This first steel cut activates the timeline to production and symbolizes the consortium's commitment to an infrastructure that will enhance deepwater energy production.
Fram Sør's CO₂ intensity will be only 0.5 kg per barrel, compared to 16 kg for the industrial average.
With this partnership, Glenfarne reserves 50% of the Alaska LNG project's available capacity for sale to third parties.
The plant will integrate carbon capture and export low-emission LNG from the Texas coast.
The Jotun FPSO will provide an additional 80,000 barrels of oil equivalent per day at an operating cost of only US$5 per barrel.
Woodside continues to explore opportunities with potential new partners interested in being part of the future of LNG in the United States.
The alliance between Equinor and Shell creates a new Aberdeen-based energy company that promises to boost offshore North Sea production.
The new PSC allows optimizing the installed infrastructure, opening the exploration of new structures and increasing operational efficiency in one of the most critical regions of…
The Colombian oil company acquired the 45% stake held by Repsol, following a US$452 million transaction in February.
The GTA project represents a strategic piece for regional energy development.
Two supertankers made evasive maneuvers before crossing the Strait of Hormuz.
More than 21 million barrels of oil per day transit through this route, making it the most important oil channel on the planet.