Mozambique talks up local content in gas work
Speakers talking about Mozambique at the Energy Industries Council’s (EIC) virtual Energy Exports Conference (VEEC) were keen to stress local benefits.
Total
UKCS exploration drilling on course for record low in 2020, Westwood Global says
UK offshore exploration drilling is on course to slump this year to its lowest level since companies starting scouring the North Sea for oil in the mid-1960s.
Total strikes deal to transfer Brazil basin blocks to Petrobras
Total has reached a deal to transfer its stakes in five exploration blocks in the Foz do Amazonas Basin, offshore Brazil, to Petrobras.
Total to replace refinery with clean-fuel, plastic plants
Total SE will halt oil refining in the Paris region and spend more than 500 million euros ($582 million) by 2024 replacing its facility with renewable-fuel and bioplastic plants.
New technology lets oil workers text and talk to offshore robots
New technology will enable offshore workers to talk to and text robots working around oil and gas platforms.
Reabold eyes big payoff west of Shetland via position in Corallian
Upstream investment firm Reabold Resources has hailed a significant boost to its footprint west of Shetland through its stake in Corallian Energy.
Energy transition may ‘push’ oil majors to sell or swap $100billion of assets – Rystad
Oil majors may be "pushed" to sell or swap more than $100billion of assets due to the energy transition, according to Rystad Energy.
Five more firms to get behind new deal for UK North Sea workers
Five more energy service firms have agreed to help develop an alternative to a key UK North Sea collective bargaining agreement that is being scrapped.
BP lifts veil of secrecy on Big Oil trading profits
BP Plc offered a glimpse of the profitability of its huge and secretive trading arm, suggesting it makes annual returns of as much as $2.5 billion.
Uganda signs Total, Tanzania deals
Uganda has signed a host government agreement (HGA) with Total on the East Africa Crude Oil Pipeline (EACOP), followed by new declarations with Tanzania on the link.
Africa Oil, the exception
Few companies are paying down debt while staying bullish on exploration plans, but Africa Oil is an exception.
CHC ‘up for the challenge’ of evolving amid price pressures, boss says
North Sea helicopter bosses created some turbulence of their own last month with eyebrow-raising statements about competition and pricing pressures.
Equinor to drill on Martin Linge after uncovering dodgy wells
Equinor revealed today that several wells on the Martin Linge field, offshore Norway, had barrier “deficiencies” and could no longer be used for production.
FoE challenges UK on Mozambique LNG lending
Friends of the Earth (FoE) has issued a legal challenge to the UK government’s decision to support Mozambique LNG.
Europe could see $35bn in CCS spending till 2035, with UK dominating
It’s been a long and costly two decades of carbon capture and storage (CCS) studies and test centers. Now Europe has reached a stage where big-scale developments make financial sense and could trigger up to $35 billion in development spending until 2035 – by which time as much as 75 million tonnes of CO2 could be captured and stored per year on the continent, a Rystad Energy analysis shows.
EV Out Loud: Decom cash, a rig dash and a South African splash
Should the government stump up some of the cash it was going to pay out for decommissioning ahead of time, in order to get the ball rolling? Decom North Sea thinks so, although other opinions are available. At a time when the national debt is hitting record levels, and a number of sectors are calling for help, the government may not want to help out the oil and gas industry.
Shell to ‘compensate’ Prosafe for 10-month deferral of UK contract
Shell will "compensate" vessel accommodation owner Prosafe for a 10-month deferral of a UK North Sea contract.
Total gets down to drilling last UKCS exploration well of 2020
Westwood Global Energy reports that as of September 2 there were two exploration wells active in the UK, with one in the central North Sea and one in the northern North Sea. So far in 2020, three exploration wells have completed. There has been no appraisal drilling yet this year.
Acorn partners aim to drill new subsea well for carbon capture project
Bosses behind a north-east, emissions-busting project said carbon capture represented a “tremendous opportunity” for oil and gas skills to be transferred over to clean-energy.
Mozambique’s LNG moves and shakes
The COVID-19 pandemic has triggered one of the most volatile periods on record for energy markets, not least within the LNG industry.
Total, Macquarie to develop 2GW of floating wind in South Korea
Total and Macquarie’s Green Investment Group (GIG) will jointly develop five floating wind farms with total capacity of more than 2 gigawatts (GW) off South Korea.
Dalia FPSO passes billion-barrel milestone
The Dalia floating production, storage and offloading (FPSO) vessel has produced 1 billion barrels of oil, offshore Angola.
Total spuds as Exxon leaves
Total has spudded the Luiperd-1X well, offshore South Africa, as ExxonMobil has confirmed its exit from the state.
Work begins resuming offshore Angola
Angola is making progress on its reform plans, issuing tenders for work, while Total is moving to restart offshore drilling.
Neptune predicts ‘marginal’ rise in exploration spend as Isabella appraisal study begins
Neptune Energy said positive drilling results and further appraisal work on the Isabella discovery would lead to a “marginal” rise in exploration spend this year.