Beatrice Bedeschi

COP28

Oil, gas licensing decision puts UK in tricky COP28 position

Just weeks before the start of COP28, the UK government approved the Offshore Petroleum Licensing bill, which envisages annual oil and gas licensing rounds.

COP28

Ahead of COP28, IEA calls for 60% fossil fuels emissions cut

The fossil fuel industry should commit at COP28 to reduce operational emissions by 60% to 2030, the IEA’s chief executive Fatih Birol said.

future energy

ExxonMobil backs gas as key component of future energy mix

An ExxonMobil executive told a London conference that gas is still needed, in spite of growing calls to shift away from fossil fuels towards renewable energy.

LNG demand

Asia to account for most LNG demand by 2050: conference

Asia is set to account for over 75% of the global LNG market by 2050, with LNG demand reaching over 500 million tonnes per year by that date, delegates heard.

lng industry

LNG industry buoyed by positive outlook: TotalEnergies CEO

The LNG industry’s outlook is looking increasingly optimistic amid expected demand growth particularly in Asian countries, delegates heard.

Saudi Aramco

Saudi Aramco eyes global LNG expansion with MidOcean stake

The $500 million MidOcean deal marks Saudi Aramco’s first international investment in LNG.

Abu Dhabi National Oil Company

Abu Dhabi National Oil Company FID ties CCS to net zero

With its Hail and Ghasha mega-project, Abu Dhabi National Oil Company says it will use carbon capture and storage to operate with net zero emissions.

CCS

Concerns rise over quality of energy industry carbon offsets

There are calls to abandon energy industry carbon offsets in favour of more effective and permanent carbon reducing interventions.

Groningen gas

Dutch Groningen gas field shuts down permanently

The Groningen gas field was closed on the back of rising concerns related to earthquakes linked to production activity.