The biggest single pipeline carrying Russian gas to Germany started annual maintenance on Monday, with flows expected to stop for ten days, but governments, markets, and companies are worried the shutdown might be extended due to war in Ukraine…
Resource-poor Japan is facing a historic energy security risk as tensions with Moscow intensify, heightening the threat of gas supply disruptions at a time when global supply is tight and spot prices are sky-high.Last week, Russia seized full…
Schlumberger NV SLB.N on Friday raised its annual revenue forecast after beating analysts' second-quarter earnings expectations, buoyed by higher demand for its oilfield services and equipment.The company has benefited from a boost in activity driven by stronger oil and gas prices…
Shell's Edinburgh exploration well (30/14a-5) drilled in offshore UK license P255 has failed to encounter commercial quantities of hydrocarbons and is being plugged and abandoned.The news was shared by DNO, the Norwegian oil and gas company…
U.S. oil and gas dealmaking fell to $12 billion last quarter, down from the first quarter and nearly a third of the $34.8 billion in the same period a year ago, as commodity price volatility left buyers and sellers clashing over asset values…
CGX, a Toronto-based oil and gas firm focused on the Guyana-Suriname Basin, has secured funding for its next offshore exploration well in Guyana's Corentyne block by agreeing to farm out a portion of its interest to its partner Frontera.As part of the agreement…
Australia's Woodside Energy Group trimmed its production outlook for 2022 on Thursday and flagged a possible delay to a U.S. oil project inherited with BHP Group's petroleum assets, sending its shares down 4%.Woodside, now a top 10 global independent oil and…
Shell Plc said on Wednesday liquefied natural gas (LNG) shipments from its Prelude floating facility off northwest Australia would be disrupted for at least two weeks due to work bans by unions fighting for better pay.Loading disruption at the 3…
The European Commission has proposed to EU countries a deal with Azerbaijan to increase imports of natural gas and support the expansion of a pipeline to do this, according to a draft document seen by Reuters.The draft memorandum of understanding…
Uruguay's ANCAP has awarded three of the six available offshore blocks on its continental shelf to Shell and Apache, following bids received in the most recent ANCAP 2022 Open Bidding Round.Shell won the rights to the shallow-water block OFF-2 and deepwater Block OFF-7…
Shell UK Ltd has awarded Maersk Drilling a contract to supply the harsh-environment jack-up rig Maersk Resilient for the drilling of the Pensacola well in the UK part of the North Sea.The contract is scheduled to begin in the second half of 2022…
Thermoplastic composite pipe manufacturer Strohm said Tuesday it had supplied Shell with a static Thermoplastic Composite (TCP) Riser to support operations at one of its Southern North Sea assets.'The availability of TCP through Strohm’s “TCP…
Equinor said on Wednesday it has agreed to sell to Shell a 51% operating stake in the North Platte deepwater development project in the U.S. Gulf of Mexico. Equinor will retain 49% interest in the project, now renamed Sparta.Discovered in 2012 by Cobalt International Energy…
Nigeria's Senate said on Wednesday it will investigate oil company Shell Plc over alleged illegal extensions of oil exploration leases and is seeking a refund of $200 million which it said accrued over the period.The upper house of parliament…
British lawmakers approved a 25% windfall tax on oil and gas producers in the British North Sea on Monday, which the government says will raise 5 billion pounds ($5.95 billion) in one year to help people struggling with soaring energy bills…
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