News
November 28, 2022
Shell Plc will buy Nature Energy Biogas A/S from hedge fund Davidson Kempner Capital Management for nearly $2 billion as the oil major expands its transition from fossil fuels. The deal will make Shell the largest producer in Europe of what’s known as renewable natural gas, known as RNG, according to a statement.
News
November 28, 2022
Perenco UK has signed a contract for a campaign of drilling operations using the Valaris 247 jack-up rig, the company announced on Monday.
News
November 27, 2022
Spain’s parliament approved next year’s budget in a victory for Prime Minister Pedro Sanchez, who’s forged a legislative majority stable enough to pass three consecutive spending plans. Lawmakers also backed windfall taxes on banks and energy firms.
News
November 23, 2022
Talks between European Union nations on where to set a proposed Group of Seven price cap on Russian oil bogged down Wednesday evening, as governments split over how to design the plan, according to people familiar with the matter.
News
November 18, 2022
Offshore Energies UK, the leading representative body for the UK’s offshore energy industry, expects billions of pounds will be spent to decommission the infrastructure that has kept the UK’s energy flowing for the past 50 years, according to a report published by the group.
News
November 16, 2022
Neptune Energy and its partners said Wednesday that hydrocarbons have been encountered in the Calypso exploration well in the Norwegian Sea. The operations are still at an early stage, and Neptune has not determined if commercial volumes are present.
News
November 14, 2022
Poland introduced compulsory administration over Gazprom PJSC’s stake in the company that owns the local part of the Yamal-Europe gas pipeline, tightening the government’s grip over Russian assets in the country.
News
November 14, 2022
Germany moved to nationalize a second major gas company in two months as Berlin seeks to secure supplies for the winter and contain the financial shock from Russia’s squeeze on European energy.
News
November 14, 2022
Moscow may have found an important new outlet in the UAE for some of its crude shunned by Europe after Russia’s invasion of Ukraine. Tracking data shows a tanker recently delivered about 700,000 barrels of Russian crude to an ADNOC refinery.
News
November 13, 2022
UK Chancellor Jeremy Hunt is expected to delay much of the £55 billion ($65 billion) of savings to fill the hole in the public finances until after the next election, including an increase in the oil and gas windfall tax.
News
November 13, 2022
Oil and gas investments could be driven out of UK waters if Chancellor Jeremy Hunt carries out threats to raise the windfall tax to 35%, Offshore Energies UK (OEUK) has warned.
News
November 11, 2022
The European Union’s impending sanctions on oil imports from Russia aren’t quite as exclusionary as they might seem at first sight. It will still be possible for what are arguably still Russian oil molecules to legitimately enter the European Union.
News
November 09, 2022
Ukrainian security officers conducted a raid of a major oil company and a refinery as authorities investigate possible tax evasion and move to seize strategic assets owned by some of the country’s richest men.
News
November 08, 2022
The split in the European Union is deepening over how to contain an energy crisis, with nations supporting a price cap on imported natural gas accusing the bloc’s executive of being too slow to develop a proposal to limit the costs of the fuel.
News
November 08, 2022
Many of the world's oil refineries are rushing to secure supplies of Middle East crude for next year as nearly all European Union countries will be barred from purchasing seaborne cargoes from Russia within a month.
News
November 04, 2022
Neptune Energy announced Friday that drilling has commenced on the Calypso exploration well in the Norwegian Sea, with a target depth of approximately 2,960 meters (9,711 feet).
News
November 04, 2022
The Czech Republic imposed its first windfall tax on some of the biggest businesses to help finance energy subsidies without boosting government borrowing. The 60% "surcharge" will be in place for three years.
News
October 20, 2022
Prime Minister Liz Truss resigned after a brief and chaotic tenure that saw her announce a massive package of unfunded tax cuts before unwinding most of it in the face of a market rout.
News
October 19, 2022
Prime Minister Liz Truss’s government issued a stark warning to Conservative MPs not to back an opposition motion on fracing, as party managers struggle to control mutinous lawmakers.
News
October 12, 2022
Neptune Energy received approval to raise the production limit at its operated Römerberg oil field in the Rhine Valley, southwestern Germany, enabling Neptune to increase oil production by up to three times the current limit of 3,700 barrels of oil equivalent per day.
News
October 10, 2022
Petrofac has been selected by Dana Petroleum to provide well management services for all its UK North Sea operated assets, including the Triton FPSO and the Western Isles FPSO vessels.
Connect with World Oil
Connect with World Oil, the upstream industry's most trusted source of forecast data, industry trends, and insights into operational and technological advances.