08 December 2023
08 December 2023
The proposed regulatory framework will require oil and gas companies to cut up to 38% of emissions from 2019 levels by 2030.
If the deal goes through, it is expected to create a leading liquefied natural gas (LNG) producer in Australia and the world.
An estimated $14bn will be spent on upstream operations in 2024.
The agreements come amid Nigeria's efforts to enhance energy security by utilising its huge natural gas resources.
The discovery comes decades after ExxonMobil abandoned its oil and gas exploration work in the region.
It is predicted that 2030 could be a landmark year for the ammonia and methanol markets in the energy transition.
Merging industry-leading business intelligence & award-winning journalism, this is an unrivalled opportunity for engagement with B2B professionals across a network of 40+ leading media websites.
Merging industry-leading business intelligence & award-winning journalism, this is an unrivalled opportunity for engagement with B2B professionals across a network of 40+ leading media websites.
While ESG 1.0 was driven by voluntary corporate action, ESG 2.0 is being driven by a new wave of government policies. A host of new environmental laws are in the pipeline, relating to mandatory reporting, carbon pricing, and carbon import tariffs, as well as more state support and investment in clean energy technologies. Companies unprepared for ESG 2.0 face higher costs and lost sales.
Ammonia and methanol are key industrial chemicals with strong demand in the agriculture, manufacturing, and construction sectors. The demand for these chemicals is expected to rise in the coming years due to their potential applications in energy transition. Low-carbon ammonia is garnering the most attention from oil and gas industry players with nearly 300 plants in development globally.
Give your business an edge with our leading industry insights.
