Shell Chief Executive Officer, Ben van Beurden, said:“The war in Ukraine is first and foremost a human tragedy, but it has also caused significant disruption to global energy markets and has shown that secure, reliable and affordable energy simply cannot be taken for granted. The impacts of this uncertainty and the higher cost that comes […]

Neptune Energy has secured new renewable electricity supplies for its operated assets in Germany, reducing emissions by more than 11,000 tonnes of CO2 per year, a 40% reduction in the company’s scope two emissions in the country. Reducing emissions in the production of oil and gas is a key part of Neptune’s lower carbon strategy. […]

PGS has secured solid industry pre-funding for a large MultiClient survey on the Northwest shelf of the Norwegian Sea. The Ramform Atlas is currently mobilizing for the survey, with scheduled acquisition start around May 10. “This is the first large-scale MultiClient survey we are acquiring offshore Norway since 2020, as we experience increasing demand for high-fidelity MultiClient data […]

Enwell Energy, the AIM-quoted oil and gas exploration and production group, today announced the results of the SV-31 well at its Svyrydivske (SV) gas and condensate field in Ukraine. The SV-31 well is a development well, targeting production from the V-21 and V-22 horizons in the Visean formation. The well was spudded in September 2021 […]

BP has Reported loss of $20.4 billion, underlying replacement cost profit of $6.2 billion Highlights Reported loss for the quarter was $20.4 billion, compared with a profit of $2.3 billion for the fourth quarter 2021. The reported result includes adjusting items* before tax of $30.8 billion. Adjusting items include pre-tax charges of $24.0 billion and […]

Shell Brasil Petróleo Ltda. (Shell Brasil), a subsidiary of Shell plc, has announced the start of production of the FPSO Guanabara in the Mero field, offshore Santos Basin in Brazil. The FPSO Guanabara, which while under construction was also known as Mero-1, has an installed capacity of 12 million cubic meters of natural gas and […]

IOG, the Net Zero UK gas and infrastructure operator focused on high return projects, provides the following full operational update. Blythe & Elgood Facilities, Infrastructure & ReservoirsOver the initial seven weeks of production, the Bacton terminal operator Perenco (UK) Limited (PUK), IOG and its Pipeline and Facilities Duty Holder ODE Asset Management (ODEAM) have been […]

Maersk Drilling has secured a contract with Aker BP, on behalf of the Ivar Aasen license, who will employ the ultra-harsh environment jack-up rig Maersk Invincible for the drilling of three infill wells at the Ivar Aasen field offshore Norway. The contract has an estimated duration of 86 days and is expected to commence in […]

W&T Offshore, Inc. has announced the signing of a Memorandum of Understanding (MOU) with Korea National Oil Corporation (KNOC) to jointly consider and pursue various opportunities in upstream oil and gas as well as other potential joint venture opportunities along the energy value chain in North America. This non-binding MOU allows both parties to collectively […]

Seadrill Limited has been awarded three contracts by a leading operator for the West Ariel, West Cressida, and West Leda for work in the Middle East. The firm-term of each contract is three years with expected commencement between Q1 2023 and Q2 2023. Total contract value for the three contracts is approximately $404m (inclusive of mobilization […]