E&P Highlights: Nov. 7, 2023
From another postponement of the Gulf of Mexico’s Lease Sale 261 to new contract awards, below is a compilation of the latest headlines in the E&P space.
The OGInterview: A Whole New World [WATCH]
In an exclusive interview, Oil States CEO Cindy Taylor describes the service and equipment company's evolving role amid the ups and downs of the energy business.
Despite JV Reports, BP Focused on Organic Growth Not M&A—CEO
BP remains focused on its transformation into an integrated energy company, interim CEO Murray Auchincloss said during a quarterly webcast, ruling out M&A for now despite reports the company was seeking joint venture partners.
First Batch of North Sea Oil Licenses Announced
Of the 115 applications for the North Sea Transition Authority’s licenses, 27 licenses were prioritized because they have the potential to begin production more quickly than others.
Billion-dollar Backlogs Get Bigger for Linde, Air Liquide
Healthy backlogs are expected to help maintain growth for both Linde and Air Liquide as each look to take on more hydrogen projects in the U.S.
Shell Cutting Low Carbon Team, ‘Retiring’ Some Transition Goals
CEO Wael Sawan told an energy conference in London the company wouldn’t blindly plunge into energy transition projects and scrapped specific spending and goals for carbon offsets.
E&P Highlights: Oct. 23, 2023
Here’s a roundup of the latest E&P headlines including a pair of discoveries and the sailaway of the Tango FLNG vessel.
German, UK Officials: ‘No Way Back’ for Russian Natural Gas in Europe
Germany’s ambassador to the U.K. and a British energy minister said the invasion of Ukraine has permanently severed the energy relationship between Europe and Russia.
Amid Protests, Aramco CEO Delivers Energy Transition Reality Check
At a London energy conference disrupted by protestors, Aramco President and CEO Amin Nasser campaigned for a realistic energy transition and defended Saudi Arabia’s voluntary oil cuts as a “strategic” tool that allows it to respond to market volatility.
Eni, UK Reach Agreement on Terms for CCS Project
Eni says its HyNet North West industrial carbon capture and storage project aims to store about 4.5 million tonnes of CO2 per year during its first phase.