Fossil Energy
Edison sells Norwegian subsidiary to Sval Energi
Italian energy player Edison has sold its wholly-owned Norwegian subsidiary Edison Norge, the company that controls the group’s hydrocarbon exploration and production activities in Norway, to Sval Energi.
Petrobras moves European commercial activities to Rotterdam
Brazilian oil major Petrobras has decided to transfer its commercial activities from London to the Port of Rotterdam in the Netherlands.
Energean to pay up to $405M for remaining stake in Israeli subsidiary
Oil and gas firm Energean has entered into an agreement to buy Kerogen’s 30 per cent shareholding in Energean Israel, resulting in Energean owning a 100 per cent stake in the company.
Vitol pays $45 million to Petrobras in corruption settlement
Brazilian state-run oil company Petrobras has received $44.65 million in a settlement with Swiss energy trading firm Vitol, which was implicated in a sprawling national corruption probe.
Awilco Drilling terminates rig building deal with Keppel. Wants refund
Offshore driller Awilco Drilling has terminated its offshore rig construction order with Singapore’s Keppel due to a “breach of contract“ and is seeking a refund.
Lukoil reaches oil output milestone on North Caspian Sea fields
Russian independent oil company Lukoil has exceeded a cumulative production of 35 million tonnes from its Yury Korchagin and Vladimir Filanovsky fields in the North Caspian Sea.
OMV Petrom sheds Kazakhstan fields to focus on Black Sea
Romanian oil and gas company OMV Petrom has sold its onshore oilfields in Kazakhstan to focus on its portfolio in the Black Sea region.
UPDATE: Gazprom completes Nord Stream 2 pipe-laying off Germany
The Russian pipe-laying vessel Fortuna has completed the 2.6-kilometre pipeline stretch of the Nord Stream 2 gas pipeline offshore Germany.
Talon adds three offshore licenses to UK portfolio
Australia-based Talon Petroleum has been awarded three new exploration licenses in the UK Central North Sea (UKCS).
Jumbo installs Karish FPSO mooring system
Offshore transportation and installation contractor Jumbo Offshore has completed mooring work on Energean’s Karish gas field offshore Israel.
U.S. preparing fresh sanctions to halt Russia’s Nord Stream 2
The U.S. is preparing wider sanctions for the Russian gas pipeline project Nord Stream 2 and is urging European allies to stop the work.
Borr Drilling devises plan to strengthen financial footing
Borr Drilling has come up with a liquidity improvement plan with the support of creditors as part of its efforts to strengthen its financial footing.
Spirit Energy may face penalty over discharges from North Sea platform
Dutch regulator has ordered Spirit Energy to meet discharge standards on its North Sea offshore platform or face a penalty.
NEL Hydrogen to deliver PosHYdon electrolysis system
Norway’s NEL Hydrogen ASA has won the contract to deliver the offshore electrolysis system for the PosHYdon project in the Dutch North Sea. The PosHYdon pilot is an initiative of Nexstep, the Dutch association for decommissioning and reuse, and TNO, the Dutch organisation for applied scientific rese