Shell to spend $1.5bn on UK decommissioning through to 2025
Shell is expected to spend $1.5bn (£1.152bn) on decommissioning in the North Sea over the next six years, according to a new forecast.
GlobalData
Shell leads the way on upstream spending plans, says GlobalData
Shell is leading the way on new-build spending plans to 2025, according to a new report from GlobalData.
M&A deals on the rise for global oil and gas
A total of £34.3billion-worth of merger and acquisition deals were carried out in upstream oil and gas in the third quarter of the year.
£15.6billion to be spent on UK North Sea projects to 2025
An estimated £15.6billion will be spent between now and 2025 on oil and gas projects in the UK North Sea, according to analysts GlobalData.
Equinor to lead future North Sea production, report claims
Norwegian energy giant Equinor is to lead North Sea production over the next seven years, according to a new report.
Tie-backs to dominate North Sea projects to 2023
Subsea tie-backs will be the most common development solution in the North Sea until 2023, according to new research,
Rising optimism as UK budget shows support for UK oil and gas
The prolonged slump in oil price has pushed investment in development of the UK North Sea significantly lower, threatening the viability of the industry.
UK has highest number of planned North Sea projects to 2025
The UK has the highest number of planned project in the North Sea due to start by 2025, according to new analysis by research firm GlobalData.
Brazil will drive global growth in FPSO industry to 2019 despite corruption probes
Brazil will lead global growth in the Floating Production, Storage and Offloading vessel (FPSO) industry despite the country’s national oil company, Petrobras, recently facing allegations of corruption, according to research and consulting firm GlobalData.
Global gas generator capacity set to double by 2025
Global installed capacity for gas generators will more than double from 8.4 Gigawatts (GW) in 2015 to reach 18.8 GW by 2025, with North America continuing to account for the largest share of the market, according to research and consulting firm GlobalData.
Solar overtakes wind as renewable source in Australia
Solar power became Australia’s largest source of renewable energy in 2014, with a cumulative installed capacity of 4 gigawatts (GW), overtaking wind power.
Deepwater lure could attract bidders to Mexico’s next licensing round
Mexico needs to attract significant interest to salvage a bidding round hampered by delays and low oil prices according to research carried out by consulting firm GlobalData.
Fukishima fallout leading to decline in nuclear generation
Anti-nuclear public opinion following the 2011 Fukushima disaster is leading to a decline in the capacity of nuclear power plants around the world, according to research consultants Globaldata.
UK Government’s renewable energy policies to hit investment
The decision to remove renewable energy sources from the Climate Change Levy (CCL) exemption will have a negative impact on the country’s renewable sector, according to a research and consulting firm. GlobalData said that while the move is expected to generate around £490million by 2016 and up to £1billion per year by 2020, the energy sector will suffer as a result in the short term. However this negative affect is likely to help growth in the long term – but areas such as the UK’s wind sector the hardest in the immediate aftermath of the decision.