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UK-headquartered giant Shell and its partners have extended the limited notice to proceed (LNTP) period with BW Offshore and Saipem, covering early-stage engineering and supplier reservations for the supply of an FPSO destined for an oil and gas field offshore Brazil.
Oil and gas activity in the United States continues to expand, but delays in the supply chain and cost inflation persist.
A new electricity generation record was set yesterday by the UK's onshore and offshore wind farms, which generated of 19,936MW of electricity in a half hour period.
Given the level of investment required to get geothermal projects off the ground and see them through to completion, having a comprehensive and real-time view of a geothermal reservoir’s viability as early as possible is crucial.
Neptune Energy today called on the Dutch government to introduce an investment allowance in its plans to raise levies on energy companies, to avoid risks to the country’s energy security and net zero targets.