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Building a Sustainable Future: Aramco, Linde, and SLB Collaborate on a Major Carbon Capture Initiative
On December 4, 2024, Aramco, in collaboration with Linde and SLB, has achieved a significant milestone in its ambitious Carbon Capture and Storage (CCS) project in Jubail, Saudi Arabia. With Aramco holding a 60% equity stake and the remaining 40% split equally between Linde and SLB, this initiative underscores the importance of global partnerships in driving innovation and sustainable solutions. The first phase of this project is expected to be completed by 2027, wi... Read More
The Implications of ADNOC's 15-Year, 1 mtpa Agreement for the Future of the Ruwais LNG Project
On November 6, 2024, ADNOC has signed a 15-year, 1 million tonnes per annum (mtpa) long-term sales and purchase agreement (SPA) with SEFE Marketing and Trading Singapore, a subsidiary of Germany's SEFE Securing Energy for Europe GmbH, for lower-carbon liquefied natural gas (LNG) from its upcoming Ruwais LNG project. Announced at ADIPEC, the agreement formalizes an earlier Heads of Agreement and will commence in 2028. To date, ADNOC has committed over 7 mtpa of Ru... Read More
The Future of Suriname: TotalEnergies’ Final Investment Decision Explained
On October 1, 2024, Patrick Pouyanné, CEO of TotalEnergies, met with President Chandrikapersad Santokhi of Suriname and Annand Jagesar, CEO of Staatsolie, to announce the Final Investment Decision (FID) for the "GranMorgu" oil project in offshore Block 58. The project will develop the Sapakara and Krabdagu oil fields, with over 750 million barrels of recoverable reserves. The development includes a 220,000-barrel-per-day Floating Production Storage and Off... Read More