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Low-Carbon Transition

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Illustration; Source: The North Sea Transition Authority (NSTA)

Low-Carbon Transition

North Sea platform electrification ‘key’ to unlock emission cuts from oil & gas production, says NSTA

The NSTA has held a workshop on platform electrification with 11 major operators on the UK Continental Shelf and ten technology suppliers.

about 2 years ago

Brazilian state-owned oil and gas giant Petrobras has appointed Norwegian Kanfa, a Technip Energies company, to deliver an offshore carbon capture and storage (CCS) study

Low-Carbon Transition

Petrobras appoints Technip Energies company for offshore CCS study

Brazilian state-owned oil and gas giant Petrobras has appointed Norwegian Kanfa, a Technip Energies company, to deliver an offshore carbon capture and storage (CCS) study. KANFA said its scope includes the delivery of a significant study for its Canopy Marine, a compact column, amine-based, post-com

about 2 years ago

Low-Carbon Transition

With Labour’s windfall tax plan seen as ‘hammer blow’ to UK’s energy security and decarbonization, concerns over job loss on the rise

The dust has not settled yet over the Labour Party’s proposals to extend the windfall tax on UK oil and gas producers,

about 2 years ago

Low-Carbon Transition

Interview: With new oil & gas horizons calling, will the North Sea hold sway over its existing rig fleet?

This interview sheds more light on whether there will be a greater rig exodus from the North Sea market and a mass pivot toward other destinations.

about 2 years ago

Low-Carbon Transition

Solstad amps up its decarbonization ante to boost vessels’ fuel efficiency and curb emissions

Solstad Offshore has joined forces with Pon Power and Caterpillar Marine to scale up fuel efficiency across its vessels and slash its emissions.

about 2 years ago

Low-Carbon Transition

Eni reveals ‘excellent’ annual results as natural gas and LNG business cushions drop in profit

Eni has disclosed strong financial and operating results for 4Q and full year 2023 on the back of its natural gas and LNG portfolio.

about 2 years ago

Low-Carbon Transition

Fresh oil, gas, and drilling plays shape global energy ecosystem

This is an overview of some of the moves made over the week, so come away with us on a journey of the fossil energy market’s latest developments.

about 2 years ago

Low-Carbon Transition

TotalEnergies achieves ‘robust’ multi-billion profit while balancing energy transition scales

TotalEnergies has managed to tuck strong financial and operating results for the fourth quarter and full year 2023 under its belt.

about 2 years ago

Argos platform in the Gulf of Mexico; Source: BP

Low-Carbon Transition

BP’s profit cut in half but $13.8 billion still cinched in 2023

Despite a 50% fall in profit on a year-over-year basis, BP still reported a solid overall operational and financial performance during 2023.

about 2 years ago

Low-Carbon Transition

With $28 billion in the bag, Shell’s 2023 profit attests to oil & gas price slump and LNG trading upturn

Shell’s annual profit in 2023 took a tumble, dropping by 30% on a year-over-year basis, compared to its highest-ever annual profit, which came to almost $40 billion in 2022.

11 minutes read

Cygnus gas field in the southern North Sea; Source: Neptune Energy

Low-Carbon Transition

Eni and Vår Energi enrich their portfolios by taking over Neptune’s oil & gas business

Eni and its majority-owned Vår Energi have expanded their footprint by wrapping up the acquisition of Neptune Energy’s oil and gas assets.

about 2 years ago

Illustration; Source: Transport & Environment

Low-Carbon Transition

Seven NGOs urge Europe to set coal, oil, and gas phase-out dates

A coalition of seven NGOs has sent a letter, encouraging the European Commission to list fossil fuel phase-out dates within the roadmap for Europe’s 2040 target.

about 2 years ago

Low-Carbon Transition

UK CCS project enters FEED phase as Technip Energies snatches contract

The Viking Link carbon capture and storage (CCS) project in the UK has entered the front-end engineering design (FEED) phase with the award of the contract to Technip Energies. Viking CCS, previously known as V Net Zero, is the Humber-based CO2 transportation and storage network led by UK oil and ga

about 2 years ago

Illustration from the North Sea Transition Authority (NSTA)

Low-Carbon Transition

Tackling triple challenge of production, emissions, and net zero spurs North Sea’s technological innovation

As the global offshore energy industry takes steps to evolve in line with emerging technological innovations, the UK regulator, the North Sea Transition Authority (NSTA) points out that the North Sea is increasingly becoming a hotbed of activity aimed at employing new technology to enable the streng

about 2 years ago