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.
Drilling Activity Down on UK Continental Shelf
According to the Wells Insight Report 2023 report, more development drilling and interventions are needed to boost production.
SSE Renewables, Equinor Deliver First Power from Dogger Bank Wind Farm
Full commercial operations at the Dogger Bank Wind Farm are expected to begin in 2026.
HEYCO Energy Group Acquires UK’s Egdon Resources
HEYCO Energy purchased Egdon’s assets, containing interests in 33 licenses in the U.K. including Wressle Field, the country’s second-biggest oil field by volumes.
Rosebank Phase 1 Progresses with Equinor, Ithaca $3.8B FID
A number of contracts have been awarded in support of the Rosebank oil field’s Phase 1 development.
Chart Talk: Global Oil Prices on a Massive Upward Trend
Oil prices for select global crudes are on a massive upward trend with $100/bbl just out of reach, according to data from General Index, a tech-native benchmark provider, and analysts say the prices prices are driven by OPEC+’s decision to extend production cuts.
E&P Highlights: Sept. 18, 2023
Here’s a roundup of the latest E&P headlines, including an awarding of blocks from Lease Sale 259 and the start of production from a new well.
Saudi Energy Minister: OPEC+ Targeting Volatility, not ‘Jacking Up Prices’
Speaking at the World Petroleum Congress, Saudi Arabia’s Minster of Energy Prince Abdulaziz bin Salman Al Saud said OPEC+ is targeting volatility in the oil markets and acting as an energy regulator akin to central banks.
E&P Highlights: Sept. 11, 2023
Here’s a roundup of the latest E&P headlines, including an update on the Anning and Somerville project offshore the U.K. and new contract awards.