LONDON, ENGLAND (Wood Mackenzie, 6.Feb.2025) — US oil tariffs on Canada and Mexico would initiate a significant shift in crude flows in North America as […]
Category: England
England, UK
FET Inks ROV Deal with ACSM in the UK
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 30.Jan.2025) — The Forum Energy Technology (FET) Subsea product line secured a contract to provide a work class […]
UK-based bp to Reduce Workforce by 5%, Says The Wall Street Journal
HOUSTON, TEXAS (Ian Silverman, Energy Analytics Institute, 16.Jan.2025) — In a cost-cutting move, bp looks to cut 4,700 internal positions, which represent around 5% of […]
A Delayed Energy Transition and the Upstream Sector
LONDON, ENGLAND (Woodmac, 16.Jan.2025) — As the risk of a delayed energy transition scenario increases, so does the possibility of a much greater pull on […]
CNOOC Fined £825,000 for North Sea Flaring or Venting Breaches
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 9.Jan.2025) — The North Sea Transition Authority (NSTA) has imposed a penalty of £125,000 on CNOOC Petroleum Europe […]
e-STORAGE to Deliver 2 GWh to Copenhagen Infrastructure Partners in the UK
(Editors at Energy Analytics Institute, 8.Jan.2025) — Canadian Solar Inc. said that e-STORAGE, which is part of the company’s majority-owned subsidiary CSI Solar Co., Ltd., […]
Xodus Announces First Ever UK CCS Permit by the NSTA
(Editors at Energy Analytics Institute, 8.Jan.2025) — The Offshore Petroleum Regulator for Environment and Decommissioning, acting on behalf of the UK Secretary of State, agreed […]
TotalEnergies Divests 50% Interest in West Burton Energy
(Energy Analytics Institute, 16.Dec.2024) — France’s TotalEnergies sold to EPUKI, the United Kingdom (UK) subsidiary of EPH, a 50% interest in West Burton Energy, a […]
UK’s First CCS Projects in Teesside Progressing to Executive Phase
(Equinor, 10.Dec.2024) — Equinor, alongside project partners, announced financial close after taking a Final Investment Decision (FID) to progress to execution phase on two of […]
Equinor and Shell create UK’s largest independent
The Mariner field in the UK North Sea.
Photo: Jamie Baikie/Equinor
Shell Reports Sequential Rise in 3Q:24 Production
(Energy Analytics Institute, 31.Oct.2024) — Shell plc completed a number of scheduled maintenance activities ahead of time, which paved the way for higher production, Shell […]
Shell Reports 3Q:24 Results, Announces $3.5bn Buyback (PDF Downloads)
(Shell, 31.Oct.2024) — Shell Plc reported third-quarter 2024 (3Q:24) adjusted earnings of $6bn, despite the lower crude prices and weaker refining margins, reflect strong operational […]
TechnipFMC Announces 3Q:24 Results (PDF Download)
(Energy Analytics Institute, 24.Oct.2024) — TechnipFMC plc announced its third-quarter 2024 results and provided updates from Brazil on the Petrobras flexible pipe and subsea production […]
Nabors Announces Deal to Acquire Parker Wellbore
(Nabors, 15.Oct.2024) — Nabors Industries Ltd. and Parker Wellbore announced a definitive agreement under which Nabors will acquire all of Parker’s issued and outstanding common […]
Certification of Grain LNG Terminal Provides Additional Transparency
(MiQ, 8.Oct.2024) — MiQ, a company dedicated to emissions certification, announced certification of the Grain LNG terminal in the United Kingdom, which is Europe’s largest LNG […]
Flex LNG Finalizes $430mn in New Financings
(Flex LNG, 3.Oct.2024) — Flex LNG Ltd announced that the aggregate $430mn of new financings announced in the Q2:24 report have been completed according to […]
bp to Divest US Onshore Wind Operations, Focuses Onshore Renewables in Lightsource bp
ATLANTA, GEORGIA (Chad Archey, Energy Analytics Institute, 16.Sep.2024) — bp plc plans to divest its existing US onshore wind energy business, bp Wind Energy, and […]
