Norway's $1.6 trillion sovereign wealth fund urged Shell on Friday to give investors more information about its revised climate targets, but said it would not back a call by a group of 27 shareholders for the oil company to strengthen those targets…
Eco (Atlantic) Oil & Gas has started the farm-in process into Block 1 offshore South Africa Orange Basin, while confirming it is relinquishing its 50% working interest operated offshore Block 2B in South Africa.Through its 100% owned subsidiary Azinam South Africa Limited…
A Trinidad and Tobago court order has granted ConocoPhillips the right to enforce a $1.33 billion claim against Venezuela for past expropriations, a decision that could complicate proposed offshore gas ventures between Trinidad and Venezuela…
An outage of Norway's gas exports to Britain via the Langeled pipeline was extended by two days until the morning of June 7 as repair work continued, Norwegian system operator Gassco said on Tuesday.The outage, which Gassco attributed to a crack…
OPEC+ agreed on Sunday to extend most of its deep oil output cuts well into 2025 as the group seeks to shore up the market amid tepid demand growth, high interest rates and rising rival U.S. production.Brent crude oil prices LCOc1 have been trading near $80 per barrel in recent days…
The OPEC+ decision to extend crude oil production cuts is an acknowledgment that demand growth is still uncertain, but also that the group remains hopeful its bullish scenario is correct.The Organization of the Petroleum Exporting Countries (OPEC) and its allies including Russia…
British oil major BP and Trinidad and Tobago's state energy firm NGC have received a two-year license from the U.S. Treasury Department to negotiate and develop the Cocuina-Manakin gas fields with Venezuela, Trinidad's energy minister said on Wednesday…
Norway's centre-left government will not open the Arctic Nordland 6 waters for oil and gas exploration, the energy minister told parliament on Wednesday, maintaining a long-held policy of protecting the ecologically vulnerable area.The opposition…
The floating production storage and offloading (FPSO) unit Marechal Duque De Caxias has set off to Petrobras’ Mero field in the pre-salt Santos Basin, after arriving to Brazil from MISC Berhad shipyard in China.The Marechal Duque de Caxias can produce up to 180…
Oil major Shell expects first oil from its Bonga North Tranche 1 project off the coast of Nigeria in 2027/2028 and 'there are opportunities get that stream on earlier,' a Shell executive said on Thursday.Elohor Aiboni, a managing director at Shell Nigeria…
Oil major BP and U.S. shale producer EOG Resources are in discussions to jointly develop a natural gas field off the coast of Trinidad and Tobago, the British company said.The field holds just under 1 trillion cubic feet (tcf) of natural gas…
Petrobras, together with its partners, has made the final investment decision (FID) for the second development phase of Atapu and Sépia fields, located in the prolific pre-salt Santos Basin, offshore Brazil.The Atapu field has been producing…
North Sea oil and gas producers are merging and shifting overseas as Britain's windfall tax slashes profits and as the opposition Labour Party threatens more tax if it wins the next general election.The change of strategy could accelerate the decline of domestic production…
The Bureau of Ocean Energy Management (BOEM) has released the final Environmental Impact Statement (EIS) for two wind energy projects offshore New Jersey, being developed by Atlantic Shores – a joint venture between Shell and EDF.If approved…
Ocean Winds, a joint venture between EDP Renewables and ENGIE, has published a report on environmentally safe and predictable UXO disposal at its Moray West offshore wind farm.The report demonstrates how the “low-order deflagration” method for…
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