Energy Transition in Motion (Week of April 7, 2023): Advancing Projects, Investment
Here’s a look at some of this week’s renewable energy news, including a final investment decision on a $2.7 billion wind farm project offshore France.
Machine Learning Expands Subsurface Knowledge from Permian to Offshore Vietnam
Ikon Science's seismic reservoir characterization technology uses machine learning to understand and predict subsurface properties from the Permian to offshore Vietnam.
Enverus' Johnson: Natural Gas at an 'Inflection Point' [WATCH]
Hart Energy's Nissa Darbonne and Enverus' General Manager of Power and Renewables Bernadette Johnson sat down at the DUG Haynesville conference in Shreveport to talk natural gas and the factors at play in returning to a healthy market.
Ørsted Moves Forward With Taiwan Changhua 2b and 4 Offshore Wind Farms
Ørsted made final investment decision on the Changhua 2b and 4 offshore wind farms with onshore construction expected to begin in 2023.
Japan's Inpex Submits Revised Development Plan for Abadi LNG Project
Japan's biggest oil and natural gas explorer, Inpex, submitted the revised plan of development on behalf of its joint venture with Shell after amending it to include plans to neutralize all CO2 emitted from natural gas production at the Abadi gas field through CCS.
U.S. LNG Exports Back on Rising Track, Hit Record in March
Freeport LNG's facility in Texas, which had suspended operations after a fire last year, exited an eight-month outage in February and on Monday was on track to pull in about 2.2 billion cubic feet per day (Bcf/d) of gas, above its nameplate capacity, pushing up the country's overall processing rates.
What's Affecting Oil Prices This Week? (April 3, 2023)
On April 2, OPEC+ announced production cuts of 1.16 MMbbl/d beginning in May, in line with last week’s assessment that it would take unexpected good news like a production cut from OPEC+ to push the price of Brent above $80 and WTI above $75.
Energy Transition in Motion (Week of March 31, 2023): Advancing Projects, Investment
Here’s a look at some of this week’s renewable energy news, including plans to add offshore wind capacity globally.
Report: Fossil Fuels Still Motor on as Transition Trudges Along
Despite pledges and investment, the energy transition remains sluggish as fossil fuels continue to rule, energy outlook report says.
Oil Rises on U.S. Crude Draw, Iraqi Supply Risks
Looking ahead, markets will be keeping an eye on U.S. spending and inflation data and the resulting impact on the value of the U.S. dollar.