Namibia aims to fast-track the development of its first oilfield to have production by 2026 following a significant offshore discovery by Shell, a senior energy official told Reuters on Monday.Shell on Friday said the exploration well off the…
The Biden administration's sale of offshore wind development rights off the coasts of New York and New Jersey drew a record $4.37 billion in high bids from developers that included major European energy companies.The auction, which began on Wednesday and stretched into Friday afternoon…
OCTIO, as of recently a subsidiary of Reach Subsea, has secured a multi-year geophysical monitoring contract with Shell in Norway for the Ormen Lange offshore field. “OCTIO welcomes the opportunity to continue to support A/S Norske Shell at Ormen Lange…
U.S. President Joe Biden said on Monday that the Nord Stream 2 gas pipeline would be halted if Russia invades Ukraine and stressed unity with German Chancellor Olaf Scholz as the West rallies to avert a war in Europe.At a White House press conference with the new German leader…
Oil major BP has started up production from its Herschel Expansion project in the Gulf of Mexico, in what is the first of four major projects scheduled to be delivered by BP globally in 2022.The first phase of the Herschel Expansion project…
The Organization of the Petroleum Exporting Countries (OPEC) and their allies, known as OPEC+, needed to narrow the gap between their oil production targets and actual output, the International Energy Agency's (IEA) head Fatih Birol said on Wednesday…
Shell boosted its dividend and share repurchases on Thursday after its fourth-quarter profits soared to $6.4 billion on the back of higher oil and gas prices.Shell, which moved its headquarters from The Hague to London last month, said it expected…
Troubled energy contractor Saipem will cut costs, sell assets, and scale back green ambitions to focus more on its core oil and gas business after plunging deep into the red last year.The Italian group stunned investors in January when it downgraded…
The UK regulators have approved decommissioning plans submitted by TAQA Bratani for the removal of the Cormorant Alpha platform topsides in the North Sea.TAQA last year filed plans for the decommissioning of the topsides of the Cormorant Alpha platform…
Royal Dutch Shell and British regulators have revived talks on developing the Jackdaw gas field in the North Sea as the government struggles with soaring gas and power prices, company and industry sources said.In recent weeks, Secretary of State at the Department of Business…
Following recent reports that Shell has made an oil discovery offshore Namibia, the confirmation came Friday from its partners QatarEnergy and NAMCOR.QatarEnergy, which used to be called Qatar Petroleum, has confirmed that oil was found in a deepwater exploration well drilled in the Orange Basin…
Italian energy group Eni posted its best yearly result since 2012 after profits in the fourth quarter surged to beat expectations, boosted by higher oil and gas prices.Adjusted net profit in the three months to December came in at 2.11 billion euros ($2…
Oil prices retreated on Friday after wild swings during the week, as the prospect of extra supply from Iran returning to the market outweighed fears of a possible Russian invasion of Ukraine, which could disrupt supply.Brent crude LCOc1 futures fell 68 cents…
Shell's Norwegian subsidiary Norske Shell has received regulatory consent to drill an exploration well in the Norwegian Sea.The Petroleum Safety Authority said Wednesday that Shell would drill the well 6305/5-C-3 H in block 6305/5 in the Production License 209…
Shell's head of renewable energies Elisabeth Brinton has stepped down less than two years after taking the reins of the business which the company seeks to rapidly grow as part of its strategy to reduce greenhouse gas emissions.Brinton, who joined Shell in 2018…
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