Bounty Oil and Gas NL, Sydney, has acquired a 25% interest in four shallow water exploration permits in the Carnarvon basin of Western Australia from Coastal Oil and Gas Pty Ltd, Perth. The binding farm-in agreement includes inshore permits EP475, EP490, EP491, and TP27…
ExxonMobil has announced plans to build its first, large-scale plastic waste advanced recycling facility in Baytown, Texas. Upon completion of the facility, which is expected to start operations by year-end 2022, the operation in Baytown will be among North America’s largest plastic waste recycling…
Advanced Power has announced that commercial operation has begun at South Field Energy, a 1,182-megawatt, low-carbon combined-cycle natural gas electric generating facility located in Columbiana County, Ohio. Advanced Power and an investor group consisting of Kyushu Electric Power Company, Inc, NH-Amundi Asset Management, PIA…
Singapore LNG Corp is making enquiries about buying LNG cargoes from the spot market, a rare move for the operator of the city-state’s LNG terminal, industry sources said. The enquiries come on the back of surging prices globally of power generation fuels such as…
National Westminster Bank, commonly known as NatWest, has set a target of providing £100 billion (US$137 billion) of sustainable and climate funding for its customers by the end of 2025. NatWest published a report which sets out the potential opportunity for the UK economy…
Suriname’s national oil company Staatsolie has signed a 30-year production sharing contract (PSC) with oil major Chevron for Block 5 located offshore Suriname. Staatsolie shared the update on the 13th October, saying that it was giving Chevron exploration, development, and production rights by entering into…
Testing, inspection, and certification specialist Bureau Veritas has joined Dutch advocacy and networking group Amsterdam IJmuiden Offshore Ports (AYOP), which has over 100 members, to tackle the decommissioning challenge. AYOP’s members include companies, regional government bodies, and research & education institutes active in offshore…
TotalEnergies and Simply Blue Group have launched TotalEnergies SBE US, a joint venture to unlock the potential for floating offshore wind projects in the US. The new joint venture will combine TotalEnergies’ expertise in large-scale offshore projects and Simply Blue Group’s floating wind know-how…
President Putin said on the 13th October that Russia was ready to provide more gas to Europe if requested, emphatically rejecting the suggestion that Moscow was squeezing supplies for political motives. “If they ask us to increase further, we are ready to increase further. We will…
Donald Trump vowed to revive the coal industry, but it’s Joe Biden who’s driving a big comeback of the dirtiest fossil fuel. US power plants are on track to burn 23% more coal this year, the first increase since 2013, despite Biden’s ambitious plan…
