The British High Court has agreed to hear a case by environmental campaigners claiming that the government's support of North Sea oil and gas companies conflicted with its plans to slash the country's carbon emissions by 2050.The legal challenge…
Chevron Corp on Friday reported its highest profit in six quarters and joined an oil industry stampede to reward investors with share buybacks, as rebounding crude oil prices carried earnings and cash flow to pre-pandemic levels.Oil and gas…
Malaysia is expected to contribute about 12% or 3.1 billion cubic feet (bcf) of global natural gas production in 2025 from key offshore planned and announced projects that are expected to start operations between 2021 and 2025, according to data and analytics firm GlobalData…
Malaysia's offshore services firm Sapura Energy has won new contracts worth RM1.2 billion (around $284 million) in its Engineering and Construction (E&C), Operations and Maintenance (O&M) and Drilling divisions.In Engineering & Construction…
Former BP Plc Chief Executive Tony Hayward will lead the listing of a $175 million shell company aimed at investing in green energy projects in Europe, a bank working on the deal said on Thursday.The Special Purpose Acquisition Company (SPAC)…
Shell will join a project in Norway to produce hydrogen from natural gas while capturing the emissions, Aker Clean Hydrogen (ACH) said on Monday.Countries across Europe are looking at ways to produce emissions-free hydrogen to help reduce carbon emissions and avert global warming…
Twenty people working at Shell's Shearwater platform in the UK North Sea have tested positive for Covid-19 since the first case was identified on June 30, 2021, Offshore Engineer understands.According to a source close to the matter, there have been twenty positive cases since June 30…
The investment outlook for liquefied natural gas (LNG) has improved this year but project go-aheads will not match the bonanza of 2019, as the fight against climate change clouds the prospects for gas demand growth longer term.Renewed optimism as the industry emerges from the pandemic…
Oil prices fell sharply on Monday after OPEC+ overcame internal divisions and agreed to boost output, sparking concerns about a crude surplus as COVID-19 infections rise in many countries.Brent crude was down $1.92, or 2.6%, at $71.67 a barrel by 1105 GMT…
Royal Dutch Shell on Wednesday said it would boost its returns to shareholders via share buybacks or dividends after a sharp rise in oil and gas prices helped it reduce debt.It will increase its distribution to shareholders to 20% to 30% of cash flow from operations beginning in the second quarter…
U.S. oil major ExxonMobil has agreed to take part in the Scottish carbon capture project that's designed to store carbon from onshore industrial plants under the North Sea seabed.The project, named Acorn carbon capture and storage project (CCS) in Scotland…
Norwegian energy firm Equinor, with its partners RWE, Shell, and Gasunie signed a declaration of intent to further intensify their collaboration on the AquaSector project - which aims to build Germany's first large-scale offshore hydrogen park…
Companies vying for rights to develop wind farms off the coast of Scotland, as part of the ScotWind seabed lease sale, have filed 74 applications by July 16 deadline.Crown Estate Scotland today confirmed that 74 applications have been received…
Iberdrola is looking to new markets to help fuel growth and could even consider spinning off its offshore wind business to raise funds, the global wind power group said on Wednesday.In first-half results, Europe's biggest wind power group said…
The OPEC+ deal to boost crude oil output from August was always the most likely outcome to the producer group's earlier impasse, and it should be enough to end market talk of $100 a barrel oil, at least for now.OPEC+ ministers agreed on Sunday to boost production by 400…
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