Sasol cited over Mozambique costs
A Mozambique audit has raised concerns about upstream companies misstating recoverable costs, highlighting South Africa’s Sasol in particular.
Total
Highland and Grampian offshore wind boom could create ‘pipeline of work for 50 years’
An expected £8billion offshore wind boom promises the Highlands a “once-in-a-generation opportunity that could transform the region,” it was predicted yesterday.
‘Massive move’ to embrace CCUS by North Sea supply chain firms, Neccus boss says
A “massive move” is underway to embrace the carbon capture, usage and storage (CCUS) sector by North Sea supply chain firms, according to the boss of a new industry and government alliance.
Petrofac gets nod for Acorn carbon capture and hydrogen project
A north-east carbon capture and hydrogen production project has reached key milestone with the appointment of a major contractor.
Total UK gains improvement certification thanks to North Sea energy efficiency work
French energy giant Total UK has become the first oil and gas major to receive an energy efficiency certification thanks to its work in the North Sea.
Further blow for BiFab as Chinese firms to fulfil multi-million Seagreen jackets contract
Troubled Scottish manufacturing firm Burntisland Fabrication (BiFab) is facing renewed survival woes as two Chinese firms look set to fulfil the lion’s share of a multi-million pound North Sea wind farm contract.
UAE firm wins multi-million jacket contract for mammoth Seagreen offshore wind project
United Arab Emirates-based firm Lamprell has been announced as one of the contract winners to manufacture jackets for a mammoth Scottish offshore wind development.
Eni’s Rovuma drilling disrupted
Coronavirus and the sudden drop in oil prices has led to some measure of disruption in Mozambique, local regulator Instituto Nacional de Petroleo (INP) has said, although there should be no long-term impact.
Total snaps up majority stake in giant Scottish wind farm project
French energy giant Total has announced the purchase of a majority stake in a giant Scottish wind farm project.
BiFab to miss out on ‘significant’ contract as giant Scottish wind project changes hands
Scottish manufacturing firm Burntisland Fabrication (BiFab) is likely to miss out on the bulk of the work for a North Sea wind farm project, which has changed hands in a multi-million pound deal.
Total celebrates one billion barrels from Elgin-Franklin
Energy giant Total has reached the one billion-barrel milestone at its Elgin-Franklin complex, surpassing original estimates from when it started up nearly 20 years ago.
Major blow as Total vacates Moorfield Hotel
Nearly 50 jobs are on the line at a hotel in Shetland after French energy giant Total decided not to extend its seven-year accommodation contract.
Pandemic drives oil reserves up for sale to 12.5billion barrels – Rystad
The Covid-19 pandemic has increased the number of oil and gas assets being put up for sale globally past 12.5billion barrels in reserves, according to new analysis.
China eyes African opportunities
Amidst the oil price crash crisis and the pressure on companies, opportunities are emerging for those with resources.
ANPG warns of pandemic impact on licence round
Angola’s Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG) has released details on new blocks available for bidding this year but warned there may be delays as a result of the coronavirus pandemic.
CNOOC opts out of Uganda pre-emption
CNOOC Uganda will not pre-empt the sale of Tullow Oil’s stake in Lake Albert to Total.
Mozambique’s gas hub future
The LNG industry in Mozambique will have a transformative impact on the country’s economy – and establish it as a regional gas hub, participants on an Africa Oil Week webinar have said.
Oil CEOs write open letter saying pandemic ‘sharpens focus’ on climate goals
The chief executives of 12 major oil and gas firms have written an open letter saying the Covid-19 pandemic won't delay climate action but has instead "sharpened" the focus on it.
Oil anchored in mid-$30s while US-China tensions rise
Oil was anchored near $33 a barrel as an escalating war of words between the U.S. and China added to caution over the prospects for a global recovery in demand.
UK North Sea to dominate global decommissioning spend over next five years
The UK is poised to lead the way as operators increase spending on North Sea decommissioning work amid low oil prices, according to a new report.
Cut your deal according to your cloth
Innovation will be increasingly important to companies trying to do deals in the North Sea once prices start to rebound, CMS’ managing partner in Aberdeen, Norman Wisely, has said.
Neo in revised deal for Total UK North Sea package as Petrogas exits
Omani firm Petrogas has withdrawn from a deal to buy a package of UK North Sea assets from Total, clearing the way for partner Neo Energy to complete the transaction.
QP enters Cote d’Ivoire with Total deal
Qatar Petroleum (QP) has signed farm-in agreements with Total on two blocks offshore Cote d’Ivoire.
Total ditches Ghana purchase
Total has scrapped plans to buy assets that had belonged to Anadarko Petroleum in Ghana.
Green light from Equinor, Shell and Total for major CCS scheme
Oil majors Equinor, Shell and Total have committed to investing in a carbon capture and storage (CCS) project in Norway.