HOUSTON, TEXAS (Editors at Energy Analytics Institute, 14.May.2025, Words: 292) — Global Underwater Hub (GUH), which represents the UK’s £9bn subsea industry, backed plans for a high voltage deep sea cable production facility at the Port of Tyne. GUH welcomes the investment in the manufacturing of underwater cables which are […]
Category: UK
UK
Dräger Marine & Offshore wins five-year contract with UK North Sea operator
PHILADELPHIA, PENNSYLVANIA (Philipp Markopulos, Energy Analytics Institute, 7.May.2025) — Dräger Marine & Offshore (DMO), involved in field safety technology, secured a long-term deal with a major North Sea oil and gas operator. Due to run for 5-years, with a further 2 one-year extension options, the extension of the existing supply […]
Yutong Bus reveals major milestone for “net zero forest” initiative on Earth Day 2025
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 25.Apr.2025) — Yutong Bus, a commercial vehicle manufacturer from Asia, unveiled a landmark achievement in its Net Zero Forest initiative during the 2025 World Earth Day celebrations. As part of its long-term sustainability strategy and ESG-driven corporate social responsibility (CSR) framework, Yutong commits to plant 1 tree […]
Eni and the UK government reach financial close for the Liverpool Bay CCS project
HOUSTON, TEXAS (Ian Silverman, Energy Analytics Institute, 24.Apr.2025) — Eni reached financial close with the UK government’s department of energy security and net zero (DESNZ) for the Liverpool Bay CCS project, where the Italian company is the operator of the CO2 transport and storage system (T&S) of the HyNet industrial cluster. The financial close allows the […]
DNV qualifies Subtera’s corrosion under insulation (CUI) detection technology
HOUSTON, TEXAS (Ofelia Paredes, Energy Analytics Institute, 24.Apr.2025) — DNV successfully completed the technology qualification (TQ) of Subtera‘s passive terahertz sensor technology designed to detect corrosion under insulation (CUI) and the trapped moisture that causes it — a pervasive challenge in industrial plants. CUI is a leading cause of asset […]
North Star’s ships achieve Lloyd’s Register’s cyber resilience classification
ATLANTA, GEORGIA (Chad Archey, Energy Analytics Institute, 23.Apr.2025) — North Star has become the first organization in the world to have ships achieve Lloyd’s Register’s (LR) cyber resilience classification, in line with mandatory International Association of Classification Societies (IACS) standards implemented for all newbuilds from 1 Jul. 2024. The organization’s […]
WoodMac: US energy dominance faces long-term challenges
HOUSTON, TEXAS (WoodMac, 17.Apr.2025) — While the United States currently dominates global oil and gas production, it faces significant challenges to maintaining the same level of leadership in the coming decades, according to the latest Horizons report from Wood Mackenzie. According to the report Tough at the top: The threats […]
Perenco successfully concludes UK’s first CO2 injection test for CCS
HOUSTON, TEXAS (Ofelia Paredes, Energy Analytics Institute, 9.Apr.2025, Words: 245) — Perenco successfully conclued the UK’s first carbon dioxide (CO2) injection test for carbon capture and storage (CCS). The test involved the injection of CO2 into a depleted natural gas reservoir in the UK’s southern North Sea, marking a major […]
OEG formally unveils ‘industry-first’ vessel geometry assurance software – Geobase
ATLANTA, GEORGIA (Editors at Energy Analytics Institute, 9.Apr.2025) — OEG Energy Group Limited unveiled Geobase, the offshore industry’s first dedicated vessel dimensional control assurance solution for survey and positioning systems onboard ships and subsea vehicles to feature calibration software. Geobase has been developed as a database to help document survey […]
FET rolls out VisualDVR software for enhance subsea videos
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 8.Apr.2025) — Forum Energy Technologies, Inc. (FET) upgraded its video recording solutions, optimizing the survey and inspection of subsea assets. FET’s latest advancement will deliver superior video quality and a versatile array of signal inputs, the company announced on 8 Apr. 2025 in […]
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EAI’s 1Q:25 “NRG Prospector” full version [183-pg emag download]
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 3.Apr.2025, Words: 20,000) — Download Energy Analytics Institute‘s 183-page full version of the 1Q:25 NRG Prospector, which is only available to paying subscribers. And, this special price break ends soon. The 1Q:25 full version includes updates, analysis, features, commentaries and coverage from exclusive coverage […]
OPINION: INEOS calls for urgent reform of UK energy tax
LONDON, ENGLAND (Sir Jim Ratcliffe, Chairman and CEO of INEOS, 3.Apr.2025) — INEOS chairman and CEO Sir Jim Ratcliffe, in an opinion piece, said £150bn in value linked to the UK economy from the North Sea is at risk. Urgent reform of the UK energy tax is need, Ratcliffe argued: […]
GUH and SICA ink MOU for subsea supply changes in the UK and Australia
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 3.Apr.2025) — Global Underwater Hub (GUH), the trade and development body which represents the UK’s £9.2bn underwater industry, has joined forces with Subsea Innovation Cluster Australia (SICA) – a membership organization of companies in the Australian subsea industry – to foster innovation, collaboration […]
EAI 1Q:25 NRG Prospector condensed version [FREE emagazine download]
