Energy News


Energean to Pay Up to $405M for Remaining Stake in Energean Israel

Dec 30, 2020

Mediterranean Sea-focused oil and gas firm Energean has entered into an agreement to buy Kerogen’s 30% shareholding in Energean Israel, which would result in Energean owning a 100% stake in the company.Energean Israel holds a 100% working interest in the Karish and Tanin leases…

Report: Aker Solutions Sued by Ex-employee Amid Malaysia Graft Probe

Dec 30, 2020

A former Malaysian employee of Norway's largest oil services company Aker Solutions has sued the firm, saying it tried to stop her from speaking to authorities about its business practices, an accusation the company denies.Seetha Kumarasamy…

Polarcus Nets APAC Survey Gig

Dec 30, 2020

Offshore seismic survey contractor Polarcus has said it has been awarded a letter of award for a survey in Asia Pacific.The seismic survey vessel owner said Wednesday that the letter of award entailed the provision of 3D seismic data acquisition services in the Asia Pacific region…

Charter Extension for Rem Offshore's Rem Saltire Vessel

Dec 29, 2020

Norwegian offshore vessel operator Rem Offshore said Tuesday it had secured a contract extension for its Rem Saltire offshore vessel.Rem Offshore said in a stock exchange filing it 'has been awarded an extension to the existing contract which will secure utilization for 2021…

Sen. Schumer Calls for Offshore Wind Turbine Assembly Site to be Built in Brooklyn

Dec 29, 2020

U.S. Senator Charles Schumer on Monday joined Public Advocate Jumaane Williams, calling for a creation of a local offshore wind turbine assembly center at Sunset Park, Brooklyn, New York, and calling for the New York State Energy Research and Development Authority (NYSERDA) funding…

Lukoil's North Caspian Sea Fields Hit Oil Output Milestone

Dec 29, 2020

Russian oil giant Lukoil said Tuesday its cumulative production of oil had exceeded 35 million tonnes at its Yury Korchagin and Vladimir Filanovsky fields in the North Caspian Sea.'Lukoil carried on with these projects in 2020. In particular…

Japan's Green Growth Strategy to Help Hit Carbon Neutrality Target

Dec 29, 2020

Japan laid out a “green growth strategy” last Friday that includes a goal to replace new gasoline-powered vehicles with electric cars by the mid-2030s to reach net-zero carbon emissions and generate nearly $2 trillion a year in green growth by 2050…

OMV Petrom Exits Kazakhstan to Focus on Black Sea Assets

Dec 29, 2020

Romanian oil and gas company OMV Petrom has agreed to sell its onshore oilfields in Kazakhstan, and focus on the Black Sea region.OMV Petrom said Tuesday it had signed the transaction for the sale of its 100% shareholding in Kom-Munai LLP (KOM)…

Heerema Taps Techcross for Ballast Water Treatment System

Dec 28, 2020

South Korean ballast water treatment system provider Techcross has won a contract to install its ElectroCleen System (ECS) aboard six vessels and barges owned by offshore installation giant Heerema Marine Contractors.According to info on Techcross' website…

Shell Completes Acquisition of Offshore Blocks in Colombia

Dec 28, 2020

Colombian oil and gas company Ecopetrol has informed that Shell has completed the previously agreed acquisition of 50 percent interest in three Colombian deepwater oil and gas blocks.The two companies signed an agreement in February which entailed…

HMDC to Get Financial Support from Gov't for Hibernia Upgrades

Dec 28, 2020

Andrew Furey, Premier of Canadian province Newfoundland and Labrador, has announced financial support for the Hibernia offshore oil and gas project, operated by Exxon-led Hibernia Management and Development Company Ltd. (HMDC).HMDC operates the giant Hibernia Oil platform…

Talon Adds Three Blocks to Its North Sea Oil and Gas Portfolio

Dec 28, 2020

Australian oil and gas player Talon Petroleum has recently been awarded three new exploration licenses in the UK Central North Sea (UKCS). The new license awards were part of the recent 32nd Offshore Licensing Round offered by the UK Oil and Gas Authority…

Kremlin Says New U.S. Sanctions Could Complicate Nord Stream 2 Pipeline Completion

Dec 28, 2020

The Kremlin said on Thursday that new U.S. sanctions targeting Nord Stream 2 could complicate the completion of the stalled Russian gas pipeline to Germany, but that Moscow and European nations had an interest in it being built.Senior Trump…

MMA Offshore Wins Two Contracts for MMA Privilege Vessel

Dec 24, 2020

Australian offshore vessel operator MMA Offshore has recently secured two new contracts for its Multi-Purpose Support Vessel the MMA Privilege.The first contract is for the provision of accommodation and walk-to-work services to support FPSO shutdown operations in Côte d'Ivoire…

Santos Nabs Exploration Permit Offshore W. Australia

Dec 24, 2020

Australian oil and gas company Santos has been granted an offshore exploration license in Northern Carnarvon Basin, offshore W. Australia.The Exploration Permit WA-546-P was granted by National Offshore Petroleum Titles Administrator (NOPTA) earlier this week…

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