North Sea ahead of the net-zero curve as emissions fall
A UK lobby group said the UK oil and gas industry has also more than halved methane emissions since 2018.
18 September 2024
18 September 2024
A UK lobby group said the UK oil and gas industry has also more than halved methane emissions since 2018.
The Canadian company's new facility will be located at the Globalplex multimodal plant at the Port of South Louisiana.
The project will repurpose the Golar-owned Fuji liquefied natural gas (LNG) carrier, which boasts a storage capacity of 148,500m³.
Preliminary estimates suggest the discovery holds between 0.1 and 1.2 million standard cubic metres of recoverable oil equivalent.
The US company has secured roughly one million tonnes per annum (mtpa) of regasification capacity at the new Alexandroupolis liquefied natural gas (LNG) receiving terminal in Greece.
The new Labour Government has sought to calm nerves within the UK’s North Sea oil and gas sector as the country’s transition to clean energy gathers pace.
The upstream project comprises an offshore petroleum field and associated production and processing facilities in Timor-Leste.
The contracts will be included by the company in Q2 2025.
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