The U.S. offshore wind industry is on the verge of significant acceleration over the coming years, which creates opportunities for experienced U.K. companies, says Jeff Tingley, head of strategy and market development at Xodus.
Speaking at a Global Investment Summit alongside U.K. Prime Minister Boris Johnson, Bill Gates said investment was needed to further develop new technologies that were currently too expensive for the consumer market.
British Prime Minister Boris Johnson presented his net-zero strategy on Oct. 19 that aims to secure 440,000 jobs and unlock $124 billion of private investment by 2030.
Several Wolfcamp Shale discoveries by Pioneer in the Midland Basin and Devon in the Delaware, plus Marcellus well completions by the recently merged Coterra Energy and a giant gas find in the Black Sea top this week’s oil and gas drilling activity highlights from around the world.
Zoë Yujnovich, currently head of Shell’s conventional oil and gas operations, has been named as upstream director, replacing Wael Sawan who will now lead the global supermajor’s integrated gas and renewables division.
The Sakarya offshore greenfield represents the largest gas reserve ever discovered in Turkey. The subsea development will be located approximately 100 nautical miles into the Black Sea.
Norway will continue to explore for oil and gas in the next four years, with most new drilling permits to come in mature regions of its oceans, the incoming government said on Oct. 13.
Here’s a snapshot of recent energy deals including Comstock Resources’ Bakken exit in a $154 million sale plus the $419 million cash acquisition of Tapstone Energy and SilverBow’s largest acquisition to date.
The U.S. is due to release oil and gas methane emissions regulations in the coming weeks, and the EU will unveil detailed methane legislation later this year.