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Equinor and Captura Partner to Develop Ocean Carbon Removal
November 9, 2023
Multinational energy company Equinor, and direct ocean capture (DOC) company Captura, have formed a partnership to develop industrial scale solutions to remove carbon dioxide (CO2) from the ocean. The partnership will begin with an initial 1,000-ton-per-year pilot plant in Norway
Shell to Cut 200 Jobs in Overhaul of Low Carbon Unit
November 8, 2023
Shell is planning to cut about 200 jobs next year as part of plans to simplify the business and shake up its low carbon division under boss Wael Sawan. A further 130 roles have been placed under review as it
First Round of New North Sea Oil and Gas Licenses Awarded by UK Government
November 7, 2023
North Sea production received a significant boost on October 30 with the offer of 27 new licenses in areas prioritized because they have the potential to go into production more quickly than others. In addition to the 27 licenses, six
EIA: October Crude Production May Surpass U.S. Record Set in August
November 3, 2023
U.S. field production of crude oil rose to a new monthly record in August at 13.05 million barrels per day, the Energy Information Administration said on Tuesday. Output rose 0.7 percent in August from the month prior, the data showed.
BP Ships First Cargo from Indonesia’s Expanded Tangguh LNG Facility
October 24, 2023
bp, on behalf of the Tangguh production sharing contract partners, said the first cargo of liquefied natural gas (LNG) produced by the new third liquefaction train at the Tangguh LNG facility, in Papua Barat, Indonesia, has safely been loaded and
U.S. Eases Sanctions on Venezuela Oil, Gas, and Gold Sectors after Election Deal
October 20, 2023
The United States is easing sanctions on Venezuela after the South American country’s government and opposition agreed to have next year’s election monitored by international observers. Sanctions will be eased on Venezuela’s oil, gas, and gold sectors. The next election
Chevron Stops Production at Tamar Offshore Platform in Israel Following Hamas Attacks
October 17, 2023
Chevron said it stopped producing at one of its offshore natural gas platforms in the eastern Mediterranean Sea following attacks on Israel by the Palestinian militant group Hamas. The oil giant said it shut in its Tamar production platform after
Finland Investigates Suspected Sabotage of Baltic-connector Gas Pipeline
October 11, 2023
Finland says damage to an underwater natural gas pipeline with Estonia on Sunday may have been deliberate and was probably caused by “external activity”. The Baltic-connector pipeline was shut down after a sudden drop in pressure. A telecoms cable was
SLB, Aker Solutions, and Subsea7 Close on OneSubsea Joint Venture
October 5, 2023
SLB, Aker Solutions, and Subsea7 have made the final closing of their joint venture. The new business, which will adopt the OneSubsea name, will drive innovation and efficiency in subsea production by helping customers unlock reserves and reduce cycle time.
Equinor, Ithaca Energy Makes $3.8 Billion FID for Phase 1 of Rosebank Development, North Sea
October 4, 2023
Equinor and Ithaca Energy have taken the final investment decision to progress Phase 1 of the Rosebank development on the UK Continental Shelf (UKCS), investing US$3.8 billion. The North Sea Transition Authority (NSTA) granted consent for the development of the
