Offshore Europe News - page 246

 

Technip Energies Stops Working on Future Opportunities in Russia

Mar 03, 2022

Technip Energies has stopped working on business opportunities in Russia, the head of the French oil and gas services provider said on Thursday, in light of the Russian invasion of Ukraine.'We have ceased to work on future business opportunities in Russia…

Wintershall Dea Writes Off $1.1B Nord Stream 2 financing

Mar 02, 2022

German oil and gas firm Wintershall Dea, one of the five co-funders of Nord Stream 2, on Wednesday said it is writing off its 1 billion euros ($1.11 billion) financing in the gas pipeline that was suspended last week.The management board of…

Exxon to Exit Russia, Leaving $4B in Assets, Sakhalin LNG Project in Doubt

Mar 02, 2022

ExxonMobil on Tuesday said it would exit Russia oil and gas operations that it has valued at more than $4 billion and halt new investment as a result of Moscow's invasion of Ukraine.The decision will see Exxon pull out of managing large oil…

Altrad to Buy Sparrows Group

Mar 02, 2022

Industrial services provider has agreed to acquire the UK-based energy industry engineering and maintenance specialist Sparrows Group.The transaction will include the acquisition of Sparrows’ wind energy business Alpha and is an important development in Altrad’s global growth ambitions…

UK Starts Urgent Review of Exposure to Russian Energy Groups

Mar 01, 2022

The UK government has launched an urgent review into how to reduce Britain's exposure to Russian gas imports and energy companies following the Ukraine's invasion, the Financial Times reported on Tuesday citing people familiar with the matter…

Serica Shuts Rhum Production Due to Subsea Control Module Issues

Mar 01, 2022

British independent Serica Energy said it has paused production from the Rhum gas field in the U.K. North Sea while it works to replace malfunctioning underwater equipment.Serica said on Monday that it identified a fault in the Rhum subsea control module…

Germany to Speed Renewables Push Due to Ukraine Crisis

Feb 28, 2022

Germany aims to speed up wind and solar energy projects, a document seen by Reuters showed on Monday, as the war in Ukraine underscores the need to reduce reliance on Russian gas.Cutting back on Russian gas has been tricky for Europe's largest…

'World Leading' Floating Wind Innovation Center to Be Built in Aberdeen, UK

Feb 28, 2022

ETZ Ltd and the Offshore Renewable Energy (ORE) Catapult have agreed to co-invest and collaborate in 'a world-leading' National Floating Wind Innovation Centre in Aberdeen.The center will be dedicated to accelerating the commercialization of…

DOF Subsea Charters Jones Act-compliant Offshore Vessel

Feb 28, 2022

Oslo-listed Subsea services company DOF Subsea has entered into an agreement with Otto Candies for the charter of the Jones Act compliant vessel Chloe Candies for a firm period of two years. The deal follows on from the charter of the Ross Candies…

Oil Rises Past $102 as Russian Energy Supply Fears Intensify

Feb 28, 2022

Oil prices jumped on Monday as Western allies imposed more sanctions on Russia and blocked some Russian banks from a global payments system, which could cause severe disruption to its oil exports.Brent crude LCOc1 rose $4.82, or 4.9%, to $102…

Port of Lowestoft: Peterson Nets Integrated Logistics Deal with Shell

Feb 28, 2022

Energy industry logistics provider Peterson said Monday it had secured a new contract with Shell to provide supply base services from the Port of Lowestoft, in the UK.'The new contract follows the expiry of a 7-year-old contract and strengthens…

Atlanta Field Drilling: Enauta Agrees Contract Extension for Alpha Star Offshore Rig

Feb 28, 2022

Brazilian oil company Enauta said Friday that it had exercised the option for the Alpha Star drilling rig to drill two wells for Atlanta’s Full Development System, in the Santos Basin, offshore Brazil.As previously reported, Enauta said earlier…

Equinor to Withdraw from Russian Joint Ventures over Russian Invasion of Ukraine

Feb 28, 2022

Norwegian oil and gas company Equinor said Monday it had decided to stop new investments into Russia and to start the process of exiting Equinor's Russian Joint Ventures.'We are all deeply troubled by the invasion of Ukraine, which represents a terrible setback for the world…

Neptune Energy Spuds Hamlet Wildcat Near Gjøa Field, Off Norway

Feb 28, 2022

OIl and gas company Neptune Energy has started drilling on the Hamlet exploration well in the Norwegian part of the North Sea.The well, formally named well 35/9-16S is being drilled by the Deepsea Yantai semi-submersible drilling rig, owned by China's CIMC and operated by Norway's Odfjell Drilling…

Wake Up Call: UK Minister Kwarteng Welcomes BP's Exit from Rosneft

Feb 27, 2022

Britain's business secretary Kwasi Kwarteng said on Sunday he welcomed BP's decision to exit its 19.75% stake in Russian state-controlled oil firm Rosneft in the wake of Russia's invasion of Ukraine.'Russia's unprovoked invasion of Ukraine…

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