Management
By opening new fields to exploration and development, Libya is poised to boost gas production to supply exports in meaningful volumes to Europe by early 2030.
The energy technology company received an order from Twenty20 Energy for 10 gas turbines to power US data center infrastructure.
The operator has estimated about 500 million bbl of oil in place at Algaita in Block 15/06.
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A new 1.0 Bcf/D facility in Baytown, Texas, is expected online no later than 2028. -
The deal marks the biggest injection into Libya's flagging oil and gas industry in 2 decades, but not everyone in the ruling government is on board.
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An EU project is bringing together 15 partners from seven countries to work on designing and manufacturing superconducting cables to enable more efficient and less costly power transmission from renewable electricity generation sites.
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The deal for 1 mtpa results in the planned initial phase of Port Arthur LNG plant being fully subscribed.
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The acquisition of Advance Energy Partners shows that private equity groups are successfully maintaining premium valuations for core assets.
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M&A market activity in the fourth quarter fell from the third-quarter high to $13 billion.
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Novatek is reporting a 6.3% jump in 2022 LNG exports, driven by Europe which has shunned Russian pipeline gas while increasing its purchases of Russian LNG.
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Spending on low-carbon projects will increase by $60 billion this year, 10% higher than 2022, led by wind developments but helped by a significant rise in funding for hydrogen and carbon capture, utilization and storage infrastructure, Rystad Energy research shows.
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A company plans to use compressed air to store energy underground in California. The US Postal Service makes a historic announcement. India and Brazil set their sights on green hydrogen, and ammonia cracking takes center stage in Germany.
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Projects in the running include one each from Nigeria, Saudi Arabia, and Guyana.
