Industry News
Global fossil fuel use hits record level, despite more clean energy production – report
Global use of fossil fuels increased in 2023 despite the uptick in renewable power generation, according to a report by the Energy Institute.
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Deal News
Eni weighing €1bn sale of Ivory Coast exploration operations
Eni is in the early stages of deliberations for the sale of up to 30% of its Ivory Coast exploration operations, reported Bloomberg.
Features
UK elections: where does each party stand on North Sea drilling?
With “none of the major North Sea fossil fuel countries on track to meet 2030 climate pledges”, all eyes turn to the next UK government.
Deal News
TotalEnergies, NNPC to invest $550m to develop gas processing facility in Nigeria
TotalEnergies and NNPC are planning to invest $550m in developing a new gas processing facility in Rivers state, Nigeria, reported Reuters.
Company News
Wintershall Dea and partners make gas condensate discovery in Norway’s North Sea
Wintershall Dea, along with partners Petoro and DNO, has announced a gas condensate discovery at the Cuvette prospect offshore Norway.
Industry News
Australian LNG producers face supply glut problems, as US and Qatar ramp up production
According to an IEEFA report, Australian LNG producers are going to run into problems due to global oversupply of the energy source
Company News
Technip Energies and KPSP sign service agreement for Kazakhstan oilfield
Technip Energies, in partnership with KPSP, have signed service agreement for the development of the Karachaganak field in Kazakhstan.
Industry News
Ivory Coast plans to triple oil output by 2027
West African nation Ivory Coast is on track to increase its oil production more than threefold by 2027, reported Reuters.
Industry News
Fire rages for second day at Russian oil depot hit by drones
A fire has been raging at an oil depot in Azov, in Russia’s southern region of Rostov, after an alleged Ukrainian drone attack.
Industry News
Enbridge will face attempt to halt Line 5 in state court
The Canadian oil company Enbridge is set to face a legal challenge in the Michigan state court regarding pipeline leak concerns.