UK’s New Guidance Illuminates North Sea Oil & Gas Landscape as Application Period Begins
UK’s new guidance sheds light on North Sea oil & gas game as application window opens Direct naar inhoud Advertisement Offshore-Energy.biz offshoreWIND.biz DredgingToday.com NavalToday.com Exhibition and Conference , go to home Green MarineHydrogenMarine EnergySubseaFossil EnergyAlternative FuelsMore News Search Menu Green MarineAlternative renewablesEnergy Efficiency & InnovationPorts & InfrastructurePropulsionShipbuildingRegulations & PolicyHydrogenProductionTransport & StorageTechnology & InnovationHydrogen Valleys, Hubs […]
Multi-Billion Dollar Ventures at Risk: UK’s Largest Untapped Oil & Gas Partners Face Setback, Yet Shell, Equinor, and Ithaca Stay Optimistic
Multi-billion projects at stake: Another blow for UK’s largest untapped oil & gas duo but Shell, Equinor, and Ithaca remain upbeat In the wake of a new court ruling, the development of two hydrocarbon projects – said to be the largest undeveloped oil and gas fields off the coast of the United Kingdom (UK) – has […]
Norwegian Oil & Gas Electrification Initiative Advances with Multi-Million Dollar Agreement
Norwegian oil & gas electrification story takes another step forward with multimillion-dollar deal As Norway’s state-owned energy giant, Equinor, is convinced that electrification is the key to the energy transition, the firm has made a move to progress its offshore oil and gas electrification plans on the Norwegian Continental Shelf (NCS) by handing out a […]
GeoPark Purchases Repsol’s Colombian Oil and Gas Assets for $530 Million
GeoPark acquires Repsol’s Colombian oil and gas assets for $530 million GeoPark Limited, a prominent independent energy company operating across Latin America, has signed Sale and Purchase Agreements (SPAs) with Repsol Exploración S.A. and Repsol E&P S.A.R.L to acquire key oil and gas assets in Colombia. The acquisition encompasses Repsol Colombia O&G Limited’s 45% non-operated […]
IEA Deputy Chief Emphasizes Continued Importance of Investing in Oil and Gas at Calgary Event
Investing in oil and gas still important, IEA deputy head tells Calgary crowd CALGARY — Investments in oil and gas production are important and must continue in tandem with increased investment in renewable and clean technologies, the deputy head of the International Energy Agency said Tuesday. Mary Burce Warlick made the comments in Calgary, the […]
Backing Petroleum: bp’s Shift in Strategy Poses Risks for Climate and Investors
Backing Petroleum: bp’s transition U-turn is bad for the climate and investors This week, reports[i] have emerged of bp’s CEO Murray Auchincloss latest U-turn regarding bp’s transition strategy: the company has scrapped its previous relatively ambitious target of reducing oil and gas production by 25% by 2030 (vs 2019). Bp had made some headway towards […]
£1.9 Billion Annual Investment Urged for Transitioning Oil and Gas Workers to Clean Energy Careers
Call for £1.9bn a year to help oil and gas workers move into clean energy Climate groups are calling for £1.9 billion a year to support offshore oil and gas workers and communities through the shift to renewable energy. In a move endorsed by leading UK trade unions, 65 organisations have written to Chancellor Rachel […]
BP Reduces Focus on Energy Transition, Discontinues Oil and Gas Goals
BP scales back its energy transition, abandons oil and gas targets Oil major bp has pulled back from its promise to cut oil and gas output by 40% while rapidly growing renewables by 2030 as a way to regain the confidence of investors, although it continues to target net-zero emissions by 2050. Murray Auchincloss, who […]
BP Lowers Oil Production Goals in Strategic Shift, Sources Reveal
bp drops oil output target in strategy reset, sources say BP has abandoned a target to cut oil and gas output by 2030 as CEO Murray Auchincloss scales back the firm’s energy transition strategy to regain investor confidence, three sources with knowledge of the matter said. When unveiled in 2020, BP’s strategy was the sector’s […]