Shell changes tune on windfall tax, says it will increase ‘uncertainty’
Oil giant Shell (LON: SHEL) has backtracked on its previous optimism about the UK Government’s new energy profits levy.
Oil & Gas
Watch: Boris Johnson says UK has to keep North Sea oil and gas flowing
Boris Johnson said he wants to keep North Sea oil and gas flowing to help tackle the rising cost of living, and urged companies to boost investment.
Military plane in near miss with S92 helicopter near Wick’s ‘sleepy little airport’
A helicopter and a US military plane were involved in a near-miss over Caithness, investigators have revealed.
Angola sets out its stall in bid to boost production
Angola is determined to increase energy production and, judging from the wave of independents signed up to take on Sonangol stakes, seems well positioned.
Shell Aberdeen garage gears up for Grampian Pride
A Shell garage in Aberdeen has been wrapped in the Pride flag to mark a major LGBT+ celebration in the city tomorrow.
Shell issues tenders for major Nigerian deepwater addition
Shell has issued three engineering, procurement and construction (EPC) tenders for companies to participate in the 120,000 barrel per day Bonga North development in Nigeria.
Windfall tax measures could ‘accelerate’ major UK oil projects like Cambo and Rosebank
Windfall tax measures announced by Rishi Sunak could "accelerate" major UK oil and gas projects like Cambo and Rosebank, according to experts.
Cheniere signs LNG supply deal with South Korea’s POSCO
US liquefied natural gas (LNG) developer Cheniere Energy will supply 0.4 million tonnes per year of LNG to South Korea’s POSCO International Corporation, owner of the Asian nation’s first private LNG import terminal, under a new long-term deal.
Pakistan considers gas import deal with countries including Russia
Pakistan said it is considering to sign a liquefied natural gas (LNG) purchase agreement with various countries including Russia as it seeks to secure supply and ease a crippling shortage.
Santos eyes cheaper carbon storage offshore East Timor at new $1.7bn APAC hub
Developing carbon capture and storage (CCS) projects in Southeast Asia is considerably cheaper than developing similar projects in more developed economies, such as Australia.
BP to review investment plans following windfall tax, Shell eyes relief
Big Oil has reacted to the news that Chancellor Rishi Sunak has finally opted to plough ahead with a windfall tax on North Sea profits.
Inductosense to wave WAND for BP in NZTC-backed technology trial
Inductosense has secured funding from the Net Zero Technology Centre (NZTC) to develop and trial a new wall thickness monitoring sensor with BP.
UK could still foist windfall tax on electricity firms’ booming profit
A windfall tax on electricity generators making “extraordinary profits” is still an option, UK Chancellor of the Exchequer Rishi Sunak said Thursday after slapping a similar levy on oil and gas companies.
‘A proportionate response’ – politicians react to oil and gas windfall tax
Plans to enact a windfall tax on the profits of the oil and gas companies have drawn a mixed reaction from political figures.
Eni, Sonatrach agree on fast-track gas developments
Eni and Sonatrach have signed a memorandum of understanding (MoU) on accelerating gas plans and a move towards green hydrogen.
Altrad to take on 4,000 workers as company strikes deal to buy Doosan Babcock
French industrial services giant Altrad has continued its acquisition spree by snapping up Doosan Babcock for an undisclosed fee.
Nigerian companies team up on gas network plan in Lagos
A group of Nigerian companies have teamed up to build, own and operate (BOO) a natural gas infrastructure network in the Lagos Free Zone.
Industry slams oil and gas windfall tax which will send ‘shockwaves for years to come’
Rishi Sunak has announced a multibillion-pound windfall tax on oil and gas, which the industry has slammed as sending "shockwaves" on jobs, investment and communities.
Technip Energies signs on to gas plans with COS Petrogaz
Technip Energies has signed a memorandum of understanding (MoU) with Senegal’s COS Petrogaz on LNG and decarbonisation.
Cambo owner Ithaca Energy to IPO in London ‘asap’
Ithaca Energy will make its IPO in London “as soon as possible” this year, according to parent firm Delek Group.
Exxon signs up Maersk Supply Service ahead of Angola drilling
ExxonMobil has awarded Maersk Supply Service work supporting drilling and production offshore Angola, in Block 15.
Energean shifts London AGM to skip Greek protests
Energean has shifted its AGM in London in response to a proposed demonstration around working conditions at its Greek oilfield.
Ithaca outlines $444m capital spending for 2022 as Abigail and Captain make progress
Growing North Sea operator Ithaca Energy has set out its expected capital expenditure plans of $444m this year as a pair of projects progress.
Petrofac laments ‘cost overruns’ and ‘unfavourable’ settlements as E&C heads for loss
Petrofac (LON: PFC) has decried cost overruns and "unfavourable" settlements hitting its E&C division and the wider group's cash flow.
Invictus firms up Baker Hughes drilling deal
Invictus Energy has signed a binding well services contract with Baker Hughes for drilling in Zimbabwe, following a capital raise.