TotalEnergies
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The Mozambique LNG project expects to achieve financial close in Q3.
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Apache, Qatar, and Shell clinch best discovery, best new venturer, and energy transition leader.
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With their gee-whiz—albeit artificial—intelligence, robots may be the industry’s answer to jobs deemed dangerous, dirty, distant, or dull.
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An independent study pegged the cost of the project at about $2.6 billion, 80% of which Norway’s government planned to fund. The ministry said there is uncertainty about Northern Lights’ benefits and that it could prove to be unprofitable.
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Goal is to reduce plant emissions profile and boost sustainability in production.
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Construction on Mozambique LNG stopped in April due to COVID-19, but Total continues work on the project even amid a $12 Billion shortfall. Financing for the Mozambique LNG project follows engineering contracts awarded by Total in the past few months.
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Total is stepping up its research into carbon capture, utilization, and storage technologies by signing a multiyear partnership with UK startup Cambridge Quantum Computing. This partnership aims to develop new quantum algorithms to improve materials for carbon capture.
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Houston-based Occidental had earmarked the money to ease debt from buying Anadarko.
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The French oil and gas major announced that it plans to achieve net-zero emissions by 2050 for its global business across production and including energy products used by its customers.
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The W-Industries contract comes 2 months after Worley was awarded a master service agreement for services on the Mozambique LNG project.