Approval secured for Wressle oil and gas field extension in North Lincolnshire
North Lincolnshire Council has provided planning consent for the further development of the Wressle oil and gas exploration site in the …
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Apollo to purchase $1bn stake in bp Pipelines TAP
British energy major bp has entered into an agreement with Apollo-managed funds for the sale of a non-controlling interest in …
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Hurricane Francine: a fifth of the Gulf of Mexico’s oil production still locked in
Despite the worst of Hurricane Francine having now passed, almost a fifth of the oil production in the Gulf of …
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Staatsolie signs production sharing contracts with PetroChina for blocks offshore Suriname
Staatsolie, the national energy company of Suriname, has signed production sharing contracts (PSCs) with PetroChina Investment Suriname, a subsidiary of …
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Peru approves $1.75bn package for state oil company Petroperu
The Government of Peru has sanctioned a financing package worth $1.75bn (6.59bn new sol) to assist the state oil company, …
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Colombian court orders Ecopetrol and Petrobras to cease drilling at Uchuva-2 well
A Colombian court has issued an injunction against Ecopetrol and Petrobras, mandating a halt to the drilling of the Uchuva-2 …
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Saipem secures $4bn EPC contract by QatarEnergy
Italian energy engineering company Saipem has secured an offshore engineering, procurement and construction (EPC) contract from QatarEnergy, worth approximately $4bn …
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TC Energy’s Coastal pipeline fined again for environmental non-compliance
The Government of British Columbia has fined a subsidiary of TC Energy, Coastal GasLink, C$590,000 for ten additional penalties relating …
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UK Government buys National Grid’s electricity system operator for $828m
The UK Government has agreed to buy the National Grid’s Electricity System Operator (ESO) for £630m ($827.95m) to “support energy …
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ExxonMobil joins forces with Mitsubishi for hydrogen plant in Texas, US
ExxonMobil has signed a project framework agreement with Japan’s Mitsubishi for participation in its proposed hydrogen and ammonia facility in …
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Gevo to acquire Red Trail Energy’s assets for $210m
Gevo is set to enhance its net-zero fuel production capabilities with the signing of a definitive agreement to acquire Red …
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Nigerians go to court and want $310m from Shell, and halt an asset sale
Nigerian communities are seeking N505bn ($310m) in compensation from Shell, alleging that the company violated an existing court order by …
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Baker Hughes unveils CarbonEdge for better CCUS risk management
Baker Hughes has launched CarbonEdge, a digital solution aimed at optimising CCUS operations. The end-to-end, risk-based platform, powered by Cordant, supports …
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Assessing Saudi Arabia’s “ambitious” renewable goals
Saudi Arabia is the second-largest crude oil producer – sitting just ahead of Russia, and below the US – with …
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Occidental’s 1PointFive receives up to $500m for direct air carbon capture hub
1PointFive, the carbon capture, utilisation and sequestration unit of US oil company Occidental, has secured funding of up to $500m …
