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Oil & Gas

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Floatel Victory
Oil & Gas

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.

about 4 years ago
Nord Stream 2 is Merkel’s biggest mistake, says ex-EU Council president
Oil & Gas

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.

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about 4 years ago
Stamos - BP
Oil & Gas

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.

about 4 years ago
Eni and CNR prolong partnership to tackle energy transition challenges
Oil & Gas

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.

about 4 years ago
Pioneering Spirit during Buzzard Phase II heavy lift - CNOOC
Oil & Gas

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.

about 4 years ago
Equinor
Oil & Gas

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.

about 4 years ago
Eni sells stake in Algeria-Italy gas pipelines to Snam for €385 million
Oil & Gas

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.

about 4 years ago
Culzean field in the North Sea. Source: TotalEnergies
Oil & Gas

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.

about 4 years ago
Noreco names CFO as managing director
Oil & Gas

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.

about 4 years ago
Amidst outcries to phase out fossil fuels, UK’s OGA chairman stands firm on continuing North Sea exploration for foreseeable future
Oil & Gas

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.

about 4 years ago
Baltic Pipe readies for next construction milestone
Oil & Gas

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.

about 4 years ago
Biden on a mission to combat rising energy prices and lack of supply by tapping into oil reserves
Oil & Gas

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.

about 4 years ago
Equinor unveils plans for further development of Oseberg field in North Sea
Oil & Gas

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.

about 4 years ago
Wood secures work on Turkey’s largest gas reserve
Oil & Gas

Wood secures work on Turkey’s largest gas reserve

Scottish consulting and engineering company Wood has secured a contract with Turkish Petroleum (TP) for the Sakarya gas field development project.

about 4 years ago