BP has agreed to buy rival giant Shell's 27% stake in the Browse joint venture, expanding its holding in Australia's largest untapped gas resource in a move that could improve the development prospects for the long-stalled project.The Browse project…
SFL Corporation Ltd. has signed a $50 million contract with a subsidiary of Portugal's Galp Energia to deploy the harsh environment semi-submersible rig Hercules in Namibia.The contract is for two wells plus optional well testing and is expected to start in the fourth quarter of 2023…
Exxon Mobil Corp has pushed back against investors pressing the largest U.S. oil producer to report on the risks to its business from restrictions on greenhouse gas emissions and potential environmental disasters. In a reply on Wednesday to proxy advisor Glass Lewis…
Twelve companies were awarded a total of 20 licenses to develop carbon dioxide (CO2) storage offshore, in Britain's first licensing round for such projects, the North Sea Transition Authority (NSTA) said on Thursday.Britain aims to use carbon capture and storage (CCS) technology…
The US National Ocean Industries Association (NOIA) has released a study on global oil production emissions that finds that the greenhouse gas intensity of US oil production, particularly in the U.S. Gulf of Mexico, is significantly lower than most other regions around the world…
BP is ramping up oil exploration and drilling activity in frontier prospects as the energy giant tries to stem a decline in its oil and gas output after years of focusing on a shift to renewables to cut carbon emissions. The move comes as companies…
Norway's plan to nationalize gas pipelines owned by the Gassled company also includes an additional goal to take over other assets, including at the Nyhamna processing plant, a letter from the Norwegian energy ministry to the owners showed. In a surprise move…
The Kremlin on Tuesday called for the investigation into the blasts of Russia-designed Nord Stream gas pipelines to be speeded up and any results to be published. In September 2022, several unexplained underwater explosions ruptured the Nord…
Suriname's state-owned oil company Staatsolie said on Monday it has signed production sharing contracts for two offshore blocks with France's TotalEnergies and Qatar's QatarEnergy. Under the joint operating agreements signed with TotalEnergies and QatarEnergy for blocks 6 and 8…
Vietnam's plan to quadruple by 2030 its gas processing capacity, turning it into its first source of energy, marks a big bet on imported liquefied natural gas (LNG) and its reserves in the South China Sea, despite supply and geopolitical risks…
QatarEnergy has awarded Technip Energies-led joint venture with Consolidated Contractors Company (CCC), a $10 billion engineering, procurement, construction, and commissioning contract for the onshore facilities of the North Field South Project (NFS)…
Danish renewables firm Ørsted has signed a CO2 Transport and Services Agreement (TSA) with the Norwegian Northern Lights joint venture to store 430,000 tonnes of biogenic CO2 emissions per year from two power plants in Denmark.'This agreement…
After nearly a century, oil output in the U.S. Gulf of Mexico is heading towards its peak with new platforms providing a last hurrah as the region becomes a hot spot for burying greenhouse gases.Some companies, including Exxon Mobil Corp, have been dumping assets in the Gulf…
Crown Energy said Thursday it would withdraw from the joint venture operating the Block 2B offshore South Africa after disappointing results of the Gazania-1 exploration well drilled in 2022.The Gazania-1 well was spudded in October 2022, using the Island Innovator semi-submersible drilling…
The CEO of Italian oil and gas company Eni, Claudio Descalzi, has said he does not expect any 'big shocks' on the energy markets this year.'European gas storages are full and, although the global economy has restarted, demand is not at its highest because China has not yet resumed full operations…
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