North Sea firms chasing price floor to offset windfall tax impacts
UK oil and gas producers are lobbying for a price floor to be introduced to combat the negative impacts of the latest windfall tax, according to reports.
Reuters
Report: Eni exploring £5bn deal for North Sea firm Neptune Energy
Preliminary talks have kicked off with an oil and gas supermajor on a deal for North Sea producer Neptune Energy, according to reports.
Shell CEO van Beurden preparing to step down next year, Reuters reports
Shell (LON: SHEL) chief executive Ben van Beurden is preparing to step down next year after almost a decade, according to Reuters.
Chinese oil giant Cnooc planning North Sea exit as part of ‘strategic shift’ – report
Chinese oil giant Cnooc (TSX: CNU) is putting plans in place to pull out of the North Sea, according to reports.
Shell renews talks with UK regulators on Jackdaw, according to reports
Shell is back in talks with the UK’s offshore regulator over plans to develop the Jackdaw gas condensate field.
SOCAR platforms safe after ‘mud volcano’ explosion in Caspian Sea
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 cuts oil exploration team down to fewer than 100 people – report
BP has made significant cuts to its oil exploration team, reduced to less than 100 people compared to a peak of over 700 before Bernard Looney's tenure, according to a news report.
BP relaunches sale of North Sea oil fields – report
BP is relaunching the sale of its interests in a number of North Sea oil fields, according to Reuters, after the collapse of its deal with Premier Oil last year.
BP to make 7,500 of global job cuts compulsory – report
BP will make 7,500 of its planned global job cuts compulsory after roughly 2,500 workers applied for voluntary redundancy, according to a news report.
Premier Oil seeks another price cut for BP North Sea assets – report
Premier Oil is seeking another price cut for the North Sea assets it is buying from BP, according to a news report.
SVPs for strategy of Edison International & NRG Energy join Reuters Events ‘Reshaping Energy’ webinar
Reuters Events - today announced the second episode in a new three-part broadcast on Energy Transition. The future energy system will mark a radical overhaul of the energy business ecosystem, with traditional industry diving lines set to be blurred. Speed and timing will be crucial for those looking to stay on the right side of the transition.
Reuters events discuss the resilience of the energy market through volatility
Reuters Events will be hosting a free online webinar series focused on commodity trading and commodity value chains.
Five predictions as we enter the age of the energy transition
For the previous few centuries, humans have been burning through fossil fuel reserves with somewhat reckless abandon. Yet in the 2020s, and based on extensive peer-reviewed research, we make five big and bold predictions linked to the future of energy systems and the social infrastructures that need them. The full report call be accessed via Reuters Events Energy Transition News and Content Hub, via the Energy Transition Report & Whitepapers section.
Wood, Lundin and Carbon Tracker on road to net-zero
In the age of the Great Energy Transition, oil and gas companies face a dual challenge; to reduce operational emissions whilst keeping up with growing energy demand they will need to increase both asset performance and lifetime. With increasing numbers of incumbent O&G players making net-zero commitments, the sector will increasingly be judged both by their cost per barrel / cubic feet AND their carbon footprint per barrel.
Total to cut investment programme by 20% – report
French oil major Total is planning to cut its investment programme by around 20% and freeze recruitment in response to the oil price crunch, according to a news report.
DecomWorld tackles decommissioning cost reduction head on
DecomWorld – part of Reuters Events - today announced a new research session into decommissioning cost reduction, which will tackle issues of price efficacy, benchmarking and the environmental impact of such approaches.
Opinion: Next oil rally? Futures say market is tightening
US oil inventories are at record levels, but there are a few glimmers of hope that the glut could be starting to subside.