Tag Archives: oil

Shell ships first LNG cargo from Prelude Floating Liquefied Natural Gas facility in Australia

THE HAGUE, 11-Jun-2019 — /EuropaWire/ — Shell announces the first shipment of Liquefied Natural Gas from its Prelude Floating Liquefied Natural Gas (FLNG) facility. The facility is located 475kms North East of Broome in Western Australia. Valencia Knutsen will deliver … Read the full press release

BP, partners invest in deepwater Block 15 offshore Angola; Sonangol joins as a new partner

BP, partners invest in deepwater Block 15 offshore Angola; Sonangol joins as a new partner

LUANDA / LONDON, 7-Jun-2019 — /EuropaWire/ — BP and partners have agreed to invest further in deepwater Block 15, offshore Angola. The current investment is part of an agreement with Angola’s National Agency for Petroleum, Gas and Biofuels (NAPGB). Under … Read the full press release

Eni welcomes new Chief Upstream Officer, Alessandro Puliti

MILAN, 30, May-2019 — /EuropaWire/ — Eni announces the appointment of Alessandro Puliti as new Chief Upstream Officer. He will start his new role on September 1st, 2019. Puliti will replace Antonio Vella, who will leave the Company at the … Read the full press release

Shell’s Appomattox Platform in the Gulf of Mexico now online months ahead of schedule and far under budget 

Shell’s Appomattox Platform in the Gulf of Mexico now online months ahead of schedule and far under budget 

THE HAGUE, 24-May-2019 — /EuropaWire/ — Shell Offshore Inc, a subsidiary of Royal Dutch Shell plc, announced it has begun production at the Shell-operated Appomattox floating production system in the deep-water of the Gulf of Mexico (US). The production starts … Read the full press release

Eni-led consortium wins exploration license of offshore block in Argentina

MILAN, 20-May-2019 — /EuropaWire/ — An Eni-led consortium wins an exploration license of offshore block MLO 124 from the Argentinian authorities. The award is a result of the consortium’s successful bid in the International Bid Round “Ronda Costa Afuera n. … Read the full press release

Saudi Aramco takes over Shell’s stake in SASREF refinery in Jubail Industrial City, Saudi Arabia

THE HAGUE, The Netherlands / DHAHRAN, Saudi Arabia, 22-Apr-2019 — /EuropaWire/ — Royal Dutch Shell plc has announced that its Shell Saudi Arabia Refining Limited’s 50% holdings of the SASREF refining joint venture in Jubail Industrial City, Kingdom of Saudi … Read the full press release

David Clark, Lloyd’s Register’s newly appointed global energy director, to lead LR’s energy business transformation

LONDON, 12-Mar-2019 — /EuropaWire/ — Lloyd’s Register‘s newly appointed global energy director David Clark to lead the transformation of the energy business of Lloyd’s Register (LR). The company is planning to reposition the professional services portfolio for growth through the … Read the full press release

Neste to drive successful execution of its global growth strategy in renewable products with new organizational structure

ESPOO, 19-Feb-2019 — /EuropaWire/ — Neste Corporation redesigns its organizational structure to strengthen its global growth strategy in renewable products. Neste will divide its growing Renewable Products business area into three business units and one operational platform each of which … Read the full press release

Glengorm becomes another great success for Total in the North Sea offshore U.K.

PARIS, 29-Jan-2019 — /EuropaWire/ — Total has announced a new significant discovery on the Glengorm prospect located in the Central Graben, which is part of the P2215 license. The license was previously part of the Maersk Oil portfolio, in water depth of … Read the full press release

The oil and gas industry in 2019: Regulation topped the list of factors most likely to drive oil and gas companies to decarbonize their operations in 2019

Confidence in the outlook for the oil and gas sector more than doubles in two years – up from 32% to 76%. 70% of senior industry professionals expect to increase or maintain capital expenditure in 2019 A third (34%) expect … Read the full press release

Eni awarded Areas A, B & C onshore Exploration Concession Agreements in the UAE Sharjah Emirate

These agreements are the result of the first International Competitive Exploration Licensing Round launched by Sharjah National Oil Corporation (SNOC) in 2018 to explore and develop new hydrocarbon resources through the establishment of new partnerships. Eni will act as Operator … Read the full press release

Eni to pursue petroleum exploration of an area of over 2,800 km2 still largely unexplored offshore Bahrain

MANAMA, Kingdom of Bahrain, 14-Jan-2019 — /EuropaWire/ — A Memorandum of Understanding (MoU) has been signed today between the National Oil and Gas Authority of the Kingdom of Bahrain (NOGA) and Eni with the aim to pursue petroleum exploration of Block … Read the full press release

CIB Capital Markets Strategist Tom Joyce comments on US-China Policy Escalation & Markets in the January issue of C-SPACE

FRANKFURT AM MAIN, 11-Jan-2019 — /EuropaWire/ — The United States and China are at a crossroad in what has become the most important bilateral relationship of the 21st Century, CIB Capital Markets Strategist Tom Joyce said in the January issue of … Read the full press release

BMT to provide engineering services for the Pengarang Deepwater Terminals development in Johor, Malaysia

Teddington, Middlesex, U.K., 19-Dec-2018 — /EuropaWire/ — BMT has been appointed by a major international EPC contractor to provide engineering services for the Pengarang Deepwater Terminals development, a major petrochemical and petroleum terminal in Johor, Malaysia. Pengerang Deepwater Terminals has the … Read the full press release

Cebr: oil price will cycle around $60 until the mid to late 2020s

Forecasting Eye  LONDON, 10-Dec-2018 — /EuropaWire/ — The announcement from the margins of the G20 that Russia and the Saudis were cooperating on oil pricing certainly gave a fillip to the oil markets. The Brent crude future rose from $58.76 per barrel … Read the full press release

