News

  • Viva to turn Geelong oil refinery into energy hub

    Viva Energy, owner of the Geelong oil refinery 50 km west of Melbourne, plans to turn the facility into a 235-hectare energy hub which includes an LNG reception terminal and solar farm. It will retain the existing refining operations.   The LNG terminal would bring…

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  • UAE Says Oil Prices Will Soon be Back to Normal

    Oil-production limits adopted by a group of major crude suppliers will soon bring prices back to “normal,” according to the energy minister of the United Arab Emirates.   When markets were collapsing as the coronavirus pandemic crushed demand in March and early April, the idea…

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  • Motive, Orca sign Azeri MoU

    Motive Offshore has signed a memorandum of understanding (MoU) with Orca Offshore which will be focused in Azerbaijan.   The agreement is for two years.   Together the companies have already secured a six-figure contract with a major EPC client in Baku, Azerbaijan.   Source:…

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  • Santos signs new gas deal with Gold Fields

    Santos, Western Australia’s biggest domestic gas supplier, has entered into a new gas supply agreement with Gold Fields Limited for its three gold mines in Western Australia.   Santos will supply nearly 5.5 petajoules of natural gas from its Varanus Island gas plant over three…

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  • Arctic LNG 2 Train 1 on track for 2022 completion

    Train 1 of PAO Novatek’s 19.8-million tonne/year (tpy) Arctic LNG 2 liquefaction plant on Russia’s Gydan peninsula (northern Siberia) remains on track for completion by end-2022.   Novatek updated the project’s status following a meeting between partner companies’ chief executive officers.   Novatek said Arctic…

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  • Equinor, Aker BP Set Terms for Norwegian Shelf Development

    Equinor and Aker BP have agreed on commercial terms for a coordinated development of the Krafla, Fulla and North of Alvheim (NOA) licences on the Norwegian Continental Shelf (NCS), Equinor reported last week.   Aker BP operates the NOA and Fulla licences and Equinor operates…

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