5 best news for January
BP (British Petroleum) announces $12 billion investment in infrastructure development in Africa
In January 2025, BP announced an investment of $12 billion for the development of oil and gas infrastructure in Africa. This will include new oil field developments, modernization of gas pipelines, and increasing oil refining capacities. BP also plans to integrate the latest environmentally friendly technologies to reduce carbon emissions.
Chevron launches project to extract oil and gas from deepwater fields in the Caribbean Sea
Chevron announced the launch of a large-scale project in the Caribbean Sea, which involves the development of new deepwater oil and gas fields. According to the company’s plans, the project will help ensure stable energy supplies to the region and improve extraction efficiency through the use of the latest technologies that reduce environmental impact.
TotalEnergies invests $9 billion in expanding renewable energy in Europe
TotalEnergies announced an investment of $9 billion in expanding renewable energy sources in Europe. The project includes the construction of new solar and wind power stations, as well as investments in energy storage infrastructure. The goal is to significantly reduce CO2 emissions and achieve climate neutrality by 2040.
Schlumberger and Halliburton sign $7 billion agreement for joint development of oil extraction technologies
Schlumberger and Halliburton have signed an agreement worth $7 billion for the joint development of new oil and gas extraction technologies. The collaboration will include improving technical solutions in hydraulic fracturing and implementing advanced digital technologies for automation and enhancing operational safety.
Germany increases investments in hydrogen storage and transportation infrastructure
In January 2025, Germany announced a significant increase in investments in developing hydrogen storage and transportation infrastructure. As part of the national strategy to transition to green energy, the country plans to build new hydrogen hubs and implement technologies to ensure stable hydrogen supplies to European countries.