Methane reduction technologies offered $35m US funding

Projects that can be replicated easily and commercialised quickly to cut methane accumulation in the atmosphere and mitigate the effects of climate change will be supported

Canada’s energy transition ‘could threaten 460k jobs’

As many as three-quarters of the country’s oil and gas workers could be displaced in the next 30 years, new report estimates

EU approves €100m aid to support Greek oil and gas firm affected by pandemic

Energean generates most of its revenues from the sale of crude oil and has suffered severe losses due to the collapse of oil prices in the wake of the pandemic

Government announces landmark ban on funding of fossil fuel projects overseas

A new ‘North Sea Transition Deal’ will see policymakers and industry invest up to £16 billion in renewables, hydrogen and carbon capture usage and storage by 2030 to reduce carbon emissions

INEOS buys HESS’ Danish oil and gas assets for $150m

It will acquire 61.5% of the Syd Arne oilfield, currently operated by HESS, which complements the 36.8% share INEOS already holds in the field

More than half a million Americans live within 3 miles of oil and gas flares

Texas, North Dakota and Montana produce the most flaring activity, according to a new report

World Bank debars German oil and gas contractor for 13 months

The debarment makes Ferrostall Oil & Gas ineligible to participate in projects and operations financed by institutions of the World Bank Group for the stated period

Equinor to sell US Bakken shale assets in $900m deal

The deal covers all of Equinor’s operated and non-operated acreage in the Bakken, located in the states of North Dakota and Montana, which will be sold to Grayson Mill Energy

State oil firms could lose $400bn in energy transition

Nearly $1.9 trillion could still be invested in oil and gas projects in the next decade

Equinor strikes oil and gas near Troll field in the North Sea

Recoverable resources are estimated at between seven and 11 million standard cubic metres of oil equivalent