(HM Treasury, 2.Dec.2022) — The UK, in partnership with the G7 countries, Australia and the European Union, have today agreed to set the price cap on Russian crude oil traded […]
Category: UK
UK
Shell to Acquire Renewable Natgas Producer Nature Energy
(Shell, 28.Nov.2022) — Shell Petroleum NV, a wholly owned subsidiary of Shell plc, has reached an agreement with Davidson Kempner Capital Management LP, Pioneer Point Partners and Sampension to acquire […]
Höegh LNG Partners LP Reports 3Q:22 Financial Results
(Höegh LNG Partners, 17.Nov.2022) — Höegh LNG Partners LP (NYSE: HMLP-PA) reported its financial results for the quarter ended September 30, 2022. Highlights Reported for the third quarter of 2022 total time charter […]
Aquaterra Unveils New Tool for Long-term Integrity of CCS Sites
(Aquaterra, 15.Nov.2022) — Aquaterra Energy unveiled a new CO2 management platform that will allow for long-term monitoring and sustained integrity of underwater carbon capture and storage (CCS) sites. The integrated solution […]
bp Commends EPA for Advancing Methane Rules
(bp, 11.Nov.2022) — bp commends the EPA for advancing new rules aimed at reducing methane emissions. This is a critical step toward helping the US reach net zero by 2050 […]
ASCO Names New UK Managing Director
(ASCO, 1.Nov.2022) — ASCO, the global integrated logistics and materials management company, has appointed Mike Pettigrew as its new UK Managing Director following the retirement of his long-serving predecessor, Glenn […]
Rishi Sunak’s First Speech as Prime Minister of the UK
(UK Prime Minister’s Office, 25.Oct.2022) — Rishi Sunak gave his first speech as Prime Minister in Downing Street. Good morning, I have just been to Buckingham Palace and accepted His […]
UK Prime Minister Liz Truss Resigns
(UK Office of the Prime Minister, 20.Oct.2022) — Prime Minister Liz Truss gave a statement in Downing Street on 20 October 2022. I came into office at a time of […]
Liz Truss Believed in Markets, but the Markets Did Not Believe in Her
(The New York Times, 19.Oct.2022) — The world has just witnessed one of the most extraordinary political immolations of recent times. Animated by faith in a fantasy version of the […]
Enhancing the US-UK Sanctions Partnership
(US Treasury, 17.Oct.2022) — As Directors of two of the world’s leading financial sanctions implementation authorities, we are committed to our close working relationship. As a testament to this ongoing […]
Trinidad PM Rowley’s Statement on Chats with Proman, BP & Shell
(Office of the PM of Trinidad and Tobago, 12.Sep.2022) — Ministerial interaction with oil, gas and petrochemical majors (Proman, BP & Shell) based in Europe. Proman – Zurich and Düsseldorf […]
Seadrill Limited (SDRL) – Second Quarter 2022
(Seadrill, 1.Sep.2022) — Seadrill Limited (XOAS: SDRL), a leader in offshore drilling, provides financial results for the three months ended June 30, 2022. 2Q 2022 Highlights Strong operational performance in 2Q […]
Aquadrill Announces Charter Hire Agreement for the Vela
(Aquadrill, 31.Aug.2022) — Aquadrill LLC has extended a charter hire agreement with a subsidiary of Diamond Offshore Drilling, Inc. to provide the company’s Vela rig, an MPD outfitted 7th generation drillship, […]
CCUS Planned Capacity Nearing 1 Billion Tonnes Per Annum
(WoodMac, 26.Aug.2022) — The planned global carbon capture, utilisation and storage (CCUS) capacity pipeline has reached 905 million tonnes per annum (mtpa), with more than 50 new projects announced this […]
TotalEnergies Reveals Initial Power at Scotland Offshore Wind Farm
(TotalEnergies, 23.Aug.2022) — TotalEnergies and its partner SSE Renewables, announced first power generation from the Seagreen offshore wind farm, 27km off the coast of Angus in Scotland. The first turbine, […]
Höegh LNG Partners LP to Host 2Q:22 Results Call
(Energy Analytics Institute, 17.Aug.2022) — Höegh LNG Partners LP (NYSE: HMLP) will release its second quarter 2022 results on Wednesday 24 August 2022 before the market opens and later host a […]
Bristow Completes Acquisition of British International Helicopter Services Limited
(Bristow, 3.Aug.2022) — Bristow Group Inc. (NYSE: VTOL) has completed its acquisition of British International Helicopter Services Limited (“BIH”) effective 2 August 2022, further enhancing its leading global Government Services offering. […]
