Thailand’s state-backed upstream player PTT Exploration & Production (PTTEP) said Monday that its $2.45 billion deal to buy a 20% stake in one of Oman’s strategic gas fields from UK major BP will pave the way for future investments in the Middle East.
The apparent overthrow of the Aung San Suu Kyi administration by the Myanmar military threatens more than $1 billion of potential upstream investment in the Southeast Asian nation.
This November, the world’s heads of state, climate experts and campaigners are expected to come together in Glasgow for the COP26 summit to discuss action to accelerate towards the goals of the Paris Agreement. Hosted by the UK this latest United Nations Climate Change conference will be a pivotal moment in history and comes at a time when the world faces the twin existential crises of climate change and the coronavirus pandemic.
A Greenpeace investigation has named the five worst firms for flaring and venting in the UK North Sea, emitting nearly 20million tonnes of CO2 equivalent between 2015-2019.
West of Shetland operators are working with “serious intent” to get huge new oil projects “to a net zero outcome”, according to the head of a major clean energy scheme on the islands.
Plexus CEO Ben van Bilderbeek is weighing fundraising options to “extend the runway” for the business, which has been faced with years of losses but may now be on the verge of success.
French giant Total has become the latest oil company to suffer a serious outbreak of Covid-19 on one of its UK North Sea facilities.
Now that Biden has committed to shifting from fossil fuels, the incoming chairman of the Securities and Exchange Commission, Gary Gensler, must decide whether Big Oil are exempt from basic principles of shareholder democracy.
Catering firm Aramark has landed a five-year contract award with Total across several of its UK North Sea assets.
S&P Global Ratings has downgraded its outlook for a number of energy majors, driven by concerns around the energy transition and pressure on profitability.
Total SE has had the fastest start in the race between oil supermajors to achieve net zero carbon emissions.
North Sea helicopter operator CHC has bagged a contract to provide services for three offshore wind farms, including two in Scotland.
After a truly challenging 2020, hopefully 2021 will offer something to look forward to.
Total has bought 20% of solar developer Adani Green Energy (AGEL) from Adani Group, India’s leading infrastructure platform.
French energy giant Total has confirmed the award to Maersk Drilling of contracts worth $100 million for its exploration and appraisal campaign in Suriname's Block 58.
Total has opted not to continue being a member of the American Petroleum Institute (API), expressing differences of opinion over climate change.
Babcock bosses have continued to hit out at its oil and gas helicopter business, saying “weakness” persisted through the third quarter.
A joint venture involving French oil major Total is planning to develop a dozen solar and energy storage projects in the U.S., including five in Texas.
Total and Apache have announced a fourth discovery at Block 58, offshore Suriname.
Uganda goes to the polls today in an election that is likely to see President Yoweri Museveni returned for a sixth term.
Energy firms Total and Engie have agreed to build and operate France's largest renewable hydrogen production site.
Industrial services giant Altrad has signed two long-term contracts with a major oil refinery on the east coast of England, worth an estimated £30 million.
An oil and gas market researcher has highlighted a UK North Sea exploration well expected to be drilled this year by Shell as “one to watch”.
Strohm has secured a contract with Total and ExxonMobil to trial high pressure, high temperature thermoplastic composite pipe (TCP).
Europe’s oil and gas majors could access a wide pool of investors and “unlock value” by spinning off their renewables assets in initial public offerings (IPOs).