Total has highlighted its commitment to Russia, despite fears of international sanctions, as it emerges as one of the prominent foreign operators in the country’s expansive oil and gas industry. A combination of geopolitical fears and uncertainty over political sanctions has forced some international energy firms to retreat from the […]
Norway’s Equinor will lead production in the North Sea over the coming seven years a new report by GlobalData has discovered. The report that focused on the North Sea area including the UK, Norway, Denmark and the Netherlands found Equinor will be leading a number of big projects due to […]
People close to Sercia Energy’s deal to buy out BP and Total from a number of North Sea oil and gasfields could be brought to a close in November, if the US does not provide a waiver allowing it to operate one of the assets that the National Iranian Oil […]
Total has stated that its Glendronach prospect, west of Shetland, could hold one trillion cubic feet of gas – equating to 170 million barrels of oil equivalent. The Stena Don semi-submersible began drilling in May and since encountered a 140 ft gas column, which the French energy giant plans to […]
Saudi Aramco has announced it will spend over $133 billion on drilling for oil and gas over the next decade, despite the country’s attempts to diversify its economy away from its reliance on the energy sector. During a recent graduation ceremony at the Saudi Arabian Drilling Academy (SADA), Aramco senior […]
Cuadrilla has received the final approval needed from the UK Government to frack a second exploration well at its Preston New Road site in Lancashire. The shale company has already been given the go-ahead by ministers for fracking at its first well at the site and has planning and environmental […]
The UK energy market has seen a surge in the use of coal as higher gas prices have forced utilities to look for alternate options. As wholesale gas prices hit 10-year highs, forcing consumer energy prices up, coal fired power has become significantly cheaper than its gas counterpart. “It became […]
In a bid to counter Russia’s energy dominance over Europe, US President Donald Trump has announced an energy security partnership with Poland which will be used to encourage diversity across the European market. During a press conference with his Polish counterpart, Andrzej Duda who is in Washington for his first […]