Oil&Gas Archieven -

Strong rebound natural gas demand in 2021

05/07/202105/07/2021 David van Baarle45

Natural gas demand is set to rebound strongly in 2021 and will keep rising further if governments do not implement strong policies to move the world onto a path towards net-zero emissions by mid-century, according to a new report by the International Energy Agency.

EBRD ceases oil and gas investments to comply with Paris targets

02/07/202107/07/2021 Arnes Biogradlija131

The European Bank for Reconstruction and Development (EBRD) will cease investing in upstream oil and gas projects by the end of 2022 as part of its plan to align its operations with the Paris Agreement’s climate change targets.

1.7 billion dollar oil and gas investments in Norway

01/07/202107/07/2021 Arnes Biogradlija165

Norway – Equinor and Aker BP announced intentions to develop four oil and gas discoveries totaling 14.5 billion Norwegian crowns ($1.69 billion) as part of Norway’s efforts to increase output from existing assets.

Norwegian authorities approve Breidablikk field

30/06/202129/06/2021 Arnes Biogradlija116

Norway – Norwegian authorities have authorized the plan for development and operation (PDO) of the Breidablikk field in the North Sea.

World’s first AHTS hybrid battery conversion

31/05/202131/05/2021 Arnes Biogradlija154

Wärtsilä will provide its Wärtsilä HY Module, a containerised hybrid battery power and energy storage system, to Maersk Supply Service, a Danish provider of offshore marine services.

Maersk Resolve secures UK employment

17/05/202109/07/2021 Arnes Biogradlija181

United Kingdom – Maersk Drilling will employ the harsh-environment jack-up rig Maersk Resolve for drilling and hydraulic stimulation at the Breagh Alpha A11 well in block 42/13 of the UK North Sea, under INEOS Oil & Gas UK contract.

McDermott FEED for Trion FPU in Gulf of Mexico

12/05/202112/05/2021 Arnes Biogradlija159

McDermott has been chosen by BHP and Pemex, to provide Front-End Engineering Design (FEED) of a Semi-submersible Floating Production Unit (FPU) for the Trion Project in the Gulf of Mexico.

ConocoPhillips shareholders vote for emission reduction targets

12/05/202112/05/2021 David van Baarle149

USA – 58% of shareholders in ConocoPhillips have voted for a proposal by Follow This to encourage the US oil company to reduce all of its emissions, in the highest show of support on a vote of its kind. This sets a standard for the oil industry in the US and sets a high bar […]