Oil & gas news

Following consent from the joint venture partners and regulatory approval, Shell Petroleum N.V. has completed the sale of its 100% shareholding in Shell Philippines Exploration B.V to Malampaya Energy XP Pte Ltd.

Carbon capture and storage projects are designed to reinject the CO2 produced from oil and gas operations, or other industries, back into underground reservoir formations, where it remains permanently trapped.

The company has launched a new application at ADIPEC, which will enable operators in the energy sector to follow their key performance indicator (KPI) progress on drilling and well operations in real time.

Alfonso Fernandez of MSA Safety discusses the limitations of PPE standards in the workplace.

Abu Dhabi National Oil Company has announced that it has set a new Upstream Methane Intensity target of 0.15% by 2025.

The Gold Standard award was provided by the Oil and Gas Methane Partnership 2.0, a voluntary initiative launched by the UNEP, and was featured in the UN’s newly-published International Methane Emissions Observatory (IMEO) report.

Validere will validate and organise operational and emissions data into a consolidated platform that PureWest can utilise across multiple emission reduction initiatives.

This sale completion transfers control of SPEX from Shell to Prime Infra effective November 1, 2022. SPEX staff will continue their employment under the new ownership.

The company has announced an oil discovery by the Pedunculo well, located in the north-west of the Sépia oil field, approximately 250 km off the coast of Rio de Janeiro, Brazil.

The company has reported third quarter 2022 revenues of US$1.89 billion, an increase of 9% compared to the second quarter of 2022 and an increase of 41% compared to the third quarter of 2021.