Circular Energy News

 

Premier Oil Signs Deal to Buy BP's North Sea Assets at Discount

Jul 20, 2020

UK-based oil company Premier Oil has signed a sale and purchase agreements (“SPAs”) with BP for the acquisition of BP’s interests in the Andrew Area and its Shearwater assets, under revised terms announced in June.The two companies had in January…

BP to Sell Petrochemicals Business to Ineos for $5B

Jun 29, 2020

British oil major BP will sell its global petrochemicals business to Ineos for $5 billion, a transaction delivering BP's divestments target a year earlier than originally scheduled.Brian Gilvary, BP’s chief financial officer, said: “With today’s…

Eni, Fincantieri in Decarbonization Co-op

Jun 03, 2020

Italian industrial giants, energy firm Eni and shipbuilding group Fincantieri have signed a Memorandum of Understanding (MoU) to explore innovative initiatives in the field of decarbonization and circular economy, including offshore renewable technologies…

Industry Group Calls for 'Key Worker' Status for Offshore Energy Workers

May 29, 2020

The International Marine Contractors Association (IMCA) has said that it continues its work to have all offshore energy workers recognized as 'key workers', in order to facilitate the efficient movement of personnel during the Covid-19 pandemic…

Saipem, CDP Sign Energy Transition Agreement

May 06, 2020

Italian energy contractor Saipem has agreed with state lender Cassa Depositi e Prestiti (CDP) to study the development of energy transition projects in Italy and abroad.In a joint statement on Wednesday, the two groups said the agreement was focused on carbon-cutting initiatives…

Nigeria Tightens Offshore Rules as 6 OSV Workers Test Positive for Covid-19

Mar 30, 2020

Nigeria's petroleum regulator has ordered oil and gas companies to reduce their offshore workforce and move to 28-day staff rotations as part of measures to curb the spread of the coronavirus, according to a circular seen by Reuters.The restrictions…

Greentown, Vineyard Pact on Offshore Wind

Feb 20, 2020

The cleantech incubator in North America Greentown Labs and Vineyard Wind, developer of the first utility-scale offshore wind energy generation facility in the Northeast U.S., have entered a partnership to run a Greentown Launch accelerator program focused on offshore wind innovations…

North Sea Firms Form Strategic Alliance

Feb 04, 2020

North Sea oil & gas sector firms Legasea Ltd and Infinity Oilfield Services Ltd have formed a strategic alliance to work on offshore topsides and subsea projects.The alliance will provide clients with a competitive, integrated service across…

Vestas Working on Zero-Waste Wind Turbines

Jan 22, 2020

Danish manufacturer of wind turbines Vestas is working towards becoming even more sustainable, as it is now striving to develop zero-waste wind turbines.'Vestas is expanding its sustainability focus beyond the positive contribution of its products to also address waste generated in the value chain…

Saudi Aramco Targets Zero Flaring

Nov 06, 2019

Saudi Aramco said on Wednesday it was joining the World Bank's initiative to reduce gas flaring to zero by 2030 and said its flaring was already less than 1% of its total raw gas production in the first half of 2019.Aramco kick-started its initial public offering (IPO) this week…

Eni CEO: No Future for Firms Working in Just O&G

Oct 18, 2019

There is no future for companies that work only in oil and gas in the medium- to long-term, the head of Italian major Eni said on Friday.'Diversification into renewable energy and the circular economy is crucial,' Claudio Descalzi told financial daily Il Sole 24 Ore in an interview…

OMV Increases Wisting Volumes

Jan 15, 2019

Austrian oil company OMV noted a rise in estimated recoverable volumes in the company’s Wisting discovery in the Barents Sea offshore Norway during last year.The company said on Monday that the estimated recoverable volumes in the Wisting discovery…

Propelling UK subsea innovation

Jan 05, 2018

Elaine Maslin profiles subsea organization National Subsea Research Initiative (NSRI)  and its current work as it prepares for a change in leadership (first published in the January 2018 OE, access full issue here).   Since its launch in 2014…

Circular energy

Nov 01, 2017

Elaine Maslin reports on a new solution aimed at converting heat in subsea pipes into power, and then using that power to measure what’s going through those pipes. Hot Ring. Image from Exnics. “Hot…

Gas to power game changer

Oct 01, 2017

A Dutch initiative is looking to combine gas to power production with CCS to unlock marginal fields on the Dutch Continental Shelf. Elaine Maslin reports. Images from Circular Energy. Like the rest of the North Sea…

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