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Results:1 - 10 of 2038

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  • Volvo Cars is targeting a 40% reduction in the lifecycle carbon footprint of each car it makes by 2025, in a bid to become a climate neutral company by 2040.A string of measures will be used to reach its 2025 target, including generating 50% of global sales from fully electric cars, which would resu...

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  • Sustained exploration activity in the Barents Sea basin is vital to unlock the larger discoveries needed to warrant investment despite a recently poor run of drilling results, according to GlobalData. The company’s latest research reveals that no discoveries larger than 100mn boe have been discovere...

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  • Decreases in atmospheric pressure can lead to a 20-fold increase in fugitive greenhouse gas emissions (GHG) associated with leaking onshore hydrocarbon wells, a new study in Nature has shown.A 30-day study led by Scottish and Canadian scientists showed that atmospheric pressure controls the timing a...

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  • The Abu Dhabi government and the Abu Dhabi National Oil Company (ADNOC) have awarded Lukoil a 5% stake in the Ghasha ultra-sour gas concession that comprises the Hail, Ghasha, Dalma and other offshore sour gas fields in the Emirate of Abu Dhabi.In addition, ADNOC, Lukoil and the Russian Direct Inves...

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  • US crude exports could grow from current levels of 2.9mn b/d to nearly 6mn b/d by 2022, according to a new forecast from Rystad Energy.With US production expected to increase by 1.2mn b/d year-over-year (y/y) in 2020, and with domestic refineries already maxing out capacity to absorb shale growth, t...

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  • The UK government has set out how it will go further and faster to tackle climate change, in response to recommendations from the Committee on Climate Change (CCC). This comes four months after the UK became the first major economy to legislate for net zero emissions by 2050.The government’s of...

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  • Brazil has sold 12 of the 36 offshore blocks on sale at the country's 16th bid round, with oil companies once again paying record signing bonuses for areas holding subsalt potential in the Campos Basin, reports S&P Global Platts. The 36 blocks hold an estimated 70bn barrels of unrisked oil ...

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  • ConocoPhillips is to sell the subsidiaries that hold its Australia-West assets and operations to Santos for $1.39bn. In addition, the company will also receive a payment of $75mn upon final investment decision (FID) of the Barossa development project.The subsidiaries hold ConocoPhillip’s 7.5% intere...

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  • ExxonMobil has signed agreements with the Indian Institute of Technology in Madras and Bombay, further expanding its extensive portfolio of research collaboration with India’s universities.The five-year agreements focus on progressing research in biofuels and bio-products, gas transport and conversi...

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  • Neptune Energy has entered into a conditional sale and purchase agreement with Energean Oil and Gas to acquire Edison E&P’s UK and Norwegian producing, development and exploration assets for an initial cash consideration of $250mn. The purchase is contingent on Energean completing its proposed a...

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