The coronavirus is destroying the profitability of Europe’s oil refiners and the industry is hunkering down for a tough winter. Owners of plants in Finland, France and the Netherlands made announcements in recent weeks that point to the likely closure of facilities in those countries. While…
Dutch contractor Heerema wants to become the first carbon-neutral marine contractor in the offshore industry in line with the national and international emission-reduction targets. The plans are being revealed as the international maritime community pushes forward to meet the 50% GHG reduction target by 2050,…
Royal Dutch Shell Plc has let a contract to TechnipFMC PLC to provide engineering, procurement, and module fabrication (EPF) for proprietary equipment and related services for eight ethylene furnaces at Shell Nederland Chemie BV’s 971,000-tonnes/year Moerdijk petrochemicals complex in the Netherlands. Based on TechnipFMC’s…
Maersk Drilling has secured a contract from Dana Petroleum Netherlands to drill two development wells as part of Project Unity in the Dutch sector of the North Sea. The harsh-environment jack-up rig to be used for the job is yet to be assigned. The…
Total has signed the acquisition of ‘Blue Point London’ from the Bolloré Group. With this transaction, Total is taking over the management and operation of Source London, the largest electric vehicle charging network citywide, which includes more than 1,600 on-street charge points. Launched…
Commissioning has finished of facilities for the seven-well Liuhua 29-1 project, the third field developed for the Liwan Gas Project offshore China. According to Husky Energy, the company and partner CNOOC achieved start-up two years after project sanction and US$100 million below budget, despite…
A move into renewables will give the world’s biggest commodities traders access to more capital as banks reassess their lending practices amid the pandemic and a series of fraud scandals, according to the companies’ finance chiefs. “Capital is increasingly allocated based on green elements,”…
Dutch heavy lifting and transport provider Mammoet has performed a load-out operation for a gas project offshore Vietnam, stating it was the heaviest load-out operation of its type in the country. Mammoet was selected by PTSC Mechanical & Construction Company to complete a four-phase…
Lundin Energy has raised its estimate of recoverable reserves from the Edvard Grieg field in the Norwegian Sea to 350 MMboe. This is 90% higher than envisaged in the original plan for development and operation. The 50-MMboe increase, audited by ERC Equipoise, follows…
Equinor and its licence partners Petoro AS and Wellesley Petroleum AS have found oil and gas in the Swisher prospect. Recoverable resources are estimated to be in the range of 2-6 million standard cubic metres of oil equivalent, corresponding to 13-38 million barrels of…
