Jan 2023

US takes lead in emerging sector as enhanced policy support drives growth

Norwegian company signs letter of intent with European customer to supply standardised technology

Equipment will enable transportation and reinjection of CO₂ at world’s largest offshore carbon capture and storage project in Malaysia

The country’s frontier upstream continues to attract interest

Rapid-deployment floating developments are a burgeoning part of the sector

International commitments to its expanding petchems and LNG industries are a huge boon

Deal with Alberta government allows companies to ramp up testing at proposed site of large-scale geological storage hub

The firm’s board continues to push back against opposition among some shareholders to plans for a merger with Israeli independent New Med

Abu Dhabi’s state oil company to develop array of projects including CCS, carbon removal and electrification in major investment programme to 2030

Developers of Norway’s first commercial carbon capture and storage project secure site for intermediate terminal in one of country’s largest industrial zones

The Emirati heavyweight’s five-year investment blueprint calls for an accelerated oil and gas capacity ramp-up

The company does not seem concerned about the effect on its growth plans of the new government’s proposed oil sector reforms, and is even looking at potential acquisitions

The supply shock caused by Russia’s invasion of Ukraine could push the long-delayed liquefaction project across the finish line

New regulations are likely to restrict an already limited pool of vessels capable of transporting gas

More deals expected this year as developers seek capital and large firms look to build up portfolios, says Wood Mackenzie

Our newly rebranded service responds to feedback from customers on what they care about most

The project is another sign of the industry’s growing adoption of floating liquefaction technology

The country’s hybrid model of state-backed and private refiners, often collaborating, continues to enjoy success

The winners of new NCS acreage stress synergies with existing portfolios

Incoming president faces a series of decisions on legacy legislation that could provide impetus for domestic ETS and offset markets

One of West Africa’s last frontiers aims to join the ranks of regional hydrocarbons producers

The latest five-year plan compounds pressure on the already financially handicapped NOC

Government to consult on potential law change allowing big emitters to use offsets generated abroad to meet domestic limits

State government offers 20-year CfD to support deployment of carbon capture as key decarbonisation tool

TotalEnergies and partners expect to produce 25,000bl/d from Lapa Southwest

A flurry of petchems co-investments reflects Aramco’s drive to preserve long-term market share in both crude and its products

Commodities trader signs up to carbon removal commitment set by First Movers Coalition

Jakarta is seeking to accelerate upstream developments and encourage more foreign investment

US state’s governor proposes legislation to support expansion of CCS and generation of tradeable offsets

Continent should match US policies such as the Inflation Reduction Act to attract capital for net-zero push, says former vice-president Al Gore

The Canadian indie is already undergoing rapid growth and is looking for further opportunities in the Southeast Asian country

Overly generous allowance allocations and low prices blunt impact of world’s largest cap-and-trade scheme in its first 18 months

The North Sea-focused producer is unimpressed by UK, Dutch and EU legislation

Norwegian energy firm launches Njord Carbon project to scale up carbon-removal technology together with Sodra and Verdane

The Orange basin’s promising upstream looks likely to gather momentum in 2023, once again led by the flagship Venus and Graff discoveries

The European products market is the latest battlefield in the conflict between Moscow and the West

Technology shunned by country’s politicians for more than a decade looks set for a key role in government’s new decarbonisation strategy

Output from the play set for slowdown as pipeline bottlenecks loom and operators remain cautious

India’s newfound reliance on discounted Russian crude continues to grow

Kampala is bullish about the country’s upstream future

Potential projects need more precise information on timing and finance if they are to progress, say MPs and industry experts

Carbon-removal technologies to gain market share as companies fret over quality of credits generated by avoidance projects, according to Shell and BCG

Growth might not be on the table, but operators are eyeing opportunities to add quality acreage

Supporters say the act will deter Ottawa from introducing further legislation affecting oil and gas, while opponents say it creates uncertainty that will harm investment

New guidelines fail to quell industry criticism, while the prevalence of long-term contracts and Australia’s geography limit the efficacy of the reforms

Deployment of new carbon dioxide removal technologies such as Beccs and Daccs must accelerate over the next decade, says University of Oxford report

Energy’s economic, geopolitical and climate challenges require the continent’s decision-makers to step up

Technology supplied by Aker Carbon Capture connected to ferroalloys production plant operated by Elkem in Rana, Norway

Cargo shipped from Gorgon project to Taiwan is first to verify GHG-neutral status using guidelines set by International Group of Liquefied Natural Gas Importers

The LNG project’s vessel is due to arrive in the second quarter

The disputed deal is playing out in public, as Capricorn’s board and activist shareholder Palliser both issue statements and rebuttals

Nippon Steel and Mitsubishi among a slew of major Japanese companies launching CCS initiatives as government sets out long-term roadmap

Potential beneficiary of LNG export solution at Leviathan is only cautiously welcoming

The UK-focused producer is finding shareholders disgruntled by its latest proposed M&A

Two preliminary reports echo industry criticisms, although lower prices have reduced the likelihood of the mechanism being triggered

Fourth offshore bid round includes 20 exploration blocks across nearly 5,900km²

Legal and illegal efforts to skirt the prohibition are likely to intensify—especially in Turkey, the Balkans and Eastern Europe

State-owned energy companies are intensifying efforts to decarbonise the emirate’s crude oil production and carve out a leading role in the nascent global hydrogen trade

Capacity will reach 1.8gt/yr of CO₂ by 2043, according to modelling by research agency

Integrity Council for the Voluntary Carbon Market to launch finalised Core Carbon Principles for credit programmes and projects, the body’s chair tells Carbon Economist

Analysts agree there will not be any great leap forward in US shale drilling in 2023

Permitting issues have radically curtailed the access to cheaply produced gas to which the industry has grown accustomed

The arrival of additional gas takeaway capacity this year is welcome news for E&Ps, but much more will be needed if the Vaca Muerta is ever going to replicate US shale

Opec+ and the IEA have both revised up 2023 forecasts for Chinese oil demand in recent weeks

The move will allow participants to hedge without being affected by the EU’s incoming market cap rules

The gas field could help Trinidad and Tobago sustain its LNG industry

Agreement adds to growing list of carbon-capture alliances forged by Malaysian oil and gas company

India and China lead CCUS deployment under optimistic emissions reduction scenarios set out by oil major