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PetroChina (601857.SS)aims to have oil, gas and green energies to each account for a third of its portfolio by 2035, it said on Thursday, as the Chinese oil major shifts toward a lower-carbon future. ....
China National Petroleum Corp (CNPC) (CNPET.UL) cut its methane emission intensity by 6% last year from the 2019 level, the top oil and gas producer said on Thursday. ....
Sustainable BusinessFactbox: IEA s urgent fossil fuel warning earns mixed reception from producers Reuters 5 minute read Steam and other emissions rise from a power station in Belgrade February 7, 2012. REUTERS/Marko Djurica A stark appeal by the world s top energy body to stop investment in new fossil fuel projects by next year has met a mixed reception from the world s top producers - from guarded praise and pledges to cut back on coal to outright defiance. The International Energy Agency said in its Net Zero by 2050 report last week that investors should not fund new oil, gas and coal supply projects beyond this year if the world wants to reach net zero emissions by mid-century and meet the goals of the 2015 Paris Agreement on climate change. read more ....
Middle EastIsrael s Delek Drilling aims for London listing of restructured company Steven Scheer 3 minute read Israel s Delek Drilling (DEDRp.TA) said on Tuesday it was forming a new company listed in London to manage all of its gas and oil assets and increase its access to foreign investors. Delek Drilling, controlled by conglomerate Delek Group (DLEKG.TA), will transfer its ownership to newly formed British firm NewMed Energy and cease its status as a limited partnership. NewMed will hold and manage 100% of the assets of Delek Drilling, including a 45.34% interest in the Leviathan natural gas reservoir off Israel s Mediterranean coast, where it partners with Chevron (CVX.N), a 22% stake in the nearby Tamar gas field, its rights in two other Israeli gas sites and a 30% holding in the Aphrodite site in Cyprus. ....
Middle EastEnergy firm Dana Gas cancels Egyptian onshore assets sale Reuters 1 minute read United Arab Emirates-listed Dana Gas (DANA.AD) said on Sunday it had abandoned plans to sell onshore oil and gas assets in Egypt after conditions for a transaction could not be met. The energy company had expected to close the $236 million sale to IPR Wastani Petroleum Ltd, a member of the IPR Energy Group, early this year. Dana Gas said it terminated the deal after the parties were unable to agree on conditions within the agreed time frame which expired on April 14. The assets would now be retained and operated by Dana Gas, it said. ....