Energy News Releases to 30/11/22
Oil prices continued to fluctuate as the market digests the likelihood that OPEC+ may cut production for January. China Demand Concerns remain.
The Bureau of Safety and Environmental Enforcement is extending the comment period for the public to review and provide feedback on the draft programmatic environmental impact statement (PEIS) for Oil and Gas Decommissioning Activities on the Pacific Outer Continental Shelf (OCS). Comments will now be accepted through Jan. 10, 2023. The PEIS will inform future decisions on decommissioning applications for offshore oil and gas platforms in federal waters off southern California. Twenty-three California OCS oil and gas platforms installed between the late 1960s and 1990s are subject to eventual decommissioning.
“Given the number of requests for additional time to review and evaluate options for the anticipated offshore oil and gas decommissioning in the Pacific Region, BSEE is extending the comment period by an additional 29 days to Jan. 10, 2023,” said Bruce Hesson, BSEE Pacific Region Director. “The comments we receive will inform our decisions on future decommissioning in the region, we must therefore give the public ample time to provide feedback, helping to ensure a robust analysis.”
The Bureau of Ocean Energy Management (BOEM) is assisting BSEE in the preparation of the environmental impact statement and is maintaining information about the draft PEIS on its website. The draft PEIS, appendices, and associated information are available for review at: www.boem.gov/Pacific-Decomm-PEIS.
The public and all interested parties, including federal, state, Tribal, and local governments or agencies, are invited to submit written comments on the draft PEIS until Jan. 10, 2023. Written comments on the draft PEIS may be submitted in one of the following ways listed below.
Through the federal eRulemaking Portal, Regulations.gov: Go to In the search box, enter BOEM-2021-0043 and then click “Search.” Select the document on which you want to comment and follow the instructions to submit comments and view available supporting and related materials for this notice.
By traditional mail: In an envelope labeled “Comments on the Draft PEIS for Oil and Gas Decommissioning Activities on the Pacific OCS,” mail (or hand carry) to: Mr. Richard Yarde, Regional Supervisor, Bureau of Ocean Energy Management, Pacific OCS Region, 760 Paseo Camarillo, Suite 102, Camarillo, CA 93010-6002.
By e-mail: to BOEM.PAC.decomm.PEIS@boem.gov Written comments must be submitted by 11:59 p.m. Eastern Time / 8:59 p.m. Pacific Time on Jan. 10, 2023. Read More
Enverus announced a new, multi-year agreement for Halliburton to leverage Enverus software, analytics and intelligence across its business. The agreement underscores the importance that data analytics and technology will play in the future of energy.
“Enverus provides Halliburton with critical, timely energy industry information so we can make better, data-driven decisions throughout the organization,” said Shannon Slocum, senior vice president, Global Business Development and Marketing, Halliburton.
“The energy business is complex and fragmented, but through two decades of innovation and development, Enverus makes possible the intelligent connections that enable customers to overcome that fragmentation. As a result, they can discover previously unseen insights and opportunities, act fast and deliver extraordinary outcomes,” said Manuj Nikhanj, president at Enverus. “Today’s announcement further solidifies Halliburton’s position as one of the most technologically advanced service providers to the energy sector and our collective belief that technology and advanced analytics will provide cleaner, more efficient and lower-cost energy for the world.”
Enverus is the most trusted, energy-dedicated SaaS platform in the world, offering real-time access to analytics, insights and benchmark cost and revenue data sourced from connection to 98% of U.S. producers and more than 35,000 suppliers. For more than two decades, Enverus has cultivated both public and proprietary energy data to create industry-leading analytics and insights for its 6,000 customers. Read More
Enverus Intelligence Research (EIR), a subsidiary of Enverus, has released a report exploring risks and evaluating considerations for carbon sequestration (CCS) in southern Louisiana, and the risk profiles of recently announced CCS projects in Louisiana and the closely surrounding area.In its report, EIR focused on four key themes:
What subsurface risks are prevalent in the region and their potential to add complications to or impact long-term CO2 projects.
How the risks stack up to show low-risk versus high-risk regions.
