Aker BP’s Hanz Subsea Tieback Goes Onstream
AKER BP’s project marks the first time subsea production systems have been reused on the Norwegian Continental Shelf.
That Landfill You’re Ignoring? It Oozes Methane
Dumping our garbage — especially our food waste — into the ground is bad for the Earth’s atmosphere. By F.D. Flam F.D. Flam is a Bloomberg Opinion columnist covering science. She is host of the “Follow the Science” podcast. Every year, Americans dump over 250 million metric tons of garbage into landfills, where it seems to magically disappear …
The Energy Transition Is Turning Ugly
Biden’s IRA is intended to boost US jobs and create new supply chains, but it’s also upsetting global trade rules and blocking solar power. By Tobin Harshaw Tobin Harshaw is a Bloomberg Opinion senior editor and columnist on national security and military affairs. Previously, he was deputy editor at the op-ed page of the New …
America’s Clean Tech Withers Even as Imports Are Blocked
It may be challenging to assail China’s lead in some technologies, but the field is wide open for those yet to get established. By David Fickling David Fickling is a Bloomberg Opinion columnist covering climate change and energy. Previously, he worked for Bloomberg News, the Wall Street Journal and the Financial Times. When you introduce …
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TotalEnergies to Buy Sapura Energy Gas Assets for $530 Million
TotalEnergies SE agreed to buy Sapura Energy Bhd.’s 50% stake in Malaysian natural gas producer SapuraOMV Upstream Sdn for $530 million, reaffirming its recent bet in the southeast Asian nation. The French energy giant’s announcement on Monday comes less than three months after it agreed to buy OMV AG’s 50% stake in SapuraOMV for $903 million, including the transfer of a …
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Automakers Hope for a Cut as Two-Way EV Charging Becomes Real
Summary So far, few models can deliver V2G Technology still experimental, also faces regulatory hurdles Could help to balance power grid, but needs to be managed (Reuters) – Automakers from General Motors to Volvo Cars, alongside utilities and charging app operators are calculating their financial cut as EVs that allow their owners to sell power …
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Denmark Launches its Biggest Offshore Wind Tender
(Reuters) – Denmark on Monday launched its biggest offshore wind tender to date, offering no subsidies to companies competing for the right to erect turbines on six sites with a combined capacity of up to 10 gigawatt (GW), the energy and climate ministry said. The wind farms, to be completed by 2030, are crucial if …
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As Shale Oil Output Slows, One Deepwater Port Struggles for Customers
HOUSTON, April 22 (Reuters) – As U.S. shale oil boomed last decade, an oil pipeline company pitched an ambitious multi-billion-dollar export port off the Texas coast to ship domestic crude to buyers in Europe and Asia. In April, Enterprise Products Partners’ SPOT became the first project to receive a license from the U.S. maritime regulator for …
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First Tanker in 11 Days Arrives at Troubled Freeport LNG Export Plant
The first liquefied natural gas tanker to dock at Freeport LNG’s gas liquefaction plant in 11 days arrived on Saturday, vessel tracking data from financial firm LSEG showed. Saturday’s arrival of tanker BW Pavilion Leeara signaled a potential restart in coming days of one of the facility three gas-processing trains. Freeport LNG has suffered a …
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Is Double Eagle IV the Most Coveted PE-backed Permian E&P Left?
Double Eagle IV is quietly adding leases and drilling new oil wells in core parts of the Midland Basin. After a historic run of corporate consolidation, is it the most attractive private equity-backed E&P still standing in the Permian Basin?