News

  • Eni and Shell Acquitted in Lengthy Court Case

    Eni SpA, Royal Dutch Shell Plc and several of their current and former executives have been acquitted of corruption charges related to a Nigerian oil deal by a court in Milan.   The verdict ends a three-year legal saga which loomed large over the tenure…

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  • Aker Solutions, Heerema to decom Equinor’s Heimdal and Veslefrikk fields

    Norwegian oilfield services company Aker Solutions has signed a ‘sizeable’ letter of intent with Heerema Marine Contractors (HMC) for decommissioning work on Equinor’s Heimdal and Veslefrikk fields off Norway.   Aker Solutions said on the 18th March that the scope includes reception, dismantling and recycling…

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  • UK issues grants for three carbon projects

    Equinor has secured funding from UK authorities for three CO2 emissions projects in north-east England.   The collective aim of the company and its partners is to create the world’s first net zero industrial cluster by 2040.   Funds will be issued under the UK’s…

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  • Basra-Aqaba Pipeline may be extended into Egypt

    Iraqi and Egyptian officials have discussed the possibility of extending the Basra-Aqaba pipeline to Egypt.   The matter was discussed at a meeting on the 18th March between Iraq’s Oil Minister Ihssan Abdul-Jabbar Ismail the Egyptian Ambassador to Iraq.   A press release after the…

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  • Indian Refiners to Import More Oil from USA

    Indian refiners plan to buy less oil from the Middle East in the coming months as OPEC+’s supply restrictions makes US crude more attractive.   Strong gasoline demand due to people favouring private vehicles amid the Covid-19 pandemic and a slower recovery in diesel is also giving…

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  • Divers repair war-damaged wells offshore Iran

    Iranian Offshore Oil Company has rehabilitated four damaged wells at the Nowruz field in the Persian Gulf.   According to news service Shana, wells 5, 6, 7 and 8 caught fire during an air attack in the Iraq-Iran war of the early 1980s.   Due…

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  • UKSMR Consortium Joins European Nuclear Industry Group FORATOM

    The UKSMR consortium led by Rolls-Royce has joined European nuclear industry group FORATOM, as it develops its global reach and eyes a vibrant export market.   The UKSMR consortium is designing a low-cost factory built nuclear power station, known as a small modular reactor (SMR)….

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