An Italian appeals court on Thursday overturned jail sentences handed down to Nigerian Emeka Obi and Italian Gianluca Di Nardo for their part in a graft case involving Eni and Shell in Nigeria.In a decision taken behind closed doors but read out to reporters afterwards…
OPEC+ agreed on Friday to add more oil to the market from August and extend the duration of their pact on their remaining production curbs for longer, even though the United Arab Emirates still opposed the extension, an OPEC+ source said.All OPEC+ deals require unanimous approval…
GHGSat, a company specializing in high-resolution remote sensing of greenhouse gases from space, Thursday announced a new research project to assess the feasibility of its high-resolution, space-based methane monitoring technology to measure emissions from offshore oil and gas platforms…
U.S. Secretary of State Antony Blinken on Wednesday described the Nord Stream 2 gas pipeline as a Russian geopolitical project that undermines the security of Ukraine, adding the United States wants to ensure Russia does not use energy as a coercive tool against any European state…
Russian oil company Lukoil has agreed to acquire a 50% operator stake in the Area 4 project offshore Mexico.The transaction value is $435 million-plus expenditures incurred in 2021 as of the transaction completion date. The completion of the transaction is subject to certain conditions…
Oil prices were heading towards three-year highs on Tuesday, towing petrocurrencies and bond yields with them, after the world's main oil producers failed to agree on production plans.Europe's stocks spluttered at the prospect of faster inflation…
The United States must speed up project permits if it is to meet the Biden administration's 2030 target for offshore wind power, major developer Orsted said on Thursday.The United States, with just two small offshore wind facilities, has lagged…
Aberdeen Renewable Energy Group (AREG) has appointed David Rodger as CEO.The organization said it sought to further develop support to members and increase links with stakeholders to assist net-zero strategies across northeast Scotland and beyond…
The Norwegian oil and gas company OKEA has awarded a 'sizeable' contract to Subsea Integration Alliance, a Subsea 7 - OneSubsea partnership, for the Hasselmus gas field development offshore Norway, Subsea 7 said. Subsea 7 defines a sizeable…
U.S. oil major Chevron Corp has no plans to shrink its oil and gas business for wind and solar energy unlike some rivals, Chief Financial Officer Pierre Breber said on Thursday, amid pressure from shareholders to lower carbon emissions.Major…
Africa-focused oil and gas company Chariot has appointed David Brecknock to the role of Drilling Manager, to lead the company's planned Anchois gas appraisal well drilling within the Lixus licence, offshore Morocco.The objectives of the drilling…
The OPEC+ group of oil producers meets on Thursday to decide on a further easing of output cuts next month and could also consider extending its overall supply pact beyond April 2022, sources within the group told Reuters.The group comprising…
Oil major Shell teamed up with Norwegian utilities BKK and Lyse to bid in the Nordic country’s first offshore wind tender expected next year, the companies said on Thursday.Shell has been active in oil and gas extraction on the Norwegian continental shelf for several decades…
Oil and gas major Chevron as the operator of the Gorgon gas project has, with its partners, agreed to proceed with the Jansz-Io Compression (J-IC) project, offshore W. Australia. The investment is estimated at around $4 billion (AU$6 billion)…
Royal Dutch Shell will seek ways to accelerate its energy transition strategy and deepen carbon emission cuts following a landmark Dutch court ruling last month, CEO Ben van Beurden said on Wednesday, a move that will likely lead to a dramatic shrinking of its oil and gas business…
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