Breaking: Chad’s president killed in rebel fight
Chadian President Idriss Deby has died while visiting fighting according to reports, coinciding with his re-election.
UK
Energean targets two years to transformation
Energean is on a path to transformation, with capital expenditure peaking in early 2022 and delivering – hopefully – 200,000 barrels of oil equivalent per day in 2023.
First appraisal well at Glengorm field in UK North Sea ‘not commercial’
The first appraisal well on the Glengorm gas field in the UK central North Sea has found "no commercial hydrocarbons", a project partner said today.
Shell North Sea boss Phimister takes job with Petroleum Development Oman
Shell North Sea boss Steve Phimister is moving to the Middle East as part of a new role with Petroleum Development Oman (PDO).
Equinor and SSE to build ‘first of a kind’ low-carbon power stations in UK
Equinor and SSE Thermal have announced plans to develop a pair of “first of a kind” low-carbon power stations in the UK.
New Gunvor bribery ‘skeleton’ haunts oil tader’s pledge to reform
In late 2019 Gunvor Group, one of the world’s biggest oil traders, said it would make a clean break from the past by settling a long-running bribery case in Africa.
Hurricane Energy: ‘No certainty of any future activity’ on West of Shetland assets
Hurricane Energy has stated there is “no certainty of any future activity” on its West of Shetland assets, including its flagship Lancaster field, following a new reserves report.
UK considers SPAC opportunity as US market booms
Special purpose acquisition companies (SPACs) are having a moment in the sun in the US and the UK is considering how best to secure a piece of the action.
Australian firm’s mission to repurpose North Sea platforms for geothermal energy
An Australian company says its “unique” technology could lead to oil and gas rigs in the UK North Sea being repurposed as key infrastructure for geothermal energy - a new renewables sector.
Ineos Energy to sell oil and gas business in Norway for $615m
Ineos Energy has announced a deal to sell its oil and gas assets in Norway for $615million.
UK offshore wind sector predicts 43,000 new jobs, £60billion investment by 2026
The number of jobs in the UK offshore wind industry will swell by more than 43,000 within the next five years, according to a new report.
Innovo appoints acquisition manager in the UK as part of new growth phase
Innovo Engineering and Construction is pleased to announce the appointment of William Cappello to the role of UK Acquisition Manager.
Neptune hands $21.4m deal to Borr for Dutch and UK North Sea jobs
Neptune Energy will use Borr Drilling’s new Prospector 1 rig for a range of jobs offshore Netherlands and UK as part of a $21.4 million contract.
Bilfinger Salamis lands multi-million pound inspection contract with Altera
Bilfinger Salamis has landed a multi-million pound inspection deal with Altera Infrastructure.
Longboat taking part in a number of North Sea acquisition processes
Bosses at Longboat Energy are “participating” in a number of acquisition processes as the London-listed firm looks to do its maiden deal.
BP takes £2bn hit on value of UK North Sea assets
BP has taken a $2.79bn (£2billion) impairment on the value of its oil and gas assets in the UK North Sea.
Decommissioning bill for NEO – Exxon UK assets estimated at $1.1billion
The decommissioning bill for NEO Energy’s newly-acquired Exxon Mobil assets in the UK has been estimated at $1.1billion (£795m).
Taqa mulls sale of assets in UK and Canada
Taqa is considering options for its oil and gas assets in the UK and elsewhere, including a potential sale, as the state-owned utility focuses more on power generation, people familiar with the matter said.
Odfjell wins five-platform Taqa contract
Drilling contractor Odfjell has been awarded a five-year contract with Taqa in the UK.
‘The next place to look is the UK’ says Ineos Energy chairman Gilvary
The UK North Sea is next on the list of growth targets for Ineos Energy, according to executive chairman Brian Gilvary.
BP plans ‘UK’s largest’ hydrogen project on Teesside
BP has announced plans for what it described as the “UK’s largest” hydrogen project.
Chrysaor VP predicts ‘huge amount of activity’ to 2025 for UK platform electrification
A senior boss at Chrysaor has projected a “huge amount of activity in the North Sea” for offshore platform electrification in the coming years.
‘Stage being set’ for North Sea recovery, says flagship EY report
The “stage is being set” for a UK North Sea recovery from the second half of this year, according to the flagship oilfield services report (OFS) from EY.
Wood earmarks $196million for bribery case settlements, agrees deal with Scottish authorities
Wood, the Aberdeen-headquartered energy services giant, has earmarked $196million in order to settle bribery cases with authorities in the US, Brazil and the UK.
‘It feels like virtue signalling’: Industry reacts to North Sea exploration ban report
UK jobs and companies would “pay the price” if ministers agreed a ban on new North Sea exploration, according to a senior industry source.