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Norway's Equinor May Buy UK North Sea Oil Fields from China's CNOOC

Oct 17, 2022

Norway's Equinor considering buying oilfields in the British North Sea from China's CNOOC, including a big stake in the huge Buzzard oilfield, two industry sources told Reuters on Monday. The deal is valued at between 20 billion and 30 billion Norwegian crowns ($1.9 billion-$2.8 billion), and might close as swiftly as the end of this year, Norwegian newspaper DN reported earlier on Monday, citing unnamed sources…

Woodside Energy Delivers LNG from Australia's North West Shelf to Europe

Nov 28, 2022

Australian oil and gas company Woodside Energy said Monday it had delivered an LNG cargo to Europe on board the Woodside Rees Withers LNG carrier from Australia’s North West Shelf. The cargo of approximately 75,000 tonnes of LNG (100 million cubic meters of natural gas) was delivered on November 27…

EU Supports COP27 Call to Phase Down All Fossil Fuels

Nov 15, 2022

The European Union supports a call by India to phase down fossil fuel use as part of a COP27 deal, the bloc's climate policy chief Frans Timmermans said on Tuesday, provided it does not weaken previous agreements on reducing the use of coal…

Japan's TEPCO to Buy Scottish Floating Wind Firm Flotation Energy

Nov 02, 2022

Japan’s electricity utility Tokyo Electric Power Company (TEPCO) is set to acquire the Scottish floating wind specialist Flotation Energy. This is TEPCO's first investment in overseas wind power.Floation Energy founders Allan MacAskill and Lord Nicol Stephen developed Kincardine…

Kashagan's Oil Processing Complex to Restart in Coming Days

Oct 31, 2022

Kazakhstan's energy company KazMunayGas said on Saturday that it expects the Bolashak onshore processing complex at the giant Kashagan offshore oilfield to resume operations in the coming days after repair works at a complex unit. 'At the moment…

Exxon's Russian Oil Output Collapsed after Rejecting Local Tanker Insurance

Oct 17, 2022

Oil output at the giant Exxon-led Sakhalin-1 Russian Pacific project collapsed following the U.S. major's refusal to accept local insurance for tankers after Western insurers pulled out due to sanctions, several industry sources told Reuters…

OPEC+ Agrees Deep Oil Production Cuts, Biden Calls It Shortsighted

Oct 06, 2022

OPEC+ agreed steep oil production cuts on Wednesday, curbing supply in an already tight market, causing one of its biggest clashes with the West as the U.S. administration called the surprise decision shortsighted.OPEC's de-facto leader Saudi…

BV Sees Surge in Decommissioning Support Orders. Beats Its Full Year Target

Sep 15, 2022

Bureau Veritas Solutions Marine & Offshore, the marine and offshore technical advisory branch of Bureau Veritas, saw a surge in the decommissioning support field orders in the first six months of 2022.The company said that new decommissioning support deals in the UK…

KNOT Takes Delivery of Dual-Fuel Shuttle Tanker. Charter Secured with Eni

Aug 31, 2022

Knutsen NYK Offshore Tankers (KNOT), an affiliate of NYK,  has taken delivery of a dual-fuel LNG shuttle tanker built at Daewoo Shipbuilding & Marine Engineering yard in South Korea. The vessel has been named “Sindre Knutsen.”Like its sister ship “Frida Knutsen…

Uniper Looking to Swap Australian LNG for Atlantic Gas to Supply Europe Quicker

Aug 12, 2022

Germany's Uniper is prepared to swap liquefied natural gas (LNG) it gets from Australia's Woodside or U.S. gas, so it can boost supplies in Europe more quickly during the coming winter, it said.The strategy reflects efforts by companies and…

Germany's RWE Widens Global Search for LNG Supplies

Aug 11, 2022

RWE is holding talks with a larger number of suppliers of liquefied natural gas (LNG), not just Qatar and North America, CEO Markus Krebber said, as Germany's largest power producer continues its efforts to replace Russian gas volumes.RWE earlier…

Gazprom Cancels Dividend for First Time Since 1998. Shares Drop

Jun 30, 2022

Russian gas giant Gazprom has decided not to pay dividends on last year's results, the first time it will not pay out since 1998, sending its shares plunging by nearly 30%.'The shareholders decided that in the current situation it is not advisable to pay dividends based on the 2021 results…

Marine Design: New Offshore Support Vessel Range from Chartwell

Jun 15, 2022

U.K.-based Chartwell Marine is introducing its expanded range of offshore energy support vessel (OESV) designs ahead of Seawork 2022 this month.The new design range, spanning classes A to D outlined below, offers a foundation for the integration…

Korean Shipbuilder Can't Accept New FSRU Orders as Capacity Full

Jun 02, 2022

Korea Shipbuilding & Offshore Engineering (KSOE) has mostly filled its order book for the next 2-1/2 years as the pandemic drove demand for container ships, leaving little room to meet the needs of the liquefied natural gas (LNG) sector, a senior company executive said…

Europe's Dash for Gas & FSRUs Puts Australia's LNG Import Plans at Risk

Jun 01, 2022

Europe's race to replace Russian gas supply has threatened Australia's plans for five gas import terminals as they compete for key infrastructure, raising the risk of a supply shortfall in Australia's populous southeast in the next two years…

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