Risk management
Expected to be commissioned in 2027, the new pipeline will double the UAE's current capacity of 1.8 million B/D of crude that can be transported beyond the contested waterway.
The UAE will prioritize national interests and production flexibility, setting up implications for OPEC’s market power, oil, prices, and global supply dynamics.
The paper describes the revalidation of a deepwater prospect that resulted in a no-drill decision.
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Although energy efficiency has long been mentioned as a means toward achieving Paris Agreement goals, the “more exciting” announcements about carbon capture and storage grabbed attention. Will concerns about energy security and high prices help bring it to the forefront? -
By turning its back on Russian oil and gas, will Europe speed up or slow down its energy transition, and what will be the impact on global climate change?
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The EU has voted to immediately ban Russian oil imports supplied by tanker, a two-thirds cut in deliveries, while member states aim for a 90% import shutdown by yearend when Germany and Poland have pledged to phase out their Russian pipeline supplies.
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The exit comes after Equinor's presence of more than 30 years with the transfer of its interests in joint ventures to Rosneft and its stake in the Kharyaga PSA to operator Zarubezhneftegaz.
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Tanker transit statistics via the Suez Canal broke historic records in April as Europe sought to import more crude oil and LNG from the Arab Gulf to replace traditional supplies from Russia.
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A new gas-gathering rule that has been issued by the US Department of Transportation's Pipeline and Hazardous Materials Safety Administration will soon expand oversight to all onshore gas-gathering pipelines, including about 425,000 miles of lines that had not previously been documented in annual reporting.
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Sempra Infrastructure and Poland’s state-owned PGNiG oil and gas company have signed a deal that is expected to result in the export of 3 mtpa of LNG to Poland from Louisiana and Texas.
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What effect is ESG having on companies involved in the chemical supply chain, and how will they look going forward?
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ExxonMobil has declared force majeure on its Sakhalin-1 operations in the Russian Far East as risk-averse shippers fearing sanctions refuse to transport Sakhalin crude and production starts to fall.
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As Europe’s second-largest LNG hub after Spain, the UK promises to play a near-term role as an “energy bridge” to ease the EU’s dependence on Russian energy, given that the UK can ship regasified product directly to the continent via subsea pipeline.
