London-listed firm applies for leases to drill for… CO2?

The carbon dioxide will primarily be used by the oil and gas industry to extract underground oil deposits from depleted wells

Greenpeace protesters abseil into Total’s AGM

They were protesting the energy giant’s plans to drill in the mouth of the Amazon and French Guiana

UK Government unveils new plans for ‘faster and fairer’ fracking decisions

A new £1.6 million shale support fund will be launched over the next two years and an environmental regulator will be created

New York State advances bill to prohibit offshore drilling

It aims to be excluded from the Trump administration’s plan to expand offshore drilling in the Atlantic and Pacific oceans

New Zealand bans all new offshore oil exploration

The government said it will not revoke any existing exploration contracts

BP’s annual profits soar to $6.2bn

Energy giant BP has seen its annual profits soar to $6.2 billion (£4.4bn), largely due to the rise in global oil prices. Profits more than doubled last year – up from $2.6 billion (£1.86bn) the year before. The company said oil and gas exploration delivered the most successful year since 2004, with around one billion […]

Is coal still the goal for Africa?

  Despite the international movement away from carbon intensive sources of energy, coal still has a significant role to play, particularly in developing regions of the world. That’s the verdict from Andre Bojé, CEO of coal exploration company Minergy, who spoke to ELN about the future of the fossil fuel resource yesterday. Speaking ahead of the […]

Shell announces oil and gas field redevelopment

Shell has announced the redevelopment of an oil and gas field in the UK’s North Sea. The energy giant will build a floating production, storage and offloading (FPSO) vessel in the Penguins field, the first new manned installation for Shell in the region in almost 30 years. It says the opportunity presents a break-even price […]

Mature ‘super basin’ in US breaks 44-year oil record

A mature ‘super basin’ located in Texas and New Mexico has set a new oil-production record, beating its previous peak set in 1973. The Permian Basin has reached a new production volume of at least 815 million barrels in 2017, far exceeding its previous peak of 790 million barrels, according to new analysis from information […]

Centrica launches new exploration and production firm

A major new oil and gas company has been launched. Spirit Energy, a joint venture which combines Centrica’s exploration and production business with Bayerngas Norge, has started trading as an independent oil and gas operator. Production from the combined portfolios is expected to be around 50 million barrels of oil equivalent (mmboe) from 27 fields […]