UK-listed Serica Energy has completed the acquisition of interests in the Bruce, Keith, and Rhum (BKR) fields and associated infrastructure in the UK North Sea from BP and the acquisition of interests in Bruce and Keith from Total, BHP, and Marubeni. Serica’s completion of the BP…
Equinor produces an energy perspective study each year. It illustrates the forward uncertainty using three scenarios. These scenarios differ in their assumptions of economic growth and decarbonisation, geopolitics and corporation amongst other things. Under all scenarios, they expect renewable energy to be the fastest…
Vermilion Energy Inc has assumed operatorship of the Corrib natural gas project offshore Ireland following the close of Shell Overseas Holdings Ltd’s sale of its 45% interest in the project to Nephin Energy Holdings Ltd (NEHL), a wholly owned subsidiary of Canada Pension Plan Investment…
Adrian Lara, Senior Oil and Gas Analyst at GlobalData, a leading data and analytics company, offers his view on the impact on the upstream sector: “A direct consequence of the excess of natural gas supply is the low prices at which Permian gas is…
The UK is expected to spend US$19.5 billion (£15.3 billion) on decommissioning over the next decade, according to a new report from industry body Oil & Gas UK. Well plugging and abandonment makes up 49 percent of the forecast expenditure, Oil & Gas UK’s…
Transocean Ltd has reported that its shareholders have approved the acquisition of Ocean Rig UDW Inc. President and CEO Jeremy Thigpen said: “We are extremely pleased that our shareholders have overwhelmingly approved our acquisition of Ocean Rig. Through this combination, Transocean further enhances our…
Italian oil and gas explorer Eni, and its French partner Total, has plans to explore for hydrocarbons further in Cyprus, despite a recent setback when the company had to move its drillship out of the country amid Turkey’s objections. According to a statement this week…
Russia’s seizure of three Ukrainian patrol vessels and their crews in the Kerch Strait near the Black Sea on the 25th November provided a dramatic reason as speakers at a discussion on the 28th November at the Atlantic Council in Washington called for more changes…
Oil Refining Market size will surpass US$7 trillion by 2024, as reported in the latest study by Global Market Insights, Inc. Growing demand for lighter petroleum products along with introduction of several air borne emission regulations will drive the oil refining market share. …
Coal as the primary fuel in both China and India is a reality which will not change anytime soon. But these giants have committed to using more natural gas, a cleaner fuel that is quickly becoming the world’s go-to source of energy thanks to…
