WoodMac names five UK North Sea wells to watch for 2023, with potential play-openers included
Plays by Shell (LON: SHEL), TotalEnergies (LON: TTE) and Ithaca Energy (LON: ITH) are listed amongst Wood Mackenzie’s UK North Sea wells to watch.
Shell
Shell Penguins FPSO finally set to leave China for North Sea
The Shell (LON: SHEL) Penguins FPSO – the oil giant’s first new manned vessel in UK waters for 30 years – is finally due to head to the North Sea.
The Magnificent Seven: North Sea project paperwork still awaiting govt sign off
A host of North Sea environmental statements (ES), lodged between April and August, are still to be rubber stamped, with some expected to receive sign off before the year is out.
Petronas gives investment approval for giant CCS project in Malaysia
Petronas has taken a final investment decision (FID) for the development of its giant Kasawari carbon capture and storage (CCS) project offshore Sarawak in Malaysia. Significantly, it will be one of the first large scale CCS schemes in Southeast Asia and takes Malaysia closer to its goal of becoming a regional hub for carbon storage solutions.
Shell buys Nature Energy in $2 Billion push into biogas
Shell (LON: SHEL) will buy Nature Energy Biogas A/S from hedge fund Davidson Kempner Capital Management for nearly $2 billion as the oil major expands its transition from fossil fuels.
Shell launches sale of stakes in a group of UK North Sea oilfields
Shell (LON: SHEL) has launched the sale of its stakes in a group of oilfields in the UK North Sea, according to marketing materials.
Drilling underway at hotly anticipated Shell, Deltic gas prospect
Drilling operations have begun at an eagerly awaited gas prospect that could open up part of the Southern North Sea.
Surge in energy stock helps push FTSE 100 to two-month high
The FTSE 100 has jumped to a more than two-month high despite a new Organisation for Economic Co-operation and Development (OECD) report casting an unmissable shadow over the UK's economic prosperity.
Shell set to explore Philippines offshore wind potential
Shell (LON:SHEL) is partnering with local renewable energy company Alternergy Holdings to jointly explore the frontier offshore wind market potential in the Philippines.
Windfall Tax: £200bn of investment ‘at risk’ says North Sea trade body
More than £200 billion of UK energy investments, including low carbon solutions, are “at risk” due to the windfall tax, the North Sea trade body has warned.
Norway to develop gas find in bid to keep up European flows
Norway will add a new natural gas field in the Norwegian Sea from 2026 in a push to bolster supplies to continental Europe as the EU rushes to replace Russian flows.
Reports: Oil giant Shell to review £25bn of spend after windfall tax hike
Supermajor Shell (LON: SHEL) is to review as much as £25 billion of UK investments following the government’s decision to ramp up the windfall tax.
Windfall Tax: Ithaca to benefit, EnQuest and Neptune to feel the pinch
Ithaca Energy (LON: ITH) will benefit from recent changes to the windfall tax, but rivals Neptune Energy and EnQuest (LON: ENQ) will be harder hit, according to new research.
Japan’s Mitsui on the hunt for carbon storage in Asia Pacific
Japanese trading house Mitsui is seeking carbon storage sites across Asia Pacific as it aims to sequester 15 million tonnes per year by 2035 for companies in Japan.
‘Very exciting times’: Crucial Shell and Deltic exploration well ‘imminent’
A key exploration well from Shell (LON: SHEL) and Deltic (LON: DELT), which could open up a dozen other licences in the Southern North Sea, is “imminent”.
Harbour Energy ‘deeply disapointed’ revised windfall tax will stay if oil prices fall
Harbour Energy (LON: HBR) has struck out at Jeremy Hunt's new Budget, saying that the decision to keep windfall tax if commodity rates return to normal levels is "deeply disappointing".
Subsea 7 ‘90% complete’ on Shell Penguins contract
Subsea 7 (OL: SUBC) has indicated it is nearly complete on its UK contract for the Shell Penguins project.
Shell sponsors “no rules” bitcoin event
Shell’s lubricants arm has agreed to sponsor a Miami Beach Bitcoin conference in 2023 and 2024, with the event getting into trouble in the past for failing to prevent harassment of women.
Petronas and ExxonMobil show interest in Shell’s Masela LNG divestment
Malaysia’s Petronas is the latest company tipped to be interested in acquiring a stake in the proposed Abadi liquefied natural gas (LNG) project in the Masela Block offshore Indonesia that is led by Japan’s Inpex (TYO:1605)
Shell boss on ‘pioneering’ efforts needed to decarbonise North Sea
Installing North Sea assets was once compared to the technical challenge of the moon landings - and a Shell boss has said industry efforts need to go even further when it comes to decarbonisation.
Aberdeen students set to display at AREG confrence today
ProtoTAU, Aberdeen University's Shell Eco-Marathon team are set to attend Aberdeen Renewable Energy Group's (AREG) Energy Futures Conference today.
Just Stop Oil supporters arrested in Aberdeen following protests
Just Stop Oil has covered Aberdeen's Silver Fin building in orange paint in a sign of "solidarity" with fellow activist group, Extinction Rebellion.
NSTA opens another investigation as North Sea operator suspected of licence breach
Yet another investigation has been launched into UK oil and gas firms' activities, as the North Sea Transition Authority (NSTA) opens a probe into a suspected breach of licence conditions.
Egypt inks seven decarbonisation MoUs, including Idku flare study
Egypt has struck a number of agreements with energy companies around sustainability and reducing emissions, including at the Idku liquefaction plant.
Mossmorran man fears ‘harm will still be done’ despite flaring changes at plant
Plans to stop burning gas high in the sky above Mossmorran are little more than a public relations exercise, according to a community councillor living nearby.