Two of the oil and gas industry’s respected and experienced leaders have been celebrated with Honorary Life Memberships at the opening day of the 2022 APPEA Conference and Exhibition.
The company has announced it will spend more than US$1 billion over the next five years securing energy supplies for the UK and speeding the transition to net zero.
Shell has published its Energy Transition Progress Report 2021 detailing the company’s progress over the past year. This report will be put to shareholders for an advisory vote at the Annual General Meeting on 24 May 2022.
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The Net Zero Technology Centre's 2022 Open Innovation Programme is now open, targeting and funding technologies to enable the energy transition.
Surging oil, gas and power prices, the EU’s goals of becoming less dependent on Russian supplies, and post-Covid-19 pandemic inflation will catapult global energy spending this year.
A Wood Mackenzie report examines the levers the North Sea can pull to increase production and argues indigenous oil and gas still has a major role to play.
Neptune Energy will donate US$2 million, to be shared equally between emergency appeals by the International Committee of the Red Cross and the International Rescue Committee.
Upstream oil investments are projected to rise from US$287 billion in 2021 to US$307 billion this year, a 7% increase, while midstream and downstream investments will fall by 6.7% to US$172 billion this year, according to Rystad Energy.