Thailand’s national upstream company PTTEP has yet to receive any letter from Myanmar’s National Unity Government (NUG) urging it to stop paying revenues to from its gas production ventures the military junta, as the NUG has reportedly claimed. The NUG earlier this week said that it had sent a formal …
Read More »Shut-down oilfields and enforced wind farms: Shell’s drastic road to net-zero
Forced installation of wind turbines in the face of local opposition and compulsory retirement of fossil fuel assets are among drastic measures taken by governments to propel the world rapidly to net zero emissions under a new future energy scenario released by oil giant Shell. The actions are among a …
Read More »Valuation boost: TotalEnergies says its Adani portfolio now worth $5.1 billion
TotalEnergies’ valuation of its stakes in Indian conglomerate Adani Group companies has increased to $5.1 billion, led by the recent revival in the latter’s stock prices on Indian bourses. The French energy giant earlier said that its exposure in Adani group entities stood at $3.1 billion, as of 31 December …
Read More »Field development plan submitted for controversial Mexican giant offshore oilfield
Mexico’s state-owned Pemex has filed the development plan for the unitised Zama giant oilfield offshore Mexico to industry regulator National Commission of Hydrocarbons (CNH) for approval. Zama was discovered by Talos Energy in 2017on offshore Block 7 and the field was fully appraised in 2019 by the Block 7 consortium, …
Read More »Petrobras juggling to secure key Foz do Amazonas drilling licence
Petrobras is scrambling to provide Brazilian federal environmental regulator Ibama with an additional environmental assessment report in order to obtain the necessary permit to begin drilling as soon as possible in the Foz do Amazonas basin, shrugging off concerns about new delays. Ibama president Rodrigo Agostinho told journalists earlier this …
Read More »Distress signal: Moscow embraces Danish invitation to join Nord Stream 2 dive
Russia has welcomed an invitation from the Danish Energy Agency to allow the Gazprom-owned operator of the Nord Stream 2 pipeline to participate in an operation to salvage an unspecified object discovered near the damaged duct. Speaking at a regular conference call with reporters on Friday, Russian presidential spokesperson Dmitry …
Read More »Scotland names offshore wind projects to supply oil and gas platforms with clean energy
Scotland has picked 13 projects under its pioneering INTOG seabed leasing scheme that includes deployment of large-scale wind power to decarbonise offshore oil and gas production. Seabed landlord Crown Estate Scotland will offer initial exclusivity agreements for potential lease options that could support up to 5 gigawatts of wind linked …
Read More »Repsol forges ahead with major Indonesia gas field development undeterred by downgrade disappointments
Spanish operator Repsol has launched the front-end engineering and design tender for its Sakakemang project onshore Indonesia, which aims to exploit the Kali Berau Dalam gas field and incorporate a carbon capture and storage scheme to handle KBD’s carbon dioxide. Repsol is inviting contractors to qualify for the tender process …
Read More »UK’s largest oil and gas producer rings changes as Steve Farris exits boardroom
The UK’s largest oil and gas producer Harbour Energy has made two new appointments to its board of directors to replace Anne Marie Cannon and former Apache chief executive Steven Farris. The replacement directors are Belgacem Chariag and Louise Hough. Harbour chairman Blair Thomas said: “I am delighted to welcome …
Read More »Petrobras in subsea contracting spree as more risers sought for Campos basin
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