Shell snaps up majority stake in floating offshore wind farm
Shell has signed an agreement to take on a majority stake in a planned floating wind farm off the south coast of Ireland.
Shell
S&P swings downgrade axe on energy majors amid transition
S&P Global Ratings has downgraded its outlook for a number of energy majors, driven by concerns around the energy transition and pressure on profitability.
Reuters Events: Scaling-up hydrogen production webinar
BP, Shell, and Acciona are amongst major players who have launched green hydrogen projects of varying sizes, with the technology proving to be an effective net zero solution. The challenge is, however, how can we produce hydrogen at scale?
Total gets fastest start on net zero race among Europe oil majors
Total SE has had the fastest start in the race between oil supermajors to achieve net zero carbon emissions.
Shell bulks up electric vehicle charging network with Ubitricity acquisition
Shell has agreed to buy Ubitricity, which operates the largest electric vehicle public charging network in the UK, expanding its investments in the transition into cleaner fuels.
‘We can win this’: Scottish firms urged to go for $100m CCS prize from Elon Musk
Elon Musk has said he’s putting $100million up for grabs to the best carbon capture and storage (CCS) tech – and Scottish firms are being told to go for it.
Updated: Neo Energy enters exclusive talks with ExxonMobil over North Sea portfolio
Oil and gas firm Neo Energy has entered into exclusive negotiations over the purchase of ExxonMobil's UK central and northern North Sea portfolio.
Updated: Weatherford to close Aberdeen manufacturing facilities
US oilfield equipment and service firm Weatherford dealt another painful blow to the Aberdeen oil industry yesterday by confirming plans to shut down its manufacturing facilities in the city.
Cairn says Kraken and Catcher reaching ‘natural decline phase’, targets ‘Jaws’ prospect with Shell
Scottish oil and gas firm Cairn Energy said today that its partners’ North Sea Catcher and Kraken fields were expected to “enter their natural decline phase” this year.
Green power to the people
After a truly challenging 2020, hopefully 2021 will offer something to look forward to.
Big businesses told to slash payment times to small suppliers
Big businesses have been told to pay small suppliers within 30 days as the Government strengthened the Prompt Payment Code.
Shell signs up for Lagos, Ogun gas provision
Shell Nigeria Gas (SNG) has signed a deal to provide gas to industrial and manufacturing companies in Lagos and Ogun states.
Shell sells OML 17 stake for $533mn
Shell Petroleum Development Co. (SPDC) has sold its 30% stake in OML 17 to TNOG Oil and Gas, for $533 million.
Bank assets targeted over Shell’s $479m Nigerian debt
Nigerian authorities moved to seize assets belonging to one of the nation’s largest banks to recoup damages owed by Royal Dutch Shell Plc to a local community over a decades-long dispute.
US fund managers at bottom of the pile as investors score low on climate goals
US fund managers are still lagging behind their European peers in putting pressure on companies and ensuring their investments align with climate change targets, a new report has claimed.
UK North Sea exploration well tipped as ‘one to watch’ in 2021 by Westwood Global
An oil and gas market researcher has highlighted a UK North Sea exploration well expected to be drilled this year by Shell as “one to watch”.
Shell making 330 UK job cuts, majority in Aberdeen
Shell is planning 330 job cuts from its UK oil and gas business, the majority in Aberdeen, as part of its global restructuring.
Digitalisation event to focus on people over technology
Business intelligence company, Offshore Network, are next month hosting the Upstream Digital Transformation Conference, a digitalisation event, but not one that’s looking at technology. Instead the event focuses on the ‘people’ aspects of digital transformation, with sessions including discussions on culture change, skills and collaboration.
FRU arrives in Ghana for Tema LNG
Tema LNG's floating regasification unit (FRU) has arrived in Ghana.
North Sea firms enjoy share price bump on OPEC deal
North Sea firms ranging from BP to Hurricane Energy have enjoyed share price hikes after a deal was reached by OPEC to curb oil production.
Shell postpones North Sea seismic job due to fishing, environmental concerns
Shell has postponed a 3D seismic survey in the UK North Sea after weighing up the impacts on fishing businesses and the environment.
NECCUS gets £1.23m to develop emissions reduction roadmap with Shell, Chrysaor involved
A Scottish decarbonisation group has been successful in its bid to secure more than a million pounds to draw up an industrial emissions reduction roadmap.
Shell to lay off 700 workers at Louisiana refinery
Shell will lay off 700 workers after closing its Convent refinery in Louisiana, part of a company effort to reduce carbon emissions.
Total to explore Herodotus Basin
A group led by Total has signed up to explore an offshore block in Egypt’s Herodotus Basin, in the Mediterranean Sea.
Myanmar set for more than $1 billion of upstream investment
With Myanmar’s general elections in the rearview mirror, upstream development expenditure could more than double to over $1 billion by 2023 compared to this year’s spend.