A deal struck between ExxonMobil (NYSE:XOM) and the government of Papua New Guinea (PNG) earlier this year will ensure that the Pacific Island nation will remain a major force in the global market for liquefied natural gas (LNG) for years to come, according to a report by Fitch Solutions. Significantly, the government secured “highly favourable terms.”
There was widespread disruption on several North Sea platforms on Wednesday after crew members staged unplanned walkouts.
The head of Libya’s National Oil Corp. (NOC) has highlighted the North African country’s role in meeting Europe’s energy security needs and downplayed the risks.
Two developers have secured provisional offshore wind lease areas off the US state of North Carolina, as the government accelerates its push to deploy 30 GW of offshore capacity by 2030.
TotalEnergies is in the process of securing a rig to drill up to nine development wells, and two exploration/appraisal wells on Nigeria’s OML 130, Africa Oil has said.
Industry regulator the North Sea Transition Authority (NSTA) has released a new dataset to help four North Sea operators to reduce their decommissioning costs by 50%.
French oil giant TotalEnergies (LON: TTE) has confirmed construction has kicked off on the Eolmed floating offshore wind farm.
Big companies have big plans to cut emissions and often find it easier to sell assets. Buyers may not be quite so concerned about tackling emissions, though, a report from the Environmental Defense Fund (EDF) has found.
North Sea firm Orcadian Energy has shared its electrification blueprint for axing operational oil and gas emissions by up to 80%.
A cohort of North Sea oil and gas operators will set out plans for a combined subsea decommissioning campaign this week, as part of efficiency efforts led by the North Sea Transition Authority (NSTA).
Operators are cracking on with decommissioning with numerous wells in line to be plugged and abandoned (P&A) in the coming months, particularly West of Shetland.
France’s TotalEnergies (LSE:TTE) and Japan’s ENEOS are set to develop $2 billion worth of distributed generation assets across Asia following a recent deal to establish a joint venture that will sell power from solar.
After a decade of languishing in the doldrums, the US offshore wind industry is picking up steam as it races to meet new installation targets set by the Biden administration.
Malaysia’s Petronas and Thailand’s PTT Exploration & Production (PTTEP) have announced they will exit the Yetagun gas project offshore Myanmar as they rationalise their upstream portfolios. Neither company denounced the military-led coup in their exit statements.
A new wave of oil platforms is sweeping into the US Gulf of Mexico as crude prices are riding historic levels and demand for barrels is higher than ever.
French oil major TotalEnergies plans to use part of its cash bonanza generated from surging hydrocarbon prices to speed up investment in liquefied natural gas (LNG) projects and renewables.
TotalEnergies will put up for sale its minority stake in a Nigerian oil joint venture, joining the exodus of supermajors from onshore fields in Africa’s largest crude producer.
There are concerns that the rest of the world could again reap the lion’s share of the benefits from Scotland’s renewables boom.
TotalEnergies took a $4.1 billion write-down on its flagship Russian gas project and indicated that it may belatedly join its peers in pulling back from the country two months after the invasion of Ukraine.
Thailand’s PTT Exploration & Production (PTTEP) is now the official operator of the G1/61 project, which covers the Erawan, Platong, Satun and Funan fields, as well as the G2/61 project, covering the Bongkot field. PTTEP (BKK:PTTEP) said it is ready to boost natural gas production to increase energy security despite being denied prior access to Erawan due to an unresolved dispute with the former operator.
Namibia aims to reach production from its Venus and Graff discoveries by 2028, Immanuel Mulunga, managing director of Namcor has said.
Namibia has leapt to the forefront of exploration thinking with the Venus and Graff discoveries earlier this year, but there are opportunities beyond TotalEnergies and Shell.
KBR has won a seven-year contract to provide general maintenance services (GMS) to the Satorp complex in Saudi Arabia.
It is currently unclear whether the construction of Scotland's largest offshore wind farm will be hampered while the Saipem 7000 is assessed.
TotalEnergies is toasting the successful completion of its installation campaign of Tyra II in the Danish North Sea.