5 best news for December
ExxonMobil invests over $10 billion in oil and gas infrastructure in Africa
In December 2024, ExxonMobil announced a major project in Africa, which includes the development of new oil and gas fields, as well as the modernization of oil refining facilities. Investments are focused on expanding exports and implementing innovative technologies to reduce environmental impact and improve extraction efficiency.
The US and Canada sign an agreement for joint development of Arctic oil and gas fields
The US and Canada signed an agreement for the joint development of oil and gas resources in the Arctic. The partnership aims to use advanced technologies to preserve the Arctic ecosystem and reduce emissions, while also strengthening the energy security of both countries.
Shell announces $8 billion investment in renewable energy development
Shell announced an $8 billion investment in renewable energy sources and the decarbonization of its operations. The project will include the construction of solar and wind power stations, as well as the expansion of carbon capture technologies to achieve net-zero emissions by 2050.
Saudi Aramco invests $5 billion in new oil extraction technologies
Saudi Aramco announced the launch of a project with $5 billion in investments to implement the latest oil extraction technologies from deepwater fields. The use of robotic systems and artificial intelligence will reduce costs and improve the environmental performance of operations.
The European Union invests in natural gas as a transition energy resource
The EU announced a new plan to use natural gas as a transition resource until 2030. Natural gas will help reduce CO2 emissions while maintaining energy supply stability until renewable energy sources become the primary form of energy.