Russian pipe-laying vessel Akademik Cherskiy stopped on Saturday near the construction site of the Nord Stream 2 gas pipeline in the Baltic Sea, Refinitiv Eikon data showed on Saturday.The consortium led by Gazprom building the 1,230 kilometers…
Edison Chouest Offshore (ECO) has entered into a contract with an oil major to install battery systems aboard one of its Jones Act platform supply vessels (PSV), the U.S.-based shipowner announced Monday. With the long-term deal in hand, ECO…
The sale of a Nigerian oilfield to Eni and Royal Dutch Shell was legally 'perfect' and there was no proof of any corruption, a lawyer for former Nigerian oil minister Dan Etete said on Wednesday.Antonio Secci told a Milan court that prosecutors…
Environmental activists took Royal Dutch Shell to court on Tuesday, as they demand the energy firm drastically reduces the production of oil and gas to limit its effects on climate change.Seven activist groups, including Greenpeace and Friends of the Earth Netherlands…
Norway's risk management and quality assurance firm DNV GL has suspended work on the Nord Stream 2 gas pipeline project led by Russia's Gazprom for fear of being sanctioned by the United States, it said on Thursday.Nord Stream 2 runs alongside…
After a turbulent 2020 for the oil and gas industry, 2021 is expected to see a modest rise in investment in the UK and Norway offshore sectors, assuming a US$50 per barrel average oil price.Exploration activity could recover to 2019 levels and investment in new developments is set to increase…
SJI, a Folsom, New Jersey-based energy services holding company has entered a partnership with offshore wind developer Atlantic Shores Offshore Wind to collaborate on a green hydrogen pilot program.The collaboration will research, monitor, and…
Russian oil and gas giant Rosneft has said it has discovered a new 'unique' offshore gas field in the Arctic with total reserves of 514 bcm of gas and 53 million tons of condensate.Rosneft made the discovery at the Vostochno-Prinovozemelsky-2 license area in the Kara Sea…
Oil major Exxon Mobil Corp said on Monday it planned to reduce its greenhouse gas emissions over the next five years, as investors and climate change campaigners ratchet up the pressure for action to limit global warming.The move comes after…
Inadequate investment in exploration and new drilling may leave the world without enough oil in 20 to 30 years despite a shift towards renewable power sources, top energy analysts say.The long-term outlook contrasts with today's situation where…
Royal Dutch Shell's female employees in Britain earned 18% less on average than their male colleagues in 2020, with the pay gap slightly narrowing from the previous year.In its annual UK diversity pay gap report, Shell also published for the…
OPEC and Russia have moved closer to a compromise over oil supply policy for 2021 after talks earlier this week failed to yield a decision on how to tackle weak oil demand amid a second coronavirus wave, OPEC+ sources told Reuters.The Organization of the Petroleum Exporting Countries…
Equinor has awarded key contracts for the Northern Lights carbon capture and storage project in Norway to Aker Solutions. The contract awards come just days after the Norwegian Government announced its funding decision for the Northern Lights project…
Norwegian energy giant Equinor has joined what has been described as Europe's largest green hydrogen project - NortH2. The project aims to produce green hydrogen using renewable electricity from the offshore wind off the coast of the Netherlands of about 4 gigawatts by 2030…
OPEC and Russia on Thursday agreed to slightly ease their deep oil output cuts from January by 500,000 barrels per day but failed to find a compromise on a broader and longer-term policy for the rest of next year.The increase means the Organization of the Petroleum Exporting Countries and Russia…
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