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Not an Aspiration, But a Target: Eni Says Will Become Carbon Neutral by 2050

Feb 19, 2021

Italian energy group Eni on Friday raised its ambition to cut greenhouse gas emissions, vowing to become net carbon neutral by 2050, as it seeks to keep up pace in an industry under pressure from investors to go green.Like its peers, Eni is stepping up plans to transition to cleaner fuels as governments around the world ratchet up green deals to tackle the climate crisis and electrify economies.'We commit to the full decarbonization of all our products and processes by 2050…

Petrofac Eyes Refinancing as It Faces $240M Bribery Fine

Oct 04, 2021

British oil services group Petrofac said it is looking at refinancing options including debt and fresh equity as it faces a possible $240 million fine from a London court.Petrofac decided to plead guilty to seven charges after a four-year Serious…

Energy Transition: Eni, Mubadala in Decarbonization Collaboration

Sep 08, 2021

Italy's Eni has teamed up with Mubadala Petroleum to look at joint investments in the energy transition field as part of plans to cut carbon footprints.In statements on Tuesday, the two groups said they had signed a memorandum of understanding…

CHC Buys Babcock's Offshore Helicopter Business

Sep 03, 2021

Offshore helicopter transportation company CHC has said it has completed the acquisition of Babcock International’s offshore oil and gas aviation business. The acquisition, first announced in March, will increase CHC's offshore crew transportation…

TotalEnergies, Technip Energies Team Up to Decarbonize Offshore and LNG Sectors

Jul 21, 2021

TotalEnergies, a France-based oil major with green energy aspirations, is partnering up with energy services giant Technip Energies to develop low-carbon solutions for LNG production and offshore facilities.As part of the partner-up, which the duo says is set up to accelerate the energy transition…

Australian Oil Firm Expands North Sea Acreage

May 21, 2021

Australian oil and gas company Finder Energy said Friday it had acquired two 'highly prospective' UK North Sea-operated licenses, P2502, and P2524, from Azinor Catalyst Limited.Perth-based firm said that the license P2502 was located on the western edge of the East Shetland Basin…

Aibel: Large Johan Sverdrup P2 Platform Module Leaves Thailand

Apr 13, 2021

Norwegian company Aibel, specializing in the construction of modules for offshore oil and gas platforms, last week saw the giant Main Support Frame (MSF) module for the Johan Sverdrup P2 platform in Norway leave its yard in Thailand, two years after the start of the construction…

Indian Oil Corporation Buys Its First Johan Sverdrup Crude Cargo

Apr 05, 2021

State-run refiner Indian Oil Corporation (IOC) has made its first purchase of Norway's Johan Sverdrup crude, buying four million barrels via a tender as it speeds up diversification of crude imports, two trade sources told Reuters on Monday…

Ampelmann Clinches Eight New Projects in APAC

Mar 31, 2021

Dutch-based offshore gangway specialist Ampelmann has said it has recently secured five contracts covering eight projects in the Asia Pacific. Five of the eight are in the renewables space.'All contracts were signed in Q1 of 2021 and consist…

Borr Drilling Wins New Rig Contracts, Extensions Worth $48M

Mar 24, 2021

Shallow water drilling rig contractor Borr Drilling said Wednesday it had entered into agreements potentially adding a total of $48 million over approximately 590 days to its rig contract backlog.For the jack-up rig 'Natt' Borr Drilling has…

Alexey Miller to Stay at Gazprom Helm for Five More Years

Feb 25, 2021

Alexey Miller will remain at the helm of the Russian oil and gas giant Gazprom for another five years, the company said in a statement on Wednesday. 'The Board of Directors reviewed the issue of electing the Chairman of the Gazprom Management…

Lukoil Offers to Buy FAR to Get Hold of Sangomar Field Stake Offshore Senegal

Feb 17, 2021

Russian oil company Lukoil is still working to obtain a share in the offshore block in Senegal containing the Sangomar development, after its first attempt last year to buy Cairn's share in the project was blocked out by Woodside, which exercised its pre-emption rights as a partner in the block…

France's Total to Change Name in Pivot Away from Oil

Feb 09, 2021

France's Total posted better than expected earnings in the fourth quarter as oil prices stabilized, and said it would change its name as part of a push to diversify and grow renewable power and electricity production.The French oil and gas major…

Green(er) Rigs: NOV, Kongsberg, COSL Team Up to Cut Offshore Drilling Emissions, Cost

Feb 03, 2021

Offshore drilling contractor COSL Drilling has partnered up with maritime tech provider Kongsberg Maritime, and drilling equipment firm NOV, to cut greenhouse emissions and lower the cost of its offshore drilling operations.COSL’s project, called ‘Energy Control’…

Awilco Drilling CEO Resigns as Rig Cancellations 'Change Prerequisites'

Feb 01, 2021

Jens Berge, Chief Executive Officer of the troubled offshore drilling contractor Awilco Drilling has resigned from the company 'to pursue other opportunities.'In an announcement released Sunday evening (CET), Oslo-listed Awilco Drilling, which…

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BP to Buy All Oil Produced from Cliff Head Offshore Field (Australia)

BP to Buy All Oil Produced from Cliff Head Offshore Field (Australia)
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