Fossil Energy
Floatel expects modest utilisation levels for accommodation fleet
Floatel expects the overall utilisation of the accommodation fleet to remain at modest levels in the near term.
Nord Stream 2 is Merkel’s biggest mistake, says ex-EU Council president
The decision to build the Nord Stream 2 gas pipeline was the biggest mistake of Germany’s Chancellor Angela Merkel, Polish news outlet PAP reported the former president of the European Council Donald Tusk as saying at a recent conference.
BP loads 1000th tanker of crude oil at Black Sea terminal
The BP-operated Western Route Export Pipeline has loaded the 1000th tanker at the Supsa terminal on the Black Sea.
Eni and CNR prolong partnership to tackle energy transition challenges
Eni and the CNR have extended their collaboration to navigate the challenges imposed by the energy transition.
CNOOC fires up Buzzard expansion project in North Sea
CNOOC Limited has started production from the Buzzard Phase II development located offshore in the UK sector of the North Sea.
Equinor to exit Ireland after $434 million Corrib sale
Equinor will no longer have a business presence in Ireland following the sale of its equity position in the Corrib gas project to Vermillion.
Eni sells stake in Algeria-Italy gas pipelines to Snam
Italian oil and gas company Eni has agreed to sell a 49.9% stake in its subsidiaries operating two groups of gas pipelines between Algeria and Italy to energy infrastructure operator Snam for a consideration of €385 million.
NEO Energy buying JX Nippon’s UK assets for $1.7 billion
UK-based oil and gas company NEO Energy is buying JX Nippon Exploration and Production (U.K.) Limited for about $1.7 billion.
Noreco CFO taking over as acting managing director after CEO resigns
Noreco has revealed that its CEO resigned from the position, while its CFO has been appointed as the new managing director of the company.
In focus: Bit by bit, energy transition takes a more solid shape
The energy transition is taking a more concrete shape with each passing day as witnessed in a week behind us that was full of announcements favoring the net-zero future coming from governments, across investment banks, all the way to private offshore energy companies.
Amidst outcries to phase out fossil fuels, UK’s OGA chairman stands firm on continuing North Sea exploration for the foreseeable future
OGA’s chairman insists on continuing North Sea exploration and describes it as vital to meet the UK’s energy needs, despite outcries to phase out fossil fuels.
Baltic Pipe readies for next construction milestone
The pipeline end manifold (PLEM) structure, which is going to connect the Baltic Pipe with the Norwegian gas pipeline Europipe II, will soon be installed onto the seabed.
Biden on a mission to combat rising energy prices and lack of supply by tapping into oil reserves
President Biden ordered the release of oil from the nation’s Strategic Petroleum Reserve in an effort to address rising gas prices.
Equinor files plan for further development of North Sea field, unveils investment of over $1.1bn
Equinor and its partners have submitted a PDO for the Oseberg field and revealed plans for investing over $1.1. million in this development.