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.
The Norwegian drilling company flagged problems in Nigeria during its third quarter results, filed on November 28.
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.
Scottish energy minister Gillian Martin officially opened a new Edinburgh HQ for floating wind venture partners Bluefloat Energy and Renantis.
Angola Minister of Mineral Resources, Oil and Gas Diamantino Pedro Azevedo said the decision on cuts had not been unanimous.
COP28 President Sultan Al Jaber will chair Altérra, while Ambassador Majid Al Suwaidi, COP28 director-general, will be CEO.
Orcadian (AIM: ORCA) has agreed a a seven day extension with a potential operator on its P2244 licence in the Pilot field.
“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.”
While algorithmic CTAs add much-needed liquidity to the market, their trading strategies can amplify daily swings to an extreme. In 2022, when CTA trading volumes rapidly expanded, New York oil futures posted a more-than $2 daily move 242 times.
As of the end of October, outstanding receivables had reached $170mn, of which $139mn was overdue.
Waldorf Production dismissed suggestions the company is for sale, outlining a rise in production and cash flow amid an ‘improving’ outlook for North Sea M&A.
Analysts have pointed to balance sheet concerns as a potential driver for Petrofac (LON: PFC) seeing its share price plummet 50% in the last month.
Former North Sea Transition Authority chief executive, Andy Samuel has joined the X-Academy as a strategic advisor.
Rishi Sunak will pledge to spend £1.6 billion on climate projects, as the British premier arrives at the COP28 summit trying to show leaders the UK remains committed to the cause after he watered down his government’s green agenda and promised to boost oil and gas exploration.
The "brilliant, skilled people" of the energy sector have been honoured at the Offshore Energies UK awards at the P&J Live in Aberdeen.
The Highland port of Ardersier has hired Neptune Infrastructure Associates, led by former Orsted exec Hamish Yates, to create an “energy transition hub”.
Ithaca Energy has completed its acquisition of Shell’s remaining 30% stake in the Cambo field, as it now looks to bring in a new venture partner ahead of investment sanction.
Reuters reported interim CEO Murray Auchincloss had privately indicated he would like to take the top job. Auchincloss was formerly BP CFO.
“The ultimate goal is to get off gas and move to hydrogen,” Lewis said. He noted that Europe’s gas demand remains uncertain in the short term.
Pict Offshore has partnered with Maersk Training to help instruct workers in the use of its Get Up Safe (GUS) transfer system at US offshore wind farms.
"This is what makes our position unique, we have the demand to make it work, so we can be one of the first movers.”
Synera Renewable Energy Group, a Taiwan-based offshore wind developer, is in talks over potential deals across Asia as it seeks to diversify beyond its home market.
iNPIPE PRODUCTS has hosted prime minister Rishi Sunak at its base in North Yorkshire as the firm looks to expand.
BP has agreed to acquire the remaining majority interest in Lightsource BP, the solar and battery storage developer it bought into in 2017.
Occidental Petroleum is in talks to buy shale driller CrownRock LP, according to the Wall Street Journal, as the consolidation wave in North America’s most prolific oil field gathers momentum.
Ashtead Technology has acquired fellow north-east energy services firm ACE Winches in a multi-million-pound deal.