The integration of offshore energy systems, including oil and gas, renewables, hydrogen, and carbon capture and storage, could deliver around 30 per cent of the UK’s total carbon reduction requirements needed to meet the 2050 net-zero target, the OGA said.
Following record losses in the second quarter of 2020 and the first dividend cut in a decade, BP revealed parts of its new strategy that would reshape the company from an international oil company to an integrated energy company.
A green energy transition will require the industry to make real progress in reducing its carbon footprint.
Block 58 offshore Suriname has again come under the spotlight since state-owned oil company Staatsolie is considering farming into the block where Apache last week hit its third discovery.
The chief financial officer (CFO) of Danish offshore driller Maersk Drilling has announced he would leave the company.
Italian energy major Eni has appointed a new chief financial officer (CFO) of the company.
Liquefied natural gas technology provider LNT Marine will see its LNT A-Box containment system deployed in a new LNG carrier design.
U.S. oil major Chevron hit the red hard as it reported a massive loss of $8.3 billion, or almost $4.5 per diluted share, for the second quarter of 2020.
Oil major ExxonMobil reported a back-to-back quarterly loss for the first time in over three and a half decades.
ConocoPhillips recorded a $1 billion loss in the second quarter of this year due to lower oil prices and production curtailments amid COVID-19 impact.
Production efficiency on the UK Continental Shelf has improved for the seventh consecutive year and for 2019 reached 80 per cent.
The Maritime and Port Authority of Singapore (MPA) has signed a memorandum of understanding (MoU) with five international partners to develop and adopt common data standards and application programming interface (API) specifications, which will facilitate data exchange for port and maritime services
British Columbia’s liquefied natural gas (LNG) industry could be the stimulus the Canadian economy will need post-COVID-19.
Global oil and gas project sanctioning in 2020 has made a colossal drop in comparison to 2019 levels with Norway, and somewhat Russia, attempting to increase the total sanctioning value.
