Business & Finance
Norway’s Equinor spuds North Sea wildcat well
Norwegian oil and gas giant Equinor has started drilling operations on the Kveikje exploration well located in the North Sea offshore Norway.
No oil for Shell in North Sea well
Oil major Shell has failed to find hydrocarbons following the drilling of an exploration well located in the UK North Sea.
Shell sorry for buying Russian crude, pledges to withdraw from all Russian oil & gas
Shell has apologised for buying a cargo of Russian crude oil, a decision which was made with the security of supplies in mind.
CoolCo buys first of eight LNG tankers from Golar
Cool Company (CoolCo) has purchased the first of the eight modern LNG tankers from Bermuda-based LNG shipper Golar LNG.
Havila bags new deals for three vessels
Norwegian offshore vessel owner Havila Shipping has inked new contracts for three vessels for operations with different operators.
Japan Bank joins Hy24-managed Clean H2 Infra Fund
The Japan Bank for International Cooperation (JBIC) signed an agreement for equity participation in the Clean H2 Infra Fund of France, managed by Hy24.
Hellenic Cables to connect several Greek islands
Greece’s Hellenic Cables has secured a contract with the Hellenic Electricity Distribution Network Operator (HEDNO) to undertake the implementation of several new interconnections between islands. As the main contractor, Hellenic Cables is in charge of the production and supply of submarine cables,
Canada stalls decision on giant new oil project while environmentalists call for rejection and shift to wind
The ever-widening chasm between the oil and gas industry and environmentalists is evident in this as well as other new oil projects, think of Cambo in the UK, as each group holds a vastly different opinion on the effects that this project development would have within the context of the energy trans
Post-merger with Aker BP, Lundin Energy leaving behind oil & gas business to focus on renewables
Following the completion of the merger of Aker BP’s and Lundin Energy’s E&P businesses, the latter will leave behind renewable energy assets.
Plexus to suspend activities with Russian licensee
Scotland’s oil and gas services firm Plexus Holdings has decided to suspend activities with its Russian licensee Gusar until further notice as a result of the ongoing situation in Ukraine. Plexus has a license agreement with Gusar under which the Russian company is able to supply the Russian and CIS
Marine Power Systems looking for wind turbine supplier
Marine Power Systems (MPS) has launched a tender searching for a contractor to support the engineering, procurement and construction management (EPCM) of the wind turbine system for its combined wave energy and floating wind solution. Applicants are invited to submit their expressions of interest by
IOG takes final step to first gas from UK project
IOG is finishing the final works required for the start-up of its Saturn Banks Project – Phase 1 to bring it online next week.
Austria’s OMV stops pursuing investments in Russia due to Ukraine crisis
Austria’s oil and gas company OMV is also reevaluating its engagement in Russia following the attack on Ukraine.
Thermoplastic composite pipes significantly more eco-friendly than carbon steel pipes, report says
A report launched by DNV, Strohm, and the Non-Metallic Innovation Centre (NIC) has shown that thermoplastic composite pipes (TCP) have a significantly lower carbon footprint, in the range of 30-60%, than an equivalent carbon steel pipeline solution. The report outlines the results from a joint indus