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 1.Apr.2025) — Download Energy Analytics Institute’s complimentary condensed 21-page 1Q:25 NRG Prospector emagazine with select stories from CERAWeek by S&P Global to others from Australia. Note, the 183-page full version of the NRG Prospector is only available for download to yearly subscribers of […]
NEO Energy Reveals Strategic Merger with Repsol Resources UK Creating North Sea Producer
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 27.Mar.2025) — NEO Energy, which operates and holds interests in UK North Sea assets offering organic growth opportunities, including infill drilling and development of discoveries close to existing infrastructure, announced a strategic merger with Repsol Resources UK. The deal creates a leading independent […]
Ithaca to Acquire JAPEX UK E&P Ltd for $193mn, Build its Seagull Field Interest
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 25.Mar.2025) — UK independent Ithaca Energy signed a sale and purchase agreement to acquire the entire issued share capital of JAPEX UK E&P Limited (JUK) from Japan Petroleum Exploration Co. Ltd for an enterprise value of $193mn based on an effective date of 1 […]
Wood Mackenzie Lowers 2025 Brent Price Estimate by $0.40/bbl to $73/bbl
HOUSTON, TEXAS (Philipp Markopulos, Energy Analytics Institute, 18.Mar.2025) — Wood Mackenzie is forecasting an average Brent crude oil price of $73 per barrel (bbl) in 2025, down $0.40/bbl from an estimate revealed in an early-Feb. 2025 monthly report. This price is $7/bbl lower compared to the average Brent price in […]
OEG Energy Group Opens New 2,000ft Edinburgh Office
HOUSTON, TEXAS (Lukas von Koch, Energy Analytics Institute, 17.Mar.2025) — OEG Energy Group Limited invested in a new office in Edinburg, which aims to strengthen its position in the UK renewables sector and supporting the rapid expansion of offshore wind projects across Scotland and beyond. The investment underlines OEG’s long-term […]
Baker Hughes Inks Deal to to Provide Power to US Data Centers
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 13.Mar.2025) — Baker Hughes received an award from TURBINE-X Energy Inc. for its NovaLT™ gas turbine technology to address power demand growth from the data center market. The award follows an announcement earlier this month that Baker Hughes will partner with Frontier Infrastructure […]
CERAWeek: bp plc CEO Murray Auchinclose on the conversations about Gen AI
HOUSTON, TEXAS (Philipp Markopulos, Energy Analytics Institute, 11.Mar.2025, Words: 779) — During CERAWeek by S&P Global, bp plc CEO Murray Auchinclose said his company and others have been shocked by the amount of energy demand that continues to rise and then all the conversations about generative artificial intelligence (Gen AI) […]
Baker Hughes and Woodside to Develop Small-Scale Decarbonization Solutions
BATON ROUGE, LOUISIANA (Steve Stewart, Energy Analytics Institute, 6.Mar.2025) — Baker Hughes and Austrailia’s Woodside Energy entered into a joint initiative to develop a lower carbon power generation technology solution utilizing the Net Power platform. Said platform is specifically designed for crude oil and natural gas (including liquefied natural gas or […]
NSTA reveals its overview 2025 for the UK energy space
HOUSTON, TEXAS (Ofelia Paredes, Energy Analytics Institute, 5.Mar.2025) — The UK is at the start of an exciting new chapter devoted to the vital energy transition which integrates the North Sea’s carbon capture, hydrogen, wind and oil and gas resources. The global climate crisis demands the “transition happens at pace […]
Xodus Acquires Daymark Energy Advisors, Expands Power Network Capabilities
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 4.Mar.2025) — Xodus, a global energy consultancy, acquired Daymark Energy Advisors to expand its power networks capabilities across international energy transition projects. The acquisition will allow Xodus to advise on projects from generation to demand. The additional capability will allow integrated advice on […]
Bristow highlights headwinds amid opportunities in Nigeria, Brazil and Suriname
HOUSTON, TEXAS (By editors at Energy Analytics Institute, 26.Feb.2025, Words: 393) — Bristow Group Inc., a global provider of innovative and sustainable vertical flight solutions, expects market conditions to remain constructive in 2025-26 amid headwinds facing the global energy sector. “Increased activity in the offshore energy industry, a tighter equipment […]
bp resets business strategy
ATLANTA, GEORGIA (Chad Archey, Energy Analytics Institute, 26.Feb.2025) — UK energy giant bp introduced a fundamentally reset strategy, with significant capital reallocation, and plans to drive improved performance, aimed at growing free cash flow, returns and long-term shareholder value. “Today we have fundamentally reset bp’s strategy. We are reducing and […]
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Shell LNG Outlook 2025 [PDF Download]
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 25.Feb.2025) — The global trade of liquefied natural gas (LNG) reached 407 million tonnes (Mt) in 2024, up just 3 Mt compared to 2023, marking the the lowest annual supply addition for 10 years, Shell plc announced on 25 Feb. 2025 in its […]
Arcadium Lithium Obtains Necessary Approvals Globally to Close Acquisition by Rio Tinto
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 13.Feb.2025) — Global lithium chemicals producer Arcadium Lithium plc has received all required pre-closing regulatory approvals in connection with the proposed acquisition of Arcadium Lithium by Rio Tinto. This includes merger control clearance being satisfied or waived in Australia, Canada, China, Japan, South […]
