Oil and gas industry sees 2023 contract volume fall, value remains stable
Investment in projects continued in 2023.
19 March 2024
19 March 2024
Investment in projects continued in 2023.
A successful commercial move to hydrogen will only be possible if new demand emerges, executive says.
The new e-NG Coalition consists of Engie, Mitsubishi Corporation, Osaka Gas, Sempra Infrastructure, Toho Gas, Tokyo Gas, TotalEnergies and Tree Energy Solutions (TES).
The agreement aims to explore the feasibility of exporting ccarbon dioxide (CO₂) from Japan to carbon capture and storage (CCS) projects in Australia and other Asia-Pacific countries.
The discovery is expected to contribute more than 100 million tons of oil equivalent to the company's proved in-place volume.
Earlier this month, Exxon initiated arbitration proceedings to assert its pre-emption rights over the Stabroek oilfield.
Nigeria's state-owned NNPC is turning to the Economic and Financial Crimes Commission (EFCC) to combat oil theft and pipeline vandalism.
This agreement marks the second long-term liquefied natural gas (LNG) supply contract for the Ruwais LNG project.
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