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  • The Trestakk subsea field on Haltenbanken in the Norwegian Sea has has produced first oil. Tied back to the Åsgard A floating production vessel, the field has estimated recoverable resources of 76mn barrels of oil. Field production started on time, below budget and without any serious incidents, acc...

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  • Reaching net zero carbon emissions by 2050 is achievable, but requires immediate action across the whole energy system, according to the latest annual Future Energy Scenarios report from National Grid Electricity System Operator (ESO). Greater coordination across electricity, gas, heat and transport...

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  • The Indonesian government is understood to have approved a revised plan of development for the Abadi LNG project. Japan’s Inpex (operator, 65%) and Shell (35%) propose to develop Abadi via an offshore production facility and a 9.5mn t/y onshore LNG plant, at an estimated cost of $20bn.According to W...

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  • Targets are not results – while the UK government has legislated to deliver net zero emissions by 2050, it must now show it is serious about acting on its legal obligations to both tackle and prepare for a changing climate, says the Committee on Climate Change (CCC) in two new reports: Reducing UK e...

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  • European Union (EU) importers of liquid fuels should benefit from a trade deal struck between the EU and the Mercosur bloc of Brazil, Argentina, Uruguay and Paraguay, writes Keith Nuthall. The agreement will phase out all EU duties charged on industrial goods over 10 years. In return, the Mercosur c...

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  • The European Bank for Reconstruction & Development (EBRD) is planning to offer letters of credit of €60mn to Ukraine’s gas major Naftogaz, helping it buy gas for the upcoming winter season through private facilities with reputable traders, without drawing on sovereign guarantees, writes Keith Nu...

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  • New entrant E&P companies are key to the future of the UK Continental Shelf (UKCS), but they need to step up investment in new production, according to a new study by Westwood Global Energy Group. The report shows that new entrant E&P companies to the UKCS since 2008 now control 46% of produ...

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  • After a 2.7% increase in US energy-related carbon dioxide (CO2) emissions in 2018, The US Energy Information Administration’s (EIA) July 2019 Short-Term Energy Outlook (STEO) forecasts a 2.2% decrease in CO2 emissions for 2019.Nearly all of the forecast decrease is due to fewer emissions from c...

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  • The keys for the ‘new safe confinement’ structure erected at the site of the former Chernobyl nuclear power station were symbolically presented to Ukrainian authorities on 10 July.The event marked completion of the latest effort to secure the facility’s fourth reactor, which was destroyed in the 198...

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  • Uzbekistan’s state-owned Uzbekneftegas (UNG) is to be restructured in a bid to satisfy domestic and international energy needs, ensure that international practices are adhered to in order to attract investments, and to embrace a culture of accountability, transparency and regulation.Top operational ...

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