Westwood Global Energy reports that as of June 28 there were two appraisal wells active in the UK. Completions to date in 2021 are one appraisal well at 22/26d-3 Glengorm South and two exploration wells at 22/6c-B4Z Bacchus South and 16/2a-6 Tiger Lily.
Earlier this month Murphy Oil joined a long list of explorers, which includes BP, Equinor, Chevron, Karoon Energy, Bight Petroleum, and their joint venture partners, that have now exited and passed over the opportunity to unlock the Great Australian Bight.
Energy giant BP has been fined £50,000 by the Oil and Gas Authority (OGA) over a North Sea licence breach.
More than 70 bids have been made by companies for the ScotWind offshore leasing round, showing the country’s “scale of potential” for wind development.
The world’s biggest oil and gas companies are more likely to talk to Wall Street about emissions than how their businesses might grow.
BP’s latest review of energy use has been presented as positive developments in carbon reduction. However, the facts remain that fossil fuels continue to provide most of the world’s energy needs and that developing Asia is driving demand.
Energy giant BP will make Aberdeen the centre of its global offshore wind business as part of a £10billion spending spree if it secures a lease to install and manage turbines in the North Sea.
Offshore wind developers have been praised for the “time, effort and investment” they’ve put into their ScotWind applications.
BP is due to deliver a first cargo of carbon neutral LNG to Mexico’s Energía Costa Azul (ECA) terminal today.
Scotland's first offshore wind leasing round in more than a decade has closed to applicants.
Oil and gas supermajor BP has confirmed the names of its planned new offshore wind projects in the Irish Sea.
The two-day Bloomberg Sustainable Business Summit, which is underway, is focused on topics ranging from the transition to a net-zero economy to the future of sustainable investing.
There is potential for Government’s net zero targets to be hampered by offshore wind and carbon capture and storage (CCS) tussling for space in the North Sea.
At bp, we are all guided by our ambition to become a net zero company by 2050 or sooner, and there is a real buzz around the role that our hydrogen and CCUS business - which I began leading last year - can play. Whilst relatively nascent in their development, both technologies offer real promise for delivering clean energy provision and decarbonising heavy industry and mobility, among other sectors.
BP’s chief executive has raised concerns that the dramatic fall in carbon emissions seen last year may be “short lived”.
BP has commenced production from a new section of its huge Shah Deniz gas field.
The OPEC+ oil cartel is facing its biggest crisis since a price war at the start of the coronavirus pandemic.
Offshore gas platforms in the Caspian Sea have been marked as safe, despite media coverage of a large explosion in the area, according to a news report.
BP Plc and Russia’s Lukoil PJSC want to sell down their assets in Iraq, according to the country’s oil minister.
A fuel derived from “chip fat” could be the near-term answer for offshore helicopters to cut emissions, according to an aviation expert.
A fledgling company behind a £10-billion plan to decarbonise swathes of North Sea oil platforms using 200 of the largest floating wind turbines has revealed the identity of one of its partners.
UK-listed Harbour Energy said it is on track to probe the deep waters of Indonesia’s North Sumatra basin in its Andaman II production-sharing contract (PSC).
Shell said it plans to buy the BP stake in the North Sea Shearwater field they share, superseding a deal agreed by the British oil major last month.
Norwegian energy giant Equinor has become the first company to start drilling an exploration well on the UK Continental Shelf this year.
India’s richest man, Mukesh Ambani, who has run one of the world’s largest petroleum businesses for over two decades, yesterday announced that his company Reliance Industries, will invest 750 billion rupees ($10 billion) towards clean energy solutions over the next three years.