Category: UK

UK

Scientists: Epoch Marked by human impact — the Anthropocene — Began in 1950s

  • 0

(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 century that a special team of scientists says a new geologic epoch began then. Called the Anthropocene — and derived […]

The bp Energy Outlook 2024

  • 0

(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. Rather they explore the possible implications of different judgements and assumptions concerning the nature of the energy transition. The scenarios […]

OMV Unveils New Corporate Identity

  • 0

(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 with OMV’s Strategy 2030, the new brand identity embodies the purpose of re-inventing essentials for sustainable living, as it evolves […]

DVNV Says Better Confidence Essential

  • 0

(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 substantial contribution of digital twins to the energy transition. This report includes interviews with regulators, asset owners, consultancies, and government […]

TotalEnergies Buys Gas-Fired UK Power Plant

  • 0

(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 of all the shares of West Burton Energy for an enterprise value of ÂŁ450mn. West Burton Energy owns and operates […]

Subsea7 Awarded Belinda Field Contract in the UK North Sea

  • 0

(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 and located approximately 190 kilometres east of Aberdeen in the UK Central North Sea, with a water depth of 95 […]

Nabors Reveals 1Q:24 Results

  • 0

(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 the quarter was $34mn, compared to a net loss of $17mn in the fourth quarter. This equates to a loss of $4.54 per diluted share, […]

China Remains the Clear Energy Transition Leader

  • 0

(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 BloombergNEF. This is 38% of the global total. The US is the second-largest funding destination for energy transition technologies, with […]

CERAWeek 2024 Boasts Delegate Attendance of 8,100+ 

  • 0

(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 compared to the prior record of 7,200+ delegates at CERAWeek 2023. CERAWeek counted on 1,400 speakers and tons of S&P […]

Europe Gas Prices to fall amid High Storage Levels in 2024

  • 0

(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 remain above 55% according to a new report by Wood Mackenzie. The report, ‘‘Europe gas and power markets short-term outlook […]

Further SNS Gas Gains from Perenco’s Ravenspurn Fields

  • 0

(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). During Q4 2023, the deviated well 42/30-C06 was drilled and completed with the Valaris-247 rig in 48m water depth, delivering […]

EAI’s NRGBriefs for Feb. 2024: Guyana, Mexico, Uruguay and Venezuela

  • 0

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 CNOOC considering their pre-emption rights to Hess Corp.’s stake in the offshore Stabroek Block; increases in electricity for the majority […]

Oil and Gas Cautiously Optimistic about AI

  • 0

(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 in the oil and gas industry, wide interest in AI skills development, and a slowing of salary growth. According to […]

Diamond Offshore Reveals New Floater Commitments

  • 0

(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 in Sep. 2024 in direct continuation of the rig’s current contract. This contract extension represents approximately $350mn of additional backlog. […]

Bristow on Coast Guard Search and Rescue Aviation Services in Ireland

  • 0

(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 Certificate (AOC) from the Irish Aviation Authority (IAA), marking a significant step towards the next generation of Coast Guard search […]

bp Reports 2023 Results [PDF Downloads]

  • 0

(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 over the past decade ____________________

Venture Global and Grain LNG Ink New Deal

  • 0

(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 of Venture Global’s terminals in Louisiana, including CP2 LNG, subject to obtaining necessary federal permits. Under the agreement, Venture Global […]

Aquaterra Inks Three-year Analysis Deal with UK Operator

  • 0

(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 services across the company’s global offshore operations – delivering vital insights to optimise their operational performance. The contract will see […]

Coretrax Starts 2024 with Clutch Contracts, Ambitious Growth Plans

  • 0

(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 its footprint in Asia Pacific by a further 30% this year. The company also expects to increase its 320 -strong […]

Gas Prices Down 45% as 2024 Set to Remain Bearish

  • 0

(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 British thermal units (mmbtu) in the past three months according to a report by Wood Mackenzie.  The report â€˜Global Gas and […]

Coretrax Buys Well Technology, Secures Fresh Deals

  • 0

(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 Technologies.   The significant investment has expanded Coretrax’s offering. Since completing the acquisition, the firm has signed a global route to […]

Xergy Opens News Offices in Australia and Scotland

  • 0

(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 created 10 new roles, taking Xergy’s total workforce to 34.   Headquartered in Scotland’s energy capital, Aberdeen, with an office in […]

Key Upstream Things to Watch in 2024: WoodMac

  • 0

(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 for in 2024 upstream series. Key themes to watch in global and corporate upstream include continued consolidation, increased activity from NOCs, reversing decarbonisation gains, shifts […]

