Uniper takes big hit with eyes on gas storage prize
Uniper has warned a “significant earnings decline” for the first quarter as it shifts its strategy to releasing gas later in the year.
Uniper has warned a “significant earnings decline” for the first quarter as it shifts its strategy to releasing gas later in the year.
Australia-listed minnow Invictus Energy has received three farm-in bids for its project in Zimbabwe, where it has also begun work constructing a well pad.
Worley will carry out a front-end engineering and design (FEED) study for the proposed Nigeria-Morocco Gas Pipeline (NMGP) project.
Woodside Energy has revised the subsea installation campaign schedule at its Sangomar project, in Senegal, but continues to expect first oil in 2023.
Vaalco Energy has completed a new well in the Etame field. Initial flow rates of 3,100 barrels per day of oil gross exceeding internal expectations.
Masdar has signed up to develop green hydrogen in the Suez Canal economic zone. This follows a number of similar agreements from United Arab Emirates-based companies with Egypt.
Floods in KwaZulu-Natal have disrupted some of Sasol’s chemical exports, the company has said, while reaffirming its hedging plans.
Seadrill has struck a 10-well contract, with an option for up to eight more, in Angola for its West Gemini drillship.
The Somali Petroleum Authority (SPA) has come out swinging against analysis of its production-sharing agreement (PSA) terms in a Voice of America (VOA) article.
Italy has secured a deal to increase gas supplies from Angola, following high level talks between Italian Minister of Foreign Affairs Luigi di Maio and Angolan President João Lourenço.
As challenges go, the race to net zero is a major task. The UK has set the goal of achieving this by 2050, with a major push into renewable energy, hydrogen and carbon capture to deliver this ambitious target.
South Africa has been struck by severe load shedding, although Eskom has denied that the country is facing a total blackout.
Namibia aims to reach production from its Venus and Graff discoveries by 2028, Immanuel Mulunga, managing director of Namcor has said.
Namibia has leapt to the forefront of exploration thinking with the Venus and Graff discoveries earlier this year, but there are opportunities beyond TotalEnergies and Shell.
KBR has won a seven-year contract to provide general maintenance services (GMS) to the Satorp complex in Saudi Arabia.
UK Prime Minister Boris Johnson has hosted Kurdistan Prime Minister Masrour Barzani in No. 10, with talks of energy security and supplies to Europe.
Welligence Energy Analytics has appointed Juan Agudelo to head the company’s energy transition offering. Agudelo follows in a long line of Wood Mackenzie executives to join Welligence.
Libya’s National Oil Corp. (NOC) has declared force majeure at its Brega terminal, while warning of a broader impact on the country from stoppages.
Morocco’s Masen agency and Ministry of Energy Transition and Sustainable Development have handed out a number of sites to companies to build solar photovoltaic (PV) plants.
National Energy Services Reunited Corp. (NESR) has won a contract in Saudi Arabia for drilling services worth $300 million.
Eco Atlantic Oil & Gas has put $20 million into escrow for its share of drilling expenses on the Gazania-1 well, on Block 2B offshore South Africa.
In a recent judicial review decision, two judges in an English court considered an application by Friends of the Earth (FoE) to quash UK Export Finance’s (UKEF) decision to provide export finance to the Mozambique LNG Project.
Congo Kinshasa has approved plans to offer 16 blocks for exploration, although the plan has drawn opposition from Greenpeace Africa.
A bunker vessel has sunk offshore Tunisia raising the risk of a major diesel spill in the Gulf of Gabes.
Libya’s National Oil Corp. (NOC) has declared force majeure on exports of Mellitah crude, following problems at the El Feel field, and from the port of Zueitina.