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Subsea Integration Alliance Confirms Bacalhau EPCI Contract

Jun 02, 2021

Subsea Integration Alliance, a partnership between Subsea 7 and Schlumberger's OneSubsea, has officially received the contract for the delivery of subsea equipment and flowlines for Equinor's recently sanctioned Bacalhau field development offshore Brazil…

Japan to Need Months to Resume Iran Oil Imports if Sanctions Lifted

May 28, 2021

Japanese refiners will need at least three months to resume Iranian oil imports even if Tehran's nuclear talks with world powers lead to an agreement and a lifting of sanctions, the head of the Petroleum Association of Japan (PAJ) said on Thursday…

Biden: Sanctions Against Nord Stream 2 Would Harm European Relations

May 26, 2021

U.S. President Joe Biden on Tuesday said he decided to waive sanctions against the company behind the Nord Stream 2 gas pipeline because the project was nearly complete, and doing so could have harmed ties with Europe.Biden, who is preparing…

Report: Japan's JX Nippon Eyes $1.5B UK North Sea Fields Sale

May 27, 2021

Japan's JX Nippon wants to sell its British North Sea oil and gas assets including stakes in some of the basin's biggest fields in a deal that could fetch up to $1.5 billion, five banking sources [told Reuters this week].The sale is the latest…

Indian Refiner Says will 'Definitely' Buy Iranian Crude if Sanctions Lifted

May 20, 2021

Indian Oil Corp, the country's top refiner, said on Thursday it would resume purchases of Iranian oil if Washington lifts sanctions against Tehran over its disputed nuclear program.The European Union official leading talks to revive Iran's nuclear…

TotalEnergies Says It Did All It Could to Limit Gas Field Revenues Reaching Junta in Myanmar

May 28, 2021

Energy giant TotalEnergies said on Friday it had gone as far as it could for now to limit the revenues going to the military junta in Myanmar while staying within a legal framework and assuring power supplies.Total and U.S. energy company Chevron…

UK: Eni to Buy Conwy Offshore Field from Tailwind Energy

May 24, 2021

UK-focused oil company Tailwind has agreed to sell its entire working interest in the Conwy field, offshore the UK, to the Italian oil giant Eni.'Conwy has had an excellent safety and production record under Tailwind ownership but now the asset…

As Iran Eyes End of Oil Export Sanctions, will Former Asia Clients Buy?

May 21, 2021

As Iran gears up to resume oil exports once the United States lifts trade sanctions, former key clients in Japan, South Korea and Taiwan say they'll wait for the U.S. green light before investigating terms under which they might buy Iran's oil again…

Mammoet Buys Winches and Pipe Pulling Equipment from Land & Marine

May 24, 2021

Heavy lift and transportation firm Mammoet has acquired the linear winch fleet and associated pipe pulling equipment from J Murphy & Sons' Land & Marine unit.The acquisition includes two 800t capacity linear winches, which Mammoet says are unique…

AMS Buys Damen Fast Crew Supplier to Serve French Offshore Wind Market

May 18, 2021

French workboat operator Atlantique Maritime Services (AMS) has acquired a Fast Crew Supplier from the Dutch shipbuilder Damen.The Damen FCS 2610, named JLD Jayce, will be the first Damen Crew Transfer Vessel fully dedicated to the French offshore wind industry…

RWE Renewables, National Grid Team Up in U.S. Offshore Wind Push

May 20, 2021

German renewable energy giant RWE Renewables and UK-based National Grid, one of the world’s largest publicly listed utilities, on Thursday signed a partnership deal to jointly develop offshore wind projects in the coastal region of the Northeast U…

U.S. Gives Williams More Time to Build NESE Gas Pipeline

May 21, 2021

U.S. energy regulators on Thursday approved Williams Companies Inc's request for two more years until May 2023 to build the proposed Northeast Supply Enhancement (NESE) project to transport natural gas from Pennsylvania to New York.The U.S.…

Shell Shareholders Support Energy Transition Plan, Increase Pressure for Further Climate Action

May 18, 2021

Royal Dutch Shell shareholders overwhelmingly backed the company's energy transition strategy on Tuesday, but increased support for a second climate resolution filed by an activist group pointed to growing pressure to tackle climate change.A…

New Fortress' Floating LNG Plans Boosted by Maersk Drilling Rigs Buy

May 18, 2021

Maersk Drilling sold two oil drilling rigs to U.S.-based energy infrastructure company New Fortress Energy Inc (NFE) which it will convert into floating liquefied natural gas (LNG) facilities, the companies said on Monday.Maersk sold the jack…

Oil Hits $70 for the First Time since March

May 18, 2021

Oil rose on Tuesday to hit $70 a barrel for the first time since March, as expectations of demand recovery following reopenings of the European and U.S. economies offset concern over spreading coronavirus cases in Asia.The British economy reopened on Monday…

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UK Trade Body Challenges Government View on North Sea Gas Decline

UK Trade Body Challenges Gover

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