Canadian crude surged by the most ever after Enbridge Inc said it would not implement a new procedure to stop shippers from claiming more space than they can use on a key pipeline linking Alberta’s oil sands with US refineries. Western Canadian Select jumped…
Gaz-System and Energinet have signed a co-financing agreement with the EU Innovation and Networks Executive Agency for the engineering works for the Baltic Pipe gas project. Signing of the contract during the recent “Energy Infrastructure Forum” in Copenhagen confirms the EU Member States’ decision…
Norway’s Equinor has sold parts of its stake in an offshore block containing the giant Carcará oil field, offshore Brazil under the agreements signed in 2017. Equinor sold a 36.5% interest in the BM-S-8 block to ExxonMobil and a 3% interest to Galp. …
Queensland is leading the national charge towards a record year for the large-scale solar industry, Clean Energy Council Chief Executive Kane Thornton said in launching the 2018 Large-scale Solar Industry Forum in Brisbane. Mr Thornton said 20 projects were actively under construction, would soon…
Allseas’ multi-purpose construction vessel Pioneering Spirit has completed its first platform installation job, the single-lift 22,000-metric ton (24,251-ton) drilling platform topsides for Equinor’s Johan Sverdrup development in the Norwegian North Sea. According to Allseas, this was the heaviest installation executed anywhere in a single…
Poland is confident of meeting a 2022 deadline for completing a new Baltic Sea gas pipeline to Norway, a government official said, despite a report that the project could be delayed. The Polish tabloid Fakt reported last week that the Baltic Pipe project, which…
Italian contractor Saipem has been awarded a pipeline project in the Engineering & Construction (E&C) offshore sector in the Middle East worth approximately US$1.3 billion. The Italian company said on the 4th June that the contract involves engineering, procurement, construction and installation (EPCI) activities…
The state-owned Qatar Petroleum has signed an agreement to acquire a 30 percent stake in two Exxon Mobil affiliates in Argentina. The agreement gives the Qatari oil and gas company shares in ExxonMobil Exploration Argentina SRL and Mobil Argentina SA for exploration, drilling and…
Iran started swapping oil with Iraq’s Kirkuk on the 3rd June, after the two neighbours sorted out the logistic issues which were preventing the swap’s start-up. According to the CIF-based swap deal, Iran receives 30,000 to 60,000 bpd of oil from the Kirkuk oil…
AIM-listed Union Jack Oil has acquired a further 12.5% in the licences PEDL180 and PEDL182 containing the Wressle discovery and the Broughton North Prospect, for a Deferred Consideration of £1.04 million from Celtique Energie Petroleum. Highlights Union Jack acquires a further 12.5% in the…
