06 September 2024
06 September 2024
The Arctic LNG 2 project involves the development of a liquefaction plant in the Gydan Peninsula.
The move comes after crude oil prices reached their lowest in nine months.
The start-up is contingent upon securing regulatory consent for wells designed for underground carbon dioxide (CO₂) storage.
The sale, which could fetch close to $1bn (£75.9bn), includes a network of 600 service stations and is part of Shell's downstream unit in the country.
Oil and gas majors Shell, Eni and bp participated in Mantel Capture’s $30m Series A funding round.
US-based company has found up to 25 million barrels of oil equivalent (mboe) in resources in an underwater well.
The Baytown facility will have a production capacity of up to one billion cubic feet per day (bcf/d) of low-carbon or blue hydrogen.
The North Sea Transition Authority (NSTA) is calling on operators to increase their well intervention activity and will host a supply chain and operator workshop later this year.
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