(IN BRIEF) Valaris has secured a major drilling contract from Equinor, Repsol Sinopec Brasil, and Petrobras for the Raia project in Brazil. The project, located in the pre-salt region of the Campos basin, is expected to begin drilling operations in … Read the full press release
Posted in Business, Energy, Gas & Oil, Industrial, Norway
Tagged Bacalhau field, Baker Hughes, Brazil, Campos basin, drilling and well services, drilling contract, drillship, DS-17, Ensco do Brasil Petróleo e Gás LTDA, Ensco UK Drilling Limited, Equinor, Halliburton, local energy security, Mette H. Ottøy, mobilisation, natural gas, oil, one billion barrels of oil equivalent, Petrobras, pre-salt region, Raia project, Repsol Sinopec Brasil, SLB, ultra-deepwater drillship, Valaris, Veronica Coelho
(IN BRIEF) Equinor, along with partners Petoro, Vår Energi, and TotalEnergies EP Norge, has commenced production from the first well at the Lavrans field in the Kristin South area, marking the first phase of the Kristin South project. Approved in … Read the full press release
Posted in Business, Energy, Gas & Oil, Industrial, Infrastructure & Utilities, Norway
Tagged Aibel, Aker Solutions, Arne Reidar Mortensen, Åsgard C storage vessel, CO2 emissions, Development Plan, drilling activities, energy security, Equinor, European market, exploration and production, gas, Grete B. Haaland, Kevin Rex Nordlander, Kristin platform, Kristin SEMI, Kristin South area, Lavrans field, Lavrans well, Norwegian Continental Shelf, Norwegian Sea, Norwegian suppliers, oil, OneSubsea, PDO, Petoro, pipeline system, Q-segment, subsea template, TechnipFMC, TotalEnergies EP Norge, Transocean Spitsbergen, Trond Bokn, Vår Energi
(IN BRIEF) Germany aims for climate neutrality by 2045, focusing on transforming heating systems in major cities like Berlin, Hamburg, Munich, and Cologne. E.ON’s latest data highlights the prevalence of district heating and the adoption of heat pumps, alongside challenges … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Germany, Industrial, Infrastructure & Utilities
Tagged 2045 goal, Berlin, buildings, climate neutrality, CO2 emissions, CO2 reduction, Cologne, decarbonization, digital energy management systems, digital tools, district heating, E.ON, E.ON heat map, energy efficiency, energy solutions, financial benefits, fossil fuel heating systems, gas, German government, Germany, Hamburg, heat pumps, heat transition, heating plans, heating technologies, local authorities, major cities, Marc Spieker, Munich, oil, primary energy consumption, private homeowners, renovation, renovation rates, RWTH Aachen University, sustainability, sustainable heating plans., transparency, urban centers
(IN BRIEF) TotalEnergies is celebrating its 100th anniversary, marking a century of innovation and leadership in the global energy sector. Founded in 1924 as Compagnie Française des Pétroles, the company started in France without local oil resources but quickly expanded … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, France, Industrial, Management
Tagged 100th anniversary, Compagnie Française des Pétroles, COP28, decarbonized power, Direct Energie, electricity, Elf-Aquitaine, ENERGY, energy transition, France’s energy supply, hydrocarbons, LNG, Maersk Oil, multi-energy company, natural gas, oil, Petrofina, renewables, Saft, TotalEnergies
(IN BRIEF) Atlas Copco Group has acquired Zahroof Valves Inc., a company specializing in reciprocating compression valve technology based in Houston, Texas. Zahroof Valves’ innovative technology is renowned for reducing emissions and enhancing energy efficiency in the oil and gas … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Industrial, Management, Sweden, Technology
Tagged acquisition, Atlas Copco Group, carbon capture, energy efficiency, gas, gas compression applications, HOUSTON, hydrogen, oil, oil and gas industry, petrochemical, Petrochemical Industry, reciprocating compression valve technology, reduce emissions, sustainability, Texas, Vagner Rego, Zahroof Valves, Zahroof Valves Inc.
