Germany paves way for major expansion of gas power plants
The plan requires developers to upgrade stations to burn hydrogen sometime between 2035 and 2040
Oil & Gas
Castorone off Scarborough work for at least a month
Saipem’s initial assessment attributed the problem to a software anomaly. This appeared to have led to a tensioner failing.
OPITO names Stephen Marcos Jones as new CEO
OPITO has announced that Stephen Marcos Jones will become its new chief executive when he joins the not-for-profit skills organisation in “late March.”
Serica moves closer to Buchan stake approval
Serica Energy expects its acquisition of a 30% stake in the Buchan redevelopment to materialise this month, soon after the field’s environmental statement was submitted to the regulator.
Equinor’s Bay du Nord project passes 1bn barrels of reserves
An Equinor representative confirmed to Energy Voice the company was “now in the market again with concept and feasibility studies related to the Bay du Nord development project”.
Shell signs rig contract with Valaris for Selene and Pensacola wells
Shell has confirmed a drilling contract for the Valaris 123 jackup rig for the Selene exploration well and Pensacola appraisal well.
Big oil’s optimism faces reality check in tech-obsessed market
Exxon Mobil Corp. (NYSE:XOM) and Chevron Corp. (NYSE:CVX) are generating returns not seen since their heyday over a decade ago, with $58.7 billion handed to shareholders last year and more to come in 2024, even if crude prices drop. And yet, they’re struggling to compete in a stock market beholden to Silicon Valley.
Well-Safe selects Interventek Technology to enhance efficiency of global decommissioning operations
Aberdeen-based subsea technology specialist, Interventek, has been appointed to supply a newly developed compact and lightweight Bore Selector technology to Well-Safe Solutions, to enhance the efficiency of global well decommissioning operations.
UK underwater sector ready to navigate the ‘Blue Frontier’ at Subsea Expo 2024
The challenges and opportunities facing the global subsea sector are being likened to space exploration as companies push the boundaries of what's possible in Earth's final, 'blue' frontier.
Share Fair key to helping UK Supply Chain to deliver a home-grown energy transition
This year started with worrying news about the UK’s industrial capability. In January alone, the proposed closure of the Grangemouth refinery hit the headlines again and at Port Talbot’s steelworks around 3,000 people are set to lose their jobs.
Climate activists in Norway claimed victory in a court battle over North Sea oil fields. Will the UK be next?
After a court in Norway ruled in favour of climate activists over North Sea oil field downstream emissions, will UK courts follow suit?
Global set for new start under the “Dan and Cecilia” team
“The access to capital is no problem for anybody that understands how to present the asset. And that's what we do. We know how to present the opportunities in the right language.”
North Sea operators outline plans for new exploration licence offers
17 companies scooped licence offers in the latest tranche of awards as part of the 33rd round, with plans for some prospects already in the works.
Confirmed: BP names Kate Thomson CFO as she joins the board
UK-based supermajor, BP (LON: BP), has named Kate Thomson its new chief financial officer as it welcomes her to its board.
Exxon, Chevron surpass forecasts as shale drilling lifts output
Exxon Mobil Corp. (NYSE:XOM) and Chevron Corp. (NYSE:CVX) surpassed earnings forecasts as bigger-than-expected oil output from shale fields helped cushion the blow from weakening crude prices.
Meet the canine crew ready to bring a pawsitive experience to Aberdeen’s heliports
Naso and Dorothy were at the departures lounge greeting delayed passengers.
Exiting Egypt, United’s Larkin eyes a return to deal making
“The first target has an NPV of $4bn, for a $30mn well. We know it’s frontier exploration and the chance of success is maybe 20%, but it stands up.”
Devil’s Hole Horst well suspected to be dry in blow to UK exploration
Well Slot: Devil’s Hole Horst well suspected to have come up dry as NEO Energy spuds Leverett appraisal well.
Greta Thunberg stands trial over London oil conference protest arrest
Climate campaigner Greta Thunberg was accused of breaking public protest laws on the first day of a London trial after she was arrested while blockading an oil and gas conference last year.
Eni boss talks shop with Equatorial Guinea VP
The statement went on to say Descalzi planned to visit Malabo in the near future to present agricultural and energy projects.
Pathfinder: TAQA to put major Brae Alpha decom contract out to tender
Firm then plans to put the Harding removal contract out in September.
Savannah clocks another South Sudan extension
However, Savannah said it is still making progress on the various parts of the deal. These include “in-country approvals”, which are required to complete the deal for Petronas’ assets.
Norway’s carbon capture scheme boosted by Germany’s change of heart
A Norwegian project to bury carbon under the seas is getting backing from Germany
Serica Energy announces departure of chief executive Mitch Flegg
Serica Energy (LON:SQZ) has announced its chief executive officer Mitch Flegg will leave the company after six years at the helm.
Shell maintains pace of buybacks as Q4 profit beats estimates
Shell Plc (LON:SHEL) maintained the pace of its share buybacks after a strong performance from its gas traders offset the impact of lower commodity prices in Q4.