Pictures: Storm Otto helicopter towed through Aberdeen after blades snap
Onlookers in Aberdeen were treated to an unusual sight this week as a helicopter, whose blades were snapped during Storm Otto, was towed through the city.
TotalEnergies
TotalEnergies safety boss among speakers at OEUK HSE conference
Offshore Energies UK (OEUK) has unveiled the line-up for its upcoming HSE conference in Aberdeen.
Tanzania approves EACOP construction as protests target financiers
"We urge Standard Bank and SMBC to reconsider their involvement in the East African Crude Oil Pipeline,” said Baraka Lenga, climate change activist based in Tanzania.
Update: New images show damage to stranded heli on Elgin platform after blades snap during Storm Otto
A helicopter has been left stranded onboard TotalEnergies’ Elgin platform after storm winds ripped off several of its rotor blades.
TechnipFMC wins Girassol life extension work
Total discovered Girassol in 1996 and began producing within five years. The field celebrated its 20-year anniversary in 2021.
Supermajors look to ‘value over volume’ as upstream capex plummets
Despite record cash generation, supermajors are investing $100bn less in upstream capex than a decade ago as low-cost, low-emissions projects take priority.
Turbine installation work paused at Scotland’s largest offshore wind farm
Work to fit the remaining turbines at Scotland’s largest offshore wind farm has paused, the developer has confirmed.
TotalEnergies puts Adani hydrogen plan on hold until audits over
French energy giant TotalEnergies put a multi-billion dollar plan to produce green hydrogen with Adani Group on hold, pending audits of the Indian conglomerate accused of fraud by a US investor.
Chevron sells Myanmar gas assets to Canada’s MTI Energy
Chevron slammed by NGO's for selling its Myanmar assets to Canada's MTI Energy in a deal seen to benefit the military junta.
Downstream props up TotalEnergies’ profit machine
The French supermajor said it expected to pay $400 million under the UK Energy Profits Levy (EPL) in the fourth quarter, bringing the full-year impact of the windfall tax to an expected $1bn.
Russian gas giant Novatek to delist in London
Novatek (LON: NVTK), Russia’s second largest gas producer, has announced plans to delist from the London Stock Exchange (LSE).
Total calls in experts to assess Mozambique LNG return
The head of Total visited Afungi industrial site, the resettlement village of Quitunda and the towns of Palma and Mocimboa da Praia. It was an attack on Palma in March 2021 that halted Mozambique LNG.
OML 130 drilling faces legal battle, threat to seize Noble rig
“Our rig is still available,” a Palmeron official said. “We believe the contract should be ours. If we do it, we would be the first local contractor in Africa to do drilling. We want the IOCs and the world to encourage us,” he continued.
TotalEnergies charts $3.1bn Adani exposure
TotalEnergies (PAR:TTE) has provided an update on its joint ventures with Adani Group, after a rout of the latter’s stock has left its financial health in question.
Upstream M&A in Southeast Asia: will the oil and gas majors divest in 2023?
Will 2023 see the majors, including ExxonMobil, Chevron, Shell, BP, ConocoPhillips, TotalEnergies, and Eni, divest upstream oil and gas assets in Southeast Asia?
Norway’s wealth fund cuts big oil holdings in profit taking move
Norway’s $1.3 trillion sovereign wealth fund took profit on the world’s biggest oil and gas companies after a run up in energy prices in 2022.
2022 best year in a decade for new global oil and gas discoveries, says WoodMac
Last year was a bumper one for the global oil and gas exploration sector as it enjoyed its strongest 12 months in more than a decade.
Qatar takes stake offshore Lebanon with Total, Eni
“Along with our partners, we are committed to drilling as soon as possible in 2023 an exploration well in Block 9, and our teams are mobilised to conduct these operations.”
Shell, Total appraisals under way off Namibia
Shell spudded the Jonker well in December. “I’m not saying anything apart from to say it is going well, it is going very well,” Shino said to applause.
Big Oil faces headwinds after record $199 billion profit haul
Exxon Mobil, Chevron, Shell, TotalEnergies and BP reaped almost $200 billion collectively last year but fears of an economic slowdown, plunging natural gas prices, cost inflation and uncertainty over China’s re-opening are dimming the outlook for 2023.
Potentially ‘over 300’ unexplored North Sea discoveries at risk due to windfall tax uncertainty
Hundreds of North Sea oil and gas discoveries could be abandoned as companies battle with uncertain headwinds.
Esgian forecasting ‘offshore wind mega-mergers’ as Big Oil splashes cash
Oil and gas companies are expected to make their “deep pockets” count this year by buying up offshore wind companies.
Saipem secures North Sea work with Equinor
Offshore contractor Saipem (MI: SPM) has bagged a deal with Equinor (OSLO: EQNR) for work on a North Sea pipeline project.
PetroSA seeks backers for Mossel Bay overhaul
PetroSA set out some particular thoughts about who it wanted to apply. Top of the list are state-backed companies from oil and gas producing states, which can access feedstock and capital.
Japan’s INPEX pursues giant CCS hub as part of clean energy future in Australia
Carbon capture and storage (CCS) will form a key plank in INPEX’s (TYO:1605) efforts to progressively decarbonise its Ichthys liquefied natural gas (LNG) operations in Australia’s Northern Territory. It will also help Japan’s biggest energy company establish the foundations for the next generation of clean fuels.