Whether it’s more traffic on the roads, brighter economic readings, or persistently strong freight activity, Europe’s battered oil refineries are finally looking at some relief from Covid-19 and the devastation it wrought on petroleum demand. A measure for the profit plants make from turning…
Oil giants Eni and BP have entered into a non-binding memorandum of understanding (MoU) to progress detailed discussions on combining their upstream portfolios in Angola, including all their oil, gas, and LNG interests in the country. The companies believe that combining their efforts in…
Woodside Energy has decided to exit its 50% non-operated participating interest in the proposed Kitimat LNG liquefaction plant in British Columbia, effectively killing the project pending a buyer or outside financing. The exit will include the divestment or wind-up and restoration of assets, leases,…
Xodus Group and London Marine Consultants have completed a study assessing the risks of hydrocarbon releases across the UK continental shelf over the next decade. This was commissioned by the UK’s Maritime and Coastguard Agency (MCA), part of the government’s Department for Transport. …
The consortium, led by Rolls-Royce, which is creating a compact nuclear power station known as a small modular reactor (SMR), has revealed its latest design and an increase in power as it completes its first phase on time and under budget. It has also…
United Renewable Energy® (URE)®, a national Engineering, Procurement, and Construction provider, worked together with their development partner, New Energy Equity (New Energy), to add three new community solar gardens to Minnesota’s solar development portfolio. The three projects, located in North Branch, Lindstrom, and Cokato…
What 3 Experts Are Saying About Pipeline Attack and Cyber Insurance Article in The Insurance Journal Here is what AM Best, Fitch Ratings and CyberCube think about the recent ransomware attack that shut down Colonial Pipeline: The ransomware attack on one of the…
Semco Maritime has revealed that a consortium comprising the company and Actemium Oil & Gas Commissioning has been awarded a commissioning services contract for the Tyra redevelopment project in an international tender. Semco Maritime highlighted that the contract features several scopes of work, including…
Oil and Gas Development Company Ltd (OGDCL) discovered gas from the Jandran X-04 exploration well in District Barkhan, Balochistan province, Pakistan. The well was drilled to a depth of 1,200 metres into Parh limestone. A drill stem test was carried out in the Mughal…
Ampol (formerly Caltex Australia) and Viva Energy will keep their oil refineries operating until at least 2027 following a A$2.3 billion subsidy deal with the Australian government. The government’s fuel security package is expected to protect the earnings of the two companies during times…
