(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 […]
Category: UK
UK
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 […]
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, […]
Shell and Akselos Ink Deal for Structural Performance ManagementÂ
(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 […]
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 […]
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 […]
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 motor racing in 2026, which […]
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 middle of the 20th […]
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 bp would like to happen. […]
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 net-zero by 2050. In line […]
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 and trust in ensuring the […]
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 energy sector, for the acquisition […]
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 is operated by Serica Energy […]
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 by 2030 unless there is […]
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 of $74mn, the company had […]
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 attributable to Nabors shareholders for […]
Weatherford Releases 1Q:24 Financial, Operational Results
(Weatherford, 24.Apr.2024) — Weatherford International plc (NASDAQ: WFRD) announced its results for the first quarter of 2024 and operational updates from Oman, the U.S. Gulf of Mexico, Canada, Thailand and […]
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, according to a report by […]
CERAWeek 2024 Boasts Delegate Attendance of 8,100+Â
(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 staff, vendors etc), a record […]
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 winter will see storage levels […]
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 from 22 in 2023, according […]
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 to a new report from […]
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 the Southern North Sea (SNS). […]
EAI’s NRGBriefs for Feb. 2024: Guyana, Mexico, Uruguay and Venezuela
HOUSTON, TEXAS (By editors with Energy Analytics Institute, 29.Feb.2024, Words: 3,790) — Energy briefs as well as others related to finance and projects during Feb. 2024 including Exxon Mobil and […]
![Shell LNG Outlook 2024 [PDF Downloads]](https://energy-analytics-institute.org/wp-content/uploads/2024/02/shell-lng-outlook-2024.png)
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 gathers pace in China and […]
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 produced rather than its colour, […]
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 cautious approach to AI adoption […]
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 Mexico for the Ocean BlackLion, commencing […]
Bristow on Coast Guard Search and Rescue Aviation Services in Ireland
(Bristow, 7.Feb.2024) — Bristow Ireland Limited, a subsidiary of Bristow Group Inc. (NYSE: VTOL), the leading global provider of innovative and sustainable vertical flight solutions, has received its Air Operator […]
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 falling to its lowest level […]
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 sale of LNG from all […]
![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 to £55mn with a syndicate […]
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 production company to provide analysis […]
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 2024 and plans to grow […]
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 45% to US$10 per million […]
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 suite of technology from Wireline Drilling […]
Xergy Opens News Offices in Australia and Scotland
(Xergy, 15.Jan.2024) —Technology company, Xergy, has opened new offices in Perth, Australia, and Dundee in Scotland to support increasing demand for its project management software, Proteus.  The new offices have […]
Key Upstream Things to Watch in 2024: WoodMac
(WoodMac, 10.Jan.2024) — Geopolitical tensions, a record year for elections and economic uncertainty will define the backdrop to the upstream industry in 2024. Wood Mackenzie recently released its What to Look […]
Energy Domain Looks to Future with Energent Acquisition
(Energy Domain, 4.Jan.2024) — Energy Domain, the tech-enabled online marketplace based in Fort Worth, Texas, has successfully acquired market intelligence technology product Energent from U.K.-based Westwood Global Energy Group. Founded […]
EnerMech Extends Training with OPITO Accreditations
(EnerMech, 19.Dec.2023) — EnerMech’s training centre in Aberdeen has achieved two additional OPITO global training accreditations, allowing the business to develop the skills and competencies of personnel working in lifting […]
Nabors Completes Business Combination Between NETC
(Nabors, 19.Dec.2023) — Nabors Industries Ltd. (NYSE: NBR) issued the following statement from Chairman, President and CEO Anthony G. Petrello regarding the closing of the previously announced business combination between Nabors Energy Transition […]
S&P Global Releases its 2024 Energy Outlook
(S&P Global, 14.Dec.2023) — Analysts at S&P Global Commodity Insights, an independent provider of information, data, analysis, benchmark prices and workflow solutions for the commodities, energy and energy transition markets, […]
China’s Solar Production Costs Fall by 42% in Last Year
(WoodMac, 14.Dec.2023) — The cost of producing solar modules in China has dropped by 42% in the last 12 months to US$0.15 per watt (/W) giving manufacturers in the country […]
Shell 3Q:23 Euro and GBP Equivalent Dividend Payments
(Shell plc, 11.Dec.2023) — The Board of Shell plc announced the pounds sterling and euro equivalent dividend payments in respect of the third quarter 2023 interim dividend, which was announced […]
DNV Names Head of CCUS
(DNV, 6.Dec.2023) — DNV, the independent energy expert and assurance provider, has announced the appointment of Jamie Burrows as head of its Energy Systems business area’s Carbon Capture, Utilization, and Storage (CCUS) […]
New Unitized Commercial Structure for Atlantic LNG
(Office of the Prime Minister of Trinidad and Tobago, 5.Dec.2023) — The government has secured a new unitized commercial structure for Atlantic LNG which allows the National Gas Company of […]
UK Energy Transition Outlook
(WoodMac, 23.Nov.2023) — Energy policy is a political hot topic in the UK. Broadly, ambition is high: net zero by 2050 targets are enshrined in law, and the UK has […]
Deep Casing Deloitte Technology Fast 50 List for 2023
(Deep Casing, 21.Nov.2023) — Deep Casing Tools placed 36th in the 2023 Deloitte UK Technology Fast 50, a ranking of the 50 fastest-growing technology companies in the UK. Rankings are […]
LNG Market Needs 90 Mtpa of Add’l Supply by 2035: WoodMac
(WoodMac, 14.Nov.2023) — The global liquefied natural gas (LNG) sector will need 90 million tonnes per annum (mtpa) of new supply by 2035 to sate growing demand with market volatility […]