By Barney Smith On 31 July the Prime Minister announced that further licenses for exploration for OiI & Gas in the North Sea were to be granted: the first would be in the autumn, and there could be much as one hundred more delivered in the current (33rrd) offshore round for O & G licenses, [...]
By Martin Clark London AIM-listed Angus Energy has shrugged off a lacklustre share price of late with a strong production rise over recent months which should equate to a growth in future sales.The company holds a complementary portfolio of clean gas development assets, onshore geothermal projects and legacy oil-producing fields.That includes its flagship Saltfleetby gas [...]
By Barney Smith Last week BP announced that they had won two projects in the recent German tender round, (almost doubling BP’s current global offshore wind pipe-line to 9.2 GW) for which BP are to pay a total of Euros 6.8 billion to the German authorities for the right to develop them as large offshore wind [...]
By Julian Singer On 11 April Harbour Energy and BP announced that the latter had taken a 40 per cent stake in Harbour’s Viking CCS project. It is not the only CCS project in which BP is involved: it is a leader of the East Coast Cluster, which aims to capture and store CO2 from [...]
By Julian Singer Carbon Capture Use and Storage (CCUS) has had a rocky history in the UK. Ten years ago the coalition government offered to provide £1bn to support the winner of a competition between two proposed projects, but this was later cancelled. The Energy White Paper of December 2020 then committed to spend £1bn [...]
By Barney Smith Fracking is by no means a recently discovered technique: it has been used successfully in the US since 1947. It involves injecting water, sand and chemicals at very high speed to smash open shale rock underground and release the oil and gas it contains. Since 1947, over 1.7 million wells have been [...]
By Barney Smith It cannot have been much fun. The authoritative French newspaper, Le Monde, in the edition of 25 August had an editorial, as well as two pages inside and the front page headline, all saying essentially the same thing, TotalEnergies’ Gas is fueling Russian Bombers in Ukraine. The front page headline makes the [...]
By Barney Smith The world-wide price for Oil and Gas has gone up a lot in the last year. The almost inevitable effect on Shell, the largest European Oil and Gas producer, and BP, the other, slightly smaller, British major is huge, almost too huge, profits. For it is the world-wide price which has been [...]
By Barney Smith Like BP and Shell, Totalenergies, the French Oil and Gas major, is engaged in transforming itself from an international oil and gas company to an integrated energy company. Like BP and Shell, it holds its AGM in May, on the 25th to be precise, in France of course. At first blush, the [...]
By Barney Smith For the reasons given in our analysis of the Shell results for 2021 (Greenbarrel of 4 May), AGMs of large international oil and gas companies are now of still greater importance than ever. The AGM of BP is on 12 May and the meeting will in theory be concerned with 2021, considering an in-house document [...]