Around 22% of greenhouse gases are explicitly priced and less than 4% are priced at US$40 per tonne — the minimum price considered necessary to meet Paris Agreement targets, according to GlobalData analytics
Eni has won five new exploration licenses by the Egyptian Ministry of Petroleum, which are located in the Eastern Mediterranean Sea, Western Desert and Gulf of Suez
OSSO, the specialist fluid temperature control and separation solutions provider, has announced its move to larger headquarters in Aberdeen, UK and appoints six new hires across the Middle East and Europe as part of its global growth strategy
Eco (Atlantic) Oil & Gas, the oil and gas exploration company focused on the offshore Atlantic Margins, has signed a MoU to acquire 100% of Azinam Group, including Azinams entire offshore asset portfolio, in return for a 16.65% equity stake in the enlarged group on completion of the acquisition
bp and Maersk Tankers, with support from the Danish Maritime Authority, have successfully completed trials using biofuel-blended marine fuel in product tankers, demonstrating sustainable biofuels to be used as a marine ‘drop-in fuel’ to help reduce carbon emissions in shipping
