Ørsted appoints Mads Nipper as new chief executive
Danish developer Ørsted has announced Mads Nipper as its next chief executive and group president, effective from the beginning of next year.
Europe
BGS Online: Revolutionary approach in the event industry
Extraordinary times call for extraordinary solutions. In response to the travel constraints in Europe, BGS Group, the organizer of PRC Europe 2020, has announced the launch of a new virtual platform - BGS online.
Axens wins refinery work from Nigeria’s Bua
Axens has won work to act as the technology provider for a greenfield 200,000 barrel per day refinery and petrochemical plant in Nigeria.
Germany to push Greece and Turkey to resume talks on energy clash
German Foreign Minister Heiko Maas urged Greece and Turkey to restart talks over their competing claims to economic sovereignty in contested waters of the eastern Mediterranean as he visits the NATO allies on Tuesday.
Hydrogen Triple Alliance formed to speed up use of green fuel in Europe
Three green hydrogen projects have teamed up to try and overcome issues around connecting stakeholders, end users, policymakers and communities.
Virus era threatens Europe’s war on dirty imports
Europe’s plan to put a price on dirtier imports risks getting caught up in global trade tensions as the fallout from the coronavirus pandemic eclipses climate change as the biggest challenge for governments.
Turkey confronts EU with new energy survey off Cyprus
Turkey has dispatched a drilling ship to an area off the southwestern coast of Cyprus, in a move that could fuel territorial disputes with EU member states in the eastern Mediterranean.
Greece welcomes French intervention in Eastern Mediterranean
Greece's prime minister has warmly thanked France for boosting its military presence in the eastern Mediterranean.
Joint venture between Petrofac and SOCAR secures £77m contract with BP Azerbaijan
A joint venture between UK-headquarterd energy services firm Petrofac and Azerbaijan’s state oil company has secured a £77 million contract with BP Azerbaijan.
Mauritius struggles to contain oil spill
Mauritius has declared a state of emergency in response to a worsening oil spill offshore and is seeking international assistance.
Turkey resumes East Med exploration
Turkey has issued a new navigational warning – navtex – on waters also claimed by Greece.
Egypt, Greece deal riles Turkey in East Med
Egypt and Greece have signed an agreement on how to divide territorial waters, a move swiftly condemned by Turkey.
Sonatrach signs MoUs with OMV, Cepsa
Algeria’s Sonatrach has continued its habit of signing memorandums of understanding (MoUs), adding OMV and Cepsa to its list.
Saipem to downsize investment plans after losses of £644m
Saipem has confirmed it will “considerably” downsize its investment plans after posting pre-tax and interest losses of £644 million for the first half of this year.
UK to review fossil fuel lending
The UK government is reconsidering its support for financing foreign oil and gas projects, following UK Export Finance’s (UKEF) commitment to the Total-led Mozambique LNG project.
Total agrees deal to sell Lindsey refinery
Total has signed an agreement to sell the Lindsey refinery to independent British conglomerate Prax Group.
Eni looking to find buyer for Norway, Congo assets
Eni SpA is looking to sell assets in Norway and the Republic of Congo as oil’s slump prompts companies across the industry to rein in spending, according to people with knowledge of the matter.
EU approves biggest green stimulus in history with $572bn plan
European governments approved the most ambitious climate change plan to date, agreeing to pour more than 500 billion euros ($572 billion) into everything from electric cars to renewable energy and agriculture.
Judge dismisses Meta Energia application to set aside ruling ordering it to pay Shell almost £18m
An appeal by Meta Energia to roll back a court’s decision to award an arbitration to Shell has been dismissed.
Neptune joins European clean hydrogen alliance
Neptune Energy has joined the European Clean Hydrogen Alliance, supporting the development of the EU’s hydrogen strategy.
No more FPSO orders in 2020
No more floating production, storage and offloading (FPSO) vessels will be ordered this year, Rystad Energy has predicted.
Oil crisis shows Norway remains a crude addict
Norway has been talking for years about weaning itself off oil, but the Covid-19 crisis has revealed how far it has left to go.
Sonatrach completes Medgaz acquisition
Sonatrach has increased its stake in the Medgaz pipeline to 51%, following the completion of a deal with Spain’s Cepsa.
Europe pledges green recovery with historic stimulus programme
The European Union proposed making its climate-neutrality strategy a key pillar of a 750 billion-euro ($824 billion) recovery plan in a bid to boost economic growth and create new jobs.
Record spending cuts this year, IEA warns
The coronavirus pandemic has triggered the “largest drop in global energy investment in history”, the International Energy Agency (IEA) has said, launching its World Energy Investment 2020 report.