Kazakhstan expects to produce 90-93 million tonnes of oil next year, up from 87.5 million tonnes this year, depending on when expansion projects at the giant Tengiz field are completed as they may be slightly delayed, its energy minister said.
The UK’s representative body for the offshore energy industry, Offshore Energies UK (OEUK), has revealed that oil and gas operators are expected to pay £7.8 billion (over $9.7 billion) in taxes to the country’s government in 2022, which constitutes a 20-fold increase worth £279 (around $346) per household.
As part of its strategy to focus on gas production in Norway, German oil and gas company Wintershall Dea has reached an agreement with Norway’s OKEA to sell its stakes in three North Sea fields for €108 million (about $114 million).
The widespread disruption on several North Sea platforms that started on Wednesday after crew members staged unplanned walkouts seems to continue on several platforms occupied by Bilfinger UK personnel.
Africa is conservatively forecast to reach peak gas production at 470 billion cubic meters (Bcm) by the late 2030s, equivalent to about 75 per cent of the expected amount of gas produced by Russia in 2022, according to research by Rystad Energy.
An alliance between Repsol Sinopec, TechnipFMC, and Petrofac has started the pre-front end engineering and design studies (Pre-FEED) for the development of the Ithaca Energy and Hibiscus owned Marigold field in the North Sea via the Repsol Sinopec-operated Piper Bravo platform.
British Gas owner Centrica on Tuesday said it expects to achieve full year adjusted earnings per share (EPS) at the top of the range of analyst forecasts after a strong operational performance in the first four months.
Norwegian state-owned giant Equinor and its compatriot Sval Energi have entered into an agreement for the sale of Equinor’s non-operated share in the Greater Ekofisk Area and a minority share (19 per cent) in the Martin Linge field, both located in the North Sea offshore Norway.
Brazilian oil and gas giant Petrobras has revealed its intention to invest $16 billion in the Campos Basin revitalization project, planning to install three new FPSOs and interconnect more than 100 wells over the next five years. The company has also set its sights on investing $5.5 billion in oil and gas extraction activities, hoping to unlock new discoveries in Brazil.