Upstream news
IEA, UNEP, and EDF announce comprehensive metrics to report action and measure progress by oil and gas companies on methane commitments
With methane emissions at near record levels, the IEA, UNEP and EDF have unveiled a new framework to report progress in reducing emissions by oil and gas companies.
Empire Petroleum announces record date for proposed rights offering
Empire Petroleum Corporation has fixed the close of business on 30 September 2024 as the record date for a proposed subscription rights offering.
Saudi Arabia sees July oil exports hitting almost one-year low
Saudi Arabia exported 5.7 million bbl/d of oil in July, the lowest level since August 2023, official data has revealed.
ConocoPhillips, Uniper sign gas supply deal extension
The US will continue to supply natural gas to North-West Europe as the region continues its decarbonisation efforts.
Chesapeake's US$7.4 billion acquisition of Southwestern Energy set to conclude in 4Q24
US gas company Chesapeake Energy's acquisition of Southwestern Energy is now expected to close early in 4Q24, Reuters cited the company’s CEO Nick Dell'Osso as saying.
Argentina: Production Start-up at Fenix Offshore Gas Field
TotalEnergies announces the start of production from the Fenix gas field, located 60 km off the coast of Tierra del Fuego in Southern Argentina.
Equinor and partners discover oil and gas at Gudrun field in North Sea
Equinor, alongside its partners, has made an oil and gas discovery at the Gudrun field in the North Sea.
North Sea ahead of the net-zero curve as emissions fall
A UK lobby group said the UK oil and gas industry has also more than halved methane emissions since 2018.
DNV certifies first CO2 storage site for flagship Danish carbon capture and storage project
DNV, the independent energy expert and assurance provider, has certified the first carbon dioxide storage site for Project Greensand in Denmark, marking a key milestone in carbon capture and storage (CCS).
Upstream electrification could wipe out more than 80% of oil and gas production emissions
Converting upstream oil and gas production facilities to run on electricity powered by renewables or natural gas that would otherwise be flared could cut more than 80% of associated emissions, according to new research from Rystad Energy.