Ocean Energy Resources

GLOBAL NEWS SERVICE FOR THE FOSSIL AND RENEWABLE ENERGY COMMUNITIES

Shell and Equinor to create UK’s largest independent oil and gas company

General – New Independent Producer

Equinor and Shell are to combine their UK offshore oil and gas assets and expertise to form a new company which will be the UK North Sea’s biggest independent producer.

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Final agreements for Niosi and Guduma Marin blocks offshore Gabon

Fossil Energy – Gabon

BW Energy recently announced its signing of production sharing contracts (PSCs) for the exploration blocks Niosi Marin and Guduma Marin with Gabon’s Petroleum Minister and Minister of Economy.

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UK likely to unlock £10 billion worth of North Sea oil & gas

Fossil Energy – Policy

Given the rising focus on energy security, Wood Mackenzie, an energy intelligence group, has pointed out that the United Kingdom (UK) could get its hands on an additional £10 billion of North Sea oil and natural gas value from existing assets if it puts the right set of fiscal and regulatory policies in place.

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