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‘Disorderly’ energy transition looms with rising coal demand, high gas prices and stalled renewable plans, says WoodMac

Oil & Gas

‘Disorderly’ energy transition looms with rising coal demand and high gas prices, says WoodMac

WoodMac: As plans for renewables stall, Asia’s decarbonisation ambition does not match reality amid rising coal demand and high gas prices.

about 4 years ago

As rig utilisation ramps up in Asia Pacific, stacked jack-ups get reactivated mostly for gigs in Middle East, reveals Westwood

Oil & Gas

Rig utilisation ramps up in Asia Pacific, reveals Westwood

Rig activity in Asia Pacific has been stepped up this year, but most stacked jack-ups are being reactivated for gigs in the Middle East.

about 4 years ago

UK firm collects $128 million in new deals with further headcount increase on the horizon

Oil & Gas

UK firm collects $128 million in new deals with headcount increase on the horizon

EnerMech has secured new contract awards worth over $126 million in Africa, Caspian and the Middle East, spurring further headcount increase.

about 4 years ago

Brazil-bound FPSO embarks on its journey with a few stops planned along the way

Oil & Gas

FPSO embarks on its journey to Brazil with a few stops planned along the way

An FPSO, destined for Petrobras’ revitalisation project off Brazil, has left the Cosco Qidong shipyard in China and started its journey.

about 4 years ago

Oil & Gas

Oil & gas plays trump low-carbon investments in H1 2022, says WoodMac

Instead of the anticipated ramp-up of green investments, WoodMac, points out that pure oil plays still trump low-carbon diversification.

about 4 years ago

Oil & Gas

TAQA keeping all assets in its oil & gas portfolio, bar Dutch ones

Due to the current energy security concerns, TAQA has decided to keep its entire oil & gas portfolio, except for its Dutch upstream assets.

about 4 years ago

Oil & Gas

OMV books MMA vessel for gig in New Zealand

MMA Offshore has secured a deal for one of its platform supply vessels (PSVs) with OMV for operations in New Zealand.

about 4 years ago

With TotalEnergies deal all done, firm enters UK Continental Shelf

Oil & Gas

With TotalEnergies deal all done, firm expands presence in ‘one of the largest gas hubs in the UK’

Kistos has entered the UKCS thanks to the acquisition of TotalEnergies’ stakes in several gas fields located West of Shetland.

about 4 years ago

Beach Energy picks ‘internal successor’ for/to CFO role

Oil & Gas

Beach Energy picks ‘internal successor’ for CFO role

Australia’s oil and gas company Beach Energy has appointed its Acting Chief Financial Officer (CFO) to the CFO role, effective immediately.

about 4 years ago

Oil & Gas

Amid high fossil fuel prices, renewable power saves around $55 bln, says IRENA

IRENA believes that renewables are crucial to breaking away from volatile fossil fuel prices and tackling energy security & climate change.

about 4 years ago

WoodMac: Seven giant national oil players have what it takes to keep up output for 40-60 years

Oil & Gas

WoodMac: Seven giant oil players have what it takes to keep up output for 40-60 years

With two-thirds of global resources in their hands, seven NOCs own the lion’s share of remaining discovered oil & gas resources.

about 4 years ago

Oil & Gas

Santos hires Worley for its carbon capture and storage project in Timor Sea

Santos has awarded a deal for its carbon capture and storage (CCS) project at a gas and condensate field in the Timor Sea to Worley.

about 4 years ago

Oil & Gas

Two oil & gas firms close long-anticipated deal for sale of stake in field off Nigeria

Panoro Energy has completed the sale of its interest in the Offshore Mining Lease no. 113 (OML 113) offshore Nigeria to Oslo-listed PetroNor.

about 4 years ago

Oil & Gas

Potential delay looms over first oil from Gabon project due to rig availability

BW Energy has revealed that the first oil from its project off Gabon may be delayed due to a potential change in the rig’s schedule.

about 4 years ago