Aramco and North America energy infrastructure company, Sempra have concluded a non-binding Heads of Agreement (HoA) through their respective subsidiaries. This agreement paves the way for a 20-year Sale and Purchase Agreement (SPA) involving the offtake of 5 million tons per annum (mtpa) of liquefied natural gas (LNG) from the Port Arthur LNG Phase 2 expansion project in the US.
The company the strategic decision to divest from Egypt in late 2023 given the current economic and regional challenges.
The world faces two unprecedented challenges: stopping reliance on fossil fuels and reducing emissions. Yet, even if we stop all emissions today, the world will exceed the 1.5 degree warming threshold outlined by the United Nations given that carbon is still in the atmosphere. Thus, carbon dioxide removal (CDR) alongside rapid emissions reductions is necessary.
Wintershall Dea and its partners, Petoro and DNO, have made a gas condensate discovery at the Cuvette prospect in the North Sea, with estimated recoverable volumes of 16-38 million barrels of oil equivalent.
TotalEnergies said on Friday that it has signed a 15-year agreement with Air Products for annual supply of 70,000 tons of green hydrogen in Europe starting in 2030. This marks the first long-term green hydrogen supply contract for TotalEnergies under its tender, launched last year, to supply 500,000 tons of green hydrogen annually to decarbonize the company’s refineries in Europe.
QatarEnergy has signed Sales and Purchase Agreement (SPA) with Taiwan CPC Corporation for the delivery of four million tons per annum (mtpa) of liquefied natural gas (LNG) from the North Field East LNG expansion project (NFE) to CPC for 27 years
TotalEnergies has signed two new LNG medium and long-term contracts in Asia, aligned with its strategy to grow its liquefied natural gas (LNG) business. One is a sales and purchase agreement (SPA) signed with Indian Oil Corporation (IOCL) to deliver up to up to 800,000 tons per year of LNG for ten years from 2026 to India, while the other is a Heads of Agreements (HoA) signed with Korea South-East Power to deliver around 500,000 tons per year of LNG for five years from 2027 to South Korea.
Japan’s top city gas supplier Tokyo Gas plans to add more natural gas assets in North America after its recent acquisition of US shale gas producer.
Chinese refiner Rongsheng Petrochemical has purchased its first Canadian crude oil through the recently expanded Trans Mountain Pipeline (TMX) from TotalEnergies via a tender process, according to Reuters.
