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Canadian offshore oil play set for multi-well exploration campaign
July 14, 2023
Source: Upstream Online

Canadian offshore oil play set for multi-well exploration campaign

Suncor Energy could drill up to 16 exploration and appraisal wells in prospective block in Newfoundland & Labrador

Xi Keeps Focus on Emissions as China Seeks Energy Security
July 13, 2023
Source: RIGZONE

Xi Keeps Focus on Emissions as China Seeks Energy Security

China’s President Xi Jinping called for greater efforts to curb carbon dioxide emissions, a signal the biggest polluter won’t backslide on climate targets even as it turns to fossil fuels for energy security.

Analyst Sees No Realistic Prospect of Iran Nuclear Deal Being Restored
July 13, 2023
Source: RIGZONE

Analyst Sees No Realistic Prospect of Iran Nuclear Deal Being Restored

The Head of Geopolitics at Energy Aspects, Richard Bronze, has told Rigzone that he doesn’t see any realistic prospect of the 2015 Iran nuclear deal (the Joint Comprehensive Plan of Action) being restored after the failed negotiations over 2021-22.

Eni delivers first LNG cargo to Italian terminal
July 11, 2023
Source: World Oil

Eni delivers first LNG cargo to Italian terminal

Eni delivered a gas cargo of 90 MMcm to the SNAM regasification terminal in Piombino, Italy, on July 8. Unloading operations took place following the completion of the test phase and mark the beginning of the terminal’s commercial operation.

Thai oilfield shut down again after second FSO incident within months
July 10, 2023
Source: Upstream Online

Thai oilfield shut down again after second FSO incident within months

Valeura Energy shuts in 2400 barrels per day of oil at Wassana after floating storage and offloading vessel hits Calm buoy

ASCO appoints senior energy professional as new CFO
July 5, 2023
Source: World Oil

ASCO appoints senior energy professional as new CFO

ASCO, a global integrated logistics and materials management company, has appointed Tony Wright as its new Group Chief Financial Officer (CFO) following the retirement of Gary Paver.

Here’s what the latest OPEC+ oil cuts mean for 3 big U.S. energy holdings
July 4, 2023
Source: CNBC

Here’s what the latest OPEC+ oil cuts mean for 3 big U.S. energy holdings

An offshore drilling platform stands in shallow waters at the Manifa offshore oilfield, operated by Saudi Aramco, in Manifa, Saudi Arabia, on Wednesday, Oct. 3, 2018.

APAC-focused independent in managerial shake-up
July 3, 2023
Source: Upstream Online

APAC-focused independent in managerial shake-up

Singapore-headquartered upstream independent Jadestone Energy intends to strengthen its executive management team following the past several months that its chairman Dennis McShane admits have been “disappointing” to all its stakeholders.

NSTA: North Sea can support UK energy security, net zero and thousands of high-skilled jobs
June 28, 2023
Source: World Oil

NSTA: North Sea can support UK energy security, net zero and thousands of high-skilled jobs

The North Sea’s massive potential contribution to energy security, net zero, jobs and investment topped the agenda at an industry and government summit in Aberdeen on June 27.

ExxonMobil “scales up” carbon capture business in Louisiana with $600,000 university donations
June 26, 2023
Source: World Oil

ExxonMobil “scales up” carbon capture business in Louisiana with $600,000 university donations

Louisiana’s Vermilion Parish will be home to a landmark CO2 transportation and storage project ExxonMobil is building to help the state’s industries reduce their emissions.

American Carbon Registry lists “first of it’s kind” oil, gas well plugging project by Rebellion Energy
June 19, 2023
Source: World Oil

American Carbon Registry lists “first of it’s kind” oil, gas well plugging project by Rebellion Energy

On June 8, a Rebellion Energy Solutions methane-abatement and land-restoration project became the first orphan oil-and-gas well plugging project to be listed by the American Carbon Registry. Rebellion's project, for which it completed operations last month, is designed to generate durable, verifiable carbon-offset credits under ACR's recently finalized methodology.

Baker Hughes awarded major subsea contract from Eni for Africa’s first project with clear Scope 1, 2 carbon reduction goals
June 19, 2023
Source: World Oil

Baker Hughes awarded major subsea contract from Eni for Africa’s first project with clear Scope 1, 2 carbon reduction goals

Baker Hughes, an energy technology company, has been awarded a major contract by Eni and its partner Petroci for the Baleine Phase 2 project in Ivory Coast, Africa’s first Scope 1 and 2 net-zero emissions development.

Global oil demand to peak before the end of the decade as energy transition gathers pace, IEA says
June 15, 2023
Source: CNBC

Global oil demand to peak before the end of the decade as energy transition gathers pace, IEA says

Global oil demand growth will trickle nearly to a halt by 2028, the International Energy Agency found in its latest Oil 2023 medium-term market report.

Shell chief Wael Sawan reveals strategy shift with focus on upstream cash flows and higher dividend
June 14, 2023
Source: Upstream Online

Shell chief Wael Sawan reveals strategy shift with focus on upstream cash flows and higher dividend

New Shell chief Wael Sawan has shown his hand at the supermajor with a long-anticipated strategy shift confirmed today.

UK windfall tax: Workers are the real victims in Energy Profits Levy dispute
June 14, 2023
Source: Upstream Online

UK windfall tax: Workers are the real victims in Energy Profits Levy dispute

Government and companies must co-operate to ensure more workers do not fall victim to oil and gas tax schemes that go awry

MAN Energy introduces auxiliary engine aimed at reducing emissions
June 13, 2023
Source: World Oil

MAN Energy introduces auxiliary engine aimed at reducing emissions

MAN Energy Solutions has introduced its latest engine, an auxiliary MAN 35/44DF CD type. Developed in cooperation with STX Engine and solely for production by MAN licensees, the new engine is particularly aimed at container and LNG carrier applications​.

The homeowner basics of financing solar power for residential real estate
May 24, 2023
Source: CNBC

The homeowner basics of financing solar power for residential real estate

The Inflation Reduction Act, as well as local, state, lender and utility incentives have made residential solar energy systems more attractive improvement projects for homeowners.

Column-Mind the gap! The reality of ongoing fossil fuel versus renewable ambition : Russell
May 17, 2023
Source: REUTERS

Column-Mind the gap! The reality of ongoing fossil fuel versus renewable ambition : Russell

Australia’s vast liquefied natural gas (LNG) industry is trying to pull off something that seems almost impossible. They want to lead the transition to clean and renewable energy, while at the same time continuing to invest in, and produce fossil fuels.

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