Oilfield services giant SLB has no plans to exit Russia
Oilfield services giant SLB (NYSE: SLB) has no plans to exit Russia, its CEO has said, two years after Moscow’s invasion of Ukraine.
Oilfield services giant SLB (NYSE: SLB) has no plans to exit Russia, its CEO has said, two years after Moscow’s invasion of Ukraine.
By Allister ThomasHibiscus Petroleum (KLSE:HIBISCS) said it continues to assess future growth opportunities in the North Sea and Southeast Asia as the Malaysian-listed company strives to double its production by 2026.
Following a string of delays, Sembcorp Marine has completed construction of the hull and living quarters for the Johan Castberg unit, which has now begun dry transport from Singapore to Norway.
Stena Drilling has secured a new contract with TotalEnergies for the Stena Spey unit, which will begin a UKCS campaign in the spring.
Europe is too reliant on Russian gas. In fact, Europe is too reliant on gas full stop but it being mainly Russian gas makes it even more problematic.
Amid the departure of Shell and the planned closure of the country’s largest gas field, producers in the Netherlands are calling for greater clarity over the future of the Dutch North Sea.
Six years ago, Equinor began a journey towards the creation of standardised docking infrastructure for subsea drones, a new class of vehicle with the potential to revolutionise robotic support in the oil & gas and maritime renewables sectors worldwide.
If the disruption to Russian gas deliveries spread beyond flows through Ukraine to include all Russian pipeline exports to Europe, liquefied natural gas (LNG) imports alone would not be able to meet the shortfall and additional supply levers would be required, the latest analysis from IHS Markit shows. Under such an extreme scenario mothballed coal and nuclear power would need to be restarted.
Japan will make sure its own energy demands are met before aiding Europe with shipments of liquefied natural gas (LNG) in the event conflict erupts over Ukraine, according to the nation’s trade minister.
The Biden administration and European allies are searching the world for surplus natural gas to send to Europe in the event conflict erupts over Ukraine, including approaching China about its supplies, according to people familiar with the matter.
The European Commission has confirmed that some gas and nuclear resources will be acceptable in the energy transition.
Saudi Aramco has bought a 7.4% stake in Norway’s Cognite, a software company.
Leslie Peterkin, chief executive of London-listed Advance Energy, will leave the company as part of a cost-cutting drive after a highly anticipated exploration well offshore East Timor failed to deliver commercial success. The company is now seeking growth through acquisitions.
Leaders from government, offshore energy, renewables, defence and aquaculture will gather in Aberdeen later this month for a much-anticipated conference.
Of all the international oil majors, BP potentially has the most to lose if the situation in Ukraine triggers a crisis between Russia and the West.
Westwood Global Energy reports that there were three exploration wells active as of 24 January. One exploration well has spudded and completed in 2022.
Gastrade has taken the final investment decision (FID) for the Alexandroupolis LNG terminal.
The North Sea is one of just a handful of regions “falling behind” as offshore oil and gas investment returns to pre-pandemic levels around the world.
How hard will energy-starved Europe be hit by a potential Russian invasion of Ukraine? It depends on how President Joe Biden reacts.
An initial public offering (IPO) is to be launched for Norwegian operator Var Energi, ownership partners Eni and HitecVision have announced.
European natural gas slumped as a top LNG importer in China prepares to flood the market with fuel that could further ease supply concerns in the continent.
BP and Rosneft were the only companies to deliver more than a billion net barrels of oil equivalent through exploration last year, according to new research.
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.
Neptune Energy has kicked off production from its Adorf Z16 well in Germany.
Russian gas independent Novatek has struck a deal to secure renewable energy supplies for its Cryogas-Vysotsk LNG plant.
Construction workers have broken ground on new purpose-built facilities in Ellon, Aberdeenshire, for subsea contractor Film-Ocean.