Fossil Energy
Repsol reveals new strategic plan to accelerate energy transition
Spanish oil company Repsol has unveiled its 2021 – 2025 strategic plan which will advance its net-zero emissions objective.
BP and Ithaca produce first oil from North Sea project
BP and Ithaca Energy have started production from the Vorlich development, in the UK North Sea, which was the target of environmental protests back in 2019.
Jersey gains full control of North Sea asset with CIECO V&C buy
Jersey Oil & Gas has entered into a conditional sale and purchase agreement to acquire CIECO V&C, which will give it full ownership of a North Sea licence.
Oil price hits highest levels since March over vaccine hopes
Brent crude oil prices reached highest levels since March as news of another promising coronavirus vaccine raised hopes of a quicker recovery in oil demand, while U.S. President-elect Joe Biden received the go-ahead to begin his leadership transition.
Aker BP deploys robotic dog on North Sea FPSO
Aker BP and Cognite have partnered to deploy Spot, the quadruped robotic dog, to pioneer the remote-controlled offshore mission on the Skarv installation.
Apache employs Rem PSVs in North Sea
Rem Offshore has been awarded a contract and extension for its platform supply vessels from Apache in the UK North Sea.
Tullow plans to generate $7 billion cash flow over 10 years with focus on West African assets
Tullow Oil will focus on its West African producing portfolio as part of its new strategy to generate $7B of operating cash flow in the next 10 years.
North Sea reservoir confirmed suitable for CO2 storage
A North Sea reservoir has been confirmed suitable for CO2 storage, with Wintershall Dea, Ineos, and Maersk Drilling as members of the project.
Risk and barrier management issues found on Equinor FPSO
Norway’s offshore safety agency has found irregularities related to risk and barrier management on the Equinor’s Norne FPSO located in the Norwegian Sea.
Unplanned outage to push EnQuest output below guidance
EnQuest expects its production for the year to be below its guidance range due to an incident and a resulting unplanned outage in Malaysia.
Deltic Energy seeking partners to mature North Sea prospects towards drilling
Deltic Energy has found three prospects within its Southern North Sea licence and is seeking partners to help in the maturation of opportunities.
Wintershall Dea sets net-zero goals for upstream ops
German oil and gas company Wintershall Dea has set a goal to achieve net-zero upstream activities by 2030 to tackle the world’s climate change challenge.
Archer nets five-year deal for services on Aker BP platforms
Archer has secured a five-year contract from Aker BP for the provision of platform drilling operations and maintenance services in the North Sea.
Rystad: E&P investments to reach $380B in 2021 but 20 pct at risk of deferral
Investments from global E&P in 2021 are projected to reach around $380 billion, almost flat year-on-year, a Rystad Energy report shows.