Plexus banking on higher revenues in second half on back of Spirit deal
Bosses at Plexus said today they were projecting higher revenues in the second half of the wellhead technology firm’s financial year on the back of a deal with Spirit Energy.
Gazprom
Severstal balances domestic demand with international option
Russia will remain the heart of Severstal’s focus for the near term, but uncertainty around the timing of a contract with Gazprom has encouraged international growth.
Plexus looks to ‘signs of recovery’ despite revenues taking a nosedive
Plexus Holdings has given an optimistic outlook, hailing “real” signs of recovery, despite year-on-year revenues taking a nosedive due to Covid.
Wintershall, NOC finally complete Sarir shift
Libya has launched Sarir Oil Operations as a joint operating company to operate Contract Areas 91 and 107, previously held by Wintershall.
Wintershall Noordzee develops third Sillimanite well
Netherlands-based Wintershall Noordzee has completed the third development well at the Sillimanite field in the southern North Sea.
Oil project approvals to recover and exceed pre-Covid levels from 2022
The Covid-19 pandemic has devastated global oil and gas project sanctioning this year and will cause total committed spending to drop to around $53 billion from 2019’s $190 billion, Rystad Energy says.
Upbeat boss says Nucore ‘still has plenty on the go’
An Aberdeen-based engineering group is eyeing a boost from Russia’s Far East after Covid-19 left it “scrimping and saving”, its boss said.
Wintershall Noordzee overcomes Covid to tap new southern North Sea well
Russo-German firm Wintershall Noordzee has overcome Covid-19 to start production from a second well at the Sillimanite gas field in the southern North Sea.
NOCs to slash over a quarter of exploration budgets on average in 2020
National oil companies (NOCs) globally are estimated to cut exploration budgets by over a quarter on average in 2020, says Wood Mackenzie.
Wintershall Dea hits first gas at UK-Dutch North Sea field
Wintershall Dea has achieved first gas at the Sillimanite field, a development stretching across the UK and Dutch sectors of the North Sea.
ExxonMobil labelled ‘explorer of the year’ as global discoveries reach four-year high
Exxon Mobil led the way with new finds off the coasts of Guyana and Cyprus as global oil and gas discoveries in 2019 hit a four-year high, according to a new report.
Russia Readies New Gas Link to Europe in Defiance of US
Russia officially opened its TurkStream natural gas pipeline on Wednesday, further diversifying export routes to Europe amid a backlash from the U.S.
Russia and Ukraine reach agreement on gas transit to Europe
Russia and Ukraine have agreed to continue sending gas through Ukraine to Europe for five years.
Wintershall reaches Libya deal
Wintershall’s local subsidiary has signed two exploration and production-sharing agreements (EPSAs) with Libya’s National Oil Corp. (NOC) after compromising on licence terms.
Russia Opening Giant Gas Link to China as Putin Pivots East
The world’s biggest natural gas exporter and one of the globe’s top consumers of the fuel cement their energy co-operation on Monday with the launch of Russia’s giant Power of Siberia pipeline to northern China.
Domestic demands and Aramco’s IPO
Saudi Arabia is pushing ahead with the much-watched IPO of the mainstay of its economy, Aramco, although with somewhat diminished aspirations.
Plexus narrows losses as ‘reset and rebuild’ plan shows promise, but shares sink 12%
Losses narrowed at Plexus Holdings in 2018-19 as the oil-well-technology firm’s “rebuild and reset” plan showed promising signs.
Russia meets Africa at Sochi
A number of African states are in the process of visiting Sochi, largely in the hope of signing deals for new investment.
Petrofac hails start of gas injection for TurkStream project
Energy services firm Petrofac has hailed the start of gas injection for a giant project to deliver energy from Russia to Turkey.
KOGAS signs up US LNG supplies from BP
South Korea has struck a 15-year deal with BP for LNG supplies, covering 1.58 million tonnes per year.
Stats eyes multi-million pound Russian deal on back of Sakhalin pact
A north-east technology firm has entered into a pact expected to lead to the award of a multi-million pound deal for pipeline work in Russia’s Far East.
Plexus Holdings narrows losses to £2.3million
Depreciation costs, corporation tax and discontinued operations have led to heavy losses for Aberdeen-based Plexus Holdings.
Plexus partner seals Gazprom drilling deal
Aberdeen-based oil well technology firm Plexus Holdings said today that its Russian licensee had clinched its first major contract to supply gas exploration equipment to Gazprom.
Russia looks to hydrogen as way to make gas greener for Europe
Russia is looking at how to develop a market for hydrogen in Europe, a move that would help maintain demand for one of its primary exports as governments everywhere work to cut pollution.
Gazprom buys well abandonment systems from Aberdeen firm
Aberdeen oilfield technology firm Plexus has sold two sets of well abandonment equipment to its Russian partner for the construction of shallow water exploration gas wells on the Kara Sea Shelf.