Cost of subsea tie-backs to surge £4.8billion in global market leader Norway
The world’s top market for subsea tie-backs will take an inflation-driven cost increase of £4.8billion on upcoming contract awards through to 2026.
Europe
Neptune Energy boosts Adorf production in Germany
Neptune Energy has kicked off production from its Adorf Z16 well in Germany.
Novatek goes green at Vysotsk LNG facility
Russian gas independent Novatek has struck a deal to secure renewable energy supplies for its Cryogas-Vysotsk LNG plant.
Film-Ocean breaks ground on new site in Ellon
Construction workers have broken ground on new purpose-built facilities in Ellon, Aberdeenshire, for subsea contractor Film-Ocean.
Seven out of 10 Scots worried about energy price hikes
Seven out of 10 Scots are worried about rising energy costs, research has found.
European gas crises driving a ‘great deal’ of interest in UK storage scheme
Signs are beginning to emerge that the energy crisis that has plagued much of Europe in 2021 may be more than a blip.
European gas posts longest declining streak in more than a year
European natural gas extended its declining streak to the longest in more than a year as shipments from the U.S. look set to ease the region’s energy crunch.
SFO under fire over disclosure as Unaoil conviction crumbles
The Serious Fraud Office (SFO) saw one of its Unaoil convictions thrown out earlier this month and appeals for a second are moving ahead.
AkerBP makes £10.5bn merger move on Lundin
AkerBP has set out a plan to buy Lundin Energy’s E&P business, which it will pay for in a combination of cash and shares.
Equinor opts for Sevan FPSO concept for Wisting
Sevan SSP has announced that its concept has been chosen for the Equinor-operated Wisting field in the Barents Sea.
CHC lands contract for Capricorn Diadem drilling campaign
Helicopter operator CHC has landed a contract to transport workers for the Capricorn Energy (formerly Cairn Energy) Diadem drilling campaign in the North Sea.
European energy prices soar as a deep freeze arrives
Europe is bracing for energy shortages as freezing weather sets in, boosting demand and sending prices surging with no relief in sight.
Aker Solutions and AF Gruppen terminate decom merger
Aker Solutions and AF Gruppen have terminated a proposed merger of their decommissioning operations in a major deal announced earlier this year.
EU leaders fail to agree on energy amid carbon price dispute
European Union leaders failed to reach a deal on how to react to the unprecedented gas crisis that sent energy prices to record levels after Poland and the Czech Republic demanded stronger action to cap the costs of pollution.
BP, SOCAR target Petronas’ stake in Shah Deniz
BP and Azerbaijan’s state-owned SOCAR have pre-empted a sale of equity in the Shah Deniz field to Russia’s Lukoil.
Aker Solutions wins FEED work for Valhall and King Lear
Aker Solutions has been awarded front-end engineering and design (FEED) work on the Valhall field and King Lear discovery in Norway.
Exxon wins Cyprus block ahead of drill plan
Cyprus has awarded Block 5 in the island’s offshore to ExxonMobil and QatarEnergy (QE), as drill plans for Block 10 move ahead.
Neptune picks Maersk for Juliet subsea decommissioning
Neptune Energy has awarded Maersk Supply Service (MSS) a contract for subsea decommissioning at its Juliet field in the southern North Sea.
European gas prices risk demand destruction, Serinus CEO warns
When a gas company thinks the price is too high, it does suggest that something has gone awry in the market, but that is exactly what Serinus Energy’s CEO has been saying.
Craig International nets new orders worth more than £5m
Offshore procurement specialist Craig International, of Aberdeen, is to deliver two new contracts worth a total of more than £5 million through its fledgling Ecobuy service.
Dutch divorce: how Shell split with Netherlands after 114 years
A twenty-minute stroll through The Hague -- The Netherlands’ pretty but low-key capital city -- takes you from the prime minister’s office to the workplace of someone who’s arguably even more powerful: the CEO of Royal Dutch Shell Plc.
GIIGNL aims for clarity in the murky world of carbon neutral LNG
GIIGNL has launched what it calls a comprehensive framework to provide carbon emission data from LNG cargoes.
Nord Stream 2 delays send European natural gas price soaring
Russia’s controversial Nord Stream 2 pipeline faces another delay after Germany suspended a key step in the approval process, sending European gas prices surging as much as 12%.
Lack of drive to mark Aberdeen’s ‘rich heritage’ makes oil rig tourist attraction unlikely
Hopes that Aberdeen could soon be home to an oil rig tourist attraction are unlikely to come to being in the near term, a local campaigner has claimed.
Gunvor denies rumours of collapse on gas trades gone wrong
Margin calls stemming from the gas market have not pushed Gunvor to the brink, the trader said.