The price cap on Russian crude oil exports is starving President Vladimir Putinโs budget of income, though it likely wonโt force him to ratchet down spending for years thanks to a $45 billion buffer of yuan reserves.
Six Wall Street banks are being pressed by a group of shareholders to move faster on reducing their financing of fossil fuels to meet global climate goals.
Neptune Energy today announced drilling has begun at its operated Adorf Z18 gas production well in the municipality of Georgsdorf, northwestern Germany.
The Texas oil and natural gas industry paid a record $24.7 billion in taxes and royalties last year, far exceeding the previous annual high of $16 billion set in 2019, according to the Texas Oil and Gas Association.
Capricorn chair Nicoletta Giadrossi is stepping down immediately from the board. So too is CEO Simon Thomson, in addition to Peter Kallos, Alison Wood and Luis Araujo.
Tolmount duty holder ODE Asset Management has been warned by the UKโs safety regulator after it found its procedures for handling fire and explosion risks lacking.
Flotation Energy is consulting on potential onshore cable routes that would link its proposed Green Volt floating wind farm with the National Grid, making landfall at Peterhead.
The development of the Santos-operated Barossa offshore gas development that will backfill the Darwin LNG export plant in Australia looks set to be further delayed after the offshore regulator suspended planned construction of an offshore pipeline due to indigenous heritage concerns.
If Nigeria loses in London, the incoming president will have to make the crucial decision of whether to re-enter settlement talks with P&ID, or continue claiming fraud.
The companyโs work has reduced risk on trap, source and seal, it said. Reservoir remains a moderate risk, it said, while the โlateral extent and continuity of reservoir sands is still unknownโ.
Labour shadow chancellor Rachel Reeves has pledged her party will increase the North Sea windfall tax, in a move industry says will spell โdisasterโ.
ExxonMobil (NYSE:XOM), operator of the Gippsland Basin Joint Venture, has hired the Helix Q7000 semisubmersible vessel to support decommissioning activities in the Gippsland basin offshore Australia, as ExxonMobil ramps up decommissioning work.