Petrofac has landed two contracts with India’s largest private oil and gas exploration company. With a combined value of around $100 million (£74m), the deals with Cairn Oil & Gas, include the energy services provider’s first significant operations and maintenance (O&M) contract in India. Petrofac will carry out work at the Ravva oil and gas field in the Krishna Godavari Basin, in coastal …
Developers of the Inch Cape wind farm off the coast of Angus have picked Montrose Port as its future operations and maintenance base, should the project secure government backing. Inch Cape, comprised of 72 turbines located around 9 miles off the Angus coast, is being co-developed by Edinburgh-based Red Rock Power and ESB. The developers say the selection of Montrose port …
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 …