
Shell writes down $400m on unviable oil discovery in Namibia
Shell has determined that an oil discovery offshore Namibia is not commercially viable, leading to a projected write-down of around $400m.

Shell has determined that an oil discovery offshore Namibia is not commercially viable, leading to a projected write-down of around $400m.

The ongoing conflict has highlighted the importance of diversifying gas supplies to build resilience against geopolitical risks

PakEnergy, a business automation solutions provider for the energy industry, has acquired Petrosight, a well management software provider.

LLOG Exploration Company is nearing its first oil production from Salamanca deep-water project in the US Gulf of Mexico.

China’s Shandong Port Group has implemented a ban on US-sanctioned tankers from docking at its facilities, reported Reuters.

China to see highest polypropylene capacity additions globally by 2028, according to GlobalData, Offshore Technology’s parent company.

OPAL Fuels has secured a renewable natural gas supply agreement to construct five new fuelling stations in the US over a six-year period.

Flowco Holdings launched of its initial public offering to raise $392m by offering 17.8 million shares priced between $21 and $23 each.

Serica Energy has disclosed its production figures for 2024, ahead of a detailed trading update scheduled for 21 January.

OMV has finalised an agreement to supply natural gas from its Neptun Deep project in Black Sea to Germany’s energy company Uniper.
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We are a niche consulting company providing services to the oil & gas, renewable energy, and decarbonization sectors.