AF Offshore Decom teams up with Sapura in APAC entry
Sapura Energy and Norway’s AF Offshore Decom have launched a new decommissioning venture, Kitar Solutions.
Orsted seeks new equilibrium, outgoing COO Brown states
The offshore wind industry had been lulled into a false sense of security through cheap money and a deflationary services market, Orsted’s outgoing interim COO Andy Brown said today.
Miliband calls out government failures, pledges just transition
The government is guilty of “sluggish decision making”, Ed Miliband, shadow Secretary of State for Energy Security and Net Zero, said this morning, setting out some plans for a change of pace under a potential Labour administration.
UK tracks off course for net zero, DNV warns
The UK has made impressive ground in its efforts to remove carbon from its energy system. As the country closes in on 2050, it will become harder – and is currently off course to achieve net zero, according to DNV.
BP files for “maximum” damages from McDermott
McDermott International faces a claim for “maximum recoverable damages” linked to its failure to complete a contract for BP offshore Mauritania and Senegal.
Qatar extends North Field, targets even more LNG production
QatarEnergy (QE) will target 142 million tonnes per year of LNG production before 2030, up from its previous goal of 126mn tpy by 2027.
Panoro targets new rig for Equatorial Guinea in Q2
Panoro Energy expects growth to continue this year, targeting 40% more production than 2023, despite problems around drilling in Equatorial Guinea.
CCS project pipe fills as customers ready for “leap of faith”
Carbon capture and storage (CCS) is starting to take shape, as industry takes steps to decarbonise and confidence growing from customers.
Perenco chases Hylia SW find with appraisal drilling
Perenco has begun drilling an appraisal well in Gabon, close to its shallow water Hylia South West discovery from December 2022.
Allseas completes pipe work for BP LNG project offshore Africa
Allseas has completed the infield pipelay scope for BP’s LNG project offshore Mauritania and Senegal.
Russia loses bid to overturn $50bn award in Yukos case
Russia failed to overturn a ruling in the Netherlands that ordered Moscow to pay around $50 billion in the bankruptcy case of Yukos Oil Co., once the largest Russian oil and gas company.
Chevron invests in Israeli gas boost
Chevron has taken the final investment decision (FID) on the second phase of the Tamar field, offshore Isreal.
Shell’s onshore Nigeria exit faces challenges, but suggests a way forward
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.
Mystery Trinidad oil spill points to Venezuelan shipment
Mystery has continued to swirl around the responsibility and ownership of a vessel leaking oil offshore Trinidad and Tobago.
RoyalGate seeks arbitration over Africa Oil award
RoyalGate Energy has informed Equatorial Guinea that it intends to begin arbitration over Block Z, alleging “material breaches” from the Ministry of Mines and Hydrocarbons.
Tower readies for crunch time as Cameroon well looms
Tower Resources is nearing the point where it will begin drilling in Cameroon, but the company has other opportunities it is also pursuing, chairman and CEO Jeremy Asher has highlighted.
SFO charges former Petrofac execs with UAE bribery
Chedid and Salibi are due to appear in Westminster Magistrates’ Court on February 19, 2024 to hear the charges.
Gabon commits to Assala deal, Maurel calls it quits
Gabon Oil Co. (GOC) has sealed the acquisition of Assala Energy, with Maurel et Prom acknowledging defeat.
Eni extends Cronos find, fuelling fast-track plans
Eni has reported success at the Cronos-2 well offshore Cyprus, noting “excellent gas deliverability capacity” at the find.
Europe coming to terms with LNG, Shell says, but still short
“Two or three years ago all you would hear about [from policymakers] was decarbonisation. Now, I think there’s much more balanced conversation around security of supply, affordability and decarbonisation,” Hill said.
BP farms out Egypt stakes to Adnoc in JV deal
"Building on our long-standing strategic partnership with BP, Adnoc looks forward to continue exploring other opportunities as we collectively seek to decarbonise our operations and lead a just and equitable energy transition.”
Island Drilling considering legal action over rig termination
"The BOP has been checked and tested by the OEM representative on board the rig and declared safe and ready for operations. Island Drilling is evaluating all legal recourse at its disposal to contest the termination."
Woodside FPSO arrives as Capricorn eyes the clock
London-listed Capricorn noted that if first oil occurs before June 30, 2024, Woodside would owe it $25 million - or $50 million.
Jadestone signals interest in transformative Woodside deal
Should the purchase move ahead, Jadestone said, it would qualify as a reverse takeover. This would trigger a suspension of Jadestone shares on AIM.
Galp focused on production “as soon as possible” in Orange Basin
Galp raised the possibility of farming down its stake and bringing in a partner. It currently has an 80% equity position.