Tag Archives: oil

Atlas Copco Group Expands Sustainability Portfolio with Acquisition of Houston-based Zahroof Valves Inc.

(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

Eni Successfully Wraps Up Cronos-2 Well Appraisal in Offshore Cyprus

(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

TotalEnergies Launches Akpo West Field Production, Boosts Nigeria’s Energy Sector

(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

Equinor Posts Robust Q4 Earnings of USD 8.68 Billion Amid Strategic Growth Moves

(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

SGS Approved as Pre-Export Verification Provider for Oil and Gas Equipment in Uganda

(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

Equinor and Shell Approve Sparta Project to Boost Gulf of Mexico Production

(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

Hydro Completes $1.11 Billion Sale of Stake in Brazilian Alumina Refinery and Bauxite Producer

(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

Equinor and Partners Achieve Early Success with Breidablikk Field Production in North Sea

(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

TotalEnergies Continues Commitment to Angola’s Energy Landscape with Block 20 Deal

(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

Major Investment: Equinor and Ithaca Energy Greenlight $3.8 Billion Rosebank Project on UKCS

(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

Africa’s First Emission-Free Oil Production: Eni Launches Operations in Côte d’Ivoire’s Baleine Field

(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

TotalEnergies Accelerates Renewable Energy Development in Kazakhstan with Mirny Wind Farm Agreement

(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

ORLEN Group’s PGNiG Upstream Norway Discovers Significant Increase in Øst Frigg Field Reserves

(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

Equinor strikes oil and gas for eighth time near Troll field in North Sea

(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

ING to restrict funding to midstream oil and gas activities as part of net-zero strategy

ING Repurchases Nearly 1.7 Million Shares, Demonstrating Progress in Buyback Initiative

(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

Equinor Boosts UK Operations with $850 Million Suncor Energy Acquisition

(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

Equinor Acquires Equity Interest in Five North Sea Discoveries

(IN BRIEF) Equinor has agreed to acquire an equity interest in five discoveries in the North Sea on the Norwegian continental shelf from Wellesley Petroleum. The discoveries are located in the Troll, Fram, and Kvitebjørn area, where Equinor has made … Read the full press release

Equinor Adds to its North Sea Portfolio with Røver Sør Discovery

(IN BRIEF) Equinor, a Norwegian energy company, has made another oil and gas discovery, named Røver Sør, close to its Troll field in the North Sea. The size of the discovery is estimated to be between 17 and 47 million … Read the full press release

Shell Simplifies Organizational Structure to Improve Performance

(IN BRIEF) Shell is reducing its Executive Committee (EC) from nine to seven members to simplify its organization and improve performance. On July 1, 2023, the Integrated Gas and Upstream businesses will be combined to form a new Integrated Gas … Read the full press release

TotalEnergies EP Canada strengthens position in Canadian oil sands with new acquisition

(IN BRIEF) TotalEnergies EP Canada Ltd, a subsidiary of TotalEnergies, has announced that it has acquired an additional 6.65% interest in the Fort Hills Energy Limited Partnership, and associated sales and logistics agreements, from Teck Resources Limited, for a consideration … Read the full press release

TotalEnergies ramps up gas production in Oman, inks LNG deal for European and Asian markets

(PRESS RELEASE) PARIS, 20-Jan-2023 — /EuropaWire/ — TotalEnergies (EPA:TTE), a global multi-energy company with over 100,000 employees and presence in more than 130 countries as well as the world’s 3rd-largest low-carbon LNG company, is rolling out its integrated gas strategy … Read the full press release

Equinor: the Verdande development in the Norwegian Sea will help meet the energy demanded by European customers

(PRESS RELEASE) STAVANGER, 6-Dec-2022 — /EuropaWire/ — Equinor ASA (OSE:EQNR, NYSE:EQNR), an oil, gas, wind and solar energy company active in more than 30 markets globally, has announced the submission of the the plan for development and operation (PDO) for … Read the full press release

Equinor announced first electricity generated from the floating wind farm Hywind Tampen in the North Sea

