Industry News


Greek Recoverable Gas Reserves Seen Topping 600 bcm

Apr 15, 2022

Greece could be sitting on tentative recoverable gas reserves of more than 600 billion cubic meters, a senior executive of its hydrocarbons commission said on Thursday, as Athens accelerates gas exploration to cut its reliance on Russian energy…

Le Pen's Renewables Ban Plan is an 'aberration', Macron Says

Apr 15, 2022

Marine Le Pen's plan to ban wind turbines is an 'aberration', Emmanuel Macron said on Thursday as France's presidential election campaign moved away from the two candidates accusing each other of being authoritarian to focus on concrete policies…

Flowserve's Control Valves for Norwegian CCS Project

Apr 15, 2022

Flowserve Corporation has won a contract to provide control valves for a portion of Norway’s first cross-border and open-source carbon capture and storage facility. 'With an estimated 2024 completion, this facility will be the first of its kind…

Brazil: Shell Pays $1,12B for Atapu Field Stake

Apr 15, 2022

Brazilian oil firm Petrobras has this week received R$ 5.26 billion (around $1,12 billion) from Shell for its share of 25% in compensation for the Atapu offshore block.Atapu is the block acquired by the consortium composed of Petrobras (52.5%)…

CoensHexicon Changes Name

Apr 15, 2022

Swedish floating wind technology developer Hexicon has informed that its joint venture CoensHexicon Co., Ltd. has changed its name. The new name is Hexicon Korea Co., Ltd. with the change taking effect from Friday, April 15, 2022. 'The change…

Malaysia: Hess Awards Workforce Deal to T7

Apr 15, 2022

Integrated energy solutions provider T7 Global manpower subsidiary T7 Intelligent Resources has secured a 2-year contract with the U.S. oil firm Hess in Malaysia.The contract, worth RM6 million (around $1,4 million) is for the provision of technical…

TotalEnergies Shareholders Deposit New Climate Resolution for AGM - document

Apr 15, 2022

A group of minority shareholders in TotalEnergies TTEF.PA will present to the shareholders meeting a resolution asking the oil and gas major to detail its efforts to reduce greenhouse gas emissions, a copy of the resolution showed.The group consists of 12 French shareholders representing 0…

Eni Offloads First Cargo from Miamte FPSO in Mexico

Apr 14, 2022

Italian oil company Eni has offloaded and exported first cargo from the Miamte FPSO, offshore Mexico, following the production start-up in February.The FPSO, supplied by Japan's MODEC, operates at the Miztón, Amoca, and Tecoalli fields in Area 1…

Saipem Shares Possible Cause of Crane Vessel Tilting Incident in Norway

Apr 14, 2022

Italian energy services company Saipem, whose Saipem 7000 crane vessel with 275 people aboard tilted in a fjord in Norway on Thursday morning, released a statement on Thursday evening, confirming the incident had occurred, and sharing preliminary info on the likely cause…

UK North Sea Regulator Urges Oil Firms to Collaborate Effectively on Transactions of Face Sanctions

Apr 14, 2022

ExxonMobil's sale to NEO of interests in 13 producing fields – including the Elgin Franklin fields, operated by TotalEnergies, took longer than expected to complete, prompting an investigation by the regulator in the UK - Image for illustration…

'Lifting Incident' - Saipem's Giant Crane Vessel Tilts in Norway with 275 People Aboard

Apr 14, 2022

Saipem 7000 - File Photo - Credit:Saipem Saipem 7000, Saipem's giant semi-submersible crane vessel, tilted in a fjord in Norway with 275 people aboard, the Norwegian news website vg.no has reported.According to the website, which cited eyewitness accounts…

Petronas Starts Production From BTJTB-T2 Well Offshore Indonesia

Apr 14, 2022

Image for illustration only ©GoodVibes - Photo/AdobeStockMalaysian oil and gas company Petronas has achieved its first hydrocarbon from the Bukit Tua Phase-2B’s BTJTB-T2 well located within the Ketapang Block, offshore East Java, Indonesia.  The BTJTB-T2 well was spudded on September 30…

SNC-Lavalin to Assist with Shore-power Connection for ADNOC's Offshore Platforms

Apr 14, 2022

File Photo: ADNOCSNC-Lavalin has won a four-year advisory and engineering services contract from Abu Dhabi National Oil Company (ADNOC) to support its offshore operations power project. A high-voltage, direct current (HVDC-VSC) subsea transmission…

Reuters: Oil Traders to Reduce Russian Oil Purchases from May 15

Apr 14, 2022

For illustration - Gazprom Neft's Prirazlomnaya platform -Credit:Wp.klecha/Wikimedia CommonsMajor global trading houses are planning to reduce crude and fuel purchases from Russia's state-controlled oil companies as early as May 15, sources said…

Petrobras Shareholders Elect CEO-in-waiting to Board after Weeks of Turmoil

Apr 14, 2022

©Agência Petrobras - Flávio EmanuelShareholders in Brazil's Petrobras have elected José Mauro Coelho to the firm's board, according to a source with direct knowledge of the matter, paving the way for the government technocrat to take the helm of the state-run oil company…

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