EnQuest (LON: ENQ) plans to carry out its largest sanctioned programme of work since 2014 in the coming year, with a range of drilling and decom in the pipeline. In a trading update, the North Sea operator said operational expenditure is expected to total $430 million in 2022, with capital spend of $165 million, which includes drilling its first new …
Shell (LON:SHEL) has hailed a “momentous year” in 2021 and has made dual announcements to keep shareholders happy. The energy giant has announced an $8.5 billion share buyback scheme, which will take place in the first half of 2022. Shell also intends to increase its dividend per share by around 4% for the first quarter of 2022. Read the full …
Leaders from government, offshore energy, marine renewables, defence and aquaculture will feature in a packed programme for the much-anticipated Subsea Expo 2022. The flagship conference and exhibition for the underwater industry is primed to welcome UK and international delegates to Aberdeen’s P&J Live from 22 – 24 February. Organised by the Global Underwater Hub (GUH), the event’s theme of ‘Oceans of Opportunity’ will …
North Sea operator Repsol Sinopec Resources UK (RSRUK) has brought the supply chain up to speed on a raft of its projects. In a series of updates on the Oil and Gas Authority’s (OGA) project pathfinder database, the company revealed that a final investment decision (FID) on the Tain field is on the slate for later this year. A field development plan …
01/02/2022
FID at last for $10bn Lake Albert project
TotalEnergies and CNOOC Ltd have taken the final investment decision (FID) on Uganda’s Lake Albert development, finally triggering the start of work on the 240,000 barrel per day project. Ugandan President Yoweri Museveni, Tanzanian Vice President Philip Mpango and TotalEnergies head Patrick Pouyanné attended the ceremony this morning. The launch was held at the Kololo Independence Grounds, in Kampala. “I’m …
In climate circles, ‘energy transition’ is the phrase on everyone’s lips. The global effort to shift energy generation away from polluting fossil fuels to clean, green renewables is as massive a challenge as anything the world has faced. It isn’t just an abstract future, it’s a transition that has been well under way for decades. Speaking at Chatham House earlier …
TotalEnergies has agreed to sell a 20% stake in a package of West of Shetland assets to Kistos Energy in a deal worth more than $165 million (£123 million). Kistos, headed up by former RockRose Energy CEO Andrew Austin, will take up interests in the Greater Laggan Area fields and the Shetland Gas Plant, as well as interests in nearby …
MELBOURNE, Australia – New Zealand’s government has passed the Crown Minerals (Decommissioning and Other Matters) Amendment Bill. According to Cue Energy, a partner in the producing Maari and Manaia producing fields in the PMP 38160 permit in the offshore Taranaki basin, the legislation – still to be finalized – will change the decommissioning obligations of permit holders. As for recent activities on …
Viewers were told how decommissioning is the “unsung hero” of the energy transition during an Energy Voice event on Thursday morning. Hundreds of people tuned in for the opening session of Future North Sea (FNS) 2022 to hear about net zero decom from some of the oil and gas industry’s biggest players. The event was kicked off by an address from Mikki …
JF Decommissioning (JF Decom) will consolidate capabilities across the James Fisher group to provide support to the decommissioning needs of customers in the renewables and oil and gas markets Current decommissioning capabilities offered by James Fisher Offshore will transfer into JF Decom to provide a dedicated service capability through a single point of contact JF Decom to provide an ‘end-to-end’ …