A small group of deep-pocketed companies increasingly dominates exploration and, as yet, they are avoiding the boom-and-bust mentality of previous oil cycles.
Following the approval of Shell’s Jackdaw field, analysts are weighing in on whether the move signals an acceleration on reported government plans to “fast track” key North Sea fields.
Kwasi Kwarteng has paid a visit to a major Shell conference hailing the firm’s UK spending plans, two weeks after the government announced a windfall tax on the industry.
As of 30 May, Westwood Global Energy reports that there is one exploration well and one appraisal well active, in the CNS and NNS respectively. One appraisal well in the CNS was P&A as a gas well since the last report.
Shell (LON:SHEL) and Japanese liquefied natural gas (LNG) buyers Tokyo Gas and Osaka Gas will together explore potential opportunities to accelerate decarbonisation across their respective production value chains.
Since the start of 2022, out of the eighteen accidents that shook the Bangladeshi shipbreaking industry, six have taken place at yards owned by Kabir Steel Re-Rolling Mills (KSRM), a concern of large conglomerate Kabir Group, reported NGO Shipbreaking Platform.
Philippine billionaire Enrique Razon will acquire a controlling stake in businessman Dennis Uy’s Malampaya gas project, in a move that may help extend the life of a field that fuels some of the nation’s biggest power plants. Significantly, Shell is also in the process of trying to divest its share of Malampaya.
Just Stop Oil activists covered a UK government building in paint on Thursday, claiming it has “blood on its hands” after approving the Jackdaw gas field.
Activists will hold “emergency rallies” in London and Edinburgh in protest to the regulatory approval of the Shell Jackdaw field.
Production at Shell’s (LON:SHEL) Prelude floating liquefied natural gas (LNG) facility offshore Western Australia may soon be affected by industrial strike action after the Offshore Alliance issued the supermajor with a notice of protected industrial action starting 10 June.
Shell (LON: SHEL) has received approval to forge ahead with the development of the Jackdaw gas field in the North Sea.
Major deepwater discoveries will require major project developments to commercialise, with gas playing a crucial role, analysts from IHS Markit have said during a recent webinar, in association with the African Energy Chamber.
Shell is having its day in court in South Africa in the matter of its offshore seismic plans, while facing an onslaught of environmental protests.
Researchers have set out the near-term impact on North Sea players from the windfall tax, while EnQuest reportedly is looking elsewhere to invest.
Shell (LON:SHEL) has taken a final investment decision (FID) to develop the Crux natural gas field offshore Western Australia.
Oil giant Shell (LON: SHEL) has backtracked on its previous optimism about the UK Government’s new energy profits levy.
Boris Johnson said he wants to keep North Sea oil and gas flowing to help tackle the rising cost of living, and urged companies to boost investment.
A Shell garage in Aberdeen has been wrapped in the Pride flag to mark a major LGBT+ celebration in the city tomorrow.
Shell has issued three engineering, procurement and construction (EPC) tenders for companies to participate in the 120,000 barrel per day Bonga North development in Nigeria.
Big Oil has reacted to the news that Chancellor Rishi Sunak has finally opted to plough ahead with a windfall tax on North Sea profits.
Inductosense has secured funding from the Net Zero Technology Centre (NZTC) to develop and trial a new wall thickness monitoring sensor with BP.
The head of Russia’s lower parliamentary house yesterday called for the Sakhalin-2 LNG project equity owned by foreign investors from “unfriendly countries” to be transferred to Gazprom or the state.
The Shell AGM (LON:RDSA) has been put on hold this morning following a group of Extinction Rebellion (XR) protesters who chanted and sang, while refusing to leave.
Shell disregards climate risk and continues to cause “extreme harms”, a safety contractor has alleged, calling for workers to exit the industry.
A series of fake adverts have appeared on billboards and bus stops across Aberdeen.