Iran’s oil minister has said the country can increase its crude production rapidly, as world powers enter the final stages of negotiations to revive a 2015 nuclear accord with the Islamic Republic. “The next Iranian government should make it a top priority to raise…
Norwegian oil major Equinor, along with its partners, has decided to develop phase one of the Bacalhau field in the Brazilian pre-salt Santos area. Equinor said on the 1st June that the investment was worth around US$8 billion. Its partners in the project are…
PGS has started work on Phase One of the Cyprus Vision offshore data rejuvenation project, in partnership with the country’s Ministry for Energy, Commerce and Industry. Under the 14,750-square kilometre (5,695-square mile) PSDM re-processing programme, PGS aims to deliver a single data volume over…
In line with Summit’s commitment to continue transforming the power sector in Bangladesh by adopting advanced technology solutions, the company has successfully brought GE 9HA.01 heavy-duty gas turbine at its upcoming Summit Meghnaghat II power plant located in Meghnaghat, near Dhaka. Meeting the project…
Pembina Pipeline Corporation said on the 1st June that it would buy rival Inter Pipeline Ltd in an all-stock C$8.3 billion (US$6.90 billion) deal to create one of Canada’s top oil and gas transportation companies. The deal comes nearly four months after Inter launched…
Climate lawyers are gearing up to take on more fossil-fuel companies after a Dutch court ordered Royal Dutch Shell Plc to cut its emissions on the grounds that the oil giant is violating human rights by contributing to global warming. “We are already supporting other organizations to set up similar…
Abu Dhabi National Energy Company (TAQA) has started the first major asset removal project and one of the largest topside removal projects of its kind in the North Sea. TAQA took over the operatorship of the Brae area, located in the UK North Sea,…
Equinor has completed the acquisition of a site at the port of Leba to serve as the operations and maintenance (O&M) base for the Polish Baltic Sea offshore wind projects. The announcement makes Equinor the first developer to confirm an offshore wind maintenance port…
Moattama Gas Transportation Company has suspended cash distributions to its shareholders, following a proposal by the two main partners Total and Chevron. The other participants are PTTEP and MOGE. MGTC’s gas transportation system takes gas produced from the Total-operated Yadana field offshore Myanmar…
European Union countries will seek to prolong EU support for cross-border natural gas projects, a stance at odds with the European Commission’s plan to end such funding, according to a draft document. The EU’s “TEN-E” rules define which cross-border energy projects can be labelled…
