Eni, NOC kick off $8bn gas project offshore Libya
Mellitah is the origin point for the Greenstream pipeline, which carries gas from Libya to Italy, via Sicily.
Oil & Gas
‘Staggering situation’ as UK regulators not investigating North Sea rig incident
A North Sea union boss has called out the “staggering situation” whereby UK regulators are not investigating Sunday’s offshore rig incident when a worker went missing.
Equatorial Guinea sets out Zafiro, gas hub plans
“Production is not at the level we would like. We intend to own the asset and we need a new plan of development, which will take different things into consideration,” he said. Many wells need to undergo workovers, he said, in order to make it fit for the long term.
South African protest targets Russian seismic vessel
XR called on the government to refuse access to the “Karpinsky and all other vessels engaged in harmful exploration activities in the Antarctic region”.
Serica Energy backers approve Tailwind takeover
While the acquisition has secured enough backing to move forward, there is still a sizeable chunk of shareholders who opposed it.
Updated: Chevron falls after posting disappointing quarterly result
Chevron Corp. posted disappointing fourth-quarter results just days after surprising investors with a mammoth $75 billion share-buyback program.
BP tipped to reach next Senegal FID this year
BP and Kosmos Energy will present a plan of development for the Yakaar-Teranga this year and reach a final investment decision, a Senegalese official has said.
Global offshore rig utilisation to average 95% this year, says Westwood
Activity in the North Sea is a “bit questionable” though given the current windfall tax, which has prompted some operators to send rigs elsewhere.
Shell, Total appraisals under way off Namibia
Shell spudded the Jonker well in December. “I’m not saying anything apart from to say it is going well, it is going very well,” Shino said to applause.
Duo lead buyout of Aberdeenshire energy industry cleaning company and plan recruitment drive
Oldmeldrum-based energy industry cleaning company NRC UK has been bought over with bosses now planning to double its workforce.
Video: Aberdonians voice opinions on future of oil and gas
Aberdonians are having their say on the future of the North Sea, including producing oil and gas in"better" ways and "supporting our own economy".
Matheson: Industry should rise to ‘challenge’ of climate checkpoints
North Sea oil and gas producers should accept the “challenge” of meeting climate targets and justifying the need for further fossil fuel production, Scotland’s energy secretary said.
Japan to drive low-carbon energy investment into Western Australia
The Western Australian government today signed a new Memorandum of Understanding (MOU) with the Japan Bank for International Cooperation (JBIC) covering hydrogen, ammonia, low emission technology and decarbonisation.
PTTEP delays $2bn M3 gas development in Myanmar
Thailand’s state-backed energy company PTT Exploration & Production (PTTEP) has decided to delay the development of its integrated gas-to-power project, that would use resources from the M3 Block, to generate electricity in Myanmar, according to a report in the Bangkok Post.
PTTEP seeking to divest Cash-Maple gas asset in Australia this year
Thailand’s state-backed energy company PTT Exploration and Production (PTTEP) expects to sell its Cash-Maple gas and condensate field in Australia in 2023, according to a report in the Bangkok Post.
US natural gas falls below $3 for first time since May 2021
US natural gas futures extended losses below $3 amid mild winter weather that helped spark the worst selloff among the country’s commodities.
NEO Energy names Nexen veteran as new CEO
M&A specialist Russ Alton is out, project manager Paul Harris is in.
Fears windfall tax subsidy could distort North Sea electrification process
Concerns have been raised about the unintended consequences of the UK Government’s subsidy for electrifying oil and gas platforms.
Serica backers readying for crucial vote on Tailwind acquisition plans
Investors in Serica Energy are preparing to head to the metaphorical ballot box to vote on the company’s planned acquisition of Tailwind Energy.
Big Oil faces headwinds after record $199 billion profit haul
Exxon Mobil, Chevron, Shell, TotalEnergies and BP reaped almost $200 billion collectively last year but fears of an economic slowdown, plunging natural gas prices, cost inflation and uncertainty over China’s re-opening are dimming the outlook for 2023.
Maurel pays down debt, progresses Wentworth deal
Operations had returned to normal in the third quarter in Gabon, Maurel said. The company began a well stimulation campaign in the fourth quarter of 2022, with the field now capable of producing more than 21,000 bpd.
Royal Opera House drops BP as sponsor after 33 years
The Royal Opera House has ended its sponsorship relationship with BP (LON: BP) after 33 years, becoming the latest institution to cut ties with the oil giant.
Decom North Sea brings awards show to Aberdeen
The sixth annual Decom North Sea Awards are coming to Aberdeen in the energy industry’s only awards dedicated to decommissioning excellence.
League table: Which oil and gas firms produce most emissions?
Which integrated gas companies produce the most emissions?
Mega Australia-Singapore solar cable project wins lifeline to carry on building
An ambitious plan to power Singapore using Australian solar won another lifeline on Wednesday after a court in Sydney agreed to a sales process put forward by the project’s administrators.