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Growth in global oil demand is set to slow significantly by 2028

Growth in the world’s demand for oil is set to slow almost to a halt in the coming years, with the high prices and security of supply concerns highlighted by the global energy crisis hastening the shift towards cleaner energy technologies, according to a new IEA report.

United-states , Russia , Ukraine , United-arab-emirates , China , Saudi-arabia , Brazil , Guyana , Iraq , Chinese , Russian , Fatih-birol

Indonesia: Criterium Energy announces transformative acquisition of Mont D'Or Petroleum and C$22 million public offering

Criterium Energy has executed a sale and purchase agreement to acquire all the issued and outstanding shares of Mont D'Or Petroleum('MOPL'). MOPL holds 100% operating working interests in two Production Sharing Contracts in Indonesia, the Tungkal PSC located onshore South Sumatra and the West Salawati PSC located in Southwest Papua.

Canada , Tungkal , Nusa-tenggara-timur , Indonesia , South-sumatra , Sumatera-selatan , London , City-of , United-kingdom , Stifel-firstenergy , Robin-auld , Mont-dor-petroleum-limited

US: Earthstone Energy announces $1.0 billion Delaware Basin acquisition

Earthstone Energy has entered into an agreement to acquire Novo Oil & Gas Holdings, a privately-held Delaware Basin focused E&P company backed by EnCap Investments, for $1.5 billion. Concurrently, Northern Oil and Gas, Inc. will acquire working interests equal to a pro-rata 33 1/3% of the oil and gas assets of Novo for $0.5 billion from Earthstone, resulting in a $1.0 billion purchase price net to Earthstone for the retained 66 2/3% interest.

New-mexico , United-states , Culberson-county , Texas , Delaware , Richardson-barr , Robertj-anderson , Earthstone-energy , Vinson-elkins , Exchange-commission , Novo-oil-gas-holdings , Gas-inc

US: TotalEnergies strengthens its position in LNG by partnering with GIP and NextDecade on a new LNG project in Texas

TotalEnergies has signed a framework agreement with the US company NextDecade to participate in the development of the Rio Grande LNG (RGLNG) project, a liquefied natural gas (LNG) plant located in South Texas.

Texas , United-states , Patrick-pouyann , Us-federal-energy-regulatory-commission , Rio-grande , Global-infrastructure-partners , E-ampp-news , Il-and-gas-exploration , Xploration-and-production , Pstream , Ffshore , Drilling

US: RWE connects its first utility-scale battery storage project to the California grid

RWE continues to expand its renewables portfolio in the U.S., connecting its first utility-scale battery energy storage system (BESS) to the California Independent System Operator. The project, named Fifth Standard, also includes a 150-megawatt (MWac) solar PV facility, expected to be complete in August.

California , United-states , Fresno-county , Fresno , Mark-noyes , Clean-energy , Fifth-standard , California-independent-system , E-ampp-news , Il-and-gas-exploration , Xploration-and-production , Pstream

UK: New process to recycle wind turbines wins funding

Engineering researchers have won a £125k grant from renewables investor Greencoat UK Wind to develop their innovative wind turbine recycling process. The researchers, from the University of Edinburgh, are developing a technique to turn old wind turbine blades into powders that could be used to protect engineering and structural components, including new wind turbine blades.

Edinburgh , City-of , United-kingdom , Vasileios-koutsos , Dipa-roy , University-of-edinburgh , University-of-edinburgh-school-engineering , Greencoat-united-kingdom-wind , Professor-vasileios-koutsos , Added-value-coatting , E-ampp-news , Il-and-gas-exploration

Ireland: RWE welcomes Dublin Array's success in Ireland's first offshore wind auction

RWE, one of the world’s leading offshore wind companies, was delighted to receive formal confirmation that its 824MW Dublin Array Offshore Wind Farm project has been awarded a Contract for Difference (CfD) in the first Irish Offshore Renewable Electricity Support Scheme (ORESS1) auction, run by Irish Grid operator EirGrid.

Ireland , Dublin , Irish , Array-offshore-wind-farm , Irish-grid , Irish-state , E-ampp-news , Il-and-gas-exploration , Xploration-and-production , Pstream , Ffshore

Shell to deliver more value with less emissions - Capital Markets Day 2023

Shell hosted its Capital Markets Day on 14 June 2023. Shell updated investors on its strategy to create more value with less emissions, and deliver increased shareholder returns through a balanced energy transition.

Jurong , Singapore-general- , Singapore , Wael-sawan , World-bank-zero-routine , Renewables-energy-solutions , Shell , Capital-markets-day , Shell-chief-executive-officer , Powering-progress , Integrated-gas , Energy-solutions

TGS launches Well Data Analytics, a customizable cloud-based analytics platform with industry-leading well data

TGS, a global provider of energy data and intelligence, has unveiled its groundbreaking cloud-based analytics platform, Well Data Analytics, which brings together the industry’s largest library of subsurface data, powerful visualization and advanced analytics.

Jan-schoolmeesters , Digital-energy-solutions , Well-data , Data-analytics , Well-data-analytics , Drill-stem-tests , E-ampp-news , Il-and-gas-exploration , Xploration-and-production , Pstream , Ffshore , Drilling

Norway: First API 19CI qualified retrievable injection valve successfully installed on the NCS

TCO, one of the energy industry’s leading suppliers within advanced downhole chemical injection systems, has announced the successful development and installation of the API 19CI Qualified FNR (Fall through protection, Non-return, Retrievable) injection valve. The installation, for a major Norwegian Operator, is the first API 19CI qualified retrievable injection valve to be successfully installed on the NCS.

Norway , Norwegian , Henriette-bringsvor , Norwegian-operator , Sales-manager , Glass-barrier-plugs , Sven-houston , Project-neon , E-ampp-news , Il-and-gas-exploration , Xploration-and-production