ESG uncertainty continues to disrupt industry M&A
High energy prices have revived interest in Africa’s oil and gas, but financing remains painfully hard to secure, amid ESG uncertainty.
TotalEnergies
Neptune confirms $100m Isabella appraisal investment
Neptune Energy has confirmed plans to commit $100 million (£76m) to the Isabella appraisal well later this year, as the UK’s new Energy Security Strategy sets the course for continued North Sea production.
Valaris wins $180m in contracts and extensions
Drilling rig operator Valaris has secured a series of new contracts and contract extensions worth some $181 million in backlog.
Africa Energies Summit sets out line up for May show
The Africa Energies Summit will be held in London from May 17 to 19, with the show expanding beyond oil and gas and into power.
Mozambique pre-qualifies 12 companies for 6th bid round
Instituto Nacional de Petroleo (INP) has approved 12 of the 13 companies for pre-qualification in its sixth licence round.
World’s largest reinsurer will not provide EACOP cover
Munich Re will not insure the East African Crude Oil Pipeline (EACOP), throwing up another challenge for the TotalEnergies-driven project in Uganda and Tanzania.
Eni, Equinor and TotalEnergies play it safe in Angola bids
Eni, Equinor and TotalEnergies have submitted bids for two blocks in the Lower Congo Basin, ignoring more frontier areas in the Kwanza Basin.
North Sea consortium PBS relocates to new office in Westhill
A North Sea energy services consortium has announced the relocation of its Aberdeenshire headquarters.
TotalEnergies offshoot supplies solar batteries to Pertamina
Specialist solar batteries supplied by Saft, a subsidiary of TotalEnergies, are providing power continuity for Pertamina’s GG unmanned gas wellhead platform offshore Indonesia. The platform is operated by Pertamina Hulu Energi (PHE) ONWJ, Indonesia’s state-owned oil and gas company and produces around 40,000 barrels of oil per day.
TotalEnergies to continue Russian gas purchases, despite criticism
TotalEnergies CEO Patrick Pouyanné has stood up, once more, for the company’s values – but defended the purchases of Russian LNG.
Mozambique names sixth bid round competitors
Mozambique has closed the pre-qualification section of its sixth bidding round with 13 companies submitting documents.
TotalEnergies CEO Pouyanné bags €3.9m pay package
The chairman and chief executive officer of French energy major TotalEnergies, Patrick Pouyanné, will take home more than €3.9 million following a bumper year for the supermajor.
Shell and BP may be stuck in Russia despite exit plans, says TotalEnergies CEO
UK and US oil majors such as Shell and BP may be stuck with their assets in Russia despite saying that they will leave the country to protest the invasion of Ukraine, said TotalEnergies chief executive officer Patrick Pouyanne.
UK faces £4 billion bill if government has to bail out Gazprom
UK taxpayers could face billions of pounds in costs if the government ends up nationalising a unit of Gazprom PJSC that supplies about a fifth of the country’s commercial gas.
TotalEnergies to suspend Russian work
TotalEnergies (LON:TTE) has denied charges of complicity in war crimes and signalled its determination for a “gradual suspension” of its work in Russia.
Just a few major energy firms still trade with Gazprom arm
Just a few large European energy firms are still striking deals with the trading arm of Gazprom PJSC, as companies shun Russian business in response to the war in Ukraine, according to people familiar with the matter.
‘Significant’ Isabella appraisal well on course for 2022
Neptune Energy holds course to spud the high-impact Isabella appraisal well in the UK North Sea second half of 2022.
TotalEnergies says its Myanmar exit is responsible
TotalEnergies, which on 21 January announced a rapid withdrawal from Myanmar because the situation in the country no longer allowed the French company to make a “sufficiently positive contribution”, said its exit will be “responsible.”
Tyra II accommodation module sets sail for Denmark
A new accommodation and utility module for Denmark’s Tyra field redevelopment has sailed away from Rosetti’s yard in Ravenna.
NGOs threaten legal challenge to TotalEnergies over Russia business
Greenpeace France and Amis de la Terre have warned of legal action against TotalEnergies based on its continued activity in Russia.
Firm laying key cables for Seagreen wind farm enters receivership
The firm installing a pipeline to the major Seagreen offshore wind farm off the Angus coast has been placed in receivership.
TotalEnergies hands keys for strategic Myanmar asset to PTTEP for free
Thailand’s PTT Exploration & Production (PTTEP) has confirmed it will take over operatorship of the Yadana gas field offshore Myanmar in July as TotalEnergies (LSE:TTE) walks away in a transaction with no commercial value.
Boris Johnson hosts oil and gas CEOs on ‘boosting supply’ from North Sea
Boris Johnson has hosted the leaders of the UK oil and gas industry at Downing Street to discuss how to achieve “greater energy independence” for Britain.
Chevron eyes PTTEP for Myanmar stake valued at $250m
Chevron is seeking to sell its share of the Yadana gas field to Thailand’s PTT Exploration & Production (BKK:PTTEP) as TotalEnergies gives its operated interest away for free in what appears to be a hasty retreat from Myanmar.
BP, Total and Conoco talk shop with Libya’s NOC
BP, TotalEnergies and ConocoPhillips executives have held talks with Libya’s National Oil Corp. (NOC) on the sidelines of the CERAWeek conference, in Houston.