CERAWeek by S&P Global Houston, 10-14 Mar. 2025
HOUSTON, TEXAS (S&P Global, 10.Feb.2025) — The 43rd annual gathering of CERAWeek by S&P Global—the world’s preeminent energy conference—will convene energy industry leaders, experts, government officials and policymakers, as well as leaders from the technology, financial and industrial communities, 10-14 Mar. 2025 in Houston. CERAWeek 2025: Moving Ahead: Energy strategies for […]
GUH Taskforce to Address UK Subsea Cable Reliability [White Paper PDF]
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 15.Feb.2025) — Global Underwater Hub (GUH) published a white paper on its approach to tackling a crucial issue that could derail the UK’s clean energy ambitions. The trade and development body, which represents the UK’s £9.2bn underwater industry, aims to improve the performance […]
Trump’s Oil Tariffs on Canada and Mexico to Significantly Impact Crude Flows
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 higher prices would push a portion of US imports into overseas markets, according to a recent report from Wood Mackenzie. According to the report “How […]
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 remotely operated vehicle (ROV) system and a Dynacon Launch and Recovery System (LARS) to ACSM, the Spanish-headquartered global maritime survey and ROV services operator. The […]
UK-based bp to reduce workforce by 5%, says The Wall Street Journal
HOUSTON, TEXAS (By Ian Silverman, Energy Analytics Institute, 16.Jan.2025, Words: 132) — In a cost-cutting move, bp looks to cut 4,700 internal positions, which represent around 5% of its workforce, The Wall Street Journal reported. bp also looks to cut 3,000 contractor positions, the WSJ reported 16 Jan. 2025.
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 future oil & gas supply. But meeting this demand would require a significant increase in upstream investment, resulting in higher hydrocarbon prices and significant shifts […]
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 Limited for venting without consent at its Buzzard field, which is located 60 miles north-east of Aberdeen, on 2 separate occasions in the space of […]
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., inked contracts with Copenhagen Infrastructure Partners (CIP), through its flagship fund CI IV. The contracts cover delivery of 2 GWh DC of battery energy storage […]
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 in Oct. 2024 to the grant of consent for the Northern Endurance Partnership Environmental Statement. This decision opened the door for the award of the […]
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 company wholly acquired in Jun. 2024 with the announced intention to resale one half. West Burton owns a 1.3 GW gas fired power plant and […]
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 the UK’s first carbon capture and storage (CCS) projects in Teesside, the Northern Endurance Partnership (NEP) and Net Zero Teesside Power (NZT Power). “It is […]
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 CFO Sinead Gorman said 31 Oct. 2024 during the company’s third-quarter 2024 (3Q:24) webcast with analysts. Shell reported total production of 1.811 Mboe/d in the […]
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 performance in Integrated Gas, Upstream and Marketing. Shell’s cash flow from operations (CFFO) of $14.7bn for the 3Q:24 includes a working capital inflow of $2.7bn; […]
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 systems contracts, from the U.S. Gulf of Mexico on the bp Kaskida project, as well as other projects. ____________________ By Editors at Energy Analytics Institute. […]
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 shares in exchange for 4.8 million shares of Nabors common stock, subject to a share price collar. Parker provides drilling services across global energy markets. […]
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 terminal. “The certification of Grain LNG provides UK and European natural gas buyers with additional transparency about the level of emissions from imported LNG. US […]
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 plan with net proceeds of about $97mn. On 4 Sep. 2024, the new $270mn bank facility financing Flex Aurora and Flex Ranger was completed, and […]
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 aims to bring together the development of onshore renewable power projects through Lightsource bp. bp Wind Energy has interests in 10 operating onshore wind energy […]
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. The presentation is attached hereto, Flex LNG said 12 Sep. in an official statement. ____________________ By Energy Analytics Institute staff. © Energy Analytics Institute (EAI). […]
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. The new agreement between Akselos and Shell will extend successful projects with Shell Pearl GTL in Qatar, Shell Scotford in Canada, the Bonga FPSO and […]
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 software systems to drive operational and sustainability efficiencies across its operations, whilst also boosting its seafarers’ wellbeing. Its new digital solutions include a multi-million-pound investment […]
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 our drive to 2025. Our recent go-ahead of the Kaskida development in the Gulf of Mexico business, and decision to take full ownership of bp […]