Esso Exploration & Production Guyana Ltd. (EEPGL) has let contracts to SBM Offshore of Amsterdam for the front-end engineering and design of a second floating production, storage, and offloading vessel for the Liza development on the Stabroek block offshore Guyana. EEPGL operates Stabroek block…
Norway’s Equinor and the partners in the Troll licence have submitted the plan for further development of the gigantic Troll field on the Norwegian continental shelf (NCS) to the Ministry of Petroleum and Energy on the 3rd July. Located in the North Sea, Troll…
Owners of an idled oil refinery in St Croix, US Virgin Islands, which was once one of the world’s largest refineries, plan to invest US$1.4 billion to refurbish and restart a portion of the plant, they said on the 2nd July. ArcLight Capital Partners,…
BP Plc and its partners have announced that they started natural gas production from Shah Deniz Phase 2 offshore Azerbaijan. The US$28-billion project is the first Caspian Sea subsea development. Shah Deniz 2, expected to produce 16 billion cubic metres of gas/year, is the…
French renewable energy developer Eurowatt has placed an engineering, procurement and construction (EPC) order for the 26 MW La Crémière wind park to be located in the Pas de Calais department, within the Hauts de France region, in Northern France. The EPC contract includes…
On the 29th June the largest European energy storage system using second-life and new electric vehicle batteries in a commercial building was made live. Amsterdam Alderman Udo Kock conducted the official opening ceremony. This unique project is the result of collaboration between Nissan, Eaton,…
Inga Beale to leave Lloyd’s Inga Beale is to leave Lloyd’s in 2019 after five years as chief executive officer, the global insurance and reinsurance market has confirmed. Lloyd’s did not give a precise leaving date saying it would be announced in “due course”…
Premier Oil will deploy Ocean Power Technologies’ PowerBuoy technology at its Huntington Field in the North Sea, marking the UK oil and gas industry’s first deployment of a wave energy device at an oil field. OPT’s PowerBuoy consists of a float, spar, and heave…
Four supertankers chartered by energy major BP have been held up or delayed off China’s east coast over the last two months, unable to fully discharge oil as slowing demand from the country’s private refiners starts to impact global markets. Two of the four…
Eni and INA have signed a memorandum of understanding to evaluate jointly a potential gas interconnector between Italy and Croatia. The aim is to extend the use of existing infrastructure – until now dedicated solely to offshore gas production activities in the upper Adriatic…
