President Joe Biden says he backed off from new US sanctions against the Nord Stream 2 pipeline project because it’s nearly completed, and the move would have hurt relations with Europe. “It’s almost completely finished,” Biden told reporters on the 25th May as he…
Japan’s JX Nippon has decided to sell its oil and gas assets in the UK North Sea including its stakes in several biggest fields in the region. Reuters said in an article, citing several banking sources, that the total price tag on the sale…
Gas transport group Snam said on the 26th May that a 30% blend of natural gas and hydrogen had been used for the first time to power furnaces at a steelmaker in northern Italy. The trial, carried out at a plant near Milan belonging…
In a significant step towards the realisation of a zero-emission power and propulsion solution for shipping, Eco Marine Power is pleased to announced that it has recently received Approval in Principle (AiP) from ClassNK of Japan (Nippon Kaiji Kyokai) for its Renewable Energy System for…
The jack-up Noble Tom Prosser has started the Phase 3C infill drilling campaign on the Bayu-Undan field offshore Timor-Leste. The three new production wells will develop an additional 20 MMboe of gas and liquids reserves, extending field life and production from the offshore facilities…
Al Yasat Petroleum Operations Company Ltd has let a US$744-million contract for full field development of the Belbazem offshore block to the National Petroleum Construction Company (NPCC). The block, which lies 120 km north-west of Abu Dhabi city, consists of Belbazem, Umm Al Salsal,…
The UK will not commit to stopping new oil exploration in the North Sea despite warnings from the IEA that there can be no more oil and gas investments if the world wants to hit net-zero by 2050. The UK is due to host…
Shale investors have been demanding more consolidation in the US oil patch. But not exactly a deal like this one. The merger of Cabot Oil & Gas Corporation with Cimarex Energy Company announced on the 24th May has confounded investors and analysts, leaving them…
PJSC Gazprom and its affiliates have started construction on a previously announced combined gas processing, liquefaction, and chemical complex at the Gulf of Finland near the seaport of Ust-Luga, Leningrad Oblast. Construction activities on the proposed complex for processing ethane-containing gas (CPECG) began on…
Plans to build 10GW worth of offshore wind in the North Atlantic and connect it with the United Kingdom by undersea cables have been unveiled, starting off with a 2GW offshore wind farm to be built off the coast of Iceland to begin operations in…
