27 September 2024
27 September 2024
In June, Russia promised to meet its OPEC+ oil production targets after pumping too much oil in May.
The company also plans to invest around $2.5bn annually to enhance oil production by 50,000 barrels per day (bpd) over the next few years.
US natural gas storage reached 3.49 trillion cubic feet (tcf) as of 20 September 2024, raising concerns about potential hurricane impacts on energy infrastructure.
The Norwegian Energy Ministry officially unveiled the transport and storage facility in Øygarden, near Bergensaid, to aid Europe’s energy transition.
The joint venture (JV) aims to sequester CO₂, with Marubeni providing support in various technical and financial aspects.
Other investors also expressed interest in Enilive, which expects to achieve core earnings of around €1.2bn ($1.34bn) by 2025.
The acquisition is expected to position Validus as a prominent player in the Mid-Continent oil and gas basin.
Liquefied natural gas (LNG) is fast becoming the go-to product for nations looking to fully commit to net zero and make the best use of this transitional energy source.
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