News
February 07, 2025
(Bloomberg) – UK Energy Secretary Ed Miliband's pending decision on the Rosebank site highlights the conflicting goals of the government to drive economic growth while simultaneously reducing the emissions that contribute to global warming.
News
February 07, 2025
Equinor ASA reined in its renewable-energy ambitions, less than two months after snapping up a $2.3 billion stake in Danish wind giant Orsted A/S. Rivals including BP and Shell are also returning their focus to the core oil and gas business.
News
February 06, 2025
ADNOC Gas has announced record earnings for the full year (FY) 2024 of $5 billion, and its highest quarterly income of $1.38 billion since its IPO. The robust improvement was driven by several factors including a richer mix of gas, producing more liquids, and improved commercial terms in the domestic market.
News
February 04, 2025
Argent LNG has selected Baker Hughes as the liquefaction solution and related services provider for its proposed LNG export facility in Port Fourchon, La. The facility is set to deliver approximately 24 million tonnes per annum (MTPA) of liquefied natural gas.
News
February 04, 2025
(Bloomberg) – BP Plc is pushing back plans to make renewable fuels on the site of its former Kwinana oil refinery in Australia, amid a broader cost-cutting drive within the company. BP has previously said it was looking at producing green hydrogen at Kwinana in addition to renewable fuels.
News
February 04, 2025
(Bloomberg) – ADNOC will transfer stakes in some U.S. assets to its new international investment firm, XRG PJSC. ADNOC's holdings in a hydrogen venture with Exxon Mobil Corp. and NextDecade Corp.’s LNG export project will move to XRG, according to CEO Sultan Al Jaber.
News
January 31, 2025
Golar LNG has entered into a share purchase agreement for the sale of all its shares in Avenir LNG to Stolt-Nielsen Gas Ltd. for a total consideration of approximately USD $40 million. The transaction is expected to be completed during Q1 2025.
News
January 30, 2025
Aramco Americas has contracted GHGSat to monitor methane based on the success of an earlier pilot program. Abating methane emissions is an important lever for Aramco in its ambition toward net-zero across its wholly owned and operated assets by 2050.
News
January 30, 2025
Baker Hughes has been awarded an order by Tecnicas Reunidas for six gas compression trains and six propane compressors for the third expansion phase of Aramco’s Jafurah gas field, located in Saudi Arabia.
News
January 29, 2025
DEEP Earth Energy Production Corp. (DEEP) has announced a strategic collaboration with SLB to drive the development of Canada's first next-generation geothermal project, located in southeast Saskatchewan.
News
January 28, 2025
ADNOC Logistics and Services (ADNOC L&S) has joined with an Abu Dhabi seaglider operator to introduce REGENT seagliders into its fleet. ADNOC L&S will use the all-electric seagliders to transport people to and from offshore oil and gas infrastructure.
News
January 28, 2025
The Sipitang Oil and Gas Industrial Park (SOGIP) is set to officially launch in early February in Sabah, Malaysia. A partnership between Gibson Shipbrokers and SOGDC, the project will generate around 1,600 jobs and support the region's energy demand.
News
January 28, 2025
Chevron and Engine No. 1 have announced a new partnership to develop scalable, reliable power solutions for U.S.-based data centers running on U.S. natural gas. In conjunction with GE Vernova, the partnership aims to establish the first multi gigawatt-scale co-located power plant and data center during President Trump’s second term.
News
January 27, 2025
Seatrium has been awarded a contract by Japan-based Penta-Ocean Construction (POC) to carry out the engineering, procurement and construction for a 5,000-ton fully-revolving Heavy Lift Vessel project for the Japanese offshore wind market.
News
January 27, 2025
Aker Solutions and SLB Capturi have been awarded a contract for the carbon capture and storage solution at Hafslund Celsio's waste-to-energy plant in Oslo, Norway. The contract will deliver a carbon capture plant, a liquefaction system, temporary storage, and loading facility at the waste incineration site.
News
January 24, 2025
Tamboran Resources Corporation and Santos Limited have entered into a non-binding Memorandum of Understanding (MOU) to undertake technical studies relating to a potential Darwin LNG Train 2 expansion in the Beetaloo Basin.
News
January 24, 2025
(Bloomberg) – New supplies of liquefied natural gas take time to develop, and significant new capacity will only start kicking in over the coming years, a senior Exxon Mobil Corp. executive said.
News
January 24, 2025
(Bloomberg) – President Donald Trump’s Environmental Protection Agency is considering rescinding California’s permission to tackle climate change through stringent automobile pollution limits, the administration said in a U.S. Supreme Court filing.
News
January 23, 2025
Golar LNG has announced that the FLNG Gimi received feed gas from the bp-operated FPSO on the Greater Tortue Ahmeyim (GTA) project offshore Mauritania and Senegal. Full commissioning of the FLNG has now commenced.
News
January 23, 2025
SLB Capturi has completed commissioning and is handing over its modular carbon capture plant at Twence’s waste-to-energy facility in Hengelo, Netherlands. The new plant has the capacity to capture up to 100,000 metric tons of CO2 per year.
Connect with World Oil
Connect with World Oil, the upstream industry's most trusted source of forecast data, industry trends, and insights into operational and technological advances.