With growing geopolitical unrest, and headwinds in renewables, future energy policy should recognise the vital role that oil and gas will continue to play, writes Jon Fitzpatrick, founder and managing director of Gneiss Energy.
Expectations for North Sea platform electrification are high - but with the clock ticking, questions persist over the cost and feasibility of plugging in aging assets.
An analyst has given his verdict on items which may have cut Apollo’s appetite in taking over Aberdeen engineering group Wood (LON: WG) - namely growth market exposure.
“The cost of getting things done is astronomically higher for oil and gas than for the greener projects,” he said. “In the longer term it’s bullish for prices, as not enough investment is going into the areas where it should be.”
Gravitricity has selected corporate finance specialists Gneiss Energy to spearhead a £40 million funding drive.
Much has been written about the economic consequences of the Russian invasion of Ukraine, particularly as the shutdown of the Nord Stream gas pipeline has left the European market scrambling for cover in the form of liquified natural gas (LNG).
There are only six big-spend projects expected for the UK North Sea and West of Shetland in the coming years, meaning limited opportunity for big players to benefit from windfall tax offsets.
Its more than a year since Shell (LON: SHEL) said it wouldn't invest in the Cambo oilfield, but as the project approaches a green light, the firm is weighing whether to stick or sell up its stake.
2022 has been a year punctuated with historically high commodity pricing (particularly soaring gas prices in the European market), the weaponisation of the sector as a result of the murky geopolitical undertakings of President Putin, and the ensuing cost of living crisis perpetuated by rising energy costs.
When this edition of the Energy Voice supplement was published a year ago, the North Sea oil and gas industry was in the doldrums.
Scirocco Energy has triumphed over shareholders seeking a rethink on the company’s direction and its sale of its Tanzanian asset.
A permanent feature of the West of Shetland for many years, the Foinaven vessel recently left the namesake BP field for the last time.
With Serica Energy looking outside of the UK North Sea for M&A deals and Taqa deciding to hold onto its UK assets, what are the implications for the market?
Recent commodity volatility has made front-page news. As economies around the world emerge from two years of restrictions, demand is rebounding quickly, with consensus suggesting that consumption will outpace pre-pandemic levels by the end of the year.
TotalEnergies has made a “significant” discovery at the Venus 1-X well, offshore Namibia.
Shell and Namcor have announced a light oil discovery at the Graff-1, offshore Namibia.
The estimates of recoverable barrels for the CNOOC Glengorm discovery have been downgraded by analysts after a disappointing appraisal campaign.
Activist investors have grabbed headlines in recent months with calls to break up major energy players – but will this help or hinder their energy transition efforts?
The decision by Shell not to invest in the Cambo project has been deemed a “huge blow” for the UK industry and the potential for emissions-busting technology in the West of Shetland.
Shell has kicked off drilling on the Jaws prospect in the UK North Sea, aiming to hook a prize of up to 30million barrels of oil.
The Maersk Voyager has set sail for the Venus site, offshore Namibia, where it will drill perhaps the most hotly anticipated well of the year in Africa for TotalEnergies.
AIM-listed Block Energy and an activist shareholder group have become embroiled in a knockdown fight over the future of the company.
Gneiss Energy (“Gneiss”) celebrates its five-year anniversary hot off the heels of announcing its 10th transaction of 2021, representing a productive start to 2021 for the advisory firm across all of its sector teams.
Investors are being increasingly influenced by environmental, social and governance (ESG) themes, but the “hunt for value” still takes centre stage.
The West of Shetland oil and gas (WoS) basin has long been held aloft as the UK’s last great hope for indigenous oil and gas production growth.