Weekly Energy News Roundup - 29th July 2022
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Welcome to the Energy Jobline weekly news roundup of all the top stories this week ending July 29th 2022, across all sectors of our industry. Please?+SUBSCRIBE?to our LinkedIn newsletter 'Energy Newsline' to receive a notification every time we publish new content.
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OIL AND GAS
Shell reports record profits on surging oil and gas prices
Shell has broken its profit record for a second consecutive quarter and announced a $6bn share buyback scheme as the fallout from the war in Ukraine continues to generate bumper earnings for the world’s oil and gas majors.
Disruption to global commodity flows following the Russian invasion has collided with resurgent consumer demand in the first half of the year, pushing prices for oil, gas and refined petroleum products to record levels.
Shell is the first of the so-called supermajors to report its half-year results, with ExxonMobil, Chevron and BP also expected to reveal strong performances in the coming days.
Ben van Beurden, CEO, SHELL
"There is a responsibility with making money and that responsibility is that we continue to invest in energy security . . . and in the energy transition because ultimately that will make society less dependent on the volatility of oil and gas"
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China Claims First Offshore Shale Oil And Gas Discovery
In a first for Chinese offshore shale, state-run oil giant CNOOC has announced what it claims to be a commercial discovery in the Beibu Gulf in the South China Sea with the tapping of oil and gas flows at a wildcat well.?
The discovery, at the Weiye 1 wildcat well, the first shale well China has ever drilled offshore, could be a game-changer for the country’s dependence on oil and gas imports.
CNOOC estimates that the Beibu gulf holds some 8.76 billion barrels of shale oil in place, and Thursday’s announcement claimed that the wildcat well flowed 20 cubic meters/day of shale oil and 1,589 cubic meters/day of natural gas.
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RENEWABLES
Energy transition or universal access to energy? What should Africa be aiming for?
Our friend Tony Tiyou over at Renewables in Africa (RiA) has just been published in Forbes Afrique . Make sure to check it out at the link below. Here is a snippet.
“You should not run 2 hares at the same time”, such is the famous French proverb which warns us that in general aiming for 2 goals is to risk losing them both. Would it be the same for Africa then?
The continent is at a turning point in its history and must respond to two major challenges: to provide universal access to modern energy to all Africans by 2030 and to decarbonize its economy by 2050. What objective should- we prioritize? Can and should Africa pursue both? Where are we now?
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Whitepaper release - Renewables Asset Management Trends and Challenges in Europe?
Now more than ever, #solar and #wind have become the important sectors for Europe to reach its 2030 renewables goals and to provide energy security for the continent. But as portfolios continues to scale at an unprecedented rate, it's vital that asset managers understand the current asset management trends and challenges.
In their latest whitepaper, our media partner Reuters Events explores "Renewables Asset Management Trends and Challenges in Europe" capturing key insights from?Alexa Capital,?Inaccess, and?SolarPower?Europe on the current state of play and key trends affecting European renewable portfolio asset managers.
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NUCLEAR
领英推荐
Russia Is Wiring Dollars to Turkey for $20 Billion Nuclear Plant
A Russian state-owned company is transferring money to a subsidiary that’s building a $20 billion nuclear power plant on Turkey’s Mediterranean coast,?alleviating concerns?the project could be delayed by war sanctions.?
Rosatom Corp.?last week sent around $5 billion to the Turkey-based builder, formally known as?Akkuyu Nuclear JSC, with two other similar dollar transfers planned for this week and next, according to senior Turkish officials with direct knowledge of the matter.?
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ENERGY JOBS & FEATURED RECRUITER -?#HIRING?NOW
This weeks featured recruiter on Energy Jobline:
GREEN RECRUITMENT SOLUTIONS
Green Recruitment Solutions are an established recruitment consultancy which specialises in sourcing quality talent within green industries. We have a vast breadth of experience which allows us to provide an unparalleled level of service on a national and global level..
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HOT JOBS
Quality Assurance / TFA Blade Repair Tech / Commissioning Techs for Immediate Hire in USA and Canada
We urgently need to fill Quality Assurance, Technical Field Advisor, Blade Repair Tech positions in Canada and the US.
Technicians will be traveling for the next 6-8 months with a company vehicle, gas card and per diem paid. There will be plenty of overtime hours available!
We are looking to get people out by the next two weeks. If you are interested, please apply.
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EV and BATTERY
Iberdrola and bp to collaborate to accelerate EV charging infrastructure and green hydrogen production
Iberdrola and bp today announced their intention to form a strategic collaboration aiming to help accelerate the energy transition.
Together, the companies intend to collaborate to significantly expand fast EV public charging infrastructure to support the adoption of electric vehicles, as well as to develop large scale green hydrogen production hubs in Spain, Portugal and the UK.?
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