A multi-million pound fund has been set up to help the energy sector recover from the dual economic impacts of coronavirus (COVID-19) and the oil and gas price crash. The £62 million Energy Transition Fund will support businesses in the oil, gas and energy…
Insurers Distance Themselves from Disputed Australia Coal Project as Backlash Grows Global insurance companies linked to Adani’s Carmichael coal mine in Australia are distancing themselves from the controversial development, as pressure mounts on financial institutions to cut their ties to the fossil fuel industry. …
As part of its ongoing COVID-19 response, the UK Government earlier this week unveiled a series of restrictions requiring a 14-day quarantine period for travellers entering the country. Five industry associations – acting under the auspices of their Offshore Industry Group organisation –urged the…
Dutch offshore access provider Ampelmann has secured a contract from Royal Niestern Sander, a member of the Royal Wagenborg Group, for the sale of a winterised A-type motion compensated gangway system. Ampelmann said on Thursday that the new winterised A-type gangway combines features of…
Saipem’s Castoro Sei has completed laying the 105-km (65-miles) long offshore section of the Trans Adriatic Pipeline (TAP) across the Adriatic Sea. TAP is an 878-km (545-miles) long pipeline system that will transport gas from the Shah Deniz II field in the Azerbaijani sector…
GE Renewable Energy has announced that it has been selected by Naturgy to provide a five-year full-service agreement (FSA) for the La Rabia Wind Farm in Spain. The wind farm includes 13 Eco-80 turbines. GE will be providing full preventive and corrective maintenance tasks…
On the 11th June South Africa’s cabinet approved the merger of three state-owned oil and gas firms to form a single national oil company, as it tries to cut debt by reducing the number and increase the competitiveness of state-owned firms. PetroSA, which runs…
Global upstream spending is now forecasted to reach US$383 billion this year, the lowest level in 15 years and a staggering 29% decrease of US$156 billion compared with 2019, Rystad Energy analysis shows following publication of the industry’s first quarter results. With 2019’s upstream…
Kuwait will no longer hire expatriates for jobs in its oil sector as the OPEC member moves to reduce the number of foreigners in the country. Non-Kuwaiti nationals won’t be hired at Kuwait Petroleum Corporation, the main state-run energy producer, and its subsidiaries for…
Chinese oil and gas company CNOOC Limited has started production from the Qinhuangdao 33-1S oilfield phase I project, located offshore China. Qinhuangdao 33-1S oilfield is located in central and western Bohai with an average water depth of 21 metres. It is one of…
