27 July 2023
27 July 2023
Emissions from Rosebank alone could eat up more than half of the UK’s carbon budget for all fuels between now and 2050 in a net-zero pathway.
The company plans to use the investment to explore the development of infrastructure for the production of natural gas and crude oil.
The agreements were signed with Mubadala Energy, POSCO International, Japex, and Jogmec.
Energy Income Partners, Magellan’s fourth-largest shareholder, opposes the deal as Magellan would lose its tax-free status.
Green energy activists and environmental protection organisations have fiercely opposed the Tilenga project.
The EU is importing more oil products than before Russia’s war on Ukraine, including from countries that source their oil from Russia, according to a new Transport & Environment (T&E) report.
Eni’s subsidiary plans to leverage SLB's operations in more than 100 markets to introduce its new pipeline integrity solution.
The move comes as religious groups are increasingly engaged with emissions reduction.
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