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Saudi Energy Minister Challenges Plan to Phase Out of Fossil Fuels at COP28
December 7, 2023
A draft agreement to phase out the use of fossil fuels that’s being deliberated at the global climate summit, COP28, in Dubai this week was met with firm opposition from Saudi officials. Energy Minister Abdulaziz bin Salman, half brother of
John Kerry Unveils Nuclear Fusion Strategy as a Source of Clean Energy at COP28
December 7, 2023
The United States will work with other governments to speed up efforts to make nuclear fusion a new source of carbon-free energy, U.S. Climate Envoy John Kerry said Tuesday, the latest of many U.S. announcements the last week aimed at
BP to Acquire Full Ownership of Lightsource for $320 Million
December 6, 2023
bp has agreed to acquire the 50.03 perent interest it does not already own in Lightsource bp, one of the world’s leading developers and operator of utility-scale solar and battery storage assets. The parties agree that now is the right
COP28 Head: No Science to Suggest Phasing Out Fossil Fuels Will Achieve Key Climate Target
December 6, 2023
Climate leaders have reacted with fury after the controversial head of COP28 claimed there was “no science” to suggest phasing out fossil fuels will help limit global warming to 1.5C. The president of the Dubai climate change summit, Sultan al
U.S. Lays Out Plan to Slash Methane from Oil and Gas at COP28
December 6, 2023
The Biden administration on Saturday unveiled final rules aimed at cracking down on U.S. oil and gas industry releases of methane, part of a global plan to rein in emissions. The rules, two years in the making, were announced by
COP28 Presidency and the Kingdom of Saudi Arabia Launch Oil and Gas Decarbonization Charter
December 6, 2023
The COP28 Presidency and the Kingdom of Saudi Arabia launched the landmark Oil and Gas Decarbonization Charter (OGDC), a global industry Charter dedicated to speeding up climate action and achieving high-scale impact across the oil and gas sectors. To date,
Equinor Sells Its Nigerian Business to Chappal Energies
December 6, 2023
Equinor and Chappal Energies have entered into an agreement for the sale of Equinor Nigeria Energy Company (ENEC), which holds a 53.85 percent ownership in oil and gas lease OML 128, including the unitized 20.21 percent stake in the Agbami
SilverBow Closes $700 Million Acquisition of Chesapeake’s Eagle Ford Assets
December 5, 2023
SilverBow Resources has closed its acquisition of Chesapeake Energy Corporation’s oil and gas assets in South Texas for a purchase price of $700 million, comprised of a $650 million upfront cash payment paid at closing and an additional $50 million
EPA Issues Final Rule to Reduce Methane from Oil and Natural Gas Operations
December 5, 2023
The U.S. Environmental Protection Agency (EPA) released a final rule that will sharply reduce methane and other harmful air pollutants from the oil and natural gas industry, including from hundreds of thousands of existing sources nationwide, promote the use of
Technip Energies, John Cockerill Group Form New Company to Decarbonize Hard-to-abate Industries
December 5, 2023
Technip Energies, a world-leading engineering and technology company for the energy transition, and John Cockerill Group, a major designer and manufacturer of large-scale technological solutions and leader in pressurized alkaline electrolyzers, have formed a new company — Rely. Technip Energies
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