By Liz Foubister, Renewables Consenting Technical Authority at Xodus
The potential for investing in the future of wind power and the associated supply chain for Orkney and the north of Scotland cannot be underestimated. I have a vested interest in this working for Orkney – having lived here for 30 years.
Redundancy proposals by the PBS contractor consortium on TotalEnergies’ North Sea assets have sparked “serious concern” amid a growing backlog of delayed maintenance work.
The Western world’s biggest oil companies likely just generated more cash than at any time since the Great Recession, and investors are about to find out what they’ll do with it.
TotalEnergies E&P UK (TEPUK) has handed in an environmental impact assessment (EIA) for proposed new drilling at the Alwyn Area – a key step en route to regulatory approval.
ExxonMobil (NYSE:XOM) is reportedly discussing acquiring stakes in some deepwater fields from state-backed India’s Oil and Natural Gas Corporation (ONGC).
TotalEnergies (LON: TTE)(NYSE: TTE) has pledged to develop its Glendronach gas discovery in a ‘low cost, low emissions way’, in line with its new strategy.
The ExxonMobil-led (NYSE:XOM) PNG LNG joint venture have taken a final investment decision on the Angore upstream development that will help backfill the export plant in Papua New Guinea (PNG).
TotalEnergies’ (LON: TTE) chief executive has hailed the opening of the company’s UK Offshore Wind Hub in Aberdeen as being “symbolic” of its new strategy.
The government of Papua New Guinea (PNG) is pushing for a bigger shareholding of the ExxonMobil-led PNG LNG export project. The latest move was triggered by the proposed merger of Santos (ASX:STO) and Oil Search (ASX:OSH), both of which hold stakes in PNG LNG.
Increasing pressure is being put on upstream operators to decarbonise their operations, from investors, the regulator and the wider public. But while North Sea energy companies are moving to cut emissions, they still have challenging assets on their hands.
The UK North Sea is likely heading for tighter supply of oil rigs as a flurry of deferred drilling contracts for next year come through, according to new analysis.
TotalEnergies (Paris:TTE)(LSE:TTE - 41p)(NYSE:TTE), has launched world’s largest fund exclusively dedicated to clean hydrogen infrastructure solutions.