Oil and Gas Climate Initiative announces progress towards methane target and new CCUS initiative to scale up actions towards climate goals

by Timothy Reeder | Oct 1, 2019 | News

The Oil and Gas Climate Initiative (OGCI) today announced further initiatives to accelerate the reduction of greenhouse gas emissions and support the goals of the Paris Agreement, ahead of OGCI’s annual event in New York City.  First, OGCI launched a new...

Siemens partners with TIES, a Chinese R&D Center to develop new technologies for electric vehicle batteries

by Timothy Reeder | Oct 1, 2019 | News

Announced recently, Siemens Digital Industries Software has partnered with Tianmu Lake Institute of Advanced Energy Storage Technologies (TIES), a major Chinese energy storage research and development center, to build an Advanced Battery Technology Innovation Center....

Equinor wins opportunity to develop the world’s largest offshore wind farm

by Timothy Reeder | Oct 1, 2019 | News

UK authorities announced today, 20 September, that Equinor and its partner SSE were awarded contracts to develop three large scale offshore wind projects in the Dogger Bank region of the North Sea.  This will be the world’s biggest offshore wind farm development...

Saudi Aramco completes acquisition of Shell’s share of the SASREF refining joint venture

by Timothy Reeder | Oct 1, 2019 | News

On September 18, 2019 the Saudi Arabian Oil Company (Saudi Aramco) has completed the acquisition of Shell Saudi Arabia (Refining) Limited’s (Shell) 50% interest in the SASREF joint venture in Jubail Industrial City, in the Kingdom of Saudi Arabia, for $631 million....

Gas discovery in the Norwegian Sea

by Timothy Reeder | Oct 1, 2019 | News

Equinor and its partners AkerBP and Wellesley Petroleum have found gas in the Ørn exploration well south-west of the Marulk field in the Norwegian Sea. Recoverable resources are estimated at 8–14 million standard cubic metres of oil equivalent, corresponding to 50–88...