The kick-off ceremony for the realization of Gastrade SA's LNG FSRU facility in Alexandroupolis, Greece, was held on Tuesday, May 3, 2022, in the old Storage House of the Alexandroupolis Port Customs.Once delivered, the FSRU, with a capacity of 153…
Oil and gas production has started from FPSO Guanabara offshore Brazil, the first definitive production system installed in the Petrobras-operated Mero field, in the Santos Basin pre-salt. Three more FPSOs are planned for deployment at the Mero field…
China's top offshore oil and gas producer CNOOC Ltd saw its net income more than double during the first quarter of 2022 from a year ago, on the back of a surge of global oil prices and an increase in domestic oil and gas production.The listed…
Spanish energy group Repsol is taking a 'softer' approach to its search for a partner for its newly created renewables unit as oil and gas prices are helping the company generate cash, its chief executive said on Thursday.Along with major European energy companies like BP and TotalEnergies…
Norwegian state oil company Equinor said on Monday it will stop trading in Russian oil as the company shuts down operations in Russia following its invasion of Ukraine.Equinor's official announcement comes four days after Equinor's chief executive…
Italy's Saipem beat expectations for first-quarter earnings as an upturn in global oil and gas spending lifted the energy contractor's core business, putting it on track for a better year.Adjusted core earnings in the period rose 65% to 145 million euros ($157 million)…
German climate activists turned off crude oil pipelines at five locations on Wednesday, demanding the country look for other ways to reduce its dependence on Russian gas than starting new fossil fuel-based infrastructure projects such as deep-sea drilling…
Morgan Stanley raised its third-quarter price forecast for Brent by $10 per barrel to $130 citing a 'greater deficit' this year due to lower supply from Russia and Iran, which is likely to outweigh short-term demand headwinds.'The oil market is contending with negative GDP revisions…
Work on the Baltic Pipe project in the North Sea has been completed, and the pipeline is ready to ship Norwegian gas to Denmark, info on the project's website shows.Baltic Pipe is a strategic EU infrastructure project led by Danish and Polish…
Turkey will provide tax cuts to support a 145.1 billion lira ($9.9 billion) Turkish Petroleum (TPAO) project to develop the natural gas field it discovered in the Black Sea, the country's Official Gazette said on Wednesday.Natural gas was discovered…
Japan's government has asked power companies to top up their liquefied natural gas (LNG) reserves and share energy resources, a person familiar with the contingency plan said, as civilian deaths in Ukraine push Tokyo to halt Russian fuel imports…
Austrian energy group OMV said on Friday it would take a 2-billion-euro ($2.17 billion) hit in the first quarter of this year from its business in Russia as it seeks to distance itself from the country after the invasion of Ukraine.Last month…
China's top offshore oil and gas producer CNOOC Ltd. is preparing to exit its operations in Britain, Canada, and the United States, because of concerns in Beijing the assets could become subject to Western sanctions, industry sources said.Ties…
Soaring demand for U.S. liquefied natural gas (LNG) as buyers steer clear of Russian fuel is putting some long-stalled U.S. export projects back on track. But rising costs for materials and labor threaten to snarl these plants once again.Two developers with projects sidelined due to the U…
Norwegian company CCB Energy which is working to build a green industrial park at the Energy Park in Øygarden municipality, Norway, is partnering up with carbon capture and storage joint venture Northern Lights to develop a CO2 value chain for the local and regional industry in the area…
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