“During the generator testing, numerous safety devices appear to have been deliberately overridden by Jadestone, including heat detectors, flame detectors, and smoke detectors,” the OA said. No alarms went off because of the overridden sensors.
The official said overhauling the gas-to-liquids (GTL) plant was one of the “critical components of PetroSA’s turnaround strategy”.
With many of the best production sites already tapped, companies flush with cash from the post-pandemic run-up in oil prices are increasingly buying rivals to secure new places to drill.
“We farmed out an interest to Afren and so we are delighted with what is a most positive and significant development and we look forward to working with our partner Octant in realising Tanga’s significant potential.”
Forrest said hydrocarbon executives at COP28 talking up production “must think you have blood on your hands”. The Fortescue head was talking on Perth’s 6PR station.
"The market is shifting. The contractor side is gaining bargaining power, the clients in my world are stepping back and negotiating with contractors who are just saying no. A line has been crossed.”
Trafigura’s effective tax rate dropped to just 8%, from 12% a year earlier, which Salmon said reflected “a one-off benefit from the recognition of historic tax losses and higher earnings in lower taxation jurisdictions.”
“We are very focused on resolving all investment-related issues. There is no bottleneck that is too difficult for us to remove”, the president said. “We need each other … we want you to do more.”
“Malaysia holds a prominent position within our strategic investment areas and proves successful oil and gas discoveries in offshore areas continuously,” said PTTEP CEO Montri Rawanchaikul.
Maurel CEO Olivier de Langavant welcomed the “partnership with TPDC that will reinforce the basis for the mutual benefit of the next phase of development at Mnazi Bay”.
“It’s been a long time, for me, it’s been 12 years in the making from the first time we looked at the acreage,” managing director Scott Macmillan explained to Energy Voice. “We had a couple of difficulties at Mukuyu-2 but we finally got there.”
The president has given companies operating in Essequibo three months to withdraw. ExxonMobil's Stabroek block is at least partly within the Essequibo marine territory.
Energean CEO Mathios Rigas described the deal as “an exciting step in the next stage of our development, one that can only enhance our position as the pre-eminent independent natural gas producer listed in London”.
Now that rates are rising, Middle Eastern demand is slowing – but Southeast Asia has been touted as the next step.
“For the first time, the Federal Criminal Court is called upon to judge the criminal liability of a company for bribery of foreign public officials,” the OAG said.
“The process is open and will involve investors from all over the world interested in the development of wind energy. This new country project will position Colombia as a benchmark in the generation of renewable energy in the region, and will strengthen national energy security,” said Camacho.
“I don't know anyone who thought this transition would be quick and easy, right? I mean, we're talking about the transformation of global energy systems on a massive scale. We've never done this before and we have to get moving quickly,” Cahill explained.
Traders said the switch will make the cargoes more prone to the kind of volatility that besets wider oil markets.
"This project is a significant scale-up for our technology and the integration of seawater can play a key role in helping us deploy our technology sustainably around the world,” said 44.01 founder and CEO Talal Hasan.
Masdar head Al Ramahi said the Kyrgyzstan agreement marked a “new chapter for Masdar in our clean energy journey … we are glad to have the opportunity to bring the energy, passion and focus to hydropower that we have utilised for so many other renewable energy sources”.
He said the well had been a long time coming. It is in the “the southern part of the MSGBC basin with significant hydrocarbon potential. We hope this project will contribute to developing our future cooperation with ABL Group,” Alhomouz said.
NewMed Energy, which has a 30% stake in the project, also took a more measured tone. The company said Chevron had asked to postpone the start of front-end engineering and design (FEED) work on Aphrodite.
"The East Belumut drilling programme has proved to be very successful”, said Jadestone president and CEO Paul Blakeley.
A representative for AustralianSuper told local media that Origin’s value was “better in the hands of members and other shareholders rather than a private equity consortium seeking to make a quick return based on the proposed scheme terms and we are pleased that this is the outcome”.
Solutions to some of these challenges are being developed and, in some cases, can be found in the smarter use of existing equipment and methodologies.
