Ailes Marines has contracted Van Oord to transport and install the 62 jacket foundations and the foundation piles for the offshore substation at the Saint-Brieuc wind farm in the Bay of Saint-Brieuc, 16.3 km (10.1 miles) off the French coast. The company’s installation vessel…
Move will support oil and gas industry to reduce greenhouse gas emissions, encourage progress on carbon capture and storage and hydrogen projects The OGA is embedding the Net Zero challenge in its own work, and supporting the industry as it rises to this challenge…
Qatar Petroleum has signed three farm-in agreements to acquire about 30% of Total SA’s participating interest in Blocks 15, 33, and 34 in Campeche basin, offshore Mexico. The blocks lie within 30-90 km of Cantarell and KMZ oil fields in water depths of 10-1,100…
On the 27th January this year, back when crude oil was still trading above US$50 per barrel, the owner of a UK-based valve manufacturer and supplier told Rigzone that he was seeing a “busier” supply chain in the floating production storage and offloading (FPSO) vessel…
Norwegian energy giant and LNG operator Equinor will be closing its Hammerfest liquefied natural gas export plant as part of planned maintenance in May. Equinor will shut down the liquefaction facility located on Melkøya Island for two weeks starting in the second half of…
Equinor ASA has divested its financial shareholding in Lundin Energy AB, comprising around 14 million shares and corresponding to its 4.88% percent of the shares and votes, at a total sale price of approximately SEK 3.3 billion. After the divestment, Equinor ASA will no…
The Australian Petroleum Production & Exploration Association (APPEA) has welcomed the Australian Government’s establishment of an Advancing Hydrogen Fund to support the development of a commercial hydrogen industry in Australia. The new $300 million fund could help secure the potential role hydrogen can play…
Rompetrol Rafinare SA – jointly owned by Kazakhstan’s state-owned KazMunaiGas subsidiary KMG International Group 54.63% and Romania’s Ministry of Economy, Energy & Business Environment 44.69% – has completed a 45-day general turnaround at its five million-tonne/year Petromidia refinery in Navodari on the Black Sea. …
The Norwegian government is working on measures to maintain activity levels across the country’s oil and gas industry and the supply industry during the coronavirus crisis. These include temporary targeted changes to the taxation system to allow planned projects to go forward, and a…
Up until early April the oil market was being clobbered by the double whammy of a supply glut from a Saudi-Russian price war and demand destruction on an unprecedented scale caused by the coronavirus or Covid-19 COronaVIrusDisease-2019) global pandemic. The short-lived situation has been…