How the recent southern Louisiana projects are benchmarked against one another in terms of risk profiles.
Comparing and assessing what makes one project riskier than another looking into the unique factors elevating or diminishing the project’s risk factor. Read More
ExxonMobil and Mitsubishi Heavy Industries (MHI) have joined forces to deploy MHI’s leading CO2 capture technology as part of ExxonMobil’s end-to-end carbon capture and storage (CCS) solution for industrial customers.The joint effort combines ExxonMobil’s and MHI’s years of expertise in the industry and strengthens the companies’ ability to provide customers with solutions that will help advance a lower carbon future. By working together, the companies will provide industrial customers with the confidence that their CCS projects will be designed, built and executed effectively.
The companies have agreed to leverage their combined operating and engineering experience and core science capabilities with the support from The Kansai Electric Power Co., Inc. (KEPCO) to advance carbon capture technologies that could reduce the cost of CO2 capture for heavy-emitting industrial customers. The joint effort will build upon KM CDR Process® and Advanced KM CDR Process®, developed by MHI and KEPCO, the only liquid amine carbon capture technology commercially demonstrated at greater than 1 million metric tons per year. Read More
ACWA Power, PTT Public Company Limited (PTT) and Electricity Generating Authority of Thailand (EGAT) signed a landmark memorandum of understanding with a view to embarking on green hydrogen and derivatives projects that meet the Southeast Asian country’s domestic energy demand and enable valuable export opportunities.
Having pledged to achieve carbon neutrality by 2050 and net zero emissions by 2065, Thailand intends to produce green hydrogen as a new alternative energy source in the years and decades ahead, which entails a host of beneficial implications including supporting emissions abatement imperatives and helping to build a low-carbon circular economy at the national level. In line with this ambitious vision, and as per the terms stipulated in the MoU, ACWA Power, PTT, and EGAT will begin collaborating exclusively on a comprehensive plan to establish large-scale, renewable-powered green hydrogen and derivatives production facilities in Thailand for local energy consumption and global market export purposes. The target of hydrogen production is estimated to be around 225,000 tons per year, equivalent to around 1.2 million tons of green ammonia per year, at an estimated investment value of US$7 billion.
The MoU was finalised during a signing ceremony on 18th November 2022 at Nai Lert Park, Bangkok Thailand by Mr. Mohammad Abunayyan, Chairman of ACWA Power; Mr. Auttapol Rerkpiboon, President and CEO of PTT; and Mr. Boonyanit Wongrukmit, Governor of EGAT, in the presence of His Royal Highness Abdulaziz bin Salman Al Saud, Minister of Energy, Kingdom of Saudi Arabia; and Mr. Supattanapong Punmeechaow, Deputy Prime Minister and Minister of Energy, Kingdom of Thailand. Read More
The Water and Electricity Holding Company (Badeel), a wholly owned company by the Public Investment Fund (PIF), and ACWA Power, a leading Saudi developer, investor, and operator of power generation, water desalination and green hydrogen plants worldwide, today signed power purchase agreements to develop a 2,060 MW solar photovoltaic (PV) plant in Al Shuaibah, Makkah province (the project). This is the largest facility of its kind in the Middle East to date. The project is expected to achieve commercial operation by Q4 2025.
The project will be jointly owned by Badeel and ACWA Power. Each company will hold a 50% equity stake through the establishment of ” Shuaibah Two Electrical Energy Company”, a joint company dedicated to the development of the project.
In the same context, the Shuaibah Two Electrical Energy Company announced the signing of the power purchase agreement for the project with the Saudi Power Procurement Company (SPPC), the offtaker within this project that is a concrete representation of the energy transition in play—a giga scale development in sustainable energy that will play a key role in translating Saudi Vision 2030 goals.Badeel and ACWA Power will build, own, and operate Al Shuaibah 2 facility and the electricity produced will be sold to SPPC. When complete, it will power 350,000 homes. Read More
Saudi Arabian utility developer ACWA Power has signed a power purchase agreement (PPA) valued at $1.75 billion with Saudi Power Procurement Co. (SPPC) for the largest solar plant in the MENA region in which the Saudi wealth fund, Public Investment Fund (PIF), will be a partner.
