Waldorf Production eyes North Sea sale after windfall tax dents growth
Waldorf Production is considering a potential sale, people with knowledge of the matter said, having seen its growth ambitions crimped by a UK levy on energy profits.
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Invictus spuds hotly tipped Mukuyu follow up
Success at Mukuyu-2 could be transformational for Invictus, Zimbabwe and Southern Africa, he said.
Chevron and unions near deal to end LNG strike, regulator says
Chevron (NYSE: CVX) and unions are close to a deal to end strikes at LNG export plants in Australia that have roiled global markets, with the nation’s regulator proposing an agreement to bridge the remaining issues.
TotalEnergies to invest $300 million in Adani green projects
It's the first public deal between TotalEnergies and Gautam Adani since a short-seller leveled fraud allegations against the Indian billionaire’s business empire.
Cable failure top cause of offshore wind insurance claims, warns Allianz
Cable failure is costing millions per case, while larger turbines mean larger risks for insurers.
Captain electrification: Grid connection is ‘biggest challenge’ says Ithaca
Proximity to shore playing in favour of project to cut 100,000 tonnes of CO2 per year.
Reuters hosts Energy Transition Europe 2023 in London
The role of key energy players and decarbonization pathways to cut carbon emissions will be the focus at Energy Transition Europe 2023, Reuters Events announced today.
Harbour Energy completes drilling at Tolmount East site
Harbour Energy (LON: HBR) has completed drilling of the Tolmount East project ahead of first gas expected later this year.
The power of shared data: Why we are building a Virtual Energy System
ESO's Head of Digital Transformation and Innovation Strategy, Carolina Tortora, says Virtual Energy System 'will serve as a vessel for every element of the British energy industry to publish its data onto a decentralised system.'
ONHYM, IN-VR to host the 3rd Morocco Oil & Gas Summit
Participants will be available to meet during dedicated 1:1 meetings with ONHYM and the country’s biggest Project owners, as the event has been tailored to host two full days of non-stop networking for E&P leaders to meet with Moroccan and African players in Marrakech.
M&A on the rise, Bracewell finds, despite financing squeeze
“Africa is now for African banks and the Middle East is for Middle Eastern banks. The North Sea is the exception, where there is still an active international bank lending market, although with a reduced number of players lending.”
Shell suffers unit outage at Europe’s biggest refinery
Shell (LON:SHEL) has been forced to halt a unit at Europe’s biggest oil refinery, potentially curbing supply of diesel in a tight market.
More than 100 Angus workers move to new firm after Baker Hughes sale
The oil and gas company has stressed it remains committed to Montrose despite the move, which it said was taken after an “extensive review”.
Businesses lambast ‘historic mistake’ as Sunak confirms net-zero policy slide
Jobs, investment and confidence are all at risk, warned a plethora of industry bodies and campaign groups.
Longboat confirms non-commercial find at Velocette
Longboat Energy announced that the Velocette exploration well has failed to find commercial resources, but tipped “significant” follow-on opportunities.
Namibia: Shell and TotalEnergies giant oil discovery threatens resource curse
It’s touted by some as possibly the world’s biggest-ever deep-water oil find.
Sunak plans roll back on green energy policies
UK Prime Minister Rishi Sunak said he would roll back some green energy policies while sustaining the country’s long-term carbon emission reduction target, a move that sparked a backlash among Tory MPs and created uncertainty for industry.
‘Lack of opportunity’ in UK sees Serica eye Norway re-entry
Serica Energy is in discussions over several deals in Norway and Europe, as CEO Mitch Flegg lamented a “lack of opportunity” in the North Sea as a result of the windfall tax.
Shell reveals £10m price tag for demolition of former Aberdeen HQ
The demolition of the huge former Shell HQ in Aberdeen is estimated to cost £10 million.
Afentra’s McDade praises Angola’s oil industry embrace
“We’re confident we can complete by year end. We’ve been through it with the INA deal and hopefully we can be more efficient this time around,” he said.
Video: The search for BP’s CEO, who’s in the running?
It has been over a week since BP (LON:BP) saw its chief executive Bernard Looney step down and the firm is now on the hunt for his replacement.
Xodus sets its sights on offshore wind frontiers
Having helped global developers win acreage in some of the most significant offshore wind tenders, a new Xodus Group business line is turning its attention to new frontiers.
Dozens of Petrofac workers to strike on Ithaca assets after ‘clawback’ offer rejected
Around 85 Petrofac (LON: PFC) workers will strike for six days after rejecting a pay deal the union claimed would amount to a £6,000 pay cut.
Scotwind project developers float £12m of supply chain work
The developers of the Muir Mhòr floating wind project have opened a new supply chain portal, inviting potential suppliers to bid for over £12m in contracts.
Jadestone builds confidence at Montara and looks ahead
Jadestone CEO and president Paul Blakeley said Montara had been a “real problem”. The defect in July occurred in a tank that had already been inspected, he explained to Energy Voice.