Australia's Victoria state on Friday set targets of at least 2 gigawatts (GW) of offshore wind power by 2032, and 9 GW by 2040, setting up ambitious goals to help fill a gap in power supply as coal-fired plants shut down.Australia, heavily dependent on coal-fired power, currently has no offshore wind farms, although it has 7.4 GW of onshore wind power capacity.Legislation last year clearing the way for offshore projects breathed life into the sector…
Oilfield services company Schlumberger has this week launched a dedicated business aimed at tackling methane and routing flare emissions from oil and gas operations.The company said that the business, named Schlumberger End-to-end Emissions Solutions (SEES)…
Japanese-Australian venture producing hydrogen from brown coal is set to ship its maiden cargo on the world's first liquid hydrogen carrier from near Melbourne to Kobe on Friday, in a test delayed by nearly a year because of the COVID-19 pandemic…
Indonesia's Tangguh and Bontang plants are committed to selling 58 cargoes of liquefied natural gas to state utility firm Perusahaan Listrik Negara in 2022, upstream oil and gas regulator SKK Migas said in a statement on Wednesday.The statement…
China's oil consumption is expected to keep growing for a decade on robust chemical demand, reaching a peak of about 780 million tonnes per year by 2030, a research institute affiliated with China National Petroleum Corp (CNPC) said on Sunday…
Industries including energy, steel, and chemicals are looking to develop large-scale hydrogen applications to help reduce carbon emissions and avert global warming.Although hydrogen is the most abundant element in the universe, it's very scarce as a gas…
Nearly 90 countries have joined a U.S.- and EU-led effort to slash emissions of the potent greenhouse gas methane 30% by 2030 from 2020 levels, a pact aimed at tackling one of the main causes of climate change, a senior Biden administration official said…
CNOOC Ltd's unaudited third-quarter revenue grew 64% to 59.7 billion yuan ($9.33 billion) on higher prices and output, the Chinese offshore oil and gas major said on Thursday.The state oil firm said it is mapping out an emissions-cutting roadmap…
Demand for liquefied natural gas (LNG) is expected to rise by 25 to 50% by 2030, making it the fastest growing hydrocarbon over the next decade, analysts from Morgan Stanley Research said in a note on Monday.Morgan Stanley has raised its long…
Oil hit a three-year high above $86 a barrel on Thursday driven by tight supply and a global energy crunch, although prices eased as some investors took profits on signs the rally is looking overstretched.Helping to drive the latest gain, a supply report from the U…
Investment in renewable energy needs to triple by the end of the decade if the world hopes to effectively fight climate change and keep volatile energy markets under control, the International Energy Agency (IEA) said on Wednesday.'The world is not investing enough to meet its future energy needs…
Oil prices rose by about 2% on Monday, extending gains as an energy crisis grips major economies amid a pick-up in economic activity and restrained supplies from major producers.Brent crude was up $1.45, or 1.8%, at $83.84 a barrel by 1336 GMT…
Oil major BP said Monday that its BP Singapore branch had delivered its first carbon offset liquefied natural gas (LNG) cargo to CPC Corporation, Taiwan (“CPC”), to the Yung An terminal in Taiwan in September 2021. The LNG was sourced from BP’s LNG portfolio…
The market hasn't exactly cheered BHP Group's proposed exit from its oil and gas business, with shares of both the mining giant and the acquirer, Woodside Petroleum, tumbling in the wake of deal.A point of concern for investors is that BHP may have sold the assets too cheaply…
Singapore LNG Corp, operator of the city-state's liquefied natural gas (LNG) terminal, is designing a new facility to extract chemicals from the super-chilled fuel, in a project that could help boost the island's energy security.The company…
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