European Insurers Wary of Rising Threat of Sanctions Against Nord Stream 2 Pipeline A simmering threat of sanctions against the operator of the US$11 billion Nord Stream 2 pipeline risks shutting off cover from European insurers for the politically sensitive project to bring Russian gas…
UK’s Ardersier Port, which was one of the largest oil rig fabrication yards in the world employing up to 4,500 workers, is now set to be transformed into Europe’s first fully circular energy transition facility where old oil rigs will be recycled to make foundations…
The technology group Wärtsilä will supply an 8-megawatt (MW) / 32-megawatt hour (MWh) energy storage system to Colbun, one of the largest power generation companies in Chile, to accelerate its transition to renewable energy as the country targets carbon neutrality by 2050. This is…
Ørsted’s board of directors has taken the final investment decision on the Gode Wind 3 and Borkum Riffgrund 3 wind farms in the German North Sea. The 242-MW Gode Wind 3 and 900-MW Borkum Riffgrund 3 are expected to be commissioned in 2024 and…
Russia hopes Belarus will not suspend gas transit to Europe, the Kremlin said on the 1st December, after Belarusian President Alexander Lukashenko threatened to block shipments as part of a crisis over migrants at the border. The EU has accused Belarus of flying in thousands of…
The second Wells Insight report, published by the UK Oil and Gas Authority, highlights significant opportunities remaining in the UK North Sea basin, despite Covid resulting in a slowdown in 2020. The interactive, searchable publication reveals that the number of Exploration and Appraisal wellbores…
Saudi Arabian Oil Company (Aramco) has awarded 16 subsurface and engineering, procurement and construction (EPC) contracts worth US$10 billion to start development of its 200-tcf Jafurah unconventional onshore natural gas field, the largest non-associated gas field in the Kingdom. The company is targeting 200…
On the 28th November CNOOC Limited announced that it intended to deregister with the United States Securities and Exchange Commission (SEC) and terminate reporting obligations under the US Securities Exchange Act of 1934. The company noted that the delisting of its American depository shares…
Italian oil and gas company Eni and the National Research Council (CNR) have extended their collaboration in research and technological innovation in an attempt to navigate the challenges imposed by the energy transition. Eni reported that the president of the CNR, Maria Chiara Carrozza, and…
Seaway 7 has contracted Van Oord to install scour protection around the 114 jacket foundations at the Seagreen offshore wind farm in the North Sea. The wind turbines will be installed on three-legged jacket foundations, 27 km (17 miles) off the coast of Angus…