APA Corp. Keeps 2022 Capex Unchanged at $1.725bn
(APA Corporation, 3.Aug.2022) — APA Corporation (Nasdaq: APA) announced its financial and operational results for the second-quarter 2022. APA reported net income attributable to common stock of $926mn, or $2.71 […]
bp on Redemption of $2.85bn of Outstanding Notes
(bp, 25.Jul.2022) — BP p.l.c. (NYSE: BP) (LON: BP) announced that its wholly-owned subsidiary BP Capital Markets America Inc. (“BPCMA”) is exercising the option to redeem the total outstanding aggregate […]
Bristow Awarded Contract by the Maritime and Coastguard Agency
(Bristow, 21.Jul.2022) — Bristow Helicopters Ltd (NYSE: VTOL) has been awarded a £1.6bn 10-year contract for the Second-Generation Search and Rescue Aviation (“UKSAR2G”) program by the Maritime and Coastguard Agency […]
NRGBriefs: Bristow Inks 1.6bn 10-year Deal
(Energy Analytics Institute, 21.Jul.2022) — Energy briefs including Bristow Helicopters Ltd (NYSE: VTOL) signing a £1.6bn 10-year contract for the Second-Generation Search and Rescue Aviation program; Golden Arrow Resources Corporation (TSXV: GRG) […]
NRGBriefs: PDVSA Vassa Closure; IGU’s 2022 World LNG Report
(Energy Analytics Institute, 6.Jul.2022) — Energy briefs including the closure of PDVSA Vassa, formerly Venoco, leaving nearly a thousand workers in uncertainty; and the release of the International Gas Union […]
NEOM’s ENOWA to Boost Extreme E with Green Hydrogen Power
(NEOM, 30.Jun.2022) — Extreme E announced a multi-year relationship with ENOWA, NEOM‘s energy, water and hydrogen subsidiary, to introduce green hydrogen power to their global sustainable racing series. The announcement […]
Pathways to Sustainable Smelting
(WoodMac, 21.Jun.2022) — Traditional metal production is inherently polluting. According to data from Wood Mackenzie’s Emissions Benchmarking Tool, it is currently responsible for 9% of global greenhouse gas emissions. Many […]
Shell plc 1Q:22 Euro and GBP Equivalent Dividend Payments
(Shell, 13.Jun.2022) — The Board of Shell plc announced the pounds sterling and euro equivalent dividend payments in respect of the first quarter 2022 interim dividend, which was announced on […]
Low-carbon Hydrogen Demand in Refining Could Reach 50 Mtpa by 2050
(WoodMac, 9.Jun.2022) — Potential low-carbon (green or blue) hydrogen demand from the global refining sector could reach 50 million tonnes per annum (Mtpa) by 2050, says Wood Mackenzie, a Verisk […]
Energy Security Concerns Reinforce Government Focus on Renewable Energy Programs
(EY, 24.May.2022) — Energy security has risen to the top of government priority lists in the wake of geopolitical instability and spiralling gas prices. As a result, governments around the […]
Underwater Wireless Acoustic Standard to Improve Offshore Drone Communication
(Subsea Wireless Group, 23.May.2022) — An international oil and gas industry network, Subsea Wireless Group (SWiG), has launched a new wireless acoustic standard to improve communication between offshore vessels and the vehicles […]
NRGBriefs: Marathon’s Equatorial Guinea Output; Murphy on Brazil and Mexico
(Energy Analytics Institute, 4.May.2022) — Energy and political briefs including Marathon Oil reporting 1Q:22 production from Equatorial Guinea of 64 net Mboe/d; the US providing over $6mn in additional humanitarian […]
NRGBriefs: BHP Barbados farm-out; YPF on Form 20-F; Chevron Venezuela
HOUSTON, TEXAS (Energy Analytics Institute, 21.Apr.2022, Words: 959) — Energy briefs including Vista Oil & Gas, S.A.B. de C.V. planning to have an extraordinary shareholders’ meeting on 26 April 2022; […]
How the Energy Transition can Reduce the Risk of Future Shocks
(WoodMac, 21.Apr.2022) — The crisis caused by Russia’s invasion of Ukraine has highlighted the challenges for energy supplies as the world moves to tackle the threat of climate change. The […]
Noble Corp. and Maersk Drilling Update on the Merger Control Process
(Noble Corp. 12.Apr.2022) — Noble Corporation (NYSE: NE) and The Drilling Company of 1972 A/S (CSE: DRLCO) (“Maersk Drilling”, and together with Noble, the “Parties”) provided an update on the […]
How NOCs are Tackling the Energy Transition
(WoodMac, 30.Mar.2022) — Despite their scale, national oil companies (NOCs) have until now largely escaped the heavy scrutiny experienced by international oil companies (IOCs) around emissions. Partly as a consequence, […]
