The shift concerns, first, the fact that alternative energy sources have added to rather than replaced oil and gas, and second, that “every major forecaster is revising scenarios, with oil and gas locked in for decades”, Nasser said, saying he hoped the outlook for long-term oil and gas investment had changed for the better.
Denny Matulessya, managing director, Odengene Air Shuttle Services (OAS Helicopters) has reiterated the firm’s commitment to deepen its aviation support for efficient offshore operations in the oil and gas sector. ‘‘This commitment marks another milestone in our mission to provide world-class aviation support for Nigeria and the West African energy sector,” Denny Matulessya, managing director, […]
bp has begun production from the Murlach field in the UK North Sea, marking the company’s sixth major upstream start-up of 2025. The Murlach redevelopment, a two-well subsea tieback to the bp-operated Eastern Trough Area Project (ETAP) hub, is expected to add around 15,000 barrels of oil equivalent per day (boed) at peak production.
The FPSO, which will be stationed off the coast of Portugal, will feature a 300-MW electrolyzer capable of producing up to 243,000 metric tons of green ammonia per year. Powered by certified renewable electricity purchased under a Power Purchase Agreement, the facility will play a role in meeting the growing global demand for low-carbon marine fuels.
EIG Global Energy Partners’ MidOcean Energy said it has entered into definitive agreements to invest in Petroliam Nasional Bhd’s (Petronas) Canadian businesses, including by acquiring a stake in the recently fired up LNG Canada.
Eni has signed an exploration contract with Côte d’Ivoire’s Ministry of Mines, Petroleum and Renewable Energies for the CI-707 offshore block in the Abidjan basin, the company announced on Wednesday.
“Investing now in solar, wind, hydro, and geothermal power is not just a moral and development imperative; it is also a strategic choice that strengthens supply chains, creates up to 38 million green jobs by 2030, and makes energy systems more resilient”, the Commission said.
MODEC has confirmed the award of full EPCI scope from ExxonMobil to build an FPSO for the Hammerhead development offshore Guyana, MODEC announced on Tuesday.
Exxon had nine functional companies that operated relatively independently from one another when Woods took over in 2017, creating layers of bureaucracy and duplication of support services. The company now has three main divisions — production, refining and low-carbon — all of which share services like engineering, IT and project management.
Sawan noted that natural gas is one of the best fuels to reduce emissions in places that currently rely heavily on coal, such as China, India, and the rest of Asia. “We are absolutely committed to this sector,” he said, reiterating Shell’s prediction from earlier this year that demand for liquefied natural gas is set to expand by 60% between now and 2040.