Latham said the industry admired “operators who can not only open new frontiers, but also find large volumes of advantaged resources. TotalEnergies recent efforts and discoveries have been excellent examples of both trends.”
“However, there are challenges. Nigeria is not known for short lead-times, particularly where JV projects are concerned."
Day rates for securing drilling rigs are being forecasted to rise further as the oil and gas sector continues its bounce back.
A deal makes sense for both Harbour and Talos Energy.
Analysis from consultancy Wood Mackenzie has laid bare the potential impact of Labour’s controversial opposition to new North Sea licensing.
One challenge of the project being so delayed is that the longer equipment is on site, the more it risks degrading.
Around three billion barrels oil equivalent (boe) of resources,worth a total $5 billion are on the market, in Southeast Asia.
“The combination of low fees and increasing costs mean we estimate unlevered internal rates of return (IRRs) as low as 5-6% for some projects. Based on these returns, some projects are finding it challenging to secure finance, particularly via equity raises,” said Harrison.
A lack of high quality oil and gas reserves could hamper the pace of decarbonisation as the energy transition gathers pace.
Some $24 billion is expected to be spent on subsea and offshore pipelines in Asia Pacific over the next five years, data from energy research firm Wood Mackenzie shows.
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.
Its more than a year since Shell (LON: SHEL) said it wouldn't invest in the Cambo oilfield, but as the project approaches a green light, the firm is weighing whether to stick or sell up its stake.
Wood Mackenzie looks at the impact of the latest government windfall tax policy and how this could affect the direction of the energy industry over the coming year with a full review of the sector’s fiscal system set to be undertaken.
Further North Sea oil and gas players are being tipped to up sticks next year as companies look to streamline their portfolios.
When this edition of the Energy Voice supplement was published a year ago, the North Sea oil and gas industry was in the doldrums.
Plays by Shell (LON: SHEL), TotalEnergies (LON: TTE) and Ithaca Energy (LON: ITH) are listed amongst Wood Mackenzie’s UK North Sea wells to watch.
Energy research and consultancy firm Westwood Global Energy Group has appointed a new director of hydrogen.
Priority clusters, earmarked for speedy development by the industry regulator, could deliver enough gas to meet 40% of the UK’s yearly demand.
Studies suggest that many people in Asia see diversity, equality, and inclusion (DEI), as a Western concept, shaped by Western experiences and Western values, according to PwC.
Global wind turbine orders hit 43 gigawatts (GW) in the second quarter of the year, a new record.
With some of the cheapest solar and wind costs in Asia Pacific, as well as virtually unlimited land resources, Australia has great potential to be a leading exporter of green hydrogen.
Figures from the energy industry have added their voice to mourners around the world following the death of the Queen.
Wood Mackenzie researchers say the government’s windfall tax measures are likely to wipe around 20% off the value of North Sea operators on average, with the impact largely dependent on current tax and investment status.
Russia's invasion of Ukraine has brought energy security into the spotlight and Norway is stepping up to meet demands while providing stable finances for producers and leading the way in decarbonisation.
Australian east coast energy prices skyrocketed earlier this year as a winter cold snap sent gas, coal, and electricity to record-highs, triggering price caps at A$40/Gigajoule (US$27/Million British Thermal Units), around 400% above the normal A$8-10/GJ price range.