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(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).
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.
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.
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. âGross value added and income by detailed industry (NACE Rev.2),â percent, dropping to around 0.8 3 Assuming a 4.3
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.
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.
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.
Carbon Capture (CCUS) : Occidental, Exxon, and others are building large-scale carbon management businesses. It’s strategic risk management and a bold step into the energy systems of tomorrow. Infrastructure Leverage: Pipelines as a Profit Engine In the Permian Basin, infrastructure is a strategic advantage—not just a necessity.
As part of the project, Woodside Energy will manage operations from its Tampico shore base and office, while Expro is actively establishing a new hub in the area, supporting local employment and contributing to the economic growth of the area.
Image by Jacob Wackerhausen via iStock Eni SpA has signed a deal to divest 20 percent of its renewable energy (RE) arm to Ares Management Corp. Plenitude plans to reach 10 GW of renewable capacity by 2028. for around EUR 2 billion ($2.32 Plenitude is active in over 15 countries.
megawatt (MW) wind farm in East Ayrshire, Scotland, expecting to put the facility into production 2028. while construction management services will be provided by Energiekontor UK Construction Ltd. Image by Nicholas J. Klein via iStock Uniper SE has approved the construction of a 46.2-megawatt The wind turbines are from Nordex.
Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Kelsian to Provide Workforce Transportation for CP2 LNG Project by Rocky Teodoro | Rigzone Staff | Tuesday, June 24, 2025 | 8:00 AM EST The scope of the contract includes a comprehensive, turnkey transport solution; covering vehicle, operations, maintenance, and onsite management.
Related In 2023, when Chevron announced its plan to acquire Hess, the company noted an overall plan to divest $10-15 billion in assets through 2028. The 300 MMscfd supplied to Thailand covers 6% of its domestic gas demand.
Skip to main content The European asset management industry: Navigating volatile times July 9, 2025 | Article Felix Wenger  Niklas Nolzen  Nunzio Digiacomo Macroeconomic uncertainty and weaker profits are forcing the industry to rethink its business and operating models. (12 European asset managers have also lost ground to US players.
Services will begin in early 2026 and be managed through SLBs Performance Live digital service delivery centers. First production is targeted in 2028. We will also leverage the strategic investments weve made in local talent and supply chains in Mexico, which will help support the on-time delivery of this project.
This well-timed risk management initiative secures strong pricing, enhances visibility, and reinforces the Companys commitment to capital discipline and long-term value creation. MMBtu Henry Hub 20261Q 2028 Production: $64.29/bbl Key Hedging Terms: Remaining 2025 Production: $68.27/bbl bbl WTI and $4.28/MMBtu bbl WTI and $4.09/MMBtu
It came as the result of a pressure campaign from activist investor Elliot Management, which called BP out on its unrealistic expectations from the transition gamble. Between 2025 and 2028, the supermajor plans to spend between $20 and $22 billion, which is down from a 2023 annual spending plan of between $22 and 25 billion per year.
But only recently have petrochemists managed to create pathways and additional steps for synthesising longer-chain hydrocarbons such as butylene, ethylene, propylene, and ultimately kerosene / jet fuel. This too is a long-established process. This is massive if achieved on a commercial scale.
LNG production is expected to start in the first quarter of 2028, to serve the marine fuel market in the Gulf. A new LNG bunkering vessel is currently under construction, which will be stationed in Sohar from 2028 to supply LNG to a wide range of vessels.
Raymundo Piones de Woodside Energy Mxico record que el campo Trin en colaboracin con Pemex producir 100 mil barriles de petrleo para 2028, alrededor del 7% de la produccin de Mxico. Declar que es importante trabajar con todos los gobiernos para seguir operando y desarrollarse como empresa.
Dane Gregoris, Managing Director, EIR Impact of Increased Oil Sands Production on Condensate Demand and AECO Hub Gas Pricing The increase in oil sands production is set to drive substantial demand for in-basin condensate volumes, which are essential for diluting bitumen for pipeline transportation.
Integrating it into the production map is expected to take effect by 2028. This phase involves the use of a floating processing unit in the offshore well area, located 220 km from the shore, to separate natural gas and condensates.
Christophe Michels, Managing Director of IBBC, chaired the conference. Mr Ismael Shakir, Managing Director, Al Busttan receiving Rasmi Al Jabri Award Christophe Michels closed the conference by thanking delegates and announcing the next IBBC conference will take place in Basra on 4 December. To qualify, she needs to raise 1m.
When we originally purchased [the land], we did not have a specific end user—or even a specific industry—in mind,” said Coleman Peiffer, senior manager of data-center services for Alliant Energy. The project is anticipated to come online by the end of 2028. Data centers were not even on our radar.
At Energy Asia Petronas also committed to purchasing one million metric tons per annum (MMtpa) for 20 years from Kimmeridge Energy Management Co. Delivery is set to start 2028. LLC’s planned Commonwealth LNG project in Louisiana. Woodside’s Louisiana LNG reached an FID last April.
The first projects are expected to be operational by 2028. Cost Management: The company is shifting towards a cash flow-focused approach, ensuring stable returns for shareholders while limiting risk. Projected Timeline: Initial plants are expected to be operational by 2028.
The market downturn spread to natural gas, pushing down prices for the heating and power-generation fuel to be delivered as far out into the future as 2028. This is really the first speed bump, said Tim Winter, a Gabelli Funds portfolio manager specialising in power and utility stocks. The impact was swift and widespread.
A very brief chat with management shed no light on this. With the market reaction to the cost overruns, I expect any extra dividend is now off the table until 2028, and likely any yield compression (higher stock price) is a couple years away. Clarity on this would help me decide to own the stock or not right now. I am not long.
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