Houston-based offshore contractor McDermott has been selected by UK supermajor Shell for an enterprise framework agreement for engineering and procurement services and integrated project management team services. McDermott said that the agreement has a duration of three years with two one-year optional extensions. The scope of the agreement encompasses the full suite of McDermott’s offerings […]
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Shell is considering a potential delisting from the London Stock Exchange, which could have significant implications for BP\’s future. BP is facing investor pressure for strategic changes and may be open to a merger, with Shell being a potential acquirer due to its financial strength and market capitalization. BP\’s successful oil trading desk is a […]
Continue ReadingDaily Standup Top Stories The UK’s Heathrow Power Outage sheds light on Net Zero Policies March 21, 2025 Clark Savage Net Zero has forced global financial and companies to become carbon-neutral. But the why is only one question that we will tackle on another day. Today, let’s look at the energy policies that countries force […] UK […]
Continue ReadingUK-based energy supermajor Shell has taken the final investment decision for Gato do Mato, a deep-water project in the pre-salt area of the Santos Basin offshore Brazil. The Gato do Mato consortium includes operator Shell with a 50% stake and its partners Ecopetrol and TotalEnergies which hold 30% and 20% stakes respectively. Pré-Sal Petróleo is […]
Continue ReadingAn explosion has rocked the Trans-Niger Pipeline at Bodo, Gokana Local Government Area of Rivers State. The affected section of the major pipeline is currently on fire, though the exact cause of the explosion remains unknown at this time. Authorities have yet to determine whether the incident resulted from human interference, especially amid recent threats […]
Continue ReadingUK-based energy supermajor Shell has awarded a new contract to one of Noble Corporation’s drillships. Noble said via social media channels that a one firm well plus one option well deal was awarded to the Noble Viking rig. The contract, which is a direct continuation of a previous one, is set to start around the […]
Continue ReadingDespite Big Oil funding green energy, BP, Shell, and others are scaling back wind and solar investments, signaling a shift toward traditional energy. For years, groups like the Heartland Institute, CFACT, and other climate and energy realists have been accused of receiving large amounts of money from Big Oil to promote traditional energy sources. [emphasis, links […]
Continue ReadingDespite media whining, oil giants are dumping renewables and net-zero goals in favor of profitable oil and gas. Rigzone and The Telegraph, among other outlets, are reporting that many major energy companies are tempering net-zero pledges they made in recent years, turning away from renewables and back towards oil and gas. [emphasis, links added] This […]
Continue Reading(Reuters) Chevron\’s oil and gas reserves have fallen to the lowest point in at least a decade, highlighting the importance of the U.S. major\’s planned acquisition of oil producer Hess that has stalled due to a court battle with ExxonMobil. Reserve replacement is one of the key metrics for investors in energy companies, as it […]
Continue ReadingDaily Standup Top Stories US stuns European allies, opens Ukraine peace talks with Russia February 12, 2025 Mariel Alumit BRUSSELS – Donald Trump said on Wednesday he and Vladmir Putin had agreed to open talks to end Russia’s war in Ukraine “immediately”, after his defence secretary said it was “unrealistic” that Ukraine’s pre-2014 […] Saudi Arabia’s […]
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