Orcadian agrees further loan extension with Shell
North Sea operator Orcadian Energy (AIM:ORCA) has announced an agreement for a further extension to its $1.4 million loan repayment to a Shell subsidiary.
North Sea operator Orcadian Energy (AIM:ORCA) has announced an agreement for a further extension to its $1.4 million loan repayment to a Shell subsidiary.
Scotland has to be "as competitive as possible" if it is going to achieve net zero aims, Scotland's Deputy First Minister said.
Serica Energy (LON: SQZ) has announced it will acquire a 30% non-operated interest in the North Sea's Greater Buchan Area development from Jersey Oil and Gas (JOG).
Oil giant reportedly hires Egon Zehnder International to help find next chief executive after Bernard Looney ousting
The Hazlehead Park event had been scheduled for the date of the 36th anniversary of the North Sea disaster which claimed 167 lives.v
The separation from SNC-Lavalin is complete, and the team at Kent are reflecting on why and how the programme was delivered, not without pain, but ultimately successfully.
One of those wells has been transferred to PTTEP for the Rotan NFE appraisal well, offshore Sabah. The drillship should begin this well in December 2023, with work taking 21 days.
“At least three exploration wells offshore the Northern Cape province will be drilled in 2024 to prove the petroleum resource potential in the Orange Basin.”
In order to provide a “strong warning and deterrent” to others participating in the stolen oil trade, NNPC said the vessel would be destroyed. Such a move, it said, was of “paramount importance”.
At this point, the report said, drilling lost five days. It attributed this to “trying to latch on to the wellhead because the rig compensator failed”. It noted the “situation was exacerbated by the rig guide funnel having been left behind in Norway”.
The two regulators must “immediately comply”, it said, and “ensure that no duplication of regulatory responsibilities occurs across any activity”.
PwC had acted as external auditor for SDX from 2012 until the end of 2022. SDX replaced PwC with Crowe UK.
The first was on increasing production at Tin Fouyé Tabankort (TFT). The two companies agreed to convert the TFT II and TFT Sud contracts to the new hydrocarbon law, which Algeria passed in December 2019.
“Government funding is phenomenal but it will have to be repaid. The headwind will be the realisation that the energy transition will cost a lot of money,” DeCotis said. “We have to communicate, though, that the cost of doing nothing is higher.”
Greenpeace said France must demonstrate LNG imports are “the best option available”. If it cannot do this, the NGO said, the directive from March 2023 on commissioning the Le Havre FSRU should be cancelled.
Shell has a 25% stake in the Burullus Gas joint venture, which is the operator of WDDM. This supplies gas to the domestic market and to Egyptian LNG, at Idku.
McDermott will carry out project management and engineering in Malysia. The company’s DLV2000 heavy lift and pipelay vessel will carry out the offshore installation.
A statement from Chad’s hydrocarbons ministry said the event symbolised the “deep friendship” between the two countries.
For PNOC to provide information to the state on the area, it would require approval from CNOOC and Petrovietnam. This, the Supreme Court said, was unacceptable.
Woodside has said there is a one-well commitment on the licence, due by the end of 2025.
“We are increasingly aware of the reputational challenges posed by our brand name and positioning,” the centre reported Adnoc as saying.
The former owner will be on hand to provide technical support, said Pecan Energies CEO Eiliv Gjesdal. Previously, he was CFO for Aker Energies.
There were a number of near misses on Hebron in 2021. Incidents included injuries on the facility and a support vessel.
Eni acquired its environmental licence for Coral Sul in 2015. The FLNG facility shipped its first cargo in November 2022.
The company said that more than 70% of contract value would go back into the UAE, under its in-country value (ICV) programme.