04 October 2024
04 October 2024
The plan – spread over 25 years – has been criticised by Greenpeace as merely a way to extend the life of oil and gas facilities.
The contract is for the North Field South (NFS) offshore pipelines and cables project.
The Italian energy giant has revealed that its direct methane emissions have decreased by more than 50% in the past six years.
The memorandum of understanding (MOU) includes the extension of the Motihari – Amlekhgunj Petroleum Pipeline to Chitwan and the construction of new oil storage terminals and a transnational pipeline.
Aker BP, along with licensee Wintershall Dea, is considering the potential of tying the discoveries back to existing infrastructure in the area.
The arrangement will see Ithaca issuing 635 million shares to Eni, giving the Italian oil and gas company a 38.5% interest in the expanded Ithaca share capital.
The finds by Petrobras in the Guajira Offshore Basin are estimated to hold around six trillion cubic feet (tcf) of gas in place.
The UK Government’s plan includes a three-percentage point increase from November, potentially raising the sector's overall tax rate to 78%.
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