Tuesday, January 7, 2025
Shell scraps plans to develop Cambo North Sea oilfield- oil and gas 360

Shell scraps plans to develop Cambo North Sea oilfield

Nasdaq LONDON, Dec 2 – Royal Dutch Shell RDSa.L said on Thursday it had scrapped plans to develop the Cambo North Sea oilfield, which became a lightning rod for climate activists seeking to halt Britain’s development of new oil and gas resources. Following “comprehensive screening” of the Cambo field, Shell “concluded the economic case for investment in this project is not

Pemex replaces CFO as Mexico’s president tightens his grip- oil and gas 360

Pemex replaces CFO as Mexico’s president tightens his grip

World Oil MEXICO CITY (Bloomberg) –Petroleos Mexicanos is replacing its finance chief as President Andres Manuel Lopez Obrador tightens his grip on the struggling state oil giant. In Pemex’s first C-suite shift under the current administration, the Mexican producer named risk management chief Antonio Lopez Velarde its chief financial officer, replacing Alberto Velazquez Garcia, who will run a new unit.

Analysis-European insurers fear sanctions coming down Nord Stream 2 pipe- oil and gas 360

Analysis-European insurers fear sanctions coming down Nord Stream 2 pipe

Reuters LONDON – A simmering threat of sanctions against the operator of the $11 billion Nord Stream 2 pipeline risks shutting off cover from European insurers for the politically-sensitive project to bring Russian gas directly to Germany. Kremlin-backed energy giant Gazprom leads the consortium which, despite stiff opposition from the U.S. and some European nations, has built the pipeline under

OPEC to proceed with plans to increase January oil output-oil and gas 360

OPEC to proceed with plans to increase January oil output

World Oil (Bloomberg) –OPEC and its allies agreed to proceed with their next oil-production hike, while signaling they could revisit the decision at any moment as the risk to demand from the omicron variant of Covid-19 becomes clearer. The group will add 400,000 barrels a day of crude to global markets in January, as previously scheduled. However, it also left