Nigeria unnerves oil traders with sudden pricing change
Traders said the switch will make the cargoes more prone to the kind of volatility that besets wider oil markets.
Oil & Gas
Reabold banks £5m payday from Shell over Victory gas field deal
NSTA is expected to greenlight the Shell Victory project in the West of Shetland ‘within the coming months’
Deltic eyes farm-down on on Shell-partnered North Sea projects
Deltic Energy (AIM: DELT) is mulling a farm-down of its stake in a pair of Shell-operated (LON: SHEL) North Sea targets and have received “a considerable level of interest”.
More than 2,400 fossil fuel-linked delegates at COP28, analysis suggests
At least 2,456 delegates linked to fossil fuels are attending the Cop28 summit in Dubai, according to analysis of the provisional participants list.
Leading North Sea safety advocate embarks on new consulting journey
Leading North Sea offshore workplace safety advocate Steve Rae has announced the next phase of his career after finishing his role at Step Change in Safety.
Energy Act 2023 – a framework for driving net zero
The long-awaited Energy Act 2023 (the “Act”) received Royal Assent on the 26 October 2023, more than a year after the original bill was first introduced to Parliament.
Interview: Anasuria on ‘exciting’ first year as North Sea duty holder
“We’re very much still moving in through an investment phase as I see it on Anasuria over the next few years, which is really exciting."
Offshore Europe 2025: ‘Reflecting the change’ in industry
This year saw the return of Aberdeen’s flagship energy show, Offshore Europe, after four years away and there was a lot to consider when putting together the 50th-anniversary event.
First gas achieved at Harbour Energy operated Tolmount East project
First gas has been achieved at the Tolmount East project in the UK North Sea operated by Harbour Energy (LON: HBR).
AGR wins well management contract in 2024
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.
Aphrodite partners downplay development progress
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.
Developers of new UK gas project plan to float in London
A deal to takeover gas developer EnergyPathways will see the firm listed in London, with a view to bringing online the Marram gas project in the Irish Sea later this decade.
Jadestone rides East Belumut high with strong production
"The East Belumut drilling programme has proved to be very successful”, said Jadestone president and CEO Paul Blakeley.
Australia’s Origin Energy rejects private equity offer
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”.
Petrofac assessing ‘range of options’ after share price crash
Energy services giant is considering sale of “non core assets” as part of bid to improve cash flow.
What’s happening with the oil and gas skills passport?
Backed with up to £5m from the Scottish Government, the delayed skills passport is not expected until well into the new year.
2024: A lost year for North Sea FIDs?
Amid ongoing scorn over windfall taxes and a looming general election, the outlook for new project sanctions in the North Sea has remained cloudy throughout 2023.
Offshore worker uploaded intimate images of friend’s wife to porn site
Phillip Williams stole more than a dozen explicit pictures from his North Sea colleague's unattended Facebook account while on the Kittiwake platform.
Watch: Oil platform gets blown up in Norway
How to take apart an 18,000-tonne oil platform? Controlled explosives.
Dutch pension fund PMT sticks with nine oil and gas companies
One of The Netherlands’ largest pension funds said it will continue to invest in nine oil and gas companies — including Shell and BP — while dropping dozens of others.
Dolphin scraps rig contract with Nigeria’s Peak
The Norwegian drilling company flagged problems in Nigeria during its third quarter results, filed on November 28.
Norway’s new gas field highlights tensions as climate talks open
As policymakers in Dubai search for consensus on tackling climate change, the scale of the challenge is evident in the stormy waters of the North Sea, where Norway is opening another gas field.
Angola breaks with OPEC quota decision
Angola Minister of Mineral Resources, Oil and Gas Diamantino Pedro Azevedo said the decision on cuts had not been unanimous.
Orcadian agrees seven day extension with potential Pilot operator
Orcadian (AIM: ORCA) has agreed a a seven day extension with a potential operator on its P2244 licence in the Pilot field.
Prax to buy out Total from Natref refinery
“The acquisition marks another significant milestone for the Prax Group, and will create unique opportunities across the South African supply chain, meeting the needs of customers and communities for years to come.”