(PRESS RELEASE) STAVANGER, 14-Nov-2022 — /EuropaWire/ — Equinor ASA (OSE:EQNR, NYSE:EQNR), an oil, gas, wind and solar energy company active in more than 30 markets globally, has announced the first electricity generated from the floating wind farm Hywind Tampen in … Read the full press release

Alfa Laval to participate in the world’s first project aimed at on-board capture, storage and off-loading of carbon dioxide (CO2) with technological and engineering expertise

(PRESS RELEASE) LUND, 5-Oct-2022 — /EuropaWire/ — Alfa Laval, a world leader in heat transfer, centrifugal separation and fluid handling, has announced it will provide project technological and engineering expertise to the world´s first project aimed at on-board capture, storage … Read the full press release

Neste Engineering Solutions Oy (NES) merger into Neste Corporation to be completed on 1 October 2022

The reorganization affects only the Finnish operations (PRESS RELEASE) ESPOO, 30-Sep-2022 — /EuropaWire/ — Neste (HEL: NESTE), the world’s leading provider of renewable diesel and sustainable aviation fuel and the 4th most sustainable company in the world, has announced that … Read the full press release

Wood’s subsea and pipeline engineering team in Norway to provide detailed design of subsea pipelines for Halten Øst project of Equinor

(PRESS RELEASE) ABERDEEN, 30-Aug-2022 — /EuropaWire/ — Wood PLC, one of the world’s leading consulting and engineering companies operating across Energy and the Built Environment, has announced that its pipeline engineering team in Norway will provide detailed design of subsea … Read the full press release

Das Unterwasser- und Pipeline-Engineering-Team von Wood in Norwegen liefert den detaillierten Entwurf der Unterwasser-Pipelines für das Halten Øst-Projekt von Equinor

(PRESSEMITTEILUNG) ABERDEEN, 30-Aug-2022 — /EuropaWire/ — Wood PLC, eines der weltweit führenden Beratungs- und Ingenieurunternehmen, das in den Bereichen Energie und the Built Environment, hat bekannt gegeben, dass sein Pipeline-Engineering-Team in Norwegen die detaillierte Planung von Unterwasserpipelines für das Halten … Read the full press release

Azule Energy, the newly established 50/50 independent joint venture of Eni and bp in Angola, now operational

Formation of joint venture, owned 50:50 by bp and Eni, complete Combines both companies’ Angolan upstream, LNG and solar businesses (PRESS RELEASE) LONDON, 2-Aug-2022 — /EuropaWire/ — Eni (BIT: ENI), an Italian multinational energy company with focus on innovation, efficiency … Read the full press release

Azule Energy, la nouvelle coentreprise indépendante 50/50 d’Eni et bp en Angola, est désormais opérationnelle

Formation d’une joint-venture, détenue à 50/50 par bp et Eni, achevée Combine les activités angolaises en amont, GNL et solaire des deux sociétés (COMMUNIQUÉ DE PRESSE) LONDON, 2-Aug-2022 — /EuropaWire/ — Eni (BIT : ENI), une multinationale énergétique italienne axée sur … Read the full press release

TotalEnergies signs new contract for the Berkine asset in Eastern Algeria with Sonatrach, Occidental and Eni

(PRESS RELEASE) PARIS, 19-Jul-2022 — /EuropaWire/ — TotalEnergies (EPA:TTE), a global multi-energy company with over 100,000 employees and presence in more than 130 countries, has announced a new contract for the Berkine asset in Eastern Algeria with Sonatrach, Occidental and … Read the full press release

TotalEnergies unterzeichnet mit Sonatrach, Occidental und Eni einen neuen Vertrag für die Berkine-Anlage in Ostalgerien

(PRESSEMITTEILUNG) PARIS, 19-Jul-2022 — /EuropaWire/ — TotalEnergies (EPA:TTE), ein globales Multi-Energieunternehmen mit über 100.000 Mitarbeitern und Präsenz in mehr als 130 Ländern, hat einen neuen Vertrag mit Sonatrach, Occidental und Eni für das Berkine-Projekt in Ostalgerien bekannt gegeben. Die neue … Read the full press release

Energy and marine consultancy ABL Group strengthens its energy transition offerings with the acquisition of Add Energy, a Norway based energy and engineering consultancy firm

