By the middle of the century, global emissions from plastic production could triple, an analysis has found. The stunning new estimates from Lawrence Berkeley National Laboratory, published on Wednesday,…Continue readingPlastic-production emissions could triple
Tag: gas
Black & Veatch and Samsung Heavy Industries (SHI) are set to start construction on the Cedar LNG project, a floating liquefied natural gas (FLNG) project in Kitimat, British Columbia,…Continue readingBlack & Veatch, SHI to move ahead with construction of Cedar LNG project
Pointing to the still paltry share of renewable energy in global supply, the head of Saudi Aramco described the current energy transition strategy as a misguided failure. “In the…Continue readingSaudi Aramco CEO calls energy transition strategy a failure
The data supplied to the UNFCCC, and published on its website, are typically out of date, inconsistent, and incomplete. For most countries, “I would not put much value, if…Continue readingNations Are Undercounting Emissions, Putting UN Goals at Risk
Big Oil used an industry conference this week to argue against a rapid transition to green energy, as fossil fuel companies are emboldened by high demand and record profits…Continue readingOil executives talk down rapid shift to green energy as profits boom
Climate activists in four countries are blocking access to North Sea oil infrastructure as part of a coordinated pan-European civil disobedience protest. Blockades have been taking place at oil…Continue readingClimate activists across Europe block access to North Sea oil infrastructure
Germany’s greenhouse gas emissions dropped by one-tenth last year as renewable energy grew in importance, the use of coal and gas diminished and economic pressures weighed on businesses and…Continue readingGerman greenhouse gas emissions dropped sharply last year
The Norwegian energy firm Equinor might be better known for its oil and gas holdings but, as of August, it now operates the world’s largest floating offshore wind farm,…Continue readingMoving away from fossil fuels is easier said than done
Geologists on an international subcommission recently voted down a proposal to formally recognize that we have entered the Anthropocene, a new geological epoch representing the time when massive, unrelenting…Continue readingViewpoint: What the Anthropocene’s critics overlook, and why it really should be a new geological epoch
Planet-heating methane released by the fossil fuel industry rose to near record highs in 2023 despite technology available to curb this pollution at virtually no cost, the International Energy…Continue readingMethane emissions from energy sector rose in 2023: IEA
The world is off track to meet its climate goals and the public is to blame, Darren Woods, chief executive of oil giant ExxonMobil, has claimed. As the world’s…Continue readingFury after Exxon chief says public to blame for climate failures
Profits for the biggest US oil and gas producers have almost tripled under President Joe Biden, even as the industry berates his administration’s “hostile” policies and warns that a…Continue readingOil and gas profits triple under Joe Biden even as industry decries him
QatarEnergy has unveiled plans to proceed with the North Field West project, aiming to boost the country’s liquefied natural gas (LNG) production capacity to 142 million tons per annum…Continue readingQatar’s LNG production to ramp up by nearly 85%
The problem of the ever-growing demand for power must be addressed if the world is not to risk descending into “energy turmoil” as it transitions towards clean energy, according…Continue reading‘Energy turmoil’ looms unless demand is checked, says Cop28 president
EnergyAustralia has announced the opening of its 320MW Tallawarra B gas-fired power station in New South Wales (NSW), Australia, following two years of construction. It is located next to…Continue readingEnergyAustralia inaugurates 320MW Tallawarra B gas-fired power station
UAE’s state-owned energy company Abu Dhabi National Oil Company (ADNOC) and British oil and gas firm BP have agreed to create a new gas joint venture (JV) in Egypt.…Continue readingADNOC and BP to create JV for gas development in Egypt
Global liquefied natural gas demand is forecast to surge 50% by 2040 as the world transitions to cleaner fuel, Shell said in its latest annual LNG outlook. China was…Continue readingLNG demand set to surge 50% by 2040 in clean-fuel transition, says Shell
Oxford university has come under heavy criticism after its £6bn endowment fund increased its investment in fossil fuels just a few years after making a landmark commitment to divestment. About £1…Continue readingOxford under fire for increasing fossil fuel investments
TotalEnergies and its partners in Nigeria have commenced production from the Akpo West field in the Gulf of Guinea. Akpo West, which is located 135km off the coast, is…Continue readingTotalEnergies begins production from Akpo West field offshore Nigeria
BP’s new boss Murray Auchincloss set out plans to win over shareholders on Tuesday as he pledged to turn the oil major into a “higher value company” even as…Continue readingBP targets boost for returns as it delivers second biggest profit in a decade