Energy Domain Looks to Future with Energent Acquisition

  • 0

(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 by Ryan Vinson and the 5Ms Technologies team that created MineralWare and Energy Freelance, Energy Domain has parlayed dedication to […]

EnerMech Extends Training with OPITO Accreditations

  • 0

(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 operations in any industry around the world. The company’s dedicated facility was originally established to upskill the North Sea’s offshore […]

Nabors Completes Business Combination Between NETC

  • 0

(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 Corporation (NETC), the special purpose acquisition company (SPAC) sponsored by Nabors, and Vast Renewables Limited. The combined company now trades […]

S&P Global Releases its 2024 Energy Outlook

  • 0

(S&P Global, 14.Dec.2023)  â€” 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, today released their latest 2024 energy outlook. OVERVIEW After years of turbulence, global markets are still striving to find sustainable […]

Shell 3Q:23 Euro and GBP Equivalent Dividend Payments

  • 0

(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 on 2 Nov. 2023 at US$0.331 per ordinary share. Shareholders have been able to elect to receive their dividends in […]

DNV Names Head of CCUS

  • 0

(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) unit.  Amidst COP28 proceedings, the move underscores DNV’s commitment to CCUS as a pivotal tool for decarbonizing hard-to-abate sectors, such […]

UK Energy Transition Outlook

  • 0

(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 set goals to reduce carbon emissions by 68% by 2030 compared to 1990 levels, rising to 77% by 2035. However, […]

Deep Casing Deloitte Technology Fast 50 List for 2023

  • 0

(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 based on percentage revenue growth over the last four years. Deep Casing Tools grew 850% during this period. Deep Casing […]

LNG Market Needs 90 Mtpa of Add’l Supply by 2035: WoodMac

  • 0

(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 expected to persist as the market rebalances post 2025 according to Massimo Di Odoardo, Vice President, Gas & LNG Research […]

Companies Ask US, EU to Intervene in Venture Global LNG Dispute

  • 0

(Reuters, 11.Nov.2023) — BP (BP.L), Edison (EDNn.MI) and Shell (SHEL.L) pressed a U.S.-EU energy group to intervene in a dispute with liquefied natural gas exporter Venture Global LNG over the U.S. firm’s failure to deliver contract supplies of the fuel. The companies appealed to the U.S.-EU Task Force on Energy Security last month, and a […]

Oxy and BlackRock JV to Develop STRATOS DAC Plant

  • 0

(Oxy, 7.Nov.2023) — Occidental (NYSE: OXY) announced today that BlackRock (NYSE: BLK) will invest $550mn on behalf of clients in the development of STRATOS, the world’s largest Direct Air Capture (DAC) facility, in Ector County, Texas. Through a fund managed by its Diversified Infrastructure business, BlackRock has signed a definitive agreement to form […]

EAI’s NRGBriefs: Oct. 2023

  • 0

(Energy Analytics Institute, 31.Oct.2023) — Energy briefs as well as others related to finance and projects during October 2023 including Vista‘s third quarter 2023 earnings presentation; the long-awaited Citgo Petroleum auction; Colombia’s first seabed allocation competitive process for offshore wind energy; former Trinidad and Tobago energy minister Kevin Ramnarine on […]

bp’ 3Q:23 Results: Focused on Delivery [PDF Downloads]

  • 0

(bp, 31.Oct.2023) — Our results this quarter show how we are making progress on our strategy to transform from an international oil company to an integrated energy company. From the expansion of the Tangguh LNG facility in Indonesia to a new deal with Tesla in EV charging, we’re providing oil […]

Baker Hughes Reports 3Q:23 Results [PDF Downloads]

  • 0

(Baker Hughes, 25.Oct.2023) — Baker Hughes Company (Nasdaq: BKR) announced results today for the third quarter of 2023. Highlights: Orders of $8.5bn for the quarter, up 40% year-over-year. Revenue of $6.6bn for the quarter, up 24% year-over-year. Net income attributable to Baker Hughes company of $518mn for the quarter, up $534mn year-over-year. Adjusted net income attributable to Baker Hughes (a non-GAAP measure) of $427mn for the quarter, […]

Nabors Reports 3Q:23 Results

  • 0

(Nabors, 25.Oct.2023) — Nabors Industries Ltd. (NYSE: NBR) reported third quarter 2023 operating revenues of $734mn, compared to operating revenues of $767mn in the second quarter. The net loss attributable to Nabors shareholders for the quarter was $49mn, compared to net income of $5mn in the second quarter. This equates to a loss of $6.26 per diluted share, compared […]