Business & Finance
Greece’s first offshore LNG terminal coming online in 2024 to bolster Europe’s low-carbon energy mix
An FSRU, currently under conversion, will secure low-emission energy while enhancing Southeastern Europe’s diversification of gas sources.
UK’s tax changes: First step to ‘restore confidence’ in oil & gas sector and safeguard energy security
The UK has now made adjustments to the oil and gas tax terms in a bid to protect the country’s energy security.
Confirmation of ‘significant’ oil discovery in North Sea comes with details galore
Aker BP recently revealed a new oil discovery in the North Sea off Norway, which was made using a Saipem-owned rig.
Fault found at first UK-Norway interconnector
A fault has been found on the 1,400 MW North Sea Link (NSL) that connects the UK and Norway causing the interconnector to operate at half capacity. Norway’s Statnett reported yesterday, 8 June, that a fault caused the unavailability of the NSL interconnector in the afternoon and the project will be
Halliburton lands five-year deal for offshore drilling services
Haliburton has been picked by Vår Energi for a long-term strategic partnership, covering drilling services on the Norwegian Continental Shelf.
Norway greenlights $700 million tie-back project in North Sea
Aker BP has received approval for a plan for development and operation (PDO) of its offshore tie-back project in the North Sea.
Australian firm secures work on Baltic Pipe gas pipeline
Poland’s GAZ-SYSTEM has appointed an Australian engineering and project delivery services company to provide technical assistance in integrity management and supervision during the operations of the Baltic Pipe gas pipeline. Under the five-year agreement, Perth-headquartered SEA Global will perform
New North Sea assignment for Siem vessel
Siem Offshore has secured a deal for one of its anchor handling tug supply (AHTS) vessels with an undisclosed operator.
Poland and Denmark partner up for energy transition with hydrogen and biomethane on the table
Polish natural gas transmission system operator (TSO) GAZ-SYSTEM and Danish TSO Energinet have signed a Memorandum of Cooperation to work together on accelerating energy transition and strengthening regional energy security in Europe. The agreement was signed on 26 April during the Baltic Pipe gala
Hyundai Heavy taps GTT for tank design of four new LNGCs
French LNG containment specialist GTT has received an order from its South Korean partner HD Hyundai Heavy Industries (HHI) for the tank design of four new liquefied natural gas carriers (LNGCs). According to GTT, the order was made on behalf of an Asian shipowner. The LNG carriers will each offer a
As calls for more UK-produced energy lock horns with outcries to ban new oil & gas, all roads lead to renewables
Renewables are seen as the UK’s road to net-zero, but many feel this should be a gradual shift in investment rather than casting new oil & gas aside right away.
Bidirectional Dutch-UK subsea pipeline to halt gas flow in September
The Balgzand-Bacton Pipeline (BBL) between the Netherlands and the UK will make a one-week pause to gas flows in September due to planned maintenance. BBL Company, the owner of the 235-kilometer subsea gas interconnection, announced at the beginning of May that the planned maintenance is scheduled f
Norwegian seismic firm plans ‘first 2D-cubed project offshore Brazil’
Norwegian seismic company TGS is planning to carry out the first 2D-cubed project offshore Brazil, a technology said to enable the transformation of 2D data into a 3D volume that can be interpreted on a regional scale. The Amazonia Azul 2D-cubed project represents an expansion of TGS’ multi-client d
IOG’s Southern North Sea well to come online this month
UK-headquartered IOG plc is planning to bring the second Blythe production well on stream this month, despite losing 34 days to the well control event. In an update issued following well clean-up and testing operations that took place at the Blythe H2 well from 4 to 7 June, IOG plc revealed that the