A year of high commodity prices and record profits for oil and gas majors has many questioning what to do with all their cash - with increasing amounts returned to investors via buybacks.
Footage has emerged showing the moment powerful winds from Storm Otto ripped the blades off a North Sea helicopter.
Cepsa said the sale was intended to allow it to focus on its Positive Motion strategy. This will make Cepsa a leader in sustainable mobility, biofuels and green hydrogen in Spain and Portugal, it said.
Earlier this month, CEO and chairman Patrick Pouyanné visited Cabo Delgado and announced the appointment of a human rights rapporteur, Jean-Christophe Rufin.
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.
Offshore Energies UK (OEUK) has unveiled the line-up for its upcoming HSE conference in Aberdeen.
"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.
A helicopter has been left stranded onboard TotalEnergies’ Elgin platform after storm winds ripped off several of its rotor blades.
Total discovered Girassol in 1996 and began producing within five years. The field celebrated its 20-year anniversary in 2021.
Despite record cash generation, supermajors are investing $100bn less in upstream capex than a decade ago as low-cost, low-emissions projects take priority.
Work to fit the remaining turbines at Scotland’s largest offshore wind farm has paused, the developer has confirmed.
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 slammed by NGO's for selling its Myanmar assets to Canada's MTI Energy in a deal seen to benefit the military junta.
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.
Novatek (LON: NVTK), Russia’s second largest gas producer, has announced plans to delist from the London Stock Exchange (LSE).
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.
“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 (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.
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 $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.
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.
“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 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.
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.
Hundreds of North Sea oil and gas discoveries could be abandoned as companies battle with uncertain headwinds.