World

Chiyoda, NYK and KNCC sign agreement to advance global CCS projects, with a focus on CO₂ transport and value chain development.

Disruptions in the Strait of Hormuz are threatening global oil and LNG supply, raising the risk of a prolonged market shock and infrastructure damage.

Energy executives warn the Iran conflict is causing lasting damage to global oil supply chains, even as officials attempt to stabilize markets.

Kuwait’s oil chief warns Iran’s actions are disrupting global energy flows and pushing markets to the brink, with no viable substitute for Strait of Hormuz exports.

Carbon capture developers are shifting focus from new capture technologies to system integration, cost reduction and modular design, panelists said at CERAWeek.

Shell forecasts global LNG demand will rise at least 54% by 2040 as Asia drives growth in gas consumption, reinforcing expectations for expanding LNG supply and infrastructure.

API has released a new recommended practice outlining safety and operational guidance for transporting carbon dioxide by pipeline as CO₂ infrastructure continues to expand.

Global natural gas markets are on the verge of a major transformation, with unprecedented LNG capacity growth projected through the end of the decade, according to the International Energy Agency’s new Gas 2025 outlook released Monday.

Shell CEO Wael Sawan says LNG will be the company’s biggest growth driver over the next decade, with demand expected to climb 60% by 2040 and key projects underway in Canada, Abu Dhabi and Nigeria.

ExxonMobil will cut 2,000 jobs worldwide as part of a global restructuring, adding to widespread oil and gas sector layoffs amid weaker prices and industry consolidation.

The report highlights steady U.S. shale output, rising production from Brazil and Guyana, and LNG demand growth to 900 Bcm by 2035, led by U.S. and Middle East exports.

ADNOC’s investment arm and partners have withdrawn their $18.7 billion takeover bid for Australian gas producer Santos, ending months of talks and slowing the UAE company’s global gas expansion strategy.

Wood Mackenzie expects new gas-fired generation projects of around 890 gigawatt (GW) capacity to be added globally between 2025 and 2040, with the U.S. and China leading at 47% annual additions during the same period.

Elon Musk’s xAI allegedly installed more gas turbines at its Tennessee data center without proper permits, potentially violating the Clean Air Act, according to local environmental groups. The expanded operations may make xAI a top pollution source in Memphis.

The 2024 Gulf Energy Information Excellence Awards was held on Wednesday evening at the Post Oak Hotel in Houston, Texas (U.S.). The black-tie gala recognized the energy industry’s leading innovations and thought leaders.