The European Union (EU) initiated the first phase of the Carbon Border Adjustment Mechanism (CBAM), which is the world's first system to impose CO2 emissions tariffs on imported goods such as steel, cement, and other products as EU tries to stop more polluting foreign products from undermining its green transition.
Uganda's Tilenga and Kingfisher petroleum projects, along with a pipeline to transport their oil to Tanzania for export, are progressing smoothly and are expected to commence production by 2025, according to Proscovia Nabbanja, the CEO of Uganda National Oil Co.
Baker Hughes announced that it has awarded two contracts for supplying technology from Vår Energi which expand its regional presence in the North Sea for exploration logging, well intervention technology and subsea production systems.
TotalEnergies EP Angola announced that it has finalized the sale to of its 40% interest in Block 20 to PETRONAS ANGOLA E&P LTD (PAEPL), a company belonging to the PETRONAS group of companies.
The French Minister of Environment, Christophe Bechu, said that his country tends to replace fuel and gas heaters in the houses with the heat pumps which can help in reducing greenhouse gas emissions.
Worley has announced that it will provide front-end engineering design (FEED) services for QatarEnergy LNG's groundbreaking CO2 sequestration project in Ras Laffan, Qatar.
The Pars Oil and Gas Company (POGC) announced on Monday that Iran's gas production capacity in the South Pars gas field will exceed 730 million cubic meters per day (mcm/d) during the winter of the upcoming Iranian calendar year, which begins on March 21, 2024.
Indonesian President Joko Widodo has launched the country's first carbon emission credit trading system, aiming to establish a market that will fund cuts in greenhouse gas emissions and position Indonesia as a major player in the global carbon trade.
