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News

Shell pushes on with CCS in Southern North Sea transformation

The firm “will need to utilise all decarbonisation levers to achieve this goal,” said Mr Tamayo, “including the divestment of non-strategic assets and CCS”.

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Guyana receives bids for eight oil and gas blocks, including from Exxon and Total

“The government’s strategic objective to lessen the influence by the major players already active in the country looks unlikely to be achieved”, said Andres Armijos,…

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Woodside’s $7.2 Billion Bet on Deepwater Mexico Potential

“… Dominated by the Majors, no company has been able to replicate the success of Trion so far — a testament to the frontier and…

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LNG market braces for Australian strikes

While the global LNG market is “relatively supply constrained”, said Marc Howson, head of Asia Pacific at consultancy Welligence Energy Analytics, “the impact of any…

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Gas off the coast of Tarfaya: Italian ENI takes delivery of the Topaz Driller drilling platform

Consulting firm Welligence pointed out that Cinnamon would be the 16th well drilled in the block and the first since 2014. If successful, the well…

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Eni gears up for Cinnamon spud off Morocco

Welligence reported Cinnamon would be the 16th well drilled on the block and the first since 2014. The consultancy noted the attraction of Morocco’s fiscal…

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Brazilian upstream enjoys bumper year

“Despite the stringent environmental process, which has led several companies to abandon exploration plans in [the Foz do Amazonas Basin], we believe a glimmmer of…

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Pertamina Pursues Overseas M&A to Meet Domestic Goals

Pertamina’s most recent acquisitions have focused on already producing assets in jurisdictions where the company has been for several years. That means it is investing…

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Eni drills wildcat well in Angoche Basin offshore Mozambique

Italian oil company Eni is drilling its Raia-1 well located in Block A5-A of the Angoche Basin offshore Mozambique. According to a note from Welligence…

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Divestments Boost Key Indonesian Gas Projects

Marc Howson, head of Asia at consultancy Welligence Energy Analytics believes that the Shell divestment is “positive news” for Japan’s Inpex, which will operate Abadi.…

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