Total exports of Russian gas to European countries have so far been 18-20% higher this year than in 2023, Deputy Prime Minister Alexander Novak said on Wednesday.In January to November, supplies of pipeline gas and liquefied natural gas (LNG) exceeded 50 billion cubic metres…
Saipem and TechnipFMC, under two separate contracts, have secured notices to proceed with the development of Northern Endurance Partnership (NEP) carbon capture and storage (CCS) projects in the U.K.Saipem secured final award for the two projects…
North Sea Transition Authority (NSTA) has issued its first carbon storage permit to Northern Endurance Partnership, consisting of BP, Equinor and TotalEnergies, for the carbon capture and storage (CSS) project off the coast of Teeside. The partners…
Oil futures slipped from the highest levels in several weeks on Monday on weakness in consumer spending in China, which is the world's largest oil importer, and as investors paused buying ahead of the U.S. Federal Reserve's interest rate decision…
Brazil's Brava Energia has signed an agreement with PetroReconcavo to sell 50% of its natural gas processing infrastructure in the Potiguar basin for $65 million.As part of the partnership agreement with Brava Energia, PetroReconcavo will buy…
Norway's Equinor and partners have agreed to join two planned offshore wind projects in Britain into one legal entity, in a move it said would be more cost-effective and help to minimize the environmental impact.The projects are extensions to…
Energy major BP and Japan’s largest power generation company JERA have agreed to combine their offshore wind businesses to form a new standalone, equally-owned joint venture that will become one of the largest global offshore wind developers…
U.S. net crude oil imports are forecast to fall by 20% next year to 1.9 million barrels per day, their lowest since 1971, the Energy Information Administration said on Tuesday, pointing to higher U.S. production and lower refinery demand.The EIA expects the United States to produce 13…
China's CNOOC has sold its U.S. subsidiary, together with its upstream oil and gas assets in the Gulf of Mexico, to British chemicals group INEOS, according to a CNOOC statement issued on Saturday.The Chinese oil and gas major said CNOOC Energy Holdings U…
UK-based oil firm Serica Energy has signed an agreement with Parkmead Group to buy its exploration and production assets, expanding its North Sea oil and gas activities.As part of the agreement, Serica Energy will acquire all shares of Parkmead (E&P)…
Norwegian oil and gas operator DNO has restarted production at its Trym field in the Norwegian North Sea, which is tied-back to Tyra field’s infrastructure, after five-year shutdown.First commissioned in 2011, Trym is expected to contribute 3…
Woodside has signed a revised lump sum turnkey engineering, procurement and construction (EPC) contract with Bechtel for the three train 16.5 million tonnes per annum foundation development of Louisiana LNG.Bechtel has worked on site before Woodside’s $1…
It was likely a fairly easy decision for OPEC+ to once again delay plans to increase oil output.The soft state of global demand is by itself sufficient reason to justify the decision at this week's meeting of the group to defer winding back some of its production cuts until at least April…
Scientists from the University of Plymouth, Heriot-Watt University and the Marine Biological Association are leading a new project exploring the consequences of floating offshore wind farms on ocean life.The FRONTLINE project will employ AUVs…
Equinor has exercised a three-year option for AKOFS Offshore’s well intervention vessel AKOFS Seafarer.The option period is estimated to start in late fourth quarter of 2025, after the vessel has completed its customary Special Periodic Survey…
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