OMV Petrom has been selected as the winner of the open international tender held by the Ministry of Economy and Sustainable Development of Georgia for the Offshore Block II. Peter Zeilinger, member of the Executive Board, responsible for Upstream, said: ‘We continue our plans…
Windpark Zeewolde BV, Vestas and Rabobank have closed contracts for wind turbines and financing for the Windpark Zeewolde project in the Netherlands. Windpark Zeewolde BV, a unique collaboration of more than 200 local farmers, residents and entrepreneurs of the Netherlands, has placed an order…
The Bureau of Safety and Environmental Enforcement (BSEE) has published its inaugural report which summarises the key lessons learned from 2018 and 2019 government initiated unannounced exercises on the US outer continental shelf. The inaugural report, whose purpose is to improve domestic and international…
India’s largest private refinery has halted purchases of Venezuelan oil, putting additional pressure on the Latin American country’s beleaguered oil industry. Reliance Industries Ltd, which runs the biggest refinery in the world in Jamnagar and accounted for 25% of Venezuela’s exports last year, has…
Norway’s recent tax relief package for the oil and gas industry is expected to cut breakeven prices by 40 per cent, thereby boosting the country’s rig demand while the UK’s plunges, according to Rystad Energy. A Rystad Energy assessment of the temporary tax relief…
The arrival at Able Seaton Port of another giant oil and gas platform was heralded as ‘a further example of how we are a world leader in an industry which can bring jobs and investment into Teesside for many years to come’ Peter Stephenson,…
Total and Sonatrach have signed an agreement to renew their partnership in the field of liquefied natural gas. This agreement notably allows to extend the existing supply contracts for three additional years in order to provide two million tons per year of Algerian LNG…
CSBC-DEME Wind Engineering (CDWE) has taken the final investment decision to construct the Green Jade, which is the first floating DP-3 heavy lift and installation vessel to be built in Taiwan. The vessel will be built at the CSBC shipyard in Kaohsiung and is…
Construction of an ice-resistant platform (ICP) for Gazprom’s Kamennomysskoye-Sea field on the Arctic shelf has begun. Gazprom estimates the gas field, in the Ob Bay of the Kara Sea, holds some 555 billion cubic metres of gas reserves. Production operations are expected to begin in 2025, with a design output…
Activity in the oil and gas sector continued to deteriorate further during the second quarter of this year, according to responses to the latest Dallas Fed Energy Survey. The business activity index – the survey’s broadest measure of circumstances facing Eleventh District energy firms…
