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.
By Legal director Maren Strandevold and partner Marton Eorsi at Addleshaw Goddard
Innovation and new technology is central to a successful energy transition, but working out who bears the financial risk posed by largely untested tech can see proposed projects fail to get off the ground.
No CO2 has been sequestered, no FID has been taken and no commercial scale projects are in operation. At the event, speakers set out their hopes for projects to reach FID by this time in 2024.
Ferries travelling to and from the Northern Isles will be able to plug into a “clean” power supply at Port of Aberdeen (PoA) following a £1 million-plus investment in new infrastructure.
Sixteen Just Stop Oil protesters have been arrested following a demonstration outside the Prime Minister's west London home calling for a halt on fossil fuel exploration in the UK.
The North Sea’s regulator said the approval of seven developments this year, worth a combined £4 billion, represented “strong votes of confidence” in the basin.
The UK Government is consulting on so-called “sustainable industry rewards” for what it hopes to be its “most impactful” Contracts for Difference (CfD) offshore wind round yet.
ScottishRenewables has written to Holyrood ministers pressing the need for a public information campaign to back ‘once-in-a-generation’ upgrades to the grid network.
“Chappal Energies is a committed Nigerian-owned energy company with the ambition to develop the assets further, contributing to the Nigerian economy for years to come.”
Safety inspectors have ordered Dana Petroleum to improve practices on its Western Isles vessel over concerns control room staff are not suitably trained to work unsupervised.
The head of global climate change talks starting in Dubai this week has strongly denied using his position to advance the United Arab Emirates’ commercial interests.
Kellas Midstream has lined up its first customer to receive blue hydrogen from the H2NorthEast project, with Statera Energy eyeing supplies for use in nearby power stations.
An exodus of workers seeking other opportunities is the “number one challenge” facing safety in North Sea decommissioning, according to the industry watchdog.
It is time developing countries take a page from the Willie Sutton play book and look to the oil industry for funding their energy transition – that’s where the money is.