Neptune Energy and its joint venture partners, bp and JAPEX have completed the safe and successful installation of the manifold and umbilical for the Seagull project in the UK Central North Sea. TechnipFMC, working under the Neptune Energy Alliance Agreement, undertook the construction activities on the development from the CSV Deep Star vessel. The activities […]

IOG, the Net Zero UK gas and infrastructure operator focused on high return projects, today provides a corporate and operational update. “The offshore subsea and hook-up scopes for the Blythe and Elgood fields are now complete. We continue to work closely with Bacton terminal operator Perenco and an enlarged workforce to complete the reception facilities […]

Maersk Drilling has been awarded a contract with ONE-Dyas B.V. which will employ the harsh environment jack-up rig Maersk Resolute to drill the IJssel and Clover exploration wells in the Dutch sector of the North Sea. The contract is expected to commence in December 2021, with a firm duration of 84 days. The contract value […]

Woodside has entered into a sale and purchase agreement with Global Infrastructure Partners (GIP) for the sale of a 49% non-operating participating interest in the Pluto Train 2 Joint Venture (Transaction). Pluto Train 2 is a key component of the proposed Scarborough development and includes a new LNG train and domestic gas facilities to be […]

The Company’s reported record net profit of $279 million (AED 1,025mm) as compared to a loss of $379 million (AED 1,390mm) in 9M 2020. The key drivers were higher oil prices, improved operational performance and other income. 9M 2021 profit included ‘Other Income’ of $608 million (AED 2,229mm) and a $78 million (AED 286mm) reversal […]

TechnipFMC has become a shareholder in the Scottish-based floating tidal turbine technology firm Orbital Marine Power. The investment and partnership aim to accelerate the commercialisation of Orbital’s technology and deliver the first commercial scale floating tidal field. Orbital has developed the world’s most powerful tidal turbine to date, with the capacity to meet the annual […]

The Board of Royal Dutch Shell plc (Shell) today announced a proposal to simplify the company’s share structure to increase the speed and flexibility of capital and portfolio actions. The simplification is designed to strengthen Shell’s competitiveness and accelerate both shareholder distributions and the delivery of its strategy to become a net-zero emissions business. Shell’s […]

Tullow Oil plc is pleased to announce the appointment of Phuthuma Nhleko as an independent non-executive Director and Chairman-designate of Tullow. Phuthuma will join the Board as a non-executive Director on 25 October 2021 and will take over as Chairman of Tullow from Dorothy Thompson, CBE, following a suitable handover period and after Dorothy steps […]

The Board of Eni, chaired by Lucia Calvosa, has approved the launch of a process for an Initial Public Offering and listing of shares in Eni’s newly merged Gas&Power retail and renewables business. Eni has concluded that an IPO is the preferred route to crystallize the value of the business and plans to complete the […]

Africa Oil Corp. absolved additional two key staff members to its management team in a strategy to strengthen its operational position as a global player in deepwater oilfield expertise. Africa Oil Corp. is a Canadian oil and gas company with producing and development assets in deepwater Nigeria; development assets in Kenya; and an exploration/appraisal portfolio in Africa and Guyana The […]