Turkey boosts Tuna gas find
Turkey has increased the amount of gas it believes to lie in the Tuna discovery by 85 billion cubic metres.
Europe
$20 per barrel for project approvals, Pouyanné states
Total remains committed to developing hydrocarbon resources, but the cost must be sufficiently low to survive in a world of lower prices, the company’s chairman and CEO Patrick Pouyanné has said.
BP backs robot BOSS
Blue Ocean Seismic Services (BOSS) has won £10 million of backing from a range of companies including BP Ventures, Woodside Energy and Blue Ocean Monitoring.
Naturgy, Sonatrach tweak gas sales agreement
Senior Sonatrach executives have held a meeting with Naturgy to review gas agreements.
Rovop reports strong trading and improved outlook for 2020-21
Subsea service firm Rovop said yesterday it was well-positioned, despite challenging trading conditions, to invest in and secure future growth as the market recovers.
Gas faces narrower, shorter bridging role
Natural gas demand fell only 3% in 2020 as a result of COVID-19 but its future is looking bleaker, a new report from S&P Global has warned.
Sweden’s government dodges Green split after oil plans shelved
One of the Nordic region’s biggest oil refineries has halted an expansion that threatened to break up Sweden’s governing coalition, comprising the Social Democrats and the Green Party.
Total to replace refinery with clean-fuel, plastic plants
Total SE will halt oil refining in the Paris region and spend more than 500 million euros ($582 million) by 2024 replacing its facility with renewable-fuel and bioplastic plants.
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.
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.