Eni to buy Neptune Energy
03/07/2023 by Katie
Italian oil major Eni is set to acquire the vast majority of Neptune Energy’s portfolio of assets in a deal worth $4.9 billion. The assets of
OPEC boss warns against underinvestment
26/05/2023 by Richard
Haitham Al Ghais, the Secretary General of OPEC, has warned that failing to invest in the oil and gas sector risks causing market instability and hindering economic growth in the future.
Shell-led consortium to deploy world’s first offshore solar farm
01/05/2023 by Mark
CrossWind, a joint venture of Shell and Dutch energy company Eneco, has made a deal with technology developer Oceans of Energy that will see the Hollandse Kust Noord (HKN) offshore wind farm be complemented by…
BP considers sole ownership of Lightsource BP
28/03/2023 by greg
Energy giant BP is looking to increase its capacity for renewable energy generation. They want to do this by purchasing the outstanding stake in its joint venture for solar power, Lightsource BP (LSBP). This is…
Petrobras agrees energy transition plan with Shell
19/03/2023 by greg
Petrobras, the state-owned oil and gas company of Brazil, and UK-based energy giant Shell have signed a five-year Memorandum of Understanding (MoU) to explore options for the energy transition and new upstream production opportunities.
BP to no longer publish Statistical Review of World Energy
09/03/2023 by OilStoreAdministrator
After more than 70 years of publishing the Statistical Review of World Energy, BP has decided to end its involvement and pass the report’s publication on to an industry body.
Shell completes acquisition of Nature Energy
02/03/2023 by Richard
Energy major Shell has now formally acquired the biggest renewable natural gas (RNG) producer in Europe, Nature Energy.
BP releases latest version of its Energy Outlook
07/02/2023 by Mark
Energy titan BP has released its Energy Outlook 2023, which explores the uncertainties and trends related to the process of transitioning to a net-zero energy system by 2050.
Qatar considers buying into TotalEnergies’ Iraq projects
01/02/2023 by Richard
Reuters reports that sources have told it that QatarEnergy, which is owned by the Qatari state, is in talks with TotalEnergies to buy stakes in some of its energy projects in Iraq.
UK firm selected to provide BP’s well engineering services
18/01/2023 by OilStoreAdministrator
Aberdeen-based THREE60 Energy, which offers complete solutions to the energy industry, has been awarded a five-year contract to provide energy major BP with well engineering services around the world.
UK needs steel for energy independence says Tata Steel
06/01/2023 by greg
New research commissioned by Tata Steel UK has indicated that over the coming years, upwards of 10 million tonnes of steel will be needed to build the projects necessary for the UK to become self-sufficient…
BP finalises purchase of Archaea Energy
05/01/2023 by OilStoreAdministrator
BP has moved a step further in its strategic aim of diversifying into bioenergy by completing its acquisition of a prominent producer of renewable natural gas (RNG) called Archaea Energy, after securing regulatory and shareholder…