The White House on Tuesday welcomed a decision by top oil producers to stick with their plans to raise crude production and touted 'close' coordination with Saudi Arabia and the United Arab Emirates.Earlier on Tuesday, a group of producers comprising…
Nord Stream 2 AG said on Friday it had started filling its second pipe with natural gas, stepping up preparations to launch a project that has sparked global political tensions and is yet to get the green light from Germany.'Like the first string (pipe)…
UK-based energy industry engineering services firm Wood said Monday it had secured a series of UK North Sea contract awards with key clients in the fourth quarter of 2021, including Shell UK and Dana Petroleum.Wood said that the contracts were collectively valued at around $160 million…
OPEC+ is expected to stick to its plans for a February output increase when it meets on Tuesday, predicting a mild and short-lived impact on demand from the Omicron coronavirus variant, three sources from the group of oil producers told Reuters on Monday…
On the day that shareholders of Royal Dutch Shell PLC voted to move the company's headquarters to London from The Hague, the company sent a letter to the Dutch prime minister to soften the blow.Signed by Shell CEO Ben van Beurden, the letter…
OPEC+'s decision this week to stick to its planned increase in oil output for February reflects easing concern of a big surplus in the first quarter, as well as a wish to provide consistent guidance to the market, sources and analysts said.The producer group…
Qatari national oil and gas company QatarEnergy has agreed to buy working interests in two offshore exploration blocks on the Egyptian side of the Red Sea from Shell. QatarEnergy will hold a 17% working interest in Red Sea Blocks 3 and 4.Block…
Equinor, Shell, TotalEnergies, Gassco and DNV announced the kick-off of a new JIP to develop low-pressure solutions for the transportation of CO2 by ships. The CETO (CO2 Efficient Transport via Ocean) JIP will carry out the technology qualification…
A few Angolan spot cargoes changed hands on Thursday, while results from a few tenders were still outstanding.Angola's state oil firm Sonangol sold its last February spot cargo, a Girassol, to Exxon Mobil after offering it at dated Brent plus 50 cents a barrel…
Oil major Shell has this week announced 'a material' discovery at the Blacktip North prospect in the U.S. Gulf of Mexico, ~220 miles SSE of Houston. Blacktip North is located in OCS block Alaminos Canyon (AC) 336, approximately 4.5 miles northeast of the recently appraised Blacktip discovery…
Mayflower Wind, a U.S. offshore wind joint venture between Shell and Ocean Winds, has been awarded the right to provide 400 MW of offshore wind power by the Commonwealth of Massachusetts and its three biggest utilities as part of Massachusetts’ 83C III offshore wind energy procurement…
A U.S. Coast Guard investigation into a fatal lifeboat drill accident has resulted in 10 safety and eight administrative recommendations, the agency announced.In July 2019, two people were killed and another was injured while testing lifeboats…
Brazilian oil company Petrobras, as the operator of the Tupi offshore field, has submitted to the Brazilian National Petroleum, Natural Gas and Biofuel Agency (ANP), the review of the Integrated Development Plan (PD) of the Shared Deposit of Tupi and the Iracema Area…
The Vladimir Filanovsky offshore field in the Caspian Sea, operated by Russian oil and gas giant Lukoil, has produced more than 30 million tonnes of oil, according to the company.In 2021, the field saw five development wells built (including…
Russia's largest oil producer Rosneft said on Tuesday that its board has approved new strategy through to 2030 with the aim of achieving net-zero emissions by 2050, earlier than President Vladimir Putin's deadline.Climate scientists have said…
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