Australian Energy Producers, representing Australia’s upstream oil and gas exploration and production industry, has urged the Commonwealth to fix – what it deems as – the broken offshore regulatory system after the logjam of energy supply and carbon capture projects awaiting approval was exposed.
Argeo announced on November 9 that it had signed a NOK 55 million (over $4.9 million) contract for the Bonga field subsea assets work program for Shell Nigerian Exploration and Product Company (SNEPCo) and local content partner GOSL.
Ghana is ranked 5th in Africa with the highest offshore oil rig demand, according to the 2024 State of African Energy by the African Energy Chamber.
South Korea’s leading chemicals producer LG Chem and Italian energy group Eni Sustainable Mobility are exploring the possibility to develop and operate a new biorefinery at LG Chem’s Daesan chemical complex, 80 kilometers southwest of Seoul, South Korea.
African Energy Chamber (AEC) Celebrates Panoro Energy’s Hibiscus South Oil Discovery
Kosmos Energy Ltd. has seen net earnings more than triple to $85.19 million for the third quarter against the prior three-month period, and announced a pending takeover of the operatorship of Senegal’s Yakaar-Teranga gas field.
Shell is suing Greenpeace for $2.1 million in damages after the environmental group’s activists boarded the company’s oil production vessel in transit at sea this year, according to Greenpeace and a document seen by Reuters.
A statement posted on the U.S. Office of Cybersecurity, Energy Security, and Emergency Response’s (CESER) website late Monday noted that the U.S. Department of Energy’s (DOE) Office of Petroleum Reserve announced a supplemental solicitation for up to three million barrels of oil for delivery in January 2024.
Seagull has a capacity of 50,000 barrels of oil equivalent gross.
Offshore Energies UK has responded to today’s King’s Speech. The speech led on economic growth and outlined the ‘Offshore Petroleum Licensing Bill’ to regularize licensing for the UK’s homegrown oil and gas industry, together with an ambition to attract renewable investment and reform grid connections across the nation.