Downstream news
Technip Energies and GE Vernova to advance the UK’s transition to net-zero
Technip Energies, leader of a consortium with GE Vernova, and construction partner, Balfour Beatty, has received a Letter of Intent from BP, on behalf of NZT Power Ltd for the execution phase of the Net Zero Teesside Power project.
Glenfarne Energy Transition’s Texas LNG moves to execution phase of project financing
Texas LNG, a subsidiary of Glenfarne Energy Transition, LLC, has received sufficient expressions of interest from leading project finance banks to move to the execution phase of project financing.
US markets: unseen recovery
Nancy Yamaguchi, Contributing Editor, discusses US economic recovery, the gradual control of fuel prices and the long-term oil market outlook.
CarbonCapture Inc. closes US$80 million Series A financing
CarbonCapture Inc., has announced the successful completion of its US$80 million Series A financing following the addition of multiple strategic investors.
Technip Energies, JGC and NPCC receive LNTP for Ruwais LNG Project
Technip Energies, JGC and NPCC have received a Limited Notice To Proceed (LNTP) from ADNOC to commence early EPC activities at the Ruwais low-carbon LNG project.
IEA: methane emissions from fossil fuels set to go into decline soon
Methane emissions from the energy sector remained near a record high in 2023, but substantial policies and regulations announced in recent months have the potential to put them into decline soon, according to the International Energy Agency (IEA).
A necessary culture shift
Tim Gale, 1898 & Co., reveals why a change in the culture of engineering is required to achieve security of industrial control systems.
EIA expects low natural gas prices to continue in 2024
The US Energy Information Administration (EIA) expects the benchmark Henry Hub spot price to average about US$2.25 per million Btu in 2024, a 10% decrease from 2023 and a 65% decrease from 2022.
XPO Logistics begins partnership with TotalEnergies in the UK
XPO has confirmed its latest partnership with TotalEnergies after winning the business through a competitive tender process.
IEEFA: Japan’s declining gas demand will leave utilities with persistent LNG oversupply through 2030
A new report from the Institute for Energy Economics and Financial Analysis (IEEFA) notes that Japan's gas and power utilities are increasingly focused on marketing and selling LNG abroad.