Exxon posted full-year net income of $36bn, down from $55.7bn the previous year, but otherwise its biggest profit since 2012. Chevron’s net income of $21.4bn was down from $35.5bn…Continue readingExxonMobil and Chevron notch second-biggest annual profits in decade
Shell, Equinor, bp, Total and NEO are among the 17 separate companies which have been offered a total of 24 licences in the second tranche of the 33rd oil…Continue reading24 licences offered in second tranche of 33rd oil and gas licensing round
“We have the expertise, the supply chains and the teams ready to build Hinkley Point C safely, on time and on budget,” Vincent de Rivaz, then chief executive of…Continue readingHinkley Point C delay deals blow to UK energy strategy
Norway’s annual exploration round, which is known as APA, focuses on the most mature regions of the Norwegian continental shelf (NCS). The Norwegian Ministry of Energy has awarded ownership…Continue readingNorway awards 62 production licenses in APA 2023 licensing round
An Australian court has dismissed an attempt by members of the indigenous population of the remote Tiwi Islands to block a new gas pipeline being built by oil and…Continue readingAustralian court allows Santos pipeline to proceed after dismissing Tiwi Islanders’ case
Petrobras and its partners have started production from the second phase of development of the Mero field (Mero-2 project) located on the Libra block in the pre-salt area of…Continue readingPetrobras and partners begin production from Mero-2 project offshore Brazil
The president of the COP28 climate summit will continue with his oil company’s record investment in oil and gas production, despite coordinating a global deal to “transition away” from fossil fuels.…Continue readingCOP28 president says his firm will keep investing in oil
The failure of COP28 to call for a phase-out of fossil fuels is “devastating” and “dangerous” given the urgent need for action to tackle the climate crisis, scientists have said. One…Continue readingFailure of Cop28 on fossil fuel phase-out is ‘devastating’, say scientists
Climate agreement may fail to result in falls in oil and gas production. The world’s largest oil producers have saluted the COP28 agreement’s focus on an “orderly” move away…Continue readingBig oil welcomes COP28 call to move away from fossil fuels in ‘orderly’ way
Australia passed breakthrough climate laws in March this year, 10 months after a new centre-left Labor government under Prime Minister Anthony Albanese took office. Even as the Albanese government…Continue readingAustralia is preparing to burn – more fossil fuels
Nearly 200 nations meeting in Dubai on Wednesday approved a first-ever call for the world to transition away from fossil fuels. The biggest-ever COP meeting hosted more than 88,000…Continue readingDubai summit adopts world-first ‘transition’ from fossil fuels
Norway has secured a parliamentary majority for its plans to open up for deep-sea mining despite opposition from environmentalists and the fishing industry, who warn the move risks further…Continue readingNorway’s parliament backs deep-sea mining plans
Saudi Arabia is driving a huge global investment plan to create demand for its oil and gas in developing countries, an undercover investigation has revealed. Critics said the plan…Continue readingRevealed: Saudi Arabia’s grand plan to ‘hook’ poor countries on oil
The world is on track to have burned more coal, oil and gas in 2023 than it did in 2022, according to a report by the Global Carbon Project,…Continue readingGlobal carbon emissions from fossil fuels to hit record high
The president of COP28, Sultan Al Jaber, has claimed there is “no science” indicating that a phase-out of fossil fuels is needed to restrict global heating to 1.5˚C, the…Continue readingCOP28 president says there is ‘no science’ behind demands for phase-out of fossil fuels
More than 400 oil and gas projects were approved globally in the last two years despite calls to abandon all new hydrocarbon development, new figures showed as the UN…Continue readingHundreds of new oil and gas projects approved despite climate crisis
The UK government presented the Offshore Petroleum Licensing Bill to Parliament with the aim of enhancing the country’s economy, ensuring energy security, and facilitating the transition to a net-zero…Continue readingUK Government tables Offshore Petroleum Licensing Bill in parliament
Excelerate Energy, a US-based liquefied natural gas (LNG) company, and Bangladesh Oil, Gas & Mineral Corporation (Petrobangla), a government-owned national gas company of Bangladesh, have entered into a long-term…Continue readingExcelerate Energy signs 15-year LNG supply deal with Petrobangla
The world’s fossil fuel producers are planning expansions that would blow the planet’s carbon budget twice over, a UN report has found. Experts called the plans “insanity” which “throw…Continue reading‘Insanity’: petrostates planning huge expansion of fossil fuels
EnBW has awarded two orders to GE Vernova for the supply of H-class natural gas-fired combined cycle power generation equipment for two combined heat and power (CHP) power stations…Continue readingEnBW awards orders to GE Vernova for two CHP power stations in Germany