ACWA’s project company, Shuaibah 2 Electrical Energy Co., in which PIF-owned company Water and Electricity Holding Company (Badeel) will hold a 50% stake, will develop, finance, build, own and operate the 2060 MW PV solar energy plant and the electricity produced will be sold to SPCC, ACWA Power and PIF said in separate statements on Wednesday.
The contract duration is 35 years, and the financial impact of the contracted revenues is expected to be effective after commercial operations begin by Q4 2025. Read More
Saudi Arabia’s new electric vehicle company Ceer has signed a deal to build a manufacturing site in the country.
Ceer inked a nearly $69 million agreement with the King Abdullah Economic City to build its first manufacturing facility for electric vehicles. The facility will cover 1 million square meters (10.7 million square feet) and construction will begin in early 2023. Ceer said that the “majority” of jobs pertaining to the project will go to Saudi citizens, according to a press release.
The King Abdullah Economic City is located on the Red Sea north of Jeddah, and hosts factories, a university, a port and more. Read More
Qatar and Germany have finally signed a long-term natural gas supply agreement.
The state-owned QatarEnergy signed a deal with the US energy giant ConocoPhillips to supply Germany with about 2 billion cubic meters of liquified natural gas per year. The agreement is for 15 years, but the first shipment will not take place until 2026, the official Qatar News Agency reported.
The gas will come from Qatar’s North Field East and North Field South offshore gas fields, QatarEnergy said in a statement. North Field East is one of the biggest natural gas fields in the world. Read More
Israel has approved for the Qatari Energy Consortium to be involved in drilling for natural gas in the Kana-Sidon undersea reservoir. Drilling rights in this zone, called Block 9, are currently in the hands of French TotalEnergies and Italian Eni companies.
On Nov. 15, Israel signed an agreement with both companies to begin energy exploration in the area. Block 9 lies within Lebanon’s territorial waters, but the exploration might extend into Israel’s waters. Israel’s Nov. 22 approval will enable the Qatari company to buy some of the drilling rights from the French company to participate in the expected exploration. Read More
During the period from November 22 to November 25, 2022, Eni acquired n. 9,606,502 shares, at a weighted average price per share equal to 14.1339 euro, for a total consideration of 135,777,785.89 euro within the authorization to purchase treasury shares approved at Eni’s Shareholders’ Meeting on 11 May 2022, previously subject to disclosure pursuant to art. 144-bis of Consob Regulation 11971/1999.
On the basis of the information provided by the intermediary appointed to make the purchases, the following are details of transactions for the purchase of treasury shares on the Euronext Milan on a daily basis: Read More
Just Stop Oil supporters have stopped traffic on two key routes in Central London today to demand that the government halts all new oil and gas licences and consents.
At 8:00am, 10 Just Stop Oil supporters wearing hi-vis vests walked onto Aldersgate Street in the City of London and proceeded to march slowly along London Wall, causing delays to the rush hour traffic. The march continued on major roads through the City. The march was followed by at least 7 police vehicles and up to 20 police officers but there were no arrests. A further action is now in progress on Upper Street and Holloway Road near Highbury and Islington station in central London.
On Monday a similar Just Stop Oil march in west London attracted a large police presence and two supporters were arrested. Read More
OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole @oilandgaspress.
Disclaimer: News articles reported on OilAndGasPress are a reflection of what is published in the media. OilAndGasPress is not in a position to verify the accuracy of daily news articles. The materials provided are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice.
Information posted is accurate at the time of posting, but may be superseded by subsequent press releases
Please email us your industry related news for publication info@OilAndGasPress.com
Follow us: @OilAndGasPress on Twitter |
Oil and gas press covers, Energy Monitor, Climate, Renewable, Wind, Biomass, Sustainability, Oil Price, LPG, Solar, Marine, Aviation, Fuel, Hydrogen, Electric ,EV, Gas, energy monitors,TotalEnergies, Shell, BP, Chevron
