Sobriety has the upper hand, for now, in exploration
A small group of deep-pocketed companies increasingly dominates exploration and, as yet, they are avoiding the boom-and-bust mentality of previous oil cycles.
uncategorized
Reuters Events launches Hydrogen North America 2022
Reuters Events - announced the launch of Hydrogen North America 2022 (October 12-13, Houston, Texas). The two-day summit will unite policymakers and industry leaders to collaborate and foster a hydrogen society.
Gas output falls in Thailand exacerbating need for costly LNG
Thailand’s dependence on imported liquefied natural gas (LNG) continues to expand despite soaring global prices. Significantly, the increasing demand for LNG is being exacerbated by production declines across ageing domestic fields, particularly Erawan.
Euro Area would barely grow if Russian gas cut off, EU Says
The euro area’s pandemic recovery would almost grind to a halt, while prices would surge even more quickly if there are serious disruptions to natural-gas supplies from Russia, according to new projections from the European Commission.
Oil and gas leaders including Chevron, ExxonMobil and BP to unlock secrets of data-driven opportunities for upstream this June
The foremost digital strategists of the oil and gas sector will descend on Houston, Texas, this June to reveal unique insights into data-driven operations.
UK PM Johnson to meet oil and gas firms on North Sea’s future
UK Prime Minister Boris Johnson will meet with key oil and gas producers to discuss the industry’s role in shoring up the country’s supplies, following up on a new energy security strategy announced by the government earlier this month.
Eni prepares to open ruble accounts for gas as EU warns firms
Italian energy giant Eni is preparing to open ruble accounts at Gazprombank JSC, allowing it to potentially comply with Russian demands that gas must be paid for in local currency, according to people familiar with the matter.
BlackRock and Mubadala buy stake in India’s Tata Power Renewables for $525m
A group of investors led by BlackRock Real Assets and Mubadala Investment Co. infused 40 billion rupees ($525 million) into the renewable energy unit of Tata Power Co., the Mumbai-based company said.
Woodside’s decommissioning bill to hit $6.7bn after BHP merger
The merger between Woodside and BHP’s entire petroleum business will see the combined decommissioning costs for the new super independent hit $6.7 billion over the next 30 years, according to Woodside’s prospectus filed to the London Stock Exchange this week.
Oil slumps as China’s worsening outbreak raises demand concerns
Oil resumed its decline as China’s virus resurgence worsened, raising concerns about demand from the world’s biggest crude importer.
‘First of its kind green e-methanol plant’ planned in Southeast Asia
A multi-national partnership aims to establish what could be the first green e-methanol plant in Southeast Asia. The partnership, which includes Thailand’s PTT Exploration & Production (PTTEP), aims to establish Asia’s first green e-methanol plant which converts captured biogenic carbon dioxide (CO2) into green e-methanol, a low carbon fuel.
Oil prices don’t fully reflect Russian supply risks, Vitol says
Oil prices have fallen to levels that don’t reflect the risk of disruptions to Russian exports or the ability of China to keep the coronavirus pandemic under control, according to the world’s biggest independent crude trader.
Parkmead finally nears drilling decision on Skerryvore in UK North Sea
Parkmead has said it is nearing a drilling decision on its Skerryvore field in the UK North Sea.
Offshore Achievement Awards honours industry stalwart Melfort Campbell
North Sea stalwart Melfort Campbell has been honoured at the Offshore Achievement Awards.
First gas as flagship new North Sea project finally brought online
A flagship North Sea project has finally achieved first gas after being beset by a series of delays.
Japanese trio buy stake in Taiwan’s first commercial offshore wind project
Japanese shipping company Mitsui OSK Lines (MOL), Toho Gas and Hokuriku Electric Power, will buy a 25% share in the 128 MW Formosa I offshore wind project in Taiwan from Macquaries’ Green Investment Group, which is exiting the country’s first utility-scale offshore wind farm.
From strategy to construction, the next step for hydrogen
Questions of green or blue hydrogen are by the by, there is a major need for construction to get under way in order to achieve net zero participants at the fourth episode of Hydrogen – Tracking Transition said recently.
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.
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).