It will support new projects that will generate additional emissions reductions in its upstream oil and gas operations

The Thunder Horse Northwest Expansion project is expected to boost production by around 30,000 barrels of oil equivalent per day

They aim to reduce emissions from upstream operations to below 0.25% by 2025

Global oil and gas deal activity recovered from a slow start last year, reaching $395 billion (£317bn). That’s an increase from $340 billion (£273bn) in 2015, according to EY’s latest global oil and gas transaction review. While the value of deals increased, volume fell by 27% year-on-year, it adds. The value of upstream deals, i.e. […]

The States’ upstream oil and gas sector apparently saw record activity in mergers and acquisitions last year. Houston-based research firm PLS reported deals for 2011 accounted for $86billion, nine billion dollars more than the year before. Ronyld W. Wise, president of PLS said the strong activity was driven by “industry appetite for oil-rich resource plays, […]

Centrica has announced that its profits for the first half of 2011 are expected to be lower than in 2010. Downstream efforts in the UK could be half of those for the same period last year. The parent company of British Gas puts this down to higher costs for commodities and non-commodities and lower consumption. […]

Scottish and Southern Energy has taken a further step in its bid to become a player in the UK oil and gas sector. The company has signed a deal with independent oil and gas outfit Faroe Petroleum to identify, assess and acquire oil and gas assets in the North Sea. SSE has almost clinched its […]