Flex LNG Presentation at Pareto Securities’ Energy Conference
(Energy Analytics Institute, 12.Sep.2024) — TCEO Øystein Kalleklev will be presenting for Flex LNG 12 Sep. 2024 at the 31st Energy Conference hosted by Pareto Securities. […]
Shell and Akselos Ink Deal for Structural Performance Management
(Akselos, 28.Aug.2024) — Akselos, a provider of Structural Performance Management software, is pleased to announce a strategic enterprise agreement with SHELL INFORMATION TECHNOLOGY INTERNATIONAL B.V. […]
North Star Invests £5mn in Digital Transformation
(North Star, 20.Aug.2024) — North Star, the UK’s leading offshore infrastructure support vessel operator and service provider, has invested more than £5mn in new business support […]
bp’s 2Q:24 Results, Kaskida FID
(bp, 30.Jul.2024) — “Our businesses continue to operate safely and efficiently. We are driving focus across the business and reducing costs, all while building momentum in […]
Audi and bp in Strategic Partnership for Formula 1
(bp, 14.Jul.2024) – Audi and bp are joining forces in an extensive new strategic partnership in Formula 1. As Audi prepares to enter the pinnacle of […]
Scientists: Epoch Marked by human impact — the Anthropocene — Began in 1950s
(AP, 11.Jul.2024) — From climate change to species loss and pollution, humans have etched their impact on the Earth with such strength and permanence since […]
The bp Energy Outlook 2024
(bp, 10.Jul.2024) — This year’s Energy Outlook is focused on two main scenarios: Current Trajectory and Net Zero. These scenarios are not predictions of what is likely to happen or what […]
OMV Unveils New Corporate Identity
(OMV, 13.Jun.2024) — At its Capital Markets Day in London, OMV announced a new brand identity capturing the company’s ambition and significant progress towards becoming […]
DVNV Says Better Confidence Essential
(DNV, 10.Jun.2024) — DNV examines how digital twins can support the UK’s net-zero objectives in a new report, emphasizing the critical role of industry collaboration […]
TotalEnergies Buys Gas-Fired UK Power Plant
(TotalEnergies, 5.Jun.2024) — In line with its development as an integrated electricity player, TotalEnergies signed an agreement with EIG, an institutional investor in the global […]
Subsea7 Awarded Belinda Field Contract in the UK North Sea
(Subsea7, 27.May.2024) — Subsea7 announced the award of a sizeable1 contract by Serica Energy, for the Belinda field development south-east of the Triton FPSO. The Belinda field […]
UK Running Out of Options to Achieve a ‘Just and Fair’ Energy Transition by 2030
(RGU, 24.May.2024) — A new report by Robert Gordon University (RGU) has revealed that the UK will fail to achieve a ‘just and fair’ transition […]
Phillips 66 Reports 1Q24 Results, Highlights Strategic Priorities
(Phillips 66, 26.Apr.2024) — Phillips 66 (NYSE: PSX) announced first-quarter earnings of $748mn, compared with earnings of $1.3bn in the fourth quarter. Excluding special items […]
Nabors Reveals 1Q:24 Results
(Nabors, 24.Apr.2024) — Nabors Industries Ltd. (NYSE: NBR) reported first quarter 2024 operating revenues of $734mn, compared to operating revenues of $726mn in the fourth quarter of 2023. The net loss […]
China Remains the Clear Energy Transition Leader
(BloombergNEF, 10.Apr.2024) — Despite posting only modest growth in 2023, China remains by far the largest market for energy transition spending, reaching $676bn in 2023, […]
CERAWeek 2024 Boasts Delegate Attendance of 8,100+
(Energy Analytics Institute, 22.Mar.2024) — The CERAWeek by S&P Global, held 18-22 Mar. 2024 in Houston, Texas, boasted in attendance 8,100+ delegates (9,400+ when counting […]
Europe Gas Prices to fall amid High Storage Levels in 2024
(WoodMac, 14.Mar.2024) — Gas prices in Europe could fall as low as US$6.70 per million British thermal units (mmbtu) in the summer as the mild […]