Maersk Drilling Secures Five-month UK Contract for Maersk Resolve
(Maersk Drilling, 16.Mar.2022) — Maersk Drilling has been awarded a contract which could employ the harsh environment jack-up rig Maersk Resolve with a customer in the UK sector of the […]
bp Staff Message Regarding Relationship with Rosneft
(bp, 27.Feb.2022) — bp’s Bernard Looney provides a message to all bp staff on the company’s relationship with Rosneft. To the bp team, Like so many of you, I have […]
Zeelo to Make Buses as Green as Riding a Bicycle
(Zeelo, 17.Feb.2022) — Zeelo – a smart bus platform for organisations that serves over 1.8 million passengers per year on their daily commute to work and school in the UK, North America and South […]
Borr Drilling Reveals Prelim 4Q:21 Results
(Borr Drilling, 16.Feb.2022) — Borr Drilling Limited announces preliminary unaudited results for the three and twelve months ended 31 December 2021. Highlights Fourth Quarter of 2021 Total operating revenues of $69.1mn, […]
Upstream Sector Rebounding – But ‘Peak Uncertainty’ Fears Weigh In 2022
(WoodMac, 13.Dec.2021) — The oil and gas sector will continue to rebound in 2022, says Wood Mackenzie, a Verisk business (Nasdaq:VRSK) But the positive outlook will be tempered by concerns […]
Oil And Gas Companies Must Be Bold As Energy Transition Sets Tone For 2022
(WoodMac, 8.Dec.2021) — It’s set to be an action-packed year for Majors, Independents and national oil companies alike. Big choices will set strategic trajectories for the energy transition ahead. New […]
Höegh LNG Holdings Initiates Buyout Offer for Höegh LNG Partners LP
(Höegh LNG, 6.Dec.2021) — Höegh LNG Holdings Ltd. submitted a non-binding proposal to the Board of Directors of Höegh LNG Partners LP (HMLP) pursuant to which Höegh LNG would acquire through a wholly […]
Maersk Re-enters One-well Deal With Petrogas
(Maersk, 1.Dec.2021) — Maersk Drilling and Petrogas North Sea Ltd have agreed to exercise the previously agreed exclusive option to employ the harsh-environment jack-up rig Maersk Resilient to drill an appraisal well […]
NRGBriefs: Argentine Pipeline Tender, Lebanon Summit
(Energy Analytics Institute, 30.Nov.2021) — Energy briefs including Argentina revealing plans for a tender for the start of the process for the construction of the first stage of the Néstor […]
PM Keith Rowley Holds Energy Talks With BP In London
(The Office of the Prime Minister of Trinidad and Tobago, 4.Nov.2021) — Prime Minister Dr the Honourable Keith Rowley met with BP’s Chief Executive Officer, Bernard Looney at the company’s […]
Project Extension To Unlock Further 500MW Of Capacity
(NGET, 14.Oct.2021) — National Grid Electricity Transmission (NGET) is expanding the use of transformational power flow control technology – building on the successful installations of the world’s first large scale […]
Young: Trinidad Can Benefit From High Oil, Gas Prices
(Trinidad and Tobago Newsday, 27.Sep.2021) — Energy Minister Stuart Young expressed optimism on Monday that Trinidad and Tobago could benefit from the high energy prices of recent times. Young made […]
Vertical And Bristow Team Up To Electrify Helicopter Market
(Bristow, 21.Sep.2021) — Bristow Group Inc. (NYSE: VTOL) and Vertical Aerospace Group Ltd announced a Memorandum of Understanding (MOU) under which the two firms will cooperate on the certification, operational […]
British Gov’t Prepares To Help With Gas Crisis
(NPR, 18.Sep.2021) — The British government is putting up to 150 army drivers on standby to operate gas tanker trucks, as the country’s fuel delivery crisis continues and motorists roam […]
Borr Drilling Reports Preliminary 2Q:21 Results
(Borr Drilling, 31.Aug.2021) — Borr Drilling Limited announces preliminary unaudited results for the three and six months ended 30 June 2021. Highlights second quarter of 2021 Total operating revenues of […]
Oil Price Windfall A ‘Golden Opportunity’
(WoodMac, 19.Aug.2021) — Oil and gas companies must use the current cash flow windfall opportunity to speed up decarbonisation of their businesses, global natural resources consultancy Wood Mackenzie, a Verisk […]
Nabors Reports 2Q:21 Results
(Nabors, 27.Jul.2021) — Nabors Industries Ltd. (NYSE: NBR) reported second quarter 2021 operating revenues of $489mn, compared to operating revenues of $461mn in the first quarter of 2021. The net […]