โIndigenous supply gives the opportunity for the lowest carbon footprint. We are operating in one of the highest regulated environments in the world,โ the CEO said. Rhein trucks the oil to a local refinery, which Bottomley described as the โbest possibleโ way in which to lower carbon.
โUnless these are addressed, some companies will face an up-to 50% cut in their reserves-based lending capacity as facilities are reviewed over time by banks.โ
By Stephen Coomber, Senior Analyst, Westwood Global Energy Group
As of 19 December, Westwood Global Energy reports that there are three exploration wells active, with one in the Barents Sea, one in the Norwegian Sea, and one in the North Sea. One exploration well is suspended.
The Italian company said it would incorporate the well results into its evaluation of the area. Eni has its eye on a fast-track development in Block 6, it said.
By Stephen Coomber, senior analyst, Westwood Global
As of 27 October, Westwood Global Energy reports that there are two exploration wells active, one in the Northern North Sea and one in the Norwegian Sea. Since the previous report, one exploration well program has completed.
The drive to secure additional energy supplies in the East Mediterranean was a rare case of hydrocarbons aiding, rather than hindering, a political agreement, Energean head Mathios Rigas said this morning.
By Stephen Coomber, senior analyst, Westwood Global Energy Group
As of 26 September, Westwood Global Energy reports that there are two exploration wells active, one in the Northern North Sea and one in the Norwegian Sea.
By Stephen Coomber, senior analyst, Westwood Global Energy Group
As of 26 September, Westwood Global Energy reports that there are three exploration wells active, with one in the CNS and two in the NNS. Two appraisal wells are currently active in the CNS. One well completed at Diadem.
Chevron and partners have signed up to develop the Aphrodite field, offshore Cyprus, with drilling due to start in the first half of 2023, while political talks are continuing.
TotalEnergies has denied a role in fuelling Russian fighter jets in their attacks in Ukraine, in response to allegations published today by Franceโs Le Monde.