By Dave Moseley, senior analyst at Westwood Global Energy
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.
M&G, a FTSE-100 listed savings and investments business, has become the fourth external shareholder in Storegga Geotechnologies, the lead developer of the Acorn carbon capture and storage and hydrogen project near Peterhead.
A deal has been struck that could pave the way for emissions from North Sea gas pipelines, operated by ExxonMobil and Shell, to be captured and locked away.
UK firm Carbon Clean has been selected to carry out the Front End Engineering Design (FEED) services for Aberdeenshire's Acorn carbon capture and storage (CCS) plant.
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).
Russian state oil and gas producer Zarubezhneft aims to create a new gas cluster with assets in Vietnam and Indonesia following recent deals involving Premier Oil and Rosneft.
North Sea operators are being warned against introducing further “bureaucracy” amid concerns it could make life even more difficult for the supply chain.
Oil and gas firms Shell and Harbour Energy have struck a deal to become equal-equity partners alongside Storegga in an Aberdeenshire carbon capture and storage (CCS) project.