Noreco has issued an update on its development projects in the Danish North Sea, as a member of the Danish Underground Consortium (DUC) led by TotalEnergies. At the Dan Hub third-quarter production was higher at 8.5 MMboe/d, due to wells returning to service following…
Lebanon, Syria and Jordan have reached a deal to transfer electricity to Lebanon which is suffering an acute energy crisis, ministers from the three neighbouring countries said on the 28th October. The World Bank, which attended a joint meeting for the participating countries, will…
European natural gas and power prices dropped after more signals from President Putin that Russia will send extra gas to the continent next month. The Russian leader ordered Gazprom PJSC late on the 27th October to focus on filling its European storage sites from…
New Zealand Is First Country to Pass Climate Change Disclosure Laws for Insurers, Banks New Zealand has become the first country to pass laws requiring banks, insurers and investment managers to report the impacts of climate change on their business, officials said on the 21st…
On the 27th October, Loeb’s Third Point Capital LLC said it had amassed a sizable stake in Shell and would push to break up the company. Royal Dutch Shell Plc mounted a robust defence against activist investor Dan Loeb’s bid to split the company,…
UK’s petroleum regulator, the Oil and Gas Authority (OGA), has confirmed a total of 29 received bids in an update on the £1 million (US$1.4 million) decarbonisation competition for the electrification of offshore oil and gas installations on the UK Continental Shelf (UKCS). In…
A novel form of energy storage could offer a new future for former coal mines, as countries worldwide seek to decarbonise their energy supplies. Scottish energy storage firm, Gravitricity, is exploring the potential to transform a former Czech coal mine into a massive energy…
Vallourec has signed a ten-year frame agreement with ExxonMobil affiliate Esso Exploration and Production Guyana Ltd (EEPGL) to supply line pipe products in Guyana. The agreement enables long-term line pipe supply by defining contractual and commercial terms to support EEPGL’s future oil and gas…
Officials from Turkmenistan will visit Kabul this week to discuss continuing work on the TAPI pipeline linking the energy-rich Central Asian country through Afghanistan to Pakistan and India, the Taliban government said on the 27th October. The pipeline is expected to carry 33 billion cubic metres (Bcm) of…
Iran said it had agreed with the European Union to restart big-power talks to revive the 2015 nuclear deal before the end of November and a precise date for the negotiations would be announced in the next week. Iran’s Deputy Foreign Minister Ali Bagheri…
