Aramco cuts oil production target signalling $5bn capex cut
Citing talks with Aramco this morning, Borkhataria said projects that had reached a final investment decision (FID) would continue as planned.
Saipem’s Castorone chalks up second accident in a month
The union went on to say Saipem's Castorone would have to return to Broome and probably be down manned.
Seatrium warns of “significantly higher” loss for year
The result is that Seatrium has warned it faces “financial loss that is significantly higher than the previous year”.
Japan may open $20bn hydrogen plan applications in summer
The programme would be partly funded using proceeds from a newly created sovereign transition bond, which will be issued from next month.
UNOC takes aim at local content ahead of Saipec
“We don’t believe we are going to energy transition now, not when even countries like the UK are awarding exploration licences. At UNOC, we want to see how other countries are coping with the transition.”
Italy aims for energy bridge role between Europe and Africa
“As you can see, I wanted to talk about concrete projects and initiatives, capable of generating a significant and immediate impact in the countries in which they will be implemented" and with scope for expansion, she said.
Chariot lines up drill plans on- and offshore Morocco
Chariot said it was working with Energean on the Anchois development plan. This included negotiating offshore drilling and services for work this year.
Local sales, cost cutting and patience: Kurdistan producers hang on
“We continue to see progress,” said Genel CFO Luke Clements. “It’s painfully slow. But it’s not like we’re close and then it all blows up. It’s just small steps, but with good progress.”
Biden freezes approvals to export gas, endangering major projects
“The administration’s decision to freeze review of new LNG terminals is deeply disturbing and raises significant risks around the globe,” said Marty Durbin, president of the US Chamber of Commerce’s Global Energy Institute.
Ithaca expects Cambo approval to follow Rosebank path
"Ultimately political and regulatory processes will work through to get the right answer."
Perenco swipes left on Etinde
Bowleven CEO Eli Chahin said the termination of the deal was “unfortunate as we believed it could have represented an opportunity to accelerate development progress at Etinde”.
Kazakhstan takes aim at long-term supply boost
These initiatives make Kazakhstan one of relatively few countries in the world able to attract strong investment interest both from international oil companies and local players.
Africa Oil sets out company transformation via the Orange Basin
“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.
Harbour confident in Wintershall Dea deal despite sanction concern
Harbour will emerge with “stronger credit, we expect to reach investment grade credit on completion, which will give us access to lower-cost capital for future growth”.
Angola’s OPEC exit: a small nation’s big statement
Angola's bold move could be the harbinger of a more dynamic global order, where size does not dictate influence or relevance.
Shell’s half billion barrels in the Orange Basin
“We are making ongoing evaluations to determine the exact size of these fields and continuously improve our estimates to determine commerciality.”
Stay away from KRG producers, analyst warns investors
“We have cut all non-essential activity and significantly reduced spend, while developing a new source of income through domestic sales,” said Weir.
Singapore seeks to balance emissions and security
“While multiple technologies will play a role in Singapore's energy transition, solar energy will likely take centre stage in the near term,” said Tan.
UAE company signs up for Uganda’s refinery, as minister slates EACOP foes
“The critiques are continuing so we don’t move,” Nankabirwa said. “I’m not worried, I am just annoyed”, the minister said in reference to criticism from environmental NGOs. “Uganda is a sovereign state, you cannot dictate to us. I pray I don’t come across such people.”
Shell moves into next step of Namibia exploration
It intends to acquire 3D streamer seismic in addition to ocean bottom node (OBN) data. The latter provides “cleaner” data than that gathered by traditional seismic.
ANPG dishes out onshore licences, Afentra and Serinus picked
Afentra CEO Paul McDade said the company was committed to working in Angola. The next step involves negotiating licences with ANPG.
Wison wins double FLNG design work off Nigeria
Wison New Energies country manager in Nigeria Fan Jian said the company was “confident that our FLNG EPCIC experience will guarantee a successful and efficient delivery. We are excited about advancing to the next stage in the near future.”
Fire tied to Ukraine drones shuts Novatek Baltic Sea fuel plant
Separately, the BBC, citing an official source in Kyiv it didn’t identify, said special forces struck the plant with drones.
United faces up to loss of Egypt licence in face of default
"We are very disappointed that we could not reach agreement with United Energy Egypt to sell the Abu Sennan concession,” said United CEO Brian Larkin.
TAQA exits Iraq with ShaMaran, HKN deal
The two companies already work together on the adjacent Sarsang block, where HKN is operator. “We look forward to working together at Atrush to realise significant synergies on both blocks.”