28 March 2024
28 March 2024
Ithaca Energy announced the agreement on the same day it revealed its 2023 full-year financial results.
The Japanese utility sees natural gas as key to the energy transition.
The American Petroleum Institute (API), along with 19 other oil and gas associations, has written to the US Environmental Protection Agency (EPA) to ask it to reconsider its “waste emissions charge” proposal.
The Belbazem block comprises the Belbazem, Umm Al Salsal and Umm Al Dholou fields.
The regulation is designed to hold oil and gas companies accountable by mandating actions to prevent waste and address leaks.
SLB will pay $381.39m for an 80% stake in Aker Carbon Capture Holding.
The joint venture (JV) will develop, construct, own and operate natural gas pipeline and storage assets to meet increasing liquefied natural gas (LNG) demand.
The decision comes as banks face pressure to move away from lending to oil and gas projects.
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