03 October 2024
03 October 2024
Around 40 vessels left the South American nation’s ports in September, carrying more than 840,000 barrels of oil per day (bopd).
South Bow’s pipeline transports Canadian crude oil from Alberta to the US Midwest and Gulf Coast, and features 4,900km of infrastructure.
SM Energy will now operate the majority of the acquired assets, which include approximately 63,300 net acres.
The programme seeks to bolster emissions reduction commitments and improve coordination between businesses and governments.
Upon completion, ADNOC expects this transaction to help it become a top five global chemicals player.
The agreement, spanning just over three years, will see Santos deliver 20 liquefied natural gas (LNG) cargoes annually, amounting to roughly 500,000 tonnes per annum (tpa).
As the world's second-largest importer of liquefied natural gas (LNG), the Asian nation has experienced heightened energy security concerns following Russia's invasion of Ukraine.
Expanding charging infrastructure presents huge challenges and opportunities for traditional oil and gas companies.
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