ExxonMobil has long advocated for federal methane regulations as the most effective way to reduce methane emissions at scale, and we are pleased that President Biden has prioritized reducing methane emissions as part of his administration’s plan to achieve the goals of the Paris Agreement – which we support. ExxonMobil recently participated in the annual […]

BW Offshore  has signed a share purchase agreement to become a strategic owner of Ideol S.A., a global pure player in floating offshore wind technology, creating a renewable energy company with market-leading capabilities based on in-house developed and proven technology, supported by BW Offshore’s extensive experience from development and operation of offshore energy production systems. […]

Technology Development Company for the global energy sector, Deep Casing Tools (DCT), has made a series of key senior appointments and created a new role as part of its strategic growth plans.  The appointments include Edward Kerr as Global Sales Manager, Kevin Robertson as Middle East Regional Manager, and David Charles as Well Engineer, who […]

Lightsource BP, a global leader in the development and management of solar energy projects, has ‎today announced the acquisition of an 845 megawatt (MW) solar portfolio in Spain from Iberia Solar, a local ‎solar developer and part of the Asterion Energies platform, a portfolio company of Asterion Industrial ‎Partners. Asterion is an independent investment management […]

Petrofac, Repsol Sinopec Resources UK and TechnipFMC announce the formation of an innovative industry alliance which seeks to maximise the recovery of oil and gas from the UK Continental Shelf (UKCS). The partnership will work together to offer the owners of oil and gas discoveries near Repsol Sinopec’s existing North Sea infrastructure hubs an integrated, […]

BP has joined the IBM Quantum Network to advance the use of quantum ‎computing in the energy industry.‎‎ ‎ By joining the IBM Quantum Network™ as an Industry Partner, BP will have access to IBM’s ‎quantum expertise and software and cloud-based access to the most advanced quantum ‎computers available via the cloud. This includes access […]

Shell today set out its strategy to accelerate its transformation into a provider of net-zero emissions energy products and services, powered by growth in its customer-facing businesses. A disciplined cash allocation framework and rigorous approach to driving down carbon emissions will deliver value for shareholders, customers and wider society. Shell also confirmed its expectation that […]

Tullow Oil plc (Tullow) is pleased to announce that it has signed two separate sale and purchase agreements with Panoro Energy ASA (Panoro) for all of Tullow’s assets in Equatorial Guinea (the EG Transaction) and the Dussafu asset in Gabon (the Dussafu Transaction). Rahul Dhir, Chief Executive Officer of Tullow, and Les Wood, Chief Financial Officer, will […]

EnQuest has signed an agreement with Suncor Energy UK Limited  to purchase Suncor’s entire 26.69% non-operated equity interest in the Golden Eagle area, comprising the producing Golden Eagle, Peregrine and Solitaire fields (‘the Transaction’) for an initial consideration of US$325 million. HIGHLIGHTS Adds immediate incremental production of c.10 kboepd, c.18 MMbbls to net 2P reserves […]

Shell a global integrated exploration and production company has released its financial and operational year report for the fourth quarter 2020. Integrated gas and new energies LNG realised prices significantly below Q4 2019, with some recovery seen during the quarter. Average trading and optimisation results. Lower opex driven by lower operations and maintenance costs as […]