NASR offshore field
ADNOC has announced the deployment of RoboWell, an artificial intelligence (AI) autonomous well-control solution, at its NASR field.
Industry News
US Energy Department wants 4.5 million oil barrels for Strategic Petroleum Reserve
The return of an additional four million barrels of exchanged oil will help “bring down prices for American consumers and businesses.”
Deal News
Honeywell signs $1.81bn deal to acquire Air Products’ LNG business
Honeywell has announced an all-cash agreement to acquire the LNG process technology and equipment business from Air Products for $1.81bn.
BP
BP sees global oil demand peaking next year
Energy giant BP has said that global oil demand will peak as early as 2025, with renewable energy sources growing rapidly.