1. Woodside oil plans to invest US $5 billion in new energy by 2030
Woodside oil company announced at the recent investor day that it plans to invest US $5 billion in new energy by 2030.
Woodside said that LNG will still be an important part of the energy structure in the coming decades. It can be used not only as a low-carbon fuel source for coal dependent countries, but also as a supplementary energy for renewable energy. At the same time, the company also stressed the importance of new energy in supporting the goal of decarbonization.
In recent months, Woodside oil has announced four new energy projects, including a $1 billion carbon neutralization hydrogen ammonia production plant in Western Australia.
2. Despite climate commitments, banks continue to finance fossil fuels
Data released by Bloomberg on Monday showed that despite investor and social pressure, global banks continued to lend and underwrite bonds issued by oil, gas and coal companies, and the fossil fuel bond transactions arranged by banks reached nearly $250 billion in 2021.
3. ADNOC drilling company won a contract of $3.8 billion
ADNOC drilling, an Abu Dhabi listed company, said on Thursday that it had signed a five-year service contract with ADNOC online, with a total value of US $3.8 billion, and would continue to provide drilling, workover and other oil well services. It is reported that ADNOC drilling is the national drilling company with the largest number of drilling rigs in the Middle East.
4. Chevron obtained the Angola offshore Block 0 concession and extended it to 2050
Chevron said on Monday that its recently renewed agreement with Angola will extend the concession of offshore Block 0 for 20 years to 2050.
According to the renewed agreement, Chevron’s subsidiary in Angola Cabinda oil company (cabgoc) will remain the operator of this offshore block and hold 39.2% of the shares. Its partners include Angola national oil company (41%), France total energy company (10%) and Eni company (9.8%).
Block 0 is divided into block a and block B, with 21 oil fields in total. Mafumeira Sul oilfield is located 24km away from the coast of Cabinda province with a water depth of 60m. It is the second stage development of mafumeira oilfield in Block 0. The oilfield began production in early 2017. The project includes a central processing facility, two wellhead platforms, about 121 km of submarine pipeline, 34 production wells and 16 water injection wells.
5. Total energy Angola offshore oil field starts production
French energy giant total energy has started production in phase II of Clov project in block 17 off the coast of Angola.
The oil field is about 150 kilometers away from the coast of Angola and is located in the water area of 1100-1400 meters deep. It is expected that the daily output will reach 40000 barrels of oil.
The project includes drilling seven oil wells with estimated reserves of up to 55 million barrels of oil.
Post time: Dec-15-2021