04 September 2024
04 September 2024
The rulings were temporarily lifted in March, but the government is looking to make this permanent as it seeks revenue to ease Norway’s energy transition.
The US shale revolution has seen it become a global leader in liquefied natural gas (LNG) exports.
BASF and LetterOne received $2.15bn (€1.95bn) in cash and new shares in Harbour Energy.
The sale forms part of Phillips 66's strategy to monetise non-core assets and streamline operations.
The move is expected to add nearly 175 million barrels of oil equivalent (mboe) to the St Malo field's gross ultimate recovery.
The project is expected to store up to four million tonnes per annum (mtpa) of carbon dioxide (CO₂) by the end of this decade.
For the UK Offshore Energies Association, collaboration between industry and government is essential for the continued development of energy infrastructure.
From energy, telecoms to urban infrastructure, a warming planet risks large-scale damage across the board.
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