[ad_1] Exxon Mobil is expecting up to $2.6 billion in impairments in the fourth quarter for its upstream business, mostly related to idled assets in California. The oil and gas…
Tag: upstream
Ørsted begins construction of Denmark’s first carbon capture project
[ad_1] Ørsted is embarking on the construction of two carbon capture (CCS) facilities designed to capture and store carbon emissions from the woodchip-fired Asnæs Power Station in Kalundborg and the…
Key initiatives on Nature, Carbon Markets, Renewables and more announced on Day Two of Business & Philanthropy Climate Forum at COP28
[ad_1] Day Two of the Business & Philanthropy Climate Forum – COP28’s multistakeholder engagement platform for the private sector – brought more than 1,300 global business leaders and philanthropists…
Equinor sells Nigerian business to Chappal Energies
[ad_1] Equinor and Chappal Energies have entered into an agreement for the sale of Equinor Nigeria Energy Company (ENEC), which holds a 53.85% ownership in oil and gas lease OML…
Sime Plantation’s net profit triples to RM1.21bil in 3Q as upstream ops recovers
[ad_1] KUALA LUMPUR: Sime Darby Plantation Bhd is looking to end 2023 with a satisfactory financial performance as it turned in a robust set of earnings for its third quarter…
Parkmead announces preliminary results for the year ended 30 June 2023
[ad_1] Parkmead, the independent energy group focused on growth through gas, oil and renewable energy projects, has reported its preliminary results for the year ended 30 June 2023. HIGHLIGHTS Increased…
Tullow secures $400 million five-year debt facility
[ad_1] Tullow Oil has entered into a $400 million five-year notes facility agreement with Glencore Energy UK Limited (Glencore). The facility will be available to draw for 18 months and…
Aker Carbon Capture awarded pre-FEED in Sweden covering more than 200,000 tonnes of CO2 per year
[ad_1] Aker Carbon Capture has been awarded a pre-FEED (pre-Front End Engineering Design) for a Just Catch application by a Swedish energy company. The award follows an earlier feasibility study…
PETRONAS to bolster collaboration with Japan’s METI, JOGMEC on cross-border CO2 transportation for CCS projects
[ad_1] PETRONAS recently signed a Memorandum of Cooperation (MoC) with Japan’s Ministry of Economy, Trade and Industry (METI) and Japan Organization for Metals and Energy Security (JOGMEC) to strengthen collaboration on…