Baker Hughes Cuts Down on Scope 1, Scope 2 Emissions by 28%
Baker Hughes, an energy technology company, has released the company’s 2022 corporate sustainability report.
News / International
Eni, RINA Ink Energy Transition Agreement
Eni signed a partnership agreement with RINA to cooperate in developing initiatives that can contribute to the energy transition and decarbonization of their respective operations, particularly maritime transport.
TotalEnergies Set to Sell 50% Stake in Surmont Oil sands Asset
ConocoPhillips is exercising its preemption right to purchase the 50% stake in the Surmont asset held by TotalEnergies EP Canada Ltd. for about $3 billion, giving it full ownership and elbowing away rival Suncor Energy.
Eni Launches Program to Decarbonize Heavy Transport Sector
Eni has initiated a dedicated program to encourage the use of HVOlution, which is Eni’s first diesel produced from 100% renewable raw materials by its suppliers' vehicles transporting fuels to Eni Live Stations.
Eni, Sonangol Boost Decarbonization, Sustainable Energy Transition Cooperation
Eni and Sonangol have inked a memorandum of understanding (MoU) to further expand the scope of their cooperation by developing studies in the agribusiness value chain and in other sectors of decarbonization, including energy transition minerals and innovation ecosystem.
ADNOC, TAQA Reveal $2.4B Project to Provide Sustainable Water Supply to Onshore Operations
ADNOC and TAQA announced a strategic investment project to provide a sustainable water supply to ADNOC’s onshore operations worth up to $2.4 billion.
ADNOC Logistics and Services IPO Increases in Size
ADNOC announces to use its right as a Selling Shareholder to increase the number of ordinary shares offered in the initial public offering “IPO” of ADNOC Logistics & Services to 1,405,714,765 ordinary shares, which equates to 19% of the Company’s total issued share capital.
Iraq to Resume Crude Oil Imports to Jordan
Jordan announced that its Iraqi crude oil imports have resumed with 80,000 barrels being transported so far, Reuters reported.
OPEC Secretary General: Underinvestment Could Cause Market Volatility
Underinvestment in the oil and gas sector could cause long-term market volatility, stated Haitham Al Ghais, OPEC Secretary General, in a report from Reuters.
U.S. Rigs Face Significant Drop Amid Cuts
Baker Hughes announced that U.S. energy firms has reduces 11 oil rigs this week, which is the biggest oil rigs reduction since September 2021. The oil and gas rig count, which is treated as an early indicator of future output l, fell by 11 to 720 in the week and the most of the reductions were in Texas where the total count dropped by nine to 355 this week.
