Oil majors keep buybacks at the forefront even as profits plunge
Shell, TotalEnergies and Repsol announced combined buybacks of almost $6 billion on Thursday.
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Crondall Energy boosts headcount by 25%, opens two new offices
Engineering consultancy Crondall Energy is toasting a period of significant growth, with fresh staff and the opening of two new offices.
Morecambe Bay to run to the end of the decade as Centrica makes £2.3bn
Centrica reported earnings before tax of £2.3 billion in the first half of 2023 as it looks to delay the end date for the Morecambe Bay gas fields.
Penguins FPSO unlikely to head for North Sea before next year, says Shell CEO
Those eagerly awaiting the arrival of Shell’s (LON: SHEL) first new manned vessel in the UK for 30 years will have to wait a little longer after a delay to sailaway was confirmed.
TNPA picks shortlist for Northern Cape ammonia exports
South Africa Infrastructure Minister Sihle Zikalala highlighted the Boegoebaai green hydrogen plans earlier this year. The “hydrogen project has a potential to create an additional 35,000 work opportunities once it commences and all feasibility studies are completed”.
Iberdrola first half earnings meet estimates as hydro recovers
Spanish renewable energy giant Iberdrola reported first-half earnings that met analyst estimates, driven by the recovery of hydropower output in Spain and continued support from its generation and customer business.
Deltic axes three licences after Capricorn exit, but Cadence still on the cards
North Sea firm Deltic Energy (LON: DELT) has given up on three exploration licences after its partner decided to exit the permits.
Shell seeks Bonga drilling unit
It is aiming to award the contract and start the work somewhere between the third quarter of 2025 and the second quarter of 2026.
Montrose platform looks most likely option for Ithaca K2 discovery – analyst
According to independent estimates from advisory firm Envoi, K2 has estimated resource potential of 102 million barrels of oil equivalent.
Shell profits cut by half as oil and gas prices cool
Supermajor Shell (LON: SHEL) is the latest oil and gas producer to see its profits diminish year-on-year after the heady heights of 2022.
Softer prices take toll on TotalEnergies
In addition to these big ticket plans, the Total board approved the payment of 40% of cash flow to shareholders. The dividend increased 7.25% year on year, while another 2 billion euros was approved for buybacks.
Aberdeen firm Asco unveils new boss to take over from Peter France
The company's managing director for the UK, Mike Pettigrew, is destined for the hotseat.
Industry veteran and Apollo founder joins Aberdeen’s PDi
Aberdeen’s PDi has secured the services of industry stalwart Jonathan D’Arcy in a major coup for the subsea engineering firm.
Hot plays: Four upcoming UK North Sea exploration targets
We take a look at four North Sea exploration targets and hotspots from firms including NEO Energy, Shell, Harbour and Horizon Energy
Worker suffers ‘serious’ injuries after gas release on North Sea drilling rig
As a result the accident Norwegian contractor Island Drilling has been hit with an improvement notice.
Brent decommissioning: End of an era ‘quickly approaching’
With the Charlie platform being the only installation still in the famous Brent field, Shell’s (LON: SHEL) decommissioning construction manager says, “the end of an era is now quickly approaching".
Prosafe announces appointment of ‘unique’ new CEO
Accommodation vessel operator Prosafe (OSLO: PRS) has confirmed the appointment of a new chief executive.
Saipem continues turnaround with ‘new contracts and growth in margins’
Saipem is continuing its bounceback from the troubles of last year after the company unveiled its latest set of financials.
Eni and SLB join forces to combat pipeline leaks
Oilfield services giant SLB (NYSE: SLB) has teamed up with supermajor Eni (NYSE: E) to rollout a new technology for monitoring pipelines.
‘Clear expectation’ Rosebank will progress soon despite delays, says Equinor CFO
A senior figure at Equinor (OSLO: EQNR) says the Norwegian energy giant is expecting clarification on Rosebank in the not too distant future.
Eastern Green Link 2: Hitachi wins work on major Scotland-England grid link
Japanese conglomerate Hitachi has won work on Eastern Green Link 2 (EGL2); a major project to boost grid connection between Scotland and England.
North-east company Coretrax to create 50 new jobs
Coretrax has pressed the button for further international expansion.
Aberdeen’s PD&MS acquired by RSK Group in ‘landmark moment’
Aberdeen’s PD&MS, an engineering services company, has announced that it has been acquired by RSK Group for an undisclosed sum.
China’s CNOOC unveils new North Sea managing director
Chinese state-owned oil and gas company CNOOC (TSX: CNU) has raised the curtain on its new North Sea managing director.
Total launches Murchison Falls drilling, to NGO opposition
The NGOs raised concerns beyond drilling, though. They predicted more than 2,000 truck trips per day may take place during work.