Petronas, Carbon Clean Sign Deal to Explore Carbon Capture Tech
The agreement between Petronas’ carbon capture subsidiary and U.K.-headquartered Carbon Clean will center on Carbon Clean’s CycloneCC technology.
E&P Highlights: Aug. 26, 2024
Here’s a roundup of the latest E&P headlines, with Ovintiv considering selling its Uinta assets and drilling operations beginning at the Anchois project offshore Morocco.
Engelhart Completes Acquisition of Global Commodities Trader Trailstone
Engelhart Commodities Trading Partners’ acquisition marries its power, gas and oil trading business with Riverstone-backed Trailstone, which is largely focused on renewables power trading.
Energy Transition in Motion (Week of Aug. 23, 2024)
Here is a look at some of this week’s renewable energy news, including a promising outlook for global offshore wind capacity.
Canadian Solar Plans to Issue $200MM in Notes to Investor PAG
The transaction by Asia Pacific investment firm PAG is expected to close in the fourth quarter of 2024, subject to closing conditions, Canadian Solar said in a news release.
Energy Transition in Motion (Week of Aug. 16, 2024)
Here is a look at some of this week’s renewable energy news.
YPF, Petronas Target FID for Argentine LNG Facility in Late 2025
Argentina’s long-envisioned LNG export facility is closer to becoming a reality as state-owned YPF SA and Malaysia’s Petronas will look to reach a final investment decision in the second half 2025 on development in Sierra Grande on the country’s Atlantic Coast.
EIA: Natural Gas Prices to Increase in November
Crude prices will strengthen through 2024 before falling in 2025 due to lower liquid fuels consumption, particularly in China, the U.S. Energy Information Administration reported.
Amid Flagging US Activity, OFS Sector Looks to 2025—and Overseas
Despite a slowdown in U.S. activity expected to last until 2025, overseas and offshore markets helped the oilfield services sector deliver solid second-quarter results.
OFS Consolidation Continues with Flowserve to Buy MOGAS
Flowserve will purchase MOGAS Industries for at least $290 million, part of a number of oilfield service company acquisitions announced in 2024.