Russian oil firm Lukoil quits Norwegian trade body following suspension
Moscow-headquartered Lukoil (LON: LKOH) has terminated its membership of industry trade body Norwegian Oil and Gas.
Moscow-headquartered Lukoil (LON: LKOH) has terminated its membership of industry trade body Norwegian Oil and Gas.
TotalEnergies has said it condemns Russia for its “military aggression against Ukraine” and will not provide capital for new projects in Russia.
First BP, then Shell. In just two days, Britain’s twin energy giants have dumped Russian investments nurtured over decades and shut themselves out of the world’s largest energy exporter, probably forever.
Energy majors continue to offload interests in Russia, with a series of divestment announcements by the likes of Shell, BP and Equinor.
Norwegian oil giant Equinor has followed BP in announcing that it will start exiting its joint venture businesses in Russia.
Researchers don’t expect the ongoing conflict between Russia and Ukraine to dent the flow of cash to BP (LON: BP) or TotalEnergies (PAR: TTE).
BP, Wintershall DEA and IOG are among the North Sea firms which are monitoring UK Government sanctions against Russia, and could be impacted as tensions escalate.
Oilfield services group Saipem (SPM.MI) has concluded a review of key projects and backlog following a surprise profit warning last month.
TotalEnergies has made a “significant” discovery at the Venus 1-X well, offshore Namibia.
Oil and gas giants are expected to fork out billions of pounds on share buybacks this year as they reap bumper profits.
ExxonMobil (NYSE:XOM), which operates the PNG LNG export complex in Papua New Guinea (PNG), has sealed a gas agreement with the PNG government that provides a clear framework for development of the P’nyang field to backfill existing liquefied natural gas (LNG) infrastructure. However, major development activities are unlikely to start before 2027.
TotalEnergies and APA Corp. have made a “significant” oil and associated gas discovery offshore Suriname, on Block 58.
Malaysia’s Petronas and Japan’s Mitsubishi Corporation are divesting their shares in the Yetagun gas field offshore Myanmar. The move marks the latest in a series of exits by major energy companies, including Chevron and TotalEnergies, following the military coup in February 2021.
Dozens of flights going to and from North Sea oil and gas installations have been impacted as Storm Eunice hits the region.
China National Offshore Oil Corporation (CNOOC) struck $13 billion worth of deals to boost oil and gas supply, as the country aims to avoid a repeat of last year’s energy crunch.
TotalEnergies has announced a partnership with Norway’s Semar to use and develop the company’s Honeymooring technology in future floating wind projects.
The North Sea’s leading trade body Oil and Gas UK (OGUK) has officially completed its planned rebrand.
Stena Drilling has secured a new contract with TotalEnergies for the Stena Spey unit, which will begin a UKCS campaign in the spring.
The world’s oil supermajors are pumping out cash as if crude was already trading at $100 a barrel.
PTT, Thailand’s state-controlled energy company, is bidding to take control of Myanmar’s Yadana gas field after TotalEnergies (LSE:TTE) and Chevron (NYSE:CVX) announced they will exit the country to protest against the junta’s continued violence against civilians since the military coup.
TotalEnergies is dropping out of the North Platte development, in the US Gulf of Mexico.
TotalEnergies joins its fellow supermajors in reporting bumper Q4 and full-year results, with net income of $16 billion.
The UK’s business and energy secretary has defended the role of the oil and gas industry in the transition to net zero.
Mozambique’s sixth bid round is under way and potential bidders have until the end of February to pre-qualify.
Four of South Africa’s five major banks have said they will not support the East African Crude Oil Pipeline (EACOP), in Uganda and Tanzania.