A key export terminal for Norwegian natural gas will close down on Saturday if a labour strike goes ahead as planned, resulting in a reduction of supplies to Europe, gas system operator Gassco said on Friday, sending prices sharply higher.The…
Final offshore wind turbine has been installed at the Blauwwind consortium's Borssele III/IV offshore wind farm project site in the Dutch North Sea, MHI Vestas, the turbine manufacturer said Friday.The last of 77 MHI Vestas V164-9.5 MW turbines…
Norwegian oil firm Equinor has been granted authorization to drill two wells at the Blasto prospect in the North Sea, off Norway.The Norwegian Petroleum Directorate said Friday it had granted Equinor a drilling permit for wildcat well 31/2-22…
Abu Dhabi's national oil company ADNOC said Thursday it had awarded a contract worth up to $519 million to Chinese seismic contractor BGP to further expand the scope of what it says is the world’s largest combined 3D onshore and offshore seismic survey…
The Trans Adriatic Pipeline (TAP), a European leg of a pipeline carrying gas from the Azeri section of the Caspian Sea, and crossing Greece, Albania, the Adriatic Sea, and Italy, has started commercial operations. TAP is the European part of the Southern Gas Corridor…
Falling oil prices and the Covid-19 effects have forced oil and gas companies to cut their spending wherever possible, leading to, as a consequence, to delays with planned UK North Sea decommissioning programs, with a 30 percent drop in decom expenditure expected in 2020…
Oslo-listed oil and gas company PetroNor has acquired SPE Guinea Bissau AB, a Guinea Bissau subsidiary of Sweden-based Svenska Petroleum. The acquisition entitles sub-Saharan Africa focused PetroNor to become the operator of the Sinapa (Block…
With the energy transition gaining pace, several exploration and production (“E&P”) companies have adjusted their business models; both to reduce emissions and to mitigate climate-related business risks. E&Ps may be grabbing the headlines regarding…
An inadequate preload procedure was found to have led to the overturning of a liftboat in the Gulf of Mexico in September 2019, the National Transportation Safety Board (NTSB) revealed in an accident brief report on Tuesday.The accident occurred while the self-propelled…
Oil major BP has confirmed plans to start shipping natural gas from Azerbaijan to Europe by the end of the year, as concerns about the military conflict over the Nagorno-Karabakh region have heightened.Armenia and Azerbaijan have been involved…
Asia-focused oil and gas company Jadestone Energy has settled its dispute with Inpex's subsidiary Teikoku, related to Block 05-1 PSC, offshore Vietnam.Jadestone Energy earlier this year started arbitration against Teikoku over Jadestone’s acquisition of an interest in Blocks 05-1 b and c…
Oil and gas company ConocoPhillips said Wednesday it had made a significant and potentially the largest gas condensate discovery offshore Norway this year.The discovery was made in the Norwegian Sea, in the production license 1009, 22 miles…
Coastwise Offshore Services has ordered a 'monomaran' aluminum vessel for the offshore wind industry from the Dutch Next Generation ShipyardsThe design of the vessel consists of 3 hulls, a middle center hull and 2 side supporting hulls and a cross structure…
Coronavirus vaccines are expected to boost international passenger transportation and oil consumption, but the first significant impact will not be felt until well into the second half of 2021, based on futures price movements on Monday.Brent…
Engineering services giant Emerson has won a $14 million contract to provide automation technologies for the new Azeri Central East offshore platform in the Caspian Sea, the latest development in the Azeri-Chirag-Deepwater Gunashli oilfield…
Subscribe