Eni: Mubadala Petroleum and BP entry into Nour North Sinai Offshore concession approved by the Egyptian Government

Egyptian Government approval for the sale of a 20% interest to Mubadala Petroleum and a 25% interest to BP out of Eni’s share in the Nour North Sinai Offshore exploratory concession has been granted. The approval follows the signing of … Read the full press release

Germany’s largest natural gas and crude oil producer Wintershall advocates greater use of liquefied natural gas (LNG) in maritime shipping

CEO informs Hamburg’s First Mayor about the merger between Wintershall and DEA HAMBURG, 04-Dec-2018 — /EuropaWire/ — Germany’s largest natural gas and crude oil producer advocates greater use of liquefied natural gas (LNG) in maritime shipping. “Europe’s ports need LNG … Read the full press release

First oil production from the giant Clair Ridge project in the West of Shetland region offshore UK

Major UK North Sea development is sixth new upstream project to come on stream for BP in 2018. Targeting 640 million barrels of oil reserves; peak production of 120,000 barrels of oil a day. First offshore deployment of BP’s ground-breaking … Read the full press release

PKN ORLEN adds new source of oil suppliers from United Arab Emirates

PLOCK, Poland, 02-Nov-2018 — /EuropaWire/ — The United Arab Emirates is a new source of oil supplies to PKN ORLEN. This time the refinery in Płock will receive one million barrels, i.e. approximately 130,000 tonnes, of crude oil. The supply, expected … Read the full press release

Eni, Total and Algeria’s state oil company Sonatrach sign exclusive partnership for offshore exploration in Algeria

Eni, Sonatrach and Total signed two agreements which include an exclusive partnership for offshore exploration in Algeria in a virtually unexplored geological province. Algiers, Algeria, 30-Oct-2018 — /EuropaWire/ — The Chairman and Director General of Algeria’s state oil company Sonatrach, … Read the full press release

PGNiG to increase the production of natural gas in Norway

WARSAW, 25-Oct-2018 — /EuropaWire/ — The gas reserves of the Fogelberg field are estimated at between 7 and 14 bcm. The start of commercial production is in line with the plans of PGNiG as the company seeks to increase the production … Read the full press release

Eni further strengthens its presence in Mozambique with acquisition of new exclusive exploration and development rights

With this acquisition, Eni further strengthens its presence in Mozambique, a country that has a strategic relevance for the company. San Donato Milanese (Milan), 19-Oct-2018 — /EuropaWire/ — At the presence of the Ministry for Mineral Resources and Energy Ernesto Max Tonela, … Read the full press release

BP and Eni and Libya’s National Oil Corporation to resume exploration activities in Libya

Libya’s National Oil Corporation, BP and Eni today signed an agreement expected to lead to Eni and BP working together to resume exploration activities on a major exploration and production contract in Libya.  LONDON, 09-Oct-2018 — /EuropaWire/ — A letter of … Read the full press release

Sonatrach and Total to carry out joint petrochemical project in Arzew, western Algeria

PARIS, 09-Oct-2018 — /EuropaWire/ — Sonatrach and Total have signed two agreements as part of the comprehensive partnership announced in 2017: A new concession contract to jointly develop the Erg Issouane gas field located on the TFT Sud permit, signed by Sonatrach, … Read the full press release

Wintershall DEA: BASF and LetterOne merges their respective oil and gas businesses

BASF and LetterOne will create the leading independent European oil and gas company LUDWIGSHAFEN, 01-Oct-2018 — /EuropaWire/ — BASF and LetterOne signed a definitive transaction agreement to merge their respective oil and gas businesses in a joint venture, which will operate … Read the full press release

DNV GL begins phase II of a joint industry project on single phase flow meters in phase-contaminated oil flow

OSLO, 18-Sep-2018 — /EuropaWire/ — DNV GL is now starting phase II of a joint industry project (JIP) on single phase flow meters in phase-contaminated oil flow. Phase II of this JIP will focus on the influence of the oil fluid … Read the full press release

Royal Dutch Shell to maintain methane emissions intensity below 0.2% by 2025

Royal Dutch Shell plc (Shell) today announced a target to maintain methane emissions intensity below 0.2% by 2025. This target covers all oil and gas assets for which Shell is the operator. The HAGUE, 17-Sep-2018 — /EuropaWire/ — “This methane target … Read the full press release

Glencore: Glencore-QIA Consortium’s 14.16% stake in Rosneft sold to QIA; Consortium arrangements terminated

BASEL, 12-Sep-2018 — /EuropaWire/ — Glencore refers to the announcement on 4 May 2018 concerning the Consortium’s agreement to sell a 14.16% stake in Rosneft to a wholly owned subsidiary of QIA. This transaction has now completed. As a result of … Read the full press release

Cloud-based advanced analytics solution co-developed with BHGE will be installed on BP’s upstream assets around the world

Advanced analytics solution, developed with BHGE, will be installed on BP’s upstream assets around the world HOUSTON, TX, USA, 07-Sep-2018 — /EuropaWire/ — BP announced today that it has successfully deployed Plant Operations Advisor (POA), a cloud-based advanced analytics solution developed … Read the full press release

StormGeo becomes a one-stop-shop for digital navigation and planning for the modern maritime industry with the acquisition of Nautisk

STOCKHOLM, 05-Sep-2018 — /EuropaWire/ — The quote “A little rain never hurt anybody” is not a wise recommendation. At least not if you ask EQT portfolio company StormGeo – the leading provider of weather intelligence and decision support for companies operating … Read the full press release