(IN BRIEF) Eni has completed the Cronos-2 well appraisal in Block 6, offshore Cyprus, confirming a production capacity exceeding 150 MMSCFD. The well aimed to assess the extension and reservoir characteristics of the Cronos gas discovery, proving hydraulic communication and … Read the full press release
Posted in Business, Energy, Gas & Oil, Industrial, Italy
Tagged calypso, Cronos, Cronos gas discovery, Cronos-2 well, Cyprus, Eni, gas, oil, TotalEnergies, Zeus
(IN BRIEF) TotalEnergies, along with its partners, has commenced production from the Akpo West field in Nigeria’s PML2 license area. This field, located 135 kilometers off the coast, is tied back to the existing Akpo Floating Production Storage and Offloading … Read the full press release
(IN BRIEF) Equinor, a leading energy provider, reported strong financial results for the fourth quarter of 2023, recording adjusted earnings of USD 8.68 billion and USD 1.88 billion after tax. The quarter saw significant operational achievements, including a 2.1% production … Read the full press release
(IN BRIEF) The Petroleum Authority of Uganda (PAU) and Uganda’s National Bureau of Standards (UNBS) have granted approval to SGS to offer Pre-Export Verification of Conformity (PVoC) services for equipment and materials intended for Oil and Gas projects in Uganda. … Read the full press release
(IN BRIEF) Equinor and Shell Offshore Inc. have jointly made the final investment decision for the Sparta deepwater development in the US Gulf of Mexico. Equinor holds a 49 percent stake in the project, which is expected to produce up … Read the full press release
Posted in Business, Energy, Gas & Oil, Industrial, Norway
Tagged Equinor, GOM, oil, Philippe Mathieu, Shell Offshore Inc., Shell plc, Sparta deepwater development, US Gulf of Mexico, Vito project, Whale project
(IN BRIEF) Norwegian aluminum company Hydro has successfully concluded a $1.11 billion transaction involving the sale of a 30% interest in the Brazilian alumina refinery, Hydro Alunorte, as well as Hydro’s 5% stake in bauxite producer Mineracão Rio do Norte … Read the full press release
Posted in Business, Industrial, Investment, Metals and Minerals, Norway
Tagged aluminum smelters, Alunorte, Glencore, Hilde Merete Aasheim, Hydro, LNG, oil
(IN BRIEF) Equinor, along with partners Petoro, Vår Energi, and ConocoPhillips, has started production at the Breidablikk field in the North Sea, four months ahead of schedule and within budget. The subsea field, tied to the Grane platform, contains nearly … Read the full press release
Posted in Energy, Gas & Oil, Industrial, Norway
Tagged Breidablikk, Breidablikk field, ConocoPhillips, Equinor, Geir Tungesvik, Grane platform, Kjetil Hove, North Sea, oil, Petoro, Vår Energi, Øygarde
(IN BRIEF) TotalEnergies EP Angola Block 20 has completed the sale of a 40% stake in Block 20, located in Angola’s Kwanza Basin, to PETRONAS ANGOLA E&P LTD (PAEPL), a PETRONAS subsidiary, for $400 million as of January 1, 2023. … Read the full press release
(IN BRIEF) Equinor and Ithaca Energy have committed $3.8 billion to Phase 1 of the Rosebank development in the UK North Sea. The project aims to recover around 245 million barrels of oil from the Rosebank field, located approximately 130 … Read the full press release
Posted in Business, Energy, Gas & Oil, Industrial, Investment, Norway, United Kingdom
Tagged Altera, Equinor, Floating Production Storage and Offloading vessel, FPSO, iEPCI™, Ithaca Energy, North Sea Transition Authority, North Sea Transition Deal, NSTA, Odfjell Drilling, oil, Rosebank development, Rosebank oil and gas field, TechnipFMC, UK Continental Shelf, UKCS, Voar Energy, Wood Mackenzie
(IN BRIEF) Eni has initiated oil and gas production from the Baleine Field off the coast of Côte d’Ivoire, less than two years after its discovery in September 2021. This marks Africa’s first Scope 1 and 2 emissions-free production project. … Read the full press release
Posted in Business, Energy, Gas & Oil, Industrial, Italy
Tagged Baleine Field, Claudio Descalzi, Côte d’Ivoire, Eni, gas, hydrocarbon, Ivorian blocks, oil, PetroCi, Petroci Holding, SDGs
(IN BRIEF) TotalEnergies has signed a Power Purchase Agreement (PPA) for the Mirny wind project in Kazakhstan, marking the country’s largest wind energy initiative. The project involves a 1 GW onshore wind farm and a 600 MWh battery energy storage … Read the full press release
Posted in Business, Energy, Gas & Oil, France, Industrial, Infrastructure & Utilities
Tagged Almassadam Satkaliyev, battery energy storage, energy transition, gas, Kazakhstan, KazMunayGas, Mirny project, National Wealth Fund Samruk-Kazyna, oil, Patrick Pouyanné, Power Purchase Agreement, PPA, renewable energy, TotalEnergies, wind farm, Wind Project, Zhambyl
(IN BRIEF) PGNiG Upstream Norway, a subsidiary of the ORLEN Group, has announced a significant increase in the estimated oil reserves of the Øst Frigg Beta/Epsilon discovery. The field may contain twice as much oil as previously assumed, with recoverable … Read the full press release
(IN BRIEF) Norwegian energy company Equinor has discovered oil and gas near the Troll field in the North Sea for the eighth time since 2019. Named Heisenberg, the discovery well was drilled by the Deepsea Stavanger drilling rig and is … Read the full press release
Posted in Business, Energy, Gas & Oil, Industrial, Management, News, Norway
Tagged DNO, Equinor, gas, Heisenberg, North Sea, oil, Troll field
(IN BRIEF) ING, a Dutch multinational bank, has announced that it will no longer provide dedicated finance for midstream oil and gas infrastructure that unlocks new oil and gas fields. The decision comes a year after the bank stopped funding … Read the full press release
Posted in Banks, Business, Energy, Gas & Oil, Environment, Management, Netherlands, News
Tagged fossil fuels, funding, gas, ING, net-zero strategy, oil, restrict
(IN BRIEF) Equinor UK Limited has agreed to acquire Suncor Energy UK Limited for $850 million, which includes a non-operated interest in the Buzzard oil field (29.89%) and an additional operated interest in the Rosebank development (40%). The acquisition will … Read the full press release
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