Europe’s upstream comes under pressure [NGW Magazine]
Apr 2, 2021 7:15:am
Summary But the need for oil and gas in the coming decades will put the UK in a strong position for the net-zero carbon future, regulatory conditions permitting. [NGW Magazine Volume 6, Issue 6]
by: William Powell
There is a tension between the social pressures driving a number of European governments to set dates for achieving net-zero carbon economies on one hand, and the advantages of producing more oil and gas at home on the other.
The focus on environment, social and governance (ESG) issues has risen far up the agenda of banks and investors. Shareholders too are becoming increasingly active.
India to see 647 oil, gas project start-ups in 2021-25: GlobalData
Apr 1, 2021 9:45:am
Summary GlobalData estimates that India would account for a third of the total upcoming project start-ups across the value chain in the Asia-Pacific region.
by: Shardul Sharma
Posted in:
India to see 647 oil, gas project start-ups in 2021-25: GlobalData
India is likely to see the start of 647 oil and gas projects during 2021 to 2025, accounting for a third of the overall project launches across the value chain in the Asia-Pacific (Apac) region within the period, analytics firm GlobalData said on April 1.
According to a GlobalData report, 80 of the projects will be in the upstream sector, 123 in the midstream, 85 in refining and 359 in petrochemicals.
Earthstone snaps up Midland shale acreage
Apr 1, 2021 2:15:pm
Summary
by: Daniel Graeber
Texas-focused shale company Earthstone Energy said April 1 that it paid mostly cash to acquire acreage in a portion of the Pe.
Posted in:
Mar 9, 2021 8:50:am
Summary The Anglo-Dutch major says the sale will help it focus more on its offshore operations in the north African country.
by: Joe Murphy
Anglo-Dutch Shell has reached a deal to sell its interests in onshore fields in Egypt s Western Desert for up to $926mn to UK producer Cairn Energy and its Egyptian partner Cheiron Petroleum, the companies announced on March 9. Cairn, meanwhile, has struck a deal to sell its interests in the Catcher and Kraken fields in the UK North Sea for $460mn plus contingent payments to Aberdeen-based Waldorf Production.
Shell s Western Desert business includes interests in 13 onshore concessions and .