On the 27th January this year, back when crude oil was still trading above US$50 per barrel, the owner of a UK-based valve manufacturer and supplier told Rigzone that he was seeing a “busier” supply chain in the floating production storage and offloading (FPSO) vessel…
Norwegian energy giant and LNG operator Equinor will be closing its Hammerfest liquefied natural gas export plant as part of planned maintenance in May. Equinor will shut down the liquefaction facility located on Melkøya Island for two weeks starting in the second half of…
Equinor ASA has divested its financial shareholding in Lundin Energy AB, comprising around 14 million shares and corresponding to its 4.88% percent of the shares and votes, at a total sale price of approximately SEK 3.3 billion. After the divestment, Equinor ASA will no…
The Australian Petroleum Production & Exploration Association (APPEA) has welcomed the Australian Government’s establishment of an Advancing Hydrogen Fund to support the development of a commercial hydrogen industry in Australia. The new $300 million fund could help secure the potential role hydrogen can play…
Rompetrol Rafinare SA – jointly owned by Kazakhstan’s state-owned KazMunaiGas subsidiary KMG International Group 54.63% and Romania’s Ministry of Economy, Energy & Business Environment 44.69% – has completed a 45-day general turnaround at its five million-tonne/year Petromidia refinery in Navodari on the Black Sea. …
The Norwegian government is working on measures to maintain activity levels across the country’s oil and gas industry and the supply industry during the coronavirus crisis. These include temporary targeted changes to the taxation system to allow planned projects to go forward, and a…
Up until early April the oil market was being clobbered by the double whammy of a supply glut from a Saudi-Russian price war and demand destruction on an unprecedented scale caused by the coronavirus or Covid-19 COronaVIrusDisease-2019) global pandemic. The short-lived situation has been…
Offshore helicopter operator NHV Group has won a new long-term contract with Spirit Energy to provide passenger transfer services in support of its East Irish Sea operations. NHV said on the 5th May that the operations were foreseen to start in December 2020 and…
The KRG’s Regional Council of Oil and Gas Affairs has published a report containing verified statistics covering the Kurdistan Region’s oil exports, consumption and revenues for 2019. The report, available in Kurdish, English and Arabic, provides a quarterly analysis of oil export information and…
Westinghouse Electric Company has announced that a 3D-printed thimble plugging device has been successfully installed in Exelon’s Byron Unit 1 nuclear plant during their spring refuelling outage. It is a first-of-a-kind installation for the nuclear industry. Additive manufacturing, also known as 3D printing, is an…
