Qatar is carrying out another expansion plan, North Field East, which will cost almost $30 billion and is set to send out its first shipments in 2026. Some supply agreements have already been finalized for that project, Kaabi said.

На встрече стороны обсудили сотрудничество в сфере поставок нефти, газа и нефтепродуктов, в атомной энергетике, а также проектах по добыче полезных ископаемых.

The U.S. Department of Energy (DOE) began accepting letters of interest from applicants for loans under a new $2.1 billion Carbon Dioxide Transportation Infrastructure Finance and Innovation (CIFIA) program.

The European Commission has approved state aid worth €5.2bn for a second wave of hydrogen related Important Projects of Common European Interest (IPCEI), helping to reduce dependence on natural gas and accelerate the hydrogen economy.

The GBP3.3 million funding through the Advanced Modular Reactor Research, Development and Demonstration (AMR RD&D) programme - part of the GBP385 million Advanced Nuclear Fund - will support the development of innovative nuclear technology in the UK, such as high temperature gas reactors (HTGRs).

The growing emphasis on ESG is a key component in the upstream oil and gas industry.

This is part of the GBP1.7 billion of new direct government funding to develop a large-scale nuclear project announced in October.

The legislation is aimed at reducing carbon emissions and shifting consumers to green energy,

Al-Ghais noted that oil investments have not yet returned to pre-pandemic levels. He said it is difficult to forecast oil markets due to the current global economic conditions.

Saudi Arabia would be looking to secure investments in untapped business sectors, including green hydrogen, renewable energy, and information technology.

The company boosted coal production by 6.2% to 300 million tons and increased sales to 390 million tons.

The two programs – the Carbon Capture Demonstration Projects Program and the Carbon Dioxide Transport/Front-End Engineering Design (FEED) Program – are funded by a more than $2.6 billion investment from President Biden’s Bipartisan Infrastructure Law.

The oil ministry said June 29 that India would allow operators to sell locally-produced crude in the domestic market without restrictions from Oct. 1, but restrictions on exporting locally-produced crude would remain.

Romanian company Nuclearelectrica and NuScale will cooperate with the US Trade and Development Agency (USTDA) on a series of engineering and design activities and studies, as well further technical analyses of the Doicești site, a former thermal power plant site which has been identified as a potential location for the SMR plant.

The agreements cover a range of sectors, including renewable energy, green hydrogen, pharmaceuticals and e-commerce