Company News
CNOOC starts production from offshore oilfield Wushi 23-5
CNOOC has Commenced production at the Wushi 23-5 oilfield, claimed to be the first in the South China Sea to be powered from shore.
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Energy Prices
OPEC/Big Oil price collusion suspicions: US Senate starts investigation
The US Senate starts investigation into suspicions of collusion between several oil producers and OPEC over possible price coordination.
Deal News
Repsol reportedly discussing merger of UK North Sea business with NEO Energy
Repso is in negotiations to merge its UK North Sea operations with NEO Energy, a company backed by private equity, reported Reuters
Contract News
Saudi Aramco awards contracts totalling more than $25bn to enhance gas production
Saudi Aramco has awarded contracts worth more than $25bn (SR93.79bn) to advance its strategic gas expansion.
Election
UK General Election: what you need to know about the oil and gas windfall tax
As the UK heads toward general elections, party manifestos have revealed some stark differences in energy policies such as the windfall tax.
Features
What North Sea policies would a UK Labour government pass?
Policies in Labour’s manifesto “would put the UK ahead of Denmark” as the highest performing North Sea country on climate.
Deal News
SM Energy and Northern Oil and Gas partner to acquire XCL Resources’ assets for $2.55bn
US shale drilling companies SM Energy and NOG have reached an agreement acquire to oil and gas assets from XCL Resources for $2.55bn.
Industry News
Falkland Islands begins environmental consultation on Sea Lion field
Falkland Islands begins public consultation on the environmental impact of the Sea Lion Field Northern Development Area.
Contract News
SLB OneSubsea secures FEED contract for electric subsea production systems
SLB OneSubsea has secured a contract from Equinor for the front-end engineering design (FEED) of a 12-well, all-electric subsea production systems (SPS) project at the Fram Sør field, offshore Norway.
Company News
FERC approves Venture Global’s Calcasieu Pass 2 LNG project in Louisiana
US regulator has given green light to Venture Global’s CP2 LNG project in Louisiana, despite objections related to climate change.