ABS has granted approval in principle (AIP) to Bassoe Technology for its T-Floater floating wind turbine foundation design. The foundation is designed to carry a 10-MW turbine in the harsh conditions of the North Sea. Three columns and T-shaped pontoons allow transport of…
Nigeria’s state oil company recorded a 141.96 billion naira (US$346 million) trading surplus in June after recovering from a 37.46 billion naira deficit the previous month, the company said on the 12th December. Presenting its latest monthly report, the Nigerian National Petroleum Company (NNPC) said expenditure…
Mexico could slash Pemex’s taxes further as the world’s most indebted oil company scrambles to reverse long-term oil production declines. “With Pemex, for example, we are constantly or periodically lowering taxes so they have more funds,” said President Andres Manuel Lopez Obrador during his…
Energean Plc has let an engineering, procurement, and construction contract (EPC) to KANFA AS for a second oil train on the Energean Power FPSO tying back Karish and Karish North fields, offshore Israel. KANFA will provide project management, engineering, procurement, fabrication, and precommissioning work…
Belarusian oil company Belorusneft has cancelled its 2022 export plans to Germany via the Druzhba pipeline following new European Union sanctions on the company, three traders familiar with the matter said on the 10th December. On the 2nd December the EU imposed sanctions on several Belarusian individuals and…
Australian energy company Santos said it has completed the merger deal with Papua New Guinea-focused Oil Search worth around US$16 billion. Santos said that the merger with Oil Search was made effective on Friday, the 10th December, following the approvals by Oil Search shareholders…
QatarEnergy has entered into agreements with Shell to acquire working interests in two offshore exploration blocks in the Egyptian side of the Red Sea. Under the terms of the agreements, which are subject to customary approvals by the government of Egypt, QatarEnergy will hold…
North Star Group will provide the service operations vessel (SOV) for the third phase of the Dogger Bank wind farm 130 km (81 miles) from the Yorkshire coast in the UK North Sea. The long-term charter is valued at around £90 million (US$118.8 million),…
The new German Government is up and running. The coalition of Social Democrats, Greens and Liberals brands itself a “climate Government”. They’ve agreed that Germany should exit coal-fired power earlier than planned – in 2030 if possible. And that much more renewable energy will…
The budget bill for Iran’s next calendar year is based on an oil price of US$60 a barrel, up from US$40 this year, the semi-official Fars news agency reported. The country expects to export around 1.2 million barrels of oil daily in the year…
