International Finance Corporation (IFC) and the Italian Climate Fund have invested $210 million in Eni S.p.A.’s Kenya subsidiary to support the expansion of advanced biofuel production and processing, contributing to the decarbonization of the global transport industry and the livelihoods of up to 200,000 small-scale Kenyan oilseed farmers.
Aramco has signed three Memorandum of with three American companies for advancing the development of lower-carbon energy solutions.
US drillers have added oil and gas rigs for the first time in four weeks, according to the latest report from energy services firm Baker Hughes.
The EU's fourth-quarter 2023 greenhouse gas (GHG) emissions fell 4.0% year-on-year to 897 million tons of CO2-equivalent, compared to 935 million tons of CO2-eq in Q4 2022. Meanwhile, GDP remained stable with a modest 0.2% increase compared to the same period in 2022.
Qatar is gearing up to signing more long-term natural gas supply deals in 2024 in order to meet growing global demand, Qatari Energy Minister Saad al-Kaabi stated, according to Al Monitor.
Equinor has announced the implantation of extensive swaps of ownership interests with Norwegian state-owned company Petro, ensuring higher value creation and more efficient resource management in the companies’ activities on the Halten Bank in the Norwegian Sea.
Eni has pledged to distribute improved cookstoves to 10 million people in sub-Saharan Africa by 2027, with a goal of reaching 20 million people by 2030 with advanced cooking solutions.
TotalEnergies has announced its plan to provide 100 million people in Africa and India access to clean cooking by 2030, thus investing more than $400 million in the development of liquefied petroleum gas (LPG) for cooking.
Kuwait Petroleum Corp (KPC) has renewed its contract to supply 300,000 barrels per day (bbl/d) of crude oil to China's Unipec, the trading arm of Asia's largest refiner Sinopec, until 2033, according to Reuters.
ADNOC has delivered the world's first certified bulk shipment of low-carbon ammonia enabled by carbon capture and storage (CCS) to Mitsui & Co., Ltd. (Mitsui) in Japan.
