20 June 2024
20 June 2024
Offshore Energies UK (OEUK) argued that creating new opportunities for people “starts with unlocking investment into projects".
The developing world is still reliant upon coal, gas and oil for the majority of its energy needs, according to the Energy Institute.
Demand from Asia’s emerging economies has not been as strong as expected, revealed the Institute of Energy Economics and Financial Analysis (IEEFA).
With “none of the major North Sea fossil fuel countries on track to meet 2030 climate pledges”, all eyes turn to the next UK government.
The stake sale aligns with the Italian oil giant’s four-year strategy to raise approximately €8bn ($8.58bn) through asset disposals.
The sale includes stakes in the Cassiopea gas field in Italy and Abu Qir gas production hub in Egypt.
The project will encompass the construction of both a gas processing plant and a pipeline.
Preliminary estimates suggest recoverable volumes of 9–22 million barrels of oil equivalent (mboe) in the primary Middle Jurassic target and 7–16mboe in the shallower Upper Jurassic target.
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.
Steer your business strategy with key data and insights from our latest market research reports and company profiles. Not ready to buy? Start small by downloading a sample report first.
Give your business an edge with our leading industry insights.
