Business & Finance
Disappointing result from North Sea appraisal well
UK-based oil and gas company i3 Energy has completed drilling operations on the Serenity appraisal well in the North Sea.
Equinor’s vice president of E&P leaving role and energy industry
Equinor’s executive vice president for Exploration and Production International has resigned to take on the CEO role at a diamond company.
UK operator buys two batches of Dutch North Sea assets
A UK-based operator has agreed to buy the Dutch North Sea businesses of two different oil and gas companies.
EIG’s MidOcean Energy to buy Tokyo Gas’ stake in four Australian LNG projects for $2 billion
MidOcean Energy, an LNG company formed and managed by energy and infrastructure investor EIG, has entered into a definitive agreement to acquire Tokyo Gas’ interests in a portfolio of four Australian integrated LNG projects. Under the terms of the agreement, MidOcean will acquire Tokyo Gas’ interest
Chevron enters Namibian block close to recent oil discovery
Chevron has entered an oil and gas exploration license located in the Orange Basin offshore Namibia, which is close to a recent oil discovery.
Air Products spending $500M to build hydrogen production facility in NY
Industrial gas supplier Air Products has revealed plans to invest approximately $500 million to build, own and operate a 35 metric ton per day facility to produce green liquid hydrogen at a greenfield site in Massena, New York. The company’s plans also include liquid hydrogen distribution and dispen
Study: Maersk among 134 ‘highly carbon-exposed’ companies failing to include climate risks in financial reporting
Danish shipping major Maersk has been included in the list of 134 ‘highly carbon-exposed companies’ that reportedly failed to disclose how climate-related risks might impact them financially. The list is part of a review produced by The Carbon Tracker Initiative, a think tank specializing in researc
Port of Long Beach joins clean hydrogen alliance
The Port of Long Beach has joined the Alliance for Renewable Clean Hydrogen Energy Systems (ARCHES), a public-private partnership formed to help capture federal funding for developing a renewable hydrogen market in California. ARCHES was launched to serve as the lead applicant for California’s bid t
UK opens its first oil and gas licensing round since 2019 to boost energy security
UK government has launched the 33rd offshore oil and gas licensing round, making 898 blocks and part-blocks available in an effort to boost the country’s energy security.
Technical challenges postpone launch of Baltic Pipe receiving terminal
Commissioning of Baltic Pipe’s receiving terminal in Western Jutland is set to be further delayed due to technical challenges. This, however, will have no impact on the gas volumes sent to Poland. The receiving terminal for gas from Norway’s Europipe II should have been commissioned this Saturday, 8
Neptune to maintain higher gas exports to UK
Oil and gas company Neptune Energy has extended the period of higher gas production from the Duva offshore field in Norway.
Maersk-led businesses urge Denmark to lead the way in green transition
Danish companies pursuing high sustainability objectives are urging the country’s government and politicians to maintain sustainability on top of their agenda. In a joint statement, signed by A.P. Møller – Mærsk, FLSmidth, Ørsted and Vestas, among others, the companies asked the government to contin
Banks support construction of new Yinson FPSO with $720 mln loan
Yinson has entered into a $720 million syndicated loan facility for an FPSO being built to operate for Petrobras in waters offshore Brazil.
Shell revealed as buyer of UK gas asset
Reabold Resources has disclosed that Shell is the oil and gas major, which is in the process of acquiring Corallian Energy.