The Health and Safety Executive (HSE) has issued an improvement notice to North Sea operator Apache over its failure to properly maintain supports to the flaring system on its Beryl hub.
OMV noted the presidential decree but said that it had written down the value of its Russian assets. As such, it expects no further impact as a result of the move.
The parent company of former North Sea operator JX Nippon disciplined three executives over the incident.
The CEO of new UK gas firm Energy Pathways (AIM: EPP) is bullish on getting its flagship project to sanction in 2024, after listing in London today.
“Longer supply lines tie up more vessels, boost freight rates, widen origin-destination spreads, and lift bunker demand,” Bank of America Global Research analysts said.
Petrofac is considering sales on non-core parts of the business as part of its bid to improve cash flow.
Kyari went on to say the company was promoting “several” FLNG schemes and was willing to take practical steps to secure them.
“This landmark LNG agreement from our ongoing Ruwais LNG project enhances Adnoc’s position as a reliable and responsible global energy provider and creates new opportunities for value-creation across our gas value chain as natural gas demand continues to increase,” said Rashid Khalfan Al Mazrouei, Adnoc senior vice president of marketing.
Shell has taken a final investment decision on “Sparta” a deepwater development in the US Gulf of Mexico.
Group will report $180m loss for 2023, despite positive news today on a $1.4bn TenneT contract win.
Offshore medevacs are meanwhile at their highest level in five years.
Citing its analysis, the letter said it was “highly unlikely” that Diversified would "have adequate funds to clean up all of its marginal wells when they should be retired”. Failing to account for costs on these wells could lead to thousands of orphaned wells.
More than 6,000 international delegates are expected to attend the 2024 subsea conference in Aberdeen.
In notes on its decision, Norway said NewMed’s investment in the licence “is not conducted in accordance with the wishes and interests of the people of Western Sahara, and because it contributes to maintain an unresolved situation for the area”.
BP is said to be preferring internal candidates as it searches for its next chief executive, following Bernard Loony’s resignation amid scandal earlier in the year.
“This development offers material commercial opportunities and adds momentum to our strategic growth story. This is not only a significant development for Mubadala Energy but a huge milestone for Indonesia’s and Southeast Asia’s energy security,” he said.
After selling-off its North Sea assets, Capricorn Energy (LON: CNE) is making a re-entry into the UK through a new deal with Waldorf Production.
The engineering firm has secured work in the UK, Europe, Brazil, South-East Asia, the Middle East and USA.
Hundreds of North Sea energy firms have failed to respond to a key survey on their diversity and inclusion (D&I) practices, raising questions about their progress and commitment.
North Sea operator EnQuest has confirmed its Thistle platform will be sent to an Aker Solutions yard in Norway for dismantling, some time from 2025 onward.
The Noble Intrepid will spend three extra months at the Judy field following a brief stint in Aberdeen's south Harbour.
Australian oil and gas explorer Finder Energy (ASX:FDR) has outlined details of its Boaz gas prospect in the Central North Sea.
Oil and gas giant BP said it will pause all shipments through the Red Sea following an escalation of attacks on merchant shipping by Houthi militants.
The three-year deal continues a strong run of orders for Petrofac in 2023, however the company still faces a range of financial pressures.
Serica Energy (LON: SQZ) has bolstered its “financial firepower” after securing a loan deal worth $525m over six years.