Upstream FIDs to Rise in 2024, with focus on Deepwater Resources
(WoodMac, 14.Mar.2024) — Up to 30 upstream projects larger than 50 million of barrels of oil equivalent (boe) could reach FID in 2024, an increase […]
Upstream Scope 1 & 2 Emissions Intensity down 12% Since 2017
(Wood Mackenzie, 6.Mar.2024) — Scope 1 and 2 upstream emissions intensity has declined 12% since 2017, however, absolute emissions could plateau due to production growth, according […]
Further SNS Gas Gains from Perenco’s Ravenspurn Fields
(Perenco, 5.Mar.2024) — Perenco UK announced the successful start-up of gas production from its C06 well, a near-field discovery within the Ravenspurn South area of […]
EAI’s NRGBriefs: Feb. 2024
(Energy Analytics Institute, 29.Feb.2024) — Energy briefs as well as others related to finance and projects during Feb. 2024 including Exxon Mobil and CNOOC considering […]
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Shell LNG Outlook 2024 [PDF Downloads]
(Shell plc, 19.Feb.2024) — Global demand for liquefied natural gas (LNG) is estimated to rise by more than 50% by 2040, as industrial coal-to-gas switching […]
Carbon Intensity Regulation to Make, Break Low-carbon Hydrogen Market
(WoodMac, 15.Feb.2024) — The future of low-carbon hydrogen hinges on global policymakers introducing regulations and subsidies that focus on the carbon intensity of the hydrogen […]
Oil and Gas Cautiously Optimistic about AI
(Aspectus Group, 13.Feb.2024) — The eighth annual Global Energy Talent Index (GETI), the world’s most established and comprehensive energy workforce trends report, released today, highlights a […]
Diamond Offshore Reveals New Floater Commitments
(Diamond Offshore, 8.Feb.2024) — Diamond Offshore Drilling, Inc. (NYSE: DO) executed a two-year contract extension with a subsidiary of bp in the U.S. Gulf of […]
bp Reports 2023 Results [PDF Downloads]
(bp, 6.Feb.2024) — bp delivered strong underlying financial performance in 2023, raising the dividend by 10% and buying back $7.9bn of shares, with net debt […]
Venture Global and Grain LNG Ink New Deal
(Venture Global LNG, 5.Feb.2024) — Grain LNG and Venture Global announced the execution of a binding long-term terminal use agreement (TUA) enabling the regasification and […]
![Shell Plc Posts Year End 2023 Results [PDF Downloads]](https://energy-analytics-institute.org/wp-content/uploads/2023/12/Shell_Upstream_Americas_Gulf_of_Mexico_Platform__Ursa-source-shell.jpg)
Shell Plc Posts Year End 2023 Results [PDF Downloads]
(Shell Plc, 1.Feb.2024) — Shell plc released its fourth quarter results and fourth quarter interim dividend announcement for 2023. ____________________
Bristow Enters Into New Equipment Financing for up to £55mn
(Bristow Group, 24.Jan.2024) — Bristow Group Inc. (NYSE: VTOL) and its subsidiaries entered into a new twelve-year secured equipment financing for an aggregate amount up […]
Aquaterra Inks Three-year Analysis Deal with UK Operator
(Aquaterra Energy, 23.Jan.2024) — Aquaterra Energy, involved in global offshore energy engineering solutions, has secured a three-year contract with a leading UK independent exploration and […]
Coretrax Starts 2024 with Clutch Contracts, Ambitious Growth Plans
(Coretrax, 22.Jan.2024) — Coretrax, involved in oil and gas well integrity and production optimisation, is set for further growth with five multi-year contract wins secured for […]
Gas Prices Down 45% as 2024 Set to Remain Bearish
(Wood Mackenzie, 17.Jan.2024) — The market sentiment for gas and liquefied natural gas (LNG) will remain bearish into 2024 with European prices having fallen by […]
Coretrax Buys Well Technology, Secures Fresh Deals
(Coretrax, 16.Jan.2024) — Coretrax, a global leader in oil and gas well integrity and production optimisation, has strengthened its well intervention capabilities after acquiring a complementary […]