24 September 2024
24 September 2024
Andrew Gardner said the North Sea network may shut down in 2030, with Labour’s oil and gas tax policies suffocating the industry.
The agreement is in line with TotalEnergies’ strategy to develop its international long-term liquefied natural gas (LNG) sales.
The project aimed to produce up to 10GW of the natural gas-based commodity, and included a pipeline from Norway to Germany.
Iran is rich in natural resources, but its mining sector has been hindered in recent years by a lack of foreign investment.
The onshore project has the full support of indigenous communities, the company claims.
The company had envisioned the Aukra Hydrogen Hub as a means to produce nearly 1,200 tonnes (t) of blue hydrogen per day by 2030.
Challenger, with primary assets in the South American nation, has now received government approval to move the AREA OFF-1 licence to Chevron.
ExxonMobil has contested the allegations, asserting that advanced recycling technologies offer a practical solution to plastic waste.
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