British oil and gas company BP, together with its partners Neptune Energy and JAPEX, has started production from the Seagull oil and gas field in the UK North Sea.…Continue readingBP, Neptune, JAPEX start production from Seagull field in UK North Sea
Israel’s Ministry of Energy and Infrastructure has awarded 12 licences to six companies to explore natural gas off the Mediterranean coast to enhance competition and diversify suppliers. “The winning…Continue readingIsrael awards 12 offshore gas exploration licences to six companies
Competitive Power Ventures (CPV) celebrated with its partners, local officials and supporters the successful completion of the CPV Three Rivers Energy Center (CPV Three Rivers) in Grundy County, IL.…Continue readingCompetitive Power Ventures completes 1.25GW Three Rivers natural gas-fired plant
Hyundai Engineering & Construction and Hyundai Engineering have inked a $2.4bn contract with Aramco for the construction of a gas processing plant for the Jafurah gas project phase two…Continue readingHyundai affiliates sign $2.4bn contract for Jafurah gas project phase two
Affiliates of QatarEnergy and Eni signed a long-term LNG sale and purchase agreement (SPA) for the supply of up to one million tons per annum (MTPA) of LNG from…Continue readingQatarEnergy, ENI sign 27-year LNG supply agreement for up to 1MTPA to Italy
BP and its partners have shipped the first cargo of liquefied natural gas (LNG) from the newly constructed third liquefaction train at the Tangguh LNG facility in Indonesia. Safely…Continue readingBP starts commercial operation of expanded Tangguh LNG facility in Indonesia
Australian oil and gas exploration and production company Beach Energy has made a gas discovery at Tarantula Deep-1 well in the Perth Basin, located in Western Australia. “With gas…Continue readingBeach Energy makes new gas discovery at Tarantula Deep 1 well in Perth Basin
Sharjah Electricity, Water, and Gas Authority (SEWA), Sharjah Hamriyah Independent Power (SHIPCO), and GE Vernova began the commercial operations of all three blocks of the 1.8GW Hamriyah Independent Power…Continue readingUAE’s 1.8GW Hamriyah independent power plant starts commercial operations
UAE’s integrated gas processing company ADNOC Gas has entered into a multi-year liquified natural gas (LNG) supply agreement with JERA Global Markets, a subsidiary of Japan’s JERA. The agreement,…Continue readingADNOC Gas signs multi-year LNG supply deal with JERA Global Markets
Commenting on this occasion, His Excellency Minister Al-Kaabi said: “We are delighted to sign these two long-term LNG sale and purchase agreements with Shell that will further enhance our…Continue readingQatarEnergy, Shell sign 27-year LNG supply agreements for up to 3.5mtpa to the Netherlands
TotalEnergies has signed a 27-year agreement with Qatar to secure liquefied natural gas, extending France’s commitment to fossil fuels beyond 2050 in one of the longest ever LNG supply…Continue readingFrance’s Total signs 27-year LNG deal with Qatar
The Netherlands halted extraction from Europe’s biggest gas field on Sunday, which was resulting in earthquakes that have shaken local residents for decades and threaten to persist. Authorities are…Continue readingNetherlands halts extraction from Europe’s biggest gas field
There is “no contradiction” between Brazil’s plans to step up oil and gas exploration, including in waters off the Amazon rainforest, and its aspiration to lead the world’s transition…Continue readingBrazil minister says oil and green ambitions are not contradictory
Australian oil and gas company Woodside Energy announced that its Shenzi North project has commenced production in the deepwater US Gulf of Mexico. Discovered in 2002, the Shenzi platform…Continue readingWoodside announces start of production at Shenzi North project
Urgewald, a campaign group that tracks global fossil fuel finance, found that the World Bank supplied about $3.7bn (£2.95bn) in trade finance in 2022 that was likely to have…Continue readingWorld Bank spent billions of dollars backing fossil fuels in 2022
Two women climbed in the dark down the banks of the Greenbrier River in West Virginia on Thursday morning and locked themselves to a massive drill, stopping work on…Continue readingUS climate scientist risks felony by chaining herself to pipeline drill
The Baleine field will see a multi-phase development to exploit the estimated 2.5 billion barrels of oil and 3.3 trillion cubic feet of associated gas in place.Continue readingEni starts production from Baleine oil and gas field in Côte d’Ivoire
The intent of the project is to boost production by 26 million barrels of oil equivalents from the satellite field of the Statfjord oil and gas field. The oil…Continue readingEquinor begins production from Statfjord Øst expansion project in North Sea
The Timi platform is designed to produce up to 50,000 barrels of oil equivalent per day of gas at peak production. It will transport its gas through a new…Continue readingShell begins production at Timi sweet gas field development in Malaysia
U.S. oil production — already the highest in the world — is on track to set a new record this year, and will probably rise even more in 2024.…Continue readingThe U.S. is pumping oil faster than ever. Republicans don’t care.