The Abu Dhabi National Oil Company (ADNOC) has announced a set of comprehensive sustainability goals, extending its legacy of responsible oil and gas production and reinforcing its longstanding commitment to environmental stewardship. The announcement was made by His Excellency Dr Sultan Ahmed Al Jaber,…
CNOOC Ltd plans to increase its oil and gas reserves and production steadily through 2022. The company’s targeted net production for 2020 is 520-530 MMboe, of which, production from China and overseas accounts for 64% and 36%, respectively. The company’s net production for 2019…
SapuraOMV Upstream has achieved within budget first production from its Larak gas field offshore Malaysia under the SK408 Production Sharing Contract (PSC). The SK408 gas fields are part of discoveries made by SapuraOMV in a drilling campaign in 2014. They are tied back to…
Oil and gas company Tullow Oil has amended the production sharing agreement on the Walton Morant licence, located offshore Jamaica, to extend the initial exploration period during which a drill or drop decision is required for a further six months. The Walton Morant license…
Wood Mackenzie has identified six themes which will impact Asia Pacific’s gas and LNG markets in 2020. Asian LNG spot prices to fall further In 2019, the global LNG market relied heavily on Europe to absorb excess supply. Surging new LNG production from US…
Total/Woodside Energy’s block A-6 project in the Rakhine basin offshore Myanmar will be the country’s first ultra-deep-water development. The block covers an area close to 10,000 square kilometres (3,861 square miles) in water depths of up to 2,300 metres (7,546 feet). Woodside has…
An international Ocean Renewable Energy Action Coalition has been formed to advance sustainable deployment of ocean-based renewable energy and mitigate the harmful impacts of climate change. Ocean-based renewable energy – such as offshore wind, floating solar, tidal and wave power – could meet nearly…
For Vestas, the reality of the climate crisis is at the centre of our business. In more than 40 years of pioneering and leading the wind energy industry, Vestas has worked with customers to reduce greenhouse gas emissions by driving the transition to replace carbon-based…
This year will be noteworthy for the North Sea. That is according to Wood Mackenzie (WoodMac), which said companies will increase production for the first time since 2017 and revealed that the outlook for both exploration and investment is “looking healthy”. WoodMac also outlined…
Shell’s subsidiary, Sabah Shell Petroleum Company, the operator of the Malikai tension-leg platform (TLP) located offshore Sabah, is investing in the second phase of the Malikai deep-water development. The project, which involves the drilling of two additional oil producing wells and four water injection…
