UK blames Iran for deadly attack on tanker
The UK has accused Iran of being behind an attack on a tanker offshore Oman on July 29 and is working with partners on a response.
Oil & Gas
United lines up more production at Abu Sennan
The Al Jahraa-8 development well on Egypt’s Abu Sennan concession has flowed at a maximum rate of 2,819 barrels of oil equivalent per day, United Oil & Gas has reported.
SSE finds buyer for SGN stake in £1.2bn deal
London-listed energy company SSE will sell its 33.3% stake in gas distribution operator Scotia Gas Networks (SGN) for £1.22 billion.
Oil Search, Santos to merge into $16bn LNG powerhouse
Australia’s second- and third-biggest oil and gas companies are set to merge to become one of the largest in the region and in the top 20 globally.
A new wave of consolidation in North Sea energy markets
Anderson Anderson & Brown Corporate Finance (“AABcf”) is delighted to share with you our Deals+ update for H1 2021 in conjunction with Energy Voice, highlighting selected Energy M&A and Fundraising transactions across the UK
UK’s overseas development bank told to step off the gas pedal
We have a decade to decarbonise the global economy and limit temperature rises to 1.5 degrees Celsius – the target set by the Paris Agreement in 2015.
AFC kit sponsor Saltire Energy reports ‘consistent’ oil and gas business
Drilling equipment sales and rental business Saltire Energy has maintained "consistent" performance in spite of the "unprecedented challenge" of the pandemic.
Exxon and Chevron ride plastics boom to cash-flow bonanzas
Exxon Mobil Corp. and Chevron Corp. swung to their biggest profits since pre-pandemic days amid surging demand and prices for plastics and energy.
Here’s who wins and who loses from the surge in commodity prices
The world’s recovery from the coronavirus pandemic has sent prices for energy, metals and food soaring, helping big commodity exporters while hammering those nations that buy the bulk of their raw materials from others.
Harbour restarts Natuna drilling after chopper accident in Indonesia
UK-based upstream player Harbour Energy has restarted development well drilling at its Natuna Sea Block A offshore Indonesia after operations were suspended due to a helicopter accident last week.
North Sea oil boss caught up in storm over climate change tweets
The boss of a London-listed North Sea oil minnow has deleted his personal Twitter account following criticism of views he expressed on climate change.
PTTEP pressing on in Myanmar despite delays
Thailand’s PTT Exploration & Production (PTTEP) is managing to maintain its upstream oil and gas production obligations in Myanmar despite recent turbulence in the country that has delayed some activities.
PTTEP has ‘no clarity’ on clash with Chevron for access to Erawan
Thailand’s PTT Exploration & Production (PTTEP) said yesterday that there is still “no clarity” around access to the Chevron-operated Erawan gas field off Thailand ahead of a transition next year. PTTEP wants access before next April’s handover to ensure a smooth transition and stem a production decline at the field, which is key to Thai energy security.
Indonesia eyes giant offshore decommissioning wave
Indonesian upstream regulator SKK Migas is preparing a strategic plan covering the decommissioning of more than 100 upstream oil and gas platforms in Southeast Asia’s largest producer of hydrocarbons.
TechnipFMC cuts Technip Energies stake, buys out JV
TechnipFMC is placing around 9% of Technip Energies outstanding shares through a private placement, while also bringing more focus to bear on its integrated service model.
Xodus studying scope for electrifying Harbour Energy’s North Sea assets
Energy consultancy Xodus is carrying out work to assess the infrastructure and modifications needed to electrify Harbour Energy’s central North Sea assets.
Kyari insists AKK pipeline project on track, despite China concerns
Nigeria will deliver the Ajaokuta-Kaduna-Kano (AKK) gas pipeline on schedule, Nigerian National Petroleum Corp. (NNPC) head Mele Kyari has insisted.
TotalEnergies, Equinor exit Venezuela venture amid foreign exodus
French oil company TotalEnergies and Norway’s Equinor decided to quit a key venture in Venezuela, adding to an exodus of foreign firms in recent years as the country’s energy industry has withered.
Seplat appoints ex-Puma CEO to board amid power move
Seplat Energy has appointed Emma FitzGerald as a non-executive director, who has previously worked at Shell and Puma Energy.
PIC Group wins O&M work at modular Nigerian refinery
Marubeni-owned PIC Group has won a five-year maintenance agreement from Nigeria’s Azikel Petroleum, for a new refinery in Bayelsa State.
Fugro returns to growth for first time since pandemic began
Dutch geo-services firm Fugro has returned to growth for the first time since the outbreak of the pandemic last year.
Symbolic bans on oil E&P won’t help us with climate change, Shell boss says
The chief executive of Shell said today that “symbolic” bans on oil and gas exploration and production would not help the UK tackle climate change.
Updated: TotalEnergies riding wave of increased oil prices, signs offtake agreement with Amazon
TotalEnergies enjoyed a strong financial showing in the first half of 2021, driven by a recovery in the oil price.
Shell lifts dividend and starts $2bn share buyback programme
Shell hoisted its dividend and kicked off a $2 billion share buyback programme today, emboldened by a return to the black in the first half of 2021.
Aberdeen-headquartered RotoJar rebrands as HydroVolve, announces new CEO
Aberdeen-headquartered energy technology company RotoJar has rebranded to become HydroVolve.