Shell has taken another major step in its expansion beyond the fossil fuel industry and will enter the global carbon offsets market with the acquisition of Australian carbon farming project developer Select Carbon. Shell Australia said that it was the first global acquisition for…
Taking a firm geopolitical stand, the European Union has imposed sanctions on targeted individuals and entities from Russia, China and North Korea in a sign that it was tackling cyber warfare head on. As part of the measures, the six individuals and assets of…
General Motors is working with electric-vehicle charging operator EVgo to build a nationwide fast-charging infrastructure as the automaker prepares a major push into battery-powered models. The two companies will jointly invest in 2,750 fast chargers in cities and suburbs across the US as GM…
Equinor has agreed to sell a 40.8125 per cent interest in and transfer operatorship of the Bressay oil field development on the UK continental shelf to EnQuest. The initial consideration is £2.2 million (US$2.9 million), payable as a carry against 50 per cent of…
Production efficiency on the UK Continental Shelf (UKCS) has improved for the seventh consecutive year and for 2019 reached 80%, three years ahead of the 2022 target. The Oil and Gas Authority (OGA) has published the 2019 Production Efficiency report which shows an impressive…
Climate-neutral energy – generating it, storing it efficiently and making it available again. One of the central issues in the energy transition in order to achieve the global climate targets. Hydrogen has long been regarded as the ideal solution here, but has yet to…
Jadestone Energy has received approval from the co-venturers to join the Maari production project offshore New Zealand as operator. Earlier this year the company agreed to acquire a 69% interest from OMV. Applications are progressing with regulators on other standard consents, and Jadestone…
Gazprom Neft has begun its full-scale development of a major hydrocarbon cluster (with total potential resources estimated at 650 million tonnes of oil) covering licence blocks in the Khanty-Mansi Autonomous Okrug and the Tyumen Oblast in Western Siberia. One million tonnes of liquid hydrocarbons have been produced at the project’s…
Petrofac reported on the 29th July that its Engineering and Production Services (EPS) unit has won a two-year contract from NEO Energy. The NEO Energy agreement calls on Petrofac to provide well management and well operator support for 25 UK Continental Shelf (UKCS) production…
French oil major Total has decided to divest its portfolio of mature non-operated assets located offshore Gabon to Perenco. Total said on the 30th July that its 58 per cent owned affiliate, Total Gabon, has signed an agreement with Perenco to divest its interests…
