ADM fights off shareholder, as Nigerian legal fight delays
ADM Energy’s board has seen off a shareholder activist attempt at revolution, while a legal challenge over an oilfield in Nigeria has been pushed back.
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Kazakhstan’s Tokayev sets state of emergency as fuel protests spread
Kazakh President Kassym-Jomart Tokayev accepted the government’s resignation Wednesday after increases in fuel prices led to clashes between protesters and police in central Asia’s largest energy producer.
Petronas explores exports of ‘carbon neutral methane’ to Japan
Malaysia’s Petronas, along with Japanese companies Sumitomo and Tokyo Gas, will carry out a feasibility study to establish a supply chain of ‘carbon neutral methane’ to Japan.
Andrew Austin’s Kistos spuds North Sea well
Andrew Austin's new venture Kistos has successfully drilled a North Sea well.
Rosneft sees oil edging to $120 as OPEC+ supply hike lags demand
Global oil prices may rise to as high as $120 by the middle of next year as the ability of OPEC+ to meet demand is at risk from under-investments and sanctions, according to a Rosneft PJSC executive.
Green energy projects on Orkney and Eigg win share of £400k
Green energy projects on Eigg and in Orkney are among four initiatives in Scotland to share funding of almost £400,000 from Centrica.
China’s energy crisis highlights weaknesses in Xi’s power plans
China’s energy crisis has highlighted weaknesses in one of President Xi Jinping’s top priorities -- energy security -- that could have ramifications for the power system for years to come.
DMRE comes under fire from just energy transition
Protests will kick off tomorrow aimed at reforming South Africa’s Department of Mineral Resources and Energy (DMRE).
Decklar on course with Oza acceleration
Initial results from the Oza-1 well in Nigeria have been promising with a flow rate of 2,463 barrels per day.
Beijing interferes with Natuna drilling offshore Indonesia in South China Sea
A Chinese ship has been meddling with Harbour Energy’s ongoing drilling campaign at its Tuna block in the Natuna Sea offshore Indonesia. Significantly, the appraisal drilling is funded by Russia’s state-backed Zarubezhneft and the incident underscores the fact that Moscow’s energy interests in the South China Sea are increasingly being threatened by China.
No jabs, no jobs in Equatorial Guinea
Equatorial Guinea has forbidden unvaccinated people from working on- or offshore in the oil and gas sector.
Southeast Asia deepwater spend set to double in 2021
Deep-water drilling activities are bouncing back in Southeast Asia following a lacklustre 2020 with overall spending expected to rise 51% this year to $504 million and almost back to 2019 levels, estimates from Rystad Energy show.
UK Government provides highest level of support for exporters in 30 years
UK Export Finance publishes its annual results for 2020-21, which show the government provided record levels of support for UK exports.
Total must maintain Myanmar output to protect workers, CEO Says
French oil major Total must continue to produce gas in Myanmar and pay taxes to the military junta to protect staff from forced labor and maintain electricity supplies, Chief Executive Patrick Pouyanne said in an op-ed in Le Journal du Dimanche newspaper.
Philippines needs to push nuclear power
The Philippines need to pursue nuclear power to improve its long-term energy security and slash carbon emissions from its highly polluting coal-fired power fleet.
Reliance and BP announce first gas from Asia’s deepest project
Reliance Industries Limited (RIL) and BP have announced first gas from Asia’s deepest offshore project.
Fluor’s contract wins drop in third quarter
Fluor has reported revenue of $3.8 billion for the third quarter of the year, with earnings of $19 million.
EIC adds new directors and sees growing and more diverse membership
The Energy Industries Council (EIC), the leading trade association for companies that supply goods and services to the energy industries worldwide, has appointed four new non-executive directors to its board.
Statkraft reports ‘strong response’ from local supply chain over £20m electricity grid scheme
Renewables firm Statkraft has reported a “strong response” to a call for local suppliers to get involved in a £20 million electricity grid improvement project it is preparing to start in Keith.
DNV GL carries out remote crane inspection pilot programme in North Sea
A pilot project to remotely perform inspections on three of offshore cranes on the Norwegian Continental Shelf is ongoing.
Copenhagen Offshore Partners opens floating offshore wind centre in Edinburgh
A Danish renewables developer has opened a new facility in Scotland aimed at speeding up the deployment and integration of floating offshore wind.
Dolphyn hydrogen project shows energy transition ‘in real time’ for Aberdeen
When developer ERM decided Aberdeen would be the home for Dolphyn, its world-first floating green hydrogen project, it said “it will put Aberdeen on the map”.
Trafigura pitches carrot-and-stick to tackle shipping emissions
Trafigura has called for a new levy on marine fuels in order to reduce carbon emissions in the shipping sector.
Unexpected benefits: will Covid-19 lead to a more diverse workforce?
Could a more diverse workforce be one of the benefits to emerge from the global pandemic? Janette Marx, CEO of global workforce solutions provider, Airswift makes the case that lockdown has broken down the lingering psychological hurdles while technology has allowed difference to be encouraged and enabled.
Oil falls with pandemic-hit economies crimping demand outlook
Oil fell as economic signals out of Europe and Asia flashed warning signs about the rebound in crude consumption.