TotalEnergies is pulling out of Myanmar because of abuses and human rights violations since the coup of 1 February 2021.
TotalEnergies is pulling out of Myanmar because of abuses and human rights violations since the coup of 1 February 2021. The company has decided to initiate the contractual process of withdrawing from the Yadana field and from MGTC, both as operator and as shareholder, without financial compensation.
Magseis Fairfield has won a 4D Ocean Bottom Node (OBN) survey in the US Gulf of Mexico for a repeat customer, with an option for an additional project. The project is scheduled to start in Q2 2022 and run for two months. The company added that the conditional award of an ocean bottom node (OBN) survey in the North Sea for a repeat customer has been converted into a signed contract. The survey is expected to start in late Q2.
Shell has announced fourth quarter 2021 adjusted earnings of $6.4 billion, supported by higher commodity prices. Cash capex was $20 billion in 2021 and is expected to be at the lower end of the $23-27 billion range in 2022. Net debt reduced to $52.6 billion the end of 2021, a $23 billion reduction compared with 2020.
Exxon Mobil has launched the sale of shale gas properties stretching across 27,000 acres in the Appalachian basin of Ohio as part of a continuing divestiture of US assets.
The US Bureau of Ocean Energy Management (BOEM) was due to hold a wind auction on 23 February for more than 480,000 acres offshore New York and New Jersey, in the area known as the New York Bight. Six lease areas could result in 5.6 to 7 gigawatts of offshore wind energy.
Shell and ScottishPower have secured rights to develop large-scale floating wind farms as part of Crown Estate Scotland’s ScotWind leasing. The partners have won two sites representing a total of 5 gigawatts (GW) off the east and north-east coast of Scotland.
