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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.

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.

Asia must reach net zero before the world can do so, says Petronas CEO
July 4, 2023
Source: CNBC

Asia must reach net zero before the world can do so, says Petronas CEO

Asia needs to reach net zero before the world can do so, Tengku Muhammad Taufik said when asked about his views on the world’s net-zero targets. Encompassing fossil fuels as part of the energy base, at least for the first half of the century, is needed if the world wants to move itself away from energy shocks, the Petronas CEO added.

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.

Booming jack-up drilling market means rewards for shareholders
June 22, 2023
Source: Upstream Online

Booming jack-up drilling market means rewards for shareholders

Borr and Shelf say capital returns to shareholders will be enabled by thriving market conditions

Oil and gas exploration interest is growing, but will the money follow?
June 22, 2023
Source: Upstream Online

Oil and gas exploration interest is growing, but will the money follow?

New oil and gas is needed, but source of financing to drill remains an issue

Pure Oil & Gas advances Texas drilling operations at first well
June 19, 2023
Source: World Oil

Pure Oil & Gas advances Texas drilling operations at first well

Southern ITS International, Inc. announced that its subsidiary, Pure Oil & Gas, Inc., is providing a Progress Report on its first well drilled in Eastland County, Texas.

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.

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 CEO says EV charging stations in China are hot, predicts ‘robust’ oil and gas demand
June 15, 2023
Source: CNBC

Shell CEO says EV charging stations in China are hot, predicts ‘robust’ oil and gas demand

Shell CEO Wael Sawan sees “very robust” demand for oil and gas in the near and medium term, he told CNBC’s “Squawk Box” on Wednesday. British energy giant Shell is boosting its oil and gas production to book profits in the near term. It’s also building out electric vehicle charging stations across Asia.

Oil giant Shell’s UK ad campaign banned for being ‘likely to mislead’ consumers
June 9, 2023
Source: CNBC

Oil giant Shell’s UK ad campaign banned for being ‘likely to mislead’ consumers

First published in 2022, the ban concerns a poster seen in Bristol in southwest England, a TV ad and a video posted on Shell’s YouTube channel.

Petrobras to contract subsea gear for FPSO pair in ultra-deepwater new frontier
May 30, 2023
Source: Upstream Online

Petrobras to contract subsea gear for FPSO pair in ultra-deepwater new frontier

Brazilian oil giant Petrobras has issued a tender to contract a fresh batch of subsea trees and associated equipment to assist in the development of two producing units to be deployed in the ultra-deepwater section of the Sergipe-Alagoas basin.

The intensity of methane emissions from oil and gas sector has declined, study finds
May 24, 2023
Source: CNBC

The intensity of methane emissions from oil and gas sector has declined, study finds

The intensity of methane and greenhouse gas emissions from the oil and gas sector declined 28% and 30%, respectively, between 2019 and 2021 among the largest producers in the country, according to an analysis published by the nonprofits Clean Air Task Force and Ceres.

Oil price dip ignores burgeoning Chinese demand and imminent supply crunch, IEA warns
May 19, 2023
Source: CNBC

Oil price dip ignores burgeoning Chinese demand and imminent supply crunch, IEA warns

The IEA has underlined a disconnect between investment sentiment fueled by broader economic fears and tightening supply-demand balances.

Wildfires burn millions of acres in Canada, send oil prices higher
May 19, 2023
Source: CNBC

Wildfires burn millions of acres in Canada, send oil prices higher

Wildfires burning across western Canada have forced thousands of people to evacuate their homes and have prompted some oil and gas companies to curb production as blazes approach pipelines.

Three players chase DR Congo coastal basin play
May 15, 2023
Source: Upstream Online

Three players chase DR Congo coastal basin play

Oil companies have submitted expressions of interest in acreage, according the hydrocarbon minister

Philippines LNG protest comes to London, targets Shell, financiers
May 12, 2023
Source: EnergyVoice

Philippines LNG protest comes to London, targets Shell, financiers

A protest movement opposing plans for a Shell-backed regasification terminal in the Philippines has come to London to have its voice heard.

Awilco will not appeal arbitration ruling against Keppel
May 12, 2023
Source: EnergyVoice

Awilco will not appeal arbitration ruling against Keppel

Keppel claimed $440mn plus interest for the first rig million and $269mn plus interest for the second rig. Awilco has warned that any ruling against the company could result in bankruptcy.

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