(PRESS RELEASE) LONDON, 11-Jul-2022 — /EuropaWire/ — ABL Group (OSE: ABL Group ASA – ticker code “ABL”), a leading independent global energy and marine consultancy, working in energy and oceans to de-risk and drive the energy transition, has announced the … Read the full press release

Das Energie- und Meeresberatungsunternehmen ABL Group stärkt sein Energiewendeangebot mit der Übernahme von Add Energy, einem in Norwegen ansässigen Energie- und Ingenieurberatungsunternehmen

(PRESSEMITTEILUNG) LONDON, 11-Jul-2022 — /EuropaWire/ — ABL Group (OSE: ABL Group ASA – Tickercode „ABL“), ein führendes unabhängiges globales Energie- und Meeresberatungsunternehmen, das in den Bereichen Energie und Ozeane, um Risiken zu verringern und die Energiewende voranzutreiben, hat die Übernahme … Read the full press release

Wood PLC to oversee the first decommissioning phase of the Northern Endeavour Floating Production Storage and Offtake facility in the Timor Sea as part of a contract with the Australian Government

(PRESS RELEASE) LONDON, 5-Jul-2022 — /EuropaWire/ — Wood PLC, one of the world’s leading consulting and engineering companies operating across Energy and the Built Environment, has announced the firm has been tasked  in the role of Owner’s Team to oversee … Read the full press release

Wood PLC supervisera la première phase de démantèlement de l’installation flottante de production, de stockage et de prélèvement de Northern Endeavour dans la mer de Timor dans le cadre d’un contrat avec le gouvernement australien

(COMMUNIQUÉ DE PRESSE) LONDON, 5-Jul-2022 — /EuropaWire/ — Wood PLC, l’une des principales sociétés de conseil et d’ingénierie au monde opérant dans les domaines de l’énergie et the Built Environment, a annoncé que le cabinet a été chargé  dans le … Read the full press release

Equinor announces new oil and gas discovery in Skavl Stø, Barents Sea

(PRESS RELEASE) STAVANGER, 9-Jun-2022 — /EuropaWire/ — Equinor ASA (OSE:EQNR, NYSE:EQNR), an oil, gas, wind and solar energy company active in more than 30 markets globally, has announced a new discovery of oil and gas in Skavl Stø, exploration well … Read the full press release

Equinor gibt neue Öl- und Gasentdeckung in Skavl Stø in der Barentssee bekannt

(PRESSEMITTEILUNG) STAVANGER, 9-Jun-2022 — /EuropaWire/ — Equinor ASA (OSE:EQNR, NYSE:EQNR), ein Öl-, Gas-, Wind- und Solarenergieunternehmen, das in mehr als 30 Märkten weltweit tätig ist , hat eine neue Entdeckung von Öl und Gas in Skavl Stø, Explorationsbohrung 7220/8-3, bekannt … Read the full press release

TotalEnergies announces significant discovery of light oil with associated gas in block 2913B in deep offshore Namibia

(PRESS RELEASE) PARIS, 24-Feb-2022 — /EuropaWire/ — TotalEnergies (EPA:TTE), one of the seven “supermajor” oil companies, has announced a significant discovery of light oil with associated gas has been made on the Venus prospect, located in block 2913B in the … Read the full press release

TotalEnergies to divest its holdings in Angola Block 14 B.V.

(PRESS RELEASE) PARIS, 17-Jan-2022 — /EuropaWire/ — TotalEnergies (EPA: TTE), one of the seven “supermajor” oil companies, has announced the divestment of its holdings in Angola Block 14 B.V., held nearly equally with Inpex Angola Block 14 Ltd. The buyer … Read the full press release

Equinor revised the Mariner field recoverable reserves estimate from 275 mmbbl to about 180 mmbbl

(PRESS RELEASE) STAVANGER, 12-Jan-2022 — /EuropaWire/ — Equinor ASA (OSE:EQNR, NYSE:EQNR), an oil, gas, wind and solar energy company active in more than 30 markets globally, has announced it had to revise the estimate of the total recoverable reserves in … Read the full press release