Shell, TotalEnergies in talks for stakes in Adnoc LNG plant
Adnoc is expected to make a final investment decision on the Ruwais LNG export project as soon as next month.
Adnoc is expected to make a final investment decision on the Ruwais LNG export project as soon as next month.
Investors in French oil major TotalEnergies (LON: TTE) will call for the division of the role of CEO and chairperson of the company, claiming this could speed up its transition towards clean energy.
Companies including Eni, Shell, ExxonMobil and TotalEnergies invested close to $55 billion to develop Kashagan
A new report has revealed the world's oil and gas firms have contributed to more than 40% of global carbon dioxide (CO2) emissions since the Paris climate agreements.
The Tyra offshore gas hub in the Danish North Sea has restarted production following a period of redevelopment.
Aberdeen-headquartered ASCO has been awarded three contracts with energy industry heavy hitters with a combined value of over £20 million.
There’s been a raft of relegations and promotions in the last year for the league table of the top 15 production hubs in the UK North Sea.
The Crown Estate has made a pair of senior appointments to oversee efforts in offshore wind and nature and environment, as it kicks off tendering on its fifth leasing round.
A new report suggests Big Oil continues to link executive pay to increased fossil fuel production, even if this conflicts with energy transition targets and climate policies.
There are several “deals to watch” in the UK North Sea in 2024 as a general election looms and companies reshuffle their positions.
Onshore operations in Nigeria have long been a challenge for operators, with a laundry list of problems including political challenges, sabotage, bunkering and foreign exchange.
Air accident investigators have discovered issues with a flight recorder on board a helicopter whose blades were ripped off while parked offshore during high winds last year.
Valaris has revealed a number of contracts in UK waters in its latest fleet status report as it boasts a $3.9 billion backlog.
Eni has reported success at the Cronos-2 well offshore Cyprus, noting “excellent gas deliverability capacity” at the find.
Orkney Islands Council declares its support for 2GW West of Orkney ScotWind project
Oil supermajors returned more cash to shareholders than ever before last year as management teams reined in spending on new projects to free up cash for dividends and buybacks. There may be more to come.
TotalEnergies’ chief executive Patrick Pouyanné told investors his firm was “the most profitable” major of 2023 while implementing his energy transition strategy.
“We will continue to drill … because everybody is excited. We have another exploration potential well on the south of Venus and we continue to appraise what has been discovered.”
TotalEnergies SE (LON:TTE) raised its dividend and continued share buybacks, shrugging off a 31% drop in fourth-quarter earnings caused by weaker oil and gas prices and shrinking refining margins.
French supermajor TotalEnergies (LON: TTE) has signed a $199 million to take 75% ownership of the Tungsten Explorer drillship.
A Norwegian project to bury carbon under the seas is getting backing from Germany
“This agreement streamlines our Energy portfolio and is in line with the OMV Strategy 2030 of reducing oil and gas production over time,” said OMV CEO Alfred Stern.
TotalEnergies and BP were identified as amongst the highest risk developers given their substantial project pipelines but “limited or no operational capacity.”
“The reason we wanted to stay in is in the southern part of the block.” The operator is acquiring 3D seismic on the area, he said, backing up existing 2D seismic.
“We are making ongoing evaluations to determine the exact size of these fields and continuously improve our estimates to determine commerciality.”