United Kingdom – INEOS Energy completed the sale of its oil and gas business in Norway to PGNiG Upstream Norway AS for $615 million. The agreement covers all of INEOS Oil & Gas’s holdings on the Norwegian continental shelf, including production, permits, fields, facilities, and pipelines, and takes effect on 1 January 2021. INEOS E&P […]
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Romania – Rompetrol Rafinare, a member enterprise of the KMG International Group, has finished the majority of the turnaround work on the Petromidia platform’s production units and is conducting final technical inspections in order to restore production activities safely. The technological installations will be resumed in stages and are scheduled to reach peak functioning efficiency […]
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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.
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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.
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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.
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Norway – Norwegian authorities have authorized the plan for development and operation (PDO) of the Breidablikk field in the North Sea.
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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.
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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.
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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.
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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 […]
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