Companies

The energy transition “is not going smoothly,” the chief executive of Saudi Aramco, Amin Nasser, said on Thursday, calling for continued investment in oil and gas until low-carbon energy could grow and mature enough to meet rising energy demand. “We have to acknowledge that the current transition is not going …

Chinese state-owned energy company Sinopec has signed a deal to develop the Mansuriyah gas field in Iraq, the country’s oil ministry said last week. The field is estimated to have gas reserves of 4.5 trillion ft3 and is expected to produce 300mn ft3/day of gas. Sinopec will have a 49% …

Supermajor ExxonMobil has revealed its ambition to achieve net-zero greenhouse gas emissions for operated assets by 2050. Exxon said that the net-zero aspiration applies to Scope 1 and Scope 2 greenhouse gas emissions and builds on its 2030 emission-reduction plans, which include net-zero emissions for Permian Basin operations and ongoing …

ExxonMobil this week announced its ambition to achieve net-zero greenhouse gas emissions from its operated assets by 2050. That goal applies to the company’s Scope 1 and Scope 2 GHG emissions. “We are developing comprehensive roadmaps to reduce greenhouse gas emissions from our operated assets around the world, and where …

Gazprom’s gas deliveries to Europe dropped by 41.1 percent in the first fifteen days of January compared to the same period last year, the Russian gas giant said on Monday, in what Bloomberg estimates was the lowest daily export level since 2015. Gazprom’s natural gas exports to countries other than …

Siemens has honoured 15 particularly resourceful researchers from Germany, the US, Israel, India, the UK and Poland as 2021 Inventors of the Year. The awardees’ inventions span Siemens’ entire spectrum, and they all pursue advances based on the company’s understanding of innovation: technology that serves people and improves their everyday …

NovatekNovatek Gas & Power Asia Pte. Ltd., wholly owned subsidiary of Russia’s gas major Novatek, a and Zhejiang Energy Gas Group Co., Ltd, a subsidiary of the Zhejiang Provincial Energy Group have signed a long-term LNG sale and purchase agreement for the LNG produced from the Arctic LNG 2 project. …

Equinor has discovered oil in the Toppand prospect in the Troll/Fram area of the Norwegian North Sea. The semisubmersible West Hercules drilled wells 35/10-7 S and 35/10-7 A 8 km (5 mi) west of the Fram field in 354 m (1,161 ft) water depth. Well 35/10-7 S encountered 75-m (246-ft) …

ExxonMobil announced that it has made two oil discoveries at Fangtooth-1 and Lau Lau-1 in the Stabroek block offshore Guyana. The Fangtooth-1 well, which was drilled in 6,030 feet of water, is said to have encountered approximately 164 feet of high-quality oil-bearing sandstone reservoirs. Lau Lau-1, which was drilled in …

Russian gas company Gazprom missed its own “conservative” target for 2021 exports to Europe, and those capped flows contributed to the continent’s worst energy supply crunch in decades. Gazprom delivered 185.1 billion cubic metres to its main clients abroad, including Turkey, China and the EU, excluding former Soviet Union nations …