News

  • OMV’s Burghausen refinery commissions new production unit

    OMV AG, Vienna, has commissioned a new unit for production of high-purity isobutene at subsidiary OMV Deutschland GmbH’s 3.8-million tonnes/year Burghausen refinery on the German-Austrian border in Bavaria.   Equipped with a nameplate high-purity isobutene production capacity of 60,000-tpy, the new ISO C4 unit –…

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  • At NATO, Blinken Warns Germany Over Nord Stream 2 Pipeline

    US Secretary of State Antony Blinken said on the 23rd March that the Nord Stream 2 pipeline being built from Russia to Germany ran counter to the European Union’s own interests and could undermine Ukraine.   Germany is pushing for the pipeline’s completion, despite sustained…

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  • Valaris told to act following North Sea rig incident

    Norway’s Petroleum Safety Authority (PSA) has ordered Valaris to take action following an investigation of an incident onboard the jack-up Rowan Stavanger last September.   A ram door was blown off the BOP during a connection test, which was working at the time for Equinor…

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  • Orange Signs a Major Green Power Purchase Agreement With Total

    Orange has signed a Corporate Power Purchase Agreement (CPPA)  with Total, through its subsidiary Total Quadran – one of the leaders in renewable energies in France.   Total will supply Orange with 100 GWh a year of renewable electricity over a period of 20 years….

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  • Balmoral platform to leave North Sea location

    Premier Oil has issued updates on its North Sea decommissioning and field development programs, ahead of the company’s forthcoming merger with Chrysaor.   Production from the Balmoral Area in the central North Sea ceased last November, with sail-away of the floating production vessel scheduled for…

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  • Fossil Fuel Sector Talks About ESG Like Never Before

    The US fossil fuels industry is still churning out emissions, but it’s talking more than ever about what to do about them.   That, at least, is the conclusion of a Bloomberg analysis of conference calls involving the nation’s oil and gas behemoths, including Exxon…

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  • KrisEnergy extends Vietnam asset farm-out once more

    Singapore’s oil and gas company KrisEnergy has entered into a fourth extension of the long stop date under a farm-out agreement for Block 115/09 offshore Vietnam.   KrisEnergy entered into the initial farm-out agreement with an unnamed “major international oil and gas company” for the…

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  • Friedrich Vorwerk’s Energy Expertise Could Attract Investors

    German energy infrastructure company Friedrich Vorwerk is guiding investors to expect its initial public offering (IPO) to price at €45-48 (US$53.55-57.12) per share, one of the bookrunners organizing the deal said on the 22nd March.   Books are well covered throughout on full deal size,…

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