Energy transition
A new Eni/Petronas venture is targeting 500,000 BOE/D in output from combined upstream portfolios across Malaysia and Indonesia.
2025 has seen an 81% year-on-year rise in the number of small modular reactor designs to have secured at least one source of funding or a funding commitment.
The global oilfield service company is working with Ormat Technologies to boost its integrated geothermal business.
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Shell’s venture capital subsidiary has acquired Sprng Energy, one of India’s largest renewables platforms, thus tripling its operating wind and solar power assets. -
Many hurdles for marinization of green hydrogen production already have been overcome in the offshore oil and wind sectors. A fresh set of challenges, however, will rise around developing and deploying hydrogen production facilities offshore.
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The partnership of Subsea 7 and Flasc has a plan to use out-of-service pipelines as pressure vessels in a hydro-pneumatic energy storage concept.
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The assumption of lower emissions from natural gas only holds true when the methane leaks and flaring are addressed. Mitigation of methane emissions offers an opportunity for the oil and gas industry to drastically reduce overall emissions that are typically reported on a CO2-equivalent basis. Some producers opt to showcase their good performance via voluntary certifi…
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Partnerships flourish in offshore wind, while Equinor expands its renewables drive and solar companies in the US come together to shore up the supply chain ahead of increased demand.
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Using CO2 as the geothermal power fluid to generate electricity from low-temperature abandoned hydrocarbon wells can help reduce well costs and optimize energy production. In this paper, a previously developed coupled well/reservoir model is extended to study the effects of fluid properties on thermal output.
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As the world tries to shift to renewable energy, the war in Ukraine has underscored the struggle for the minerals and metals required. The conflict illustrates that nations that pursue net-zero strategies will have to contend and account for “greenwalls,” energy-transition deterrents created by crises or geopolitical events.
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The company has renamed itself Orrön Energy and will be a pure-play renewables business. Lundin's E&P business was transferred to Aker BP, closing a $14-billion deal announced in December 2021.
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Energy transition in the UK will require absolute commitment to projects and deadlines. A slower pace of the development of energy transition projects will be less able to support the supply-chain critical mass so essential to reaching net zero.
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The deal with Manulife gives Oxy unit 1PointFive access to 27,000 acres of subsurface pore space for carbon sequestration.
