Britain plans to overhaul its windfall tax regime on oil and gas producers once current levies run out in 2030, it said on Wednesday as it vowed to transform the North Sea into a renewables hub.The government is asking industry players and others…
Trinidad and Tobago is reaching out to U.S. President Donald Trump's administration to understand if his announced cancellation of oil licenses related to Venezuela will affect authorizations for projects with the Caribbean nation, Energy Minister Stuart Young said on Thursday…
China National Offshore Oil Company (CNOOC) is slated to launch an upgraded joint-venture refinery complex around June, marking the state-controlled producer's further expansion into refining and petrochemicals, industry sources said.CNOOC aims…
State-owned French power giant EDF is taking a 900 million euro ($944.4 million) impairment charge on the Atlantic Shores offshore wind farm project in the United States after partner Shell pulled out of the joint venture.'We have every intention…
According to its latest market outlook, Wood Mackenzie projects that Brent crude oil prices will average $73.00 per barrel (bbl) in 2025. The forecast considers geopolitical and economic factors, including potential peace talks between Russia and the US regarding the Ukraine conflict…
Talos Energy has announced its fourth quarter and year-end 2024 financial results, reporting a net loss of $64.5 million for the quarter and $76.4 million for the year.Production for the year was 92.6 MBoe/d (71% oil, 80% liquids).Talos Interim CEO…
Shell has restarted production at the Penguins field in the U.K. North Sea with a new floating, production, storage and offloading (FPSO) unit.The previous export route for the field, operated by Shell with 50% interest, and partner NEO Energy with the remaining 50%…
U.S. oil and gas company Talos Energy has appointed Paul Goodfellow as President, Chief Executive Officer (CEO) and a member of the company’s Board of Directors.Paul Goodfellow brings over thirty years of domestic and international experience…
Japan Petroleum Exploration (Japex) is prioritizing investment in oil and gas exploration and production (E&P) through 2030 - revising an earlier plan to aggressively expand its renewables businesses, its president said.'For now, the investment…
Kazakh President Kassym-Jomart Tokayev on Tuesday ordered the government to step up talks with international oil majors about an extension of existing production sharing agreements (PSA) on 'better terms'.The central Asian country is one of…
Chevron-led consortium, in charge of the development of Aphrodite field offshore Cyprus, has signed a non-binding memorandum of understanding (MoU) with the Egyptian national gas company EGAS for the export of gas from the field to Egypt.The MoU was signed by Chevron-led consortium…
The Cypriot government has approved the updated plan for the Aphrodite gas field, filed by Chevron-led consortium, which will see the construction of a floating production unit (FPU) and a pipeline for exporting gas to Egypt.Following Cypriot government’s approval of the plan…
Egypt has signed deals worth about $3 billion with Shell and TotalEnergies to secure 60 cargoes of liquefied natural gas (LNG) to cover demand for 2025, three trading sources told Reuters.The most populous Arab country last year returned to being a net importer of natural gas…
New Jersey officials on Monday said the state would not grant awards for new offshore wind contracts, a sign that U.S. President Donald Trump's order to review the federal offshore wind program is putting a chill on the industry.The announcement…
Shell on Thursday reported a fourth-quarter profit of $3.66 billion, missing estimates, on lower refining margins and lower liquefied natural gas (LNG) trading, while saying it would buy back shares worth $3.5 billion.The oil major also announced a 4% increase in its dividend…
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