Qatar exported what appears to be its first oil cargo to a Persian Gulf neighbour since the United Arab Emirates and three other countries agreed to restore ties with Doha in January. Qatar loaded about 700,000 barrels of oil onto the tanker Abu Dhabi-III on the…
CHC Group, an offshore helicopter services provider, has entered into a conditional agreement for the acquisition of the Oil and Gas aviation business of Babcock International Group. The business provides offshore oil and gas crew transportation services in the UK, Denmark and Australia. …
Equinor has proven more oil close to its Johan Castberg development in the Barents Sea. The semi-submersible Transocean Enabler drilled well 7220/7-4 in production licence 532, 10 km (6.2 miles) south-west of well 7220/8-1 on the Johan Castberg field, in 351 m (1,151 ft)…
GE Renewable Energy has announced that it plans to open a new blade manufacturing facility in Teesside in the north-east of England. LM Wind Power plans to set up and operate this plant which will be dedicated to the production of its 107-metre- long…
In August, the European Bank for Reconstruction and Development (EBRD) acquired a 25% stake in Vestmoldtransgaz. As Moldova’s state-owned pipelines operator, the company is responsible for Moldova’s newly built 74.5-mile (120-km) Ungheni-Chisinau gas pipeline. EBRD acquired their new stake from Transgaz, the parent…
The Interior Department has rescinded a Trump administration legal opinion which narrowed protections for migratory birds and Interior will revoke a regulatory rule which followed from that legal opinion, according to an Interior spokesperson on the 8th March. For oil companies, the Biden administration’s…
New Zealand Oil & Gas (NZOG) has relinquished the Toroa petroleum exploration permit, the final permit located outside the Taranaki Basin. The Toroa permit, or as it is precisely named – Petroleum Exploration Permit 55794, contains the Kaipatiki prospect and is the last of…
In just over two months, North Sea deal-making has surpassed last year’s total as companies look to make the most of crude’s emergence from the pandemic-induced slump. Disclosed oil and gas acquisitions have reached US$2.7 billion this year, according to consultant Wood Mackenzie Ltd….
Eni agreed to sell its shares in its entities in Pakistan to Prime International Oil & Gas Company, a newly established company formed by former Eni employees and Hub Power Company Ltd, the largest independent Pakistani power producer. The activities covered by the agreement…
A subsea pipeline which would connect Israel’s Leviathan gas field to Egyptian liquefied natural gas (LNG) terminals could double Israel’s gas export capacity to Egypt, the Israeli energy minister said on the 9th March. Israel started exporting gas to Egypt at the beginning of…
