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Eni sells 20% in its $14-billion low carbon business Plenitude

Oil & Gas 360º

(Oil Price) – Eni has signed a deal to sell 20% in its low-carbon energy business Plenitude to Ares Management Corporation in a deal valuing the unit at an enterprise value of $13.8 Under the agreement, global alternative investment manager Ares Management will buy 20% in Plenitude for $2.3 billion (12 billion euros).

IT
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Subsea7 wins contract for Equinor’s Fram Sør project, offshore Norway

Oil & Gas 360º

Engineering and project management will begin immediately in Subsea7’s offices in Norway and UK. Offshore installation activities are expected in 2026, 2027 and 2028. It follows the award on 9 January 2025 of a contract for front-end engineering (FEED) and design that finalized the technical definition of the development.

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Natural Gas Lifts Kinder Morgan to 13% Revenue Growth, $9.3B Backlog

Rextag

Strong Operational Performance and Growing Project Pipeline Kinder Morgan currently transports approximately 8 billion cubic feet per day (bcfd) of natural gas to LNG export terminals under long-term contracts and expects this to rise to 12 bcfd by 2028. In Q2, the company moved 44,585 BBtu/d, up from 43,123 BBtu/d in the prior year.

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The Iberian green industrial opportunity: Carbon capture and storage

McKinsey

Total industry GVA encompasses the following sectors: mining and quarrying, manufacturing, electricity, gas, steam, and air conditioning supply, as well as water supply, sewerage, waste management, and remediation activities. “Gross value added and income by detailed industry (NACE Rev.2),” percent, dropping to around 0.8 3 Assuming a 4.3

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Subsea7 Wins Contracts Offshore Norway, Egypt

Rigzone

Engineering and project management will begin immediately in Subsea7 offices in Norway and the United Kingdom, with offshore installation activities expected in 2026 through 2028. Project management and engineering started at Subsea7’s offices in Stavanger, Norway and Aberdeen, Scotland, the company said.

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Nuclear Energy Newcomers Electrify Final Day of EnerCom’s 30th Anniversary Energy Investment Conference

Oil & Gas 360º

Oklo has a DOE site permit for its first reactor at the Idaho National Labs with plans for commercial operation by 2028. Deep Isolation Deep Isolation is the first company to commercialize nuclear waste disposal in deep boreholes, offering tailored solutions to help countries manage and dispose of waste inventories.

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Why electricity prices are surging for U.S. households

CNBC: Energy

Use is projected to double or triple by 2028, the agency said. electricity by 2028, up from 4.4% Morgan Asset & Wealth Management, wrote in a March energy report. Energy Department. Data centers are expected to consume up to 12% of total U.S. in 2023, the Energy Department said. grid — pose another obstacle, Cembalest wrote.