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Understanding the price of decarbonization

McKinsey

In 2007, McKinsey developed—for a Swedish utility—the first marginal abatement cost curve (MACC) to provide such a framework (Exhibit 1). Since 2007, MACCs and their equivalents have become widely accepted. 1 “Emissions from electric vehicles,” US Department of Energy, accessed May 16, 2025. gigatons as of 2024.

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Oil majors compete for Libya’s first exploration tender since 2011 war

Oil & Gas 360º

and TotalEnergies SE are competing in Libya’s first energy exploration tender since the 2011 conflict, the country’s state-run oil firm said, as the OPEC member looks to oil majors to help ramp up production to a record. Libya last held a bidding round in 2007, four years before the NATO-backed uprising in which Qaddafi was killed.

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Whitecap and Veren Finalize $10.4B Merger, Create Top-7 Canadian Oil & Gas Producer

Rextag

The merger creates a new heavyweight in Canadian energy, ranking as the seventh-largest oil and gas producer and the fifth-largest natural gas producer in the country by output. paid C$12,016 per hectare for land in the Fort Kent field, the highest price for oil sands land since 2007. NuVista Energy Ltd.

Gas
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Equinor Hits New Discovery in Johan Castberg

Rigzone

The majority state-owned energy major put preliminary estimates for well 7720/7-DD-1H, or Drivis Tubaen, at 9-15 million barrels of oil. The other developers are Eni SpA-backed Var Energi ASA with a 30 percent interest and state-owned Petoro AS with 23.7 We’d love to hear from you, join the conversation on the Rigzone Energy Network.

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Productivity at the core: How COOs deliver strategy

McKinsey

percent between 2002 and 2007. In tandem, the company can also reduce costs (as well as its carbon footprint) , by adopting energy- or water-efficiency measures or by redesigning packaging. Since the 2008 global financial crisis, global productivity growth has largely declined around the world.

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Equinor, Shell Unveil Name of UK North Sea JV

Rigzone

It’s a company built on firm foundations, much like the strong granite synonymous with the city” “Adura will sustain domestic oil and gas production and security of energy supply in the UK and beyond”, Equinor added. We’d love to hear from you, join the conversation on the Rigzone Energy Network.

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Seatrium Wins FSRU Conversion Contract from Karpowership

Rigzone

Image by Zigmunds Dizgalvis via iStock Singapore-based Seatrium Limited said it was awarded a floating storage and regasification unit (FSRU) conversion contract by Kinetics, an energy transition intiative by Turkish mobile power generation firm Karpowership. There’s a reason 700K+ energy professionals have subscribed.