BP plans deep cuts to its carbon emissions by 2050, setting one of the oil sector's most ambitious targets, as part of the biggest overhaul in the 111-year old company's history by new chief executive Bernard Looney. The targets set on Wednesday put BP ahead of rivals Royal Dutch Shell and Total…
Succeeding with marginal developments was a central topic to an entire afternoon session and yesterday’s Subsea Expo event in Aberdeen.Led by the Oil and Gas Authority (OGA), it was a session with some genuinely new ideas and open minds on show…
The energy companies that own Israel's offshore Leviathan gas field are seeking partners to build a floating liquefied natural gas (FLNG) platform and possibly to explore for oil in ultra-deepwater, a CEO from the group said. Leviathan, one…
Kosmos Energy has said that it has, with its partners in the offshore Senegal/Mauritania Greater Tortue Ahmeyim project, signed a deal to sell 2.45 million tonnes per annum of LNG to BP's subsidiary BP Gas Marketing.The sales and purchase agreement is valid for an initial term of up to 20 years…
Chevron has hired Aquaterra Energy for the design and support installation of a Sea Swift offshore platform at an offshore field in Angola.Destined for the Lifua-A field, the conductor supported platform (CSP) will be designed and installed in 60m of water…
It is up to governments to drive decarbonisation and consumers will have to pay more to achieve carbon neutrality, Total's chief executive said, adding the French firm has no intention of moving away from oil and gas production.Oil firms should…
Oslo-based energy market intelligence firm Rystad Energy has slashed its global oil demand forecast for 2020 by a quarter, citing the impact of the novel coronavirus.Rystad has pointed to the fact that the coronavirus epidemic in China has triggered…
As a new decade starts, offshore wind development continues to progress. Actually, it’s probably more accurate to write that the development of the development of offshore wind (OFW) continues to, uh, well, develop.Apologies for that mild sarcasm…
Azerbaijan plans to increase natural gas production this year, but slightly lower oil production due to the level of existing reserves, the vice president of state energy company SOCAR said in an interview. Yashar Latifov told Reuters the country planned to produce 38…
Somali President Mohamed Abdullahi Farmajo has signed landmark petroleum legislation into law to help open up a new frontier market, the oil ministry said on Saturday. The upper house of Somalia’s parliament in January approved the petroleum…
ASX-listed Cooper Energy has signed a new gas supply agreement with O-I, an industrial gas user and Australia’s largest manufacturer of glass container products.The gas is to be supplied from Cooper's equity share of production from its Casino Henry operations offshore Victoria…
Oil prices slipped lower on Monday as traders assessed China's oil demand following the coronavirus outbreak and waited to see if major producers will cut output further to balance markets. Oil is off more than 20% from peaks struck in January…
There were 268 offshore drilling rigs active in the world in January 2020, oilfield services giant Baker Hughes said in its monthly rig count report released Friday.This is a slight increase compared to 266 offshore rigs actively exploring for oil and gas counted in January 2019…
UK (and Norwegian) taxpayers are largely footing Equinor’s wind-energy success by helping the offshore oil, gas and renewables player operate a healthy profit and hand out dividends, Norwegian news reports have been trumpeting of late.It was Stavanger Aftenblad…
UK North Sea-focused Hurricane Energy saw its share price drop on Thursday morning after the company's scrapped plans to tie-back the Lincoln Crestal offshore well to the Aoka Mizu FPSO this summer.The company had drilled the Lincoln Crestal…