Energy News


Veslefrikk B Platform Arrives to M.A.R.S Yard for Recycling

Sep 02, 2022

Modern American Recycling Services Europe (M.A.R.S.) said Friday that Equinor's Veslefrikk B platform had arrived in the Port of Frederikshavn, where it will be recycled.The Veslefrikk B arrived at the M.A.R.S quayside on Wednesday, August 31…

Namibia Sees TotalEnergies and Shell Oil Projects Starting Production in 4 years

Sep 02, 2022

Oil discoveries by TotalEnergies and Shell off the coast of Namibia could start production in four years, Namibia Energy Minister Tom Alweendo said at a conference in Dakar on Thursday.Alweendo said Namibia had agreed with the companies that they should start production as fast as possible…

Mauritania Hopes to Agree Plan for BP's BirAllah Gas Field in 2-3 years

Sep 02, 2022

Mauritania hopes to agree a business plan for BP's BirAllah offshore gas field in two to three years' time, Energy Minister Abdessalam Ould Mohamed Saleh said at a conference in Dakar on Thursday. Speaking earlier at the same conference, BP…

Brazil's PetroRio Looks to Buy Dommo Energia in $180M Deal

Sep 02, 2022

Brazilian oil company PetroRio said on Thursday it signed a memorandum of understanding to buy Dommo Energia, formerly known as OGX Petroleo e Gas SA, in a deal valued at 942.9 million reais ($179.9 million).Once the darling of Brazil's one-time richest man Eike Batista…

PHOTO: Tyra II Process Module Sails Away from Batam

Sep 01, 2022

Oil and gas company Noreco on Thursday announced the sailaway of the new Tyra II process module (the 'TEG'), 10.15am local time, from Batam, Indonesia and bound for the TotalEnergies-operated Tyra gas field redevelopment project in the Danish North Sea…

Allseas Nets Massive Decommissioning Contract in UK North Sea

Sep 01, 2022

Offshore installation and decommissioning contractor Allseas has secured a contract with TAQA UK for the removal and disposal ofseveral Northern North Sea (NNS) facilities.Aberdeen-based TAQA manages the UK North Sea exploration and production…

Phase 2 of Senegal LNG Project Needs $5B - President

Sep 01, 2022

The second phase of Senegal's Greater Tortue Ahmeyim (GTA) gas project will need investments worth around $5 billion and could start in 2024 or 2025, Senegal's President Macky Sall said on Thursday.BP and U.S.-listed Kosmos Energy KOS.N are leading the development of GTA and Yakaar-Teranga…

Valaris Nets $149M Worth of Offshore Drilling Contracts

Sep 01, 2022

Offshore drilling company Valaris said Thursday it had secured new drilling rig contracts and contract extensions, worth $149 million in total. The contract backlog excludes lump sum payments such as mobilization fees and capital reimbursements…

Senegal Sangomar Offshore Oil Project 60% Complete

Sep 01, 2022

Senegal's Sangomar oil project is 60 percent complete, and a first barrel is expected in the second half of 2023, Woodside Executive Vice-President for International Operations Shiva McMahon said at a conference in Senegal on Thursday. Australia's…

Kazakhstan's Kashagan Oil Output to Remain Below Normal Until end-Sept

Sep 01, 2022

Output at Kazakhstan's Kashagan giant oilfield will remain below normal at least until the end of September due to maintenance following a gas leak early in August, two sources familiar with the situation told Reuters on Wednesday.Daily oil production on Kashagan stayed close to 100…

KOTUG Buys Seaways

Sep 01, 2022

Dutch marine services and towage firm KOTUG has closed the acquisition of Seaways, first announced in April. The fee was not disclosed.'The acquisition of Seaways brings together the assets, expertise and people of two leading companies that…

Final Jacket Installed at Formosa 2 Offshore Wind Project in Taiwan

Sep 01, 2022

Formosa 2 offshore wind project in Taiwan saw the final jacket foundation installed on August 26, with the subsea cable works reaching installation completion on September 1.The project, which will comprise 47 offshore wind turbines, has so far installed 27 wind turbines…

M&A: UK CMA Accepts Noble, Maersk Drilling Plan to Sell 5 Rigs to Alleviate Competition Concerns

Sep 01, 2022

The UK Competition and Markets Authority (CMA) has accepted Noble Corp. and Maersk Drilling's plan to sell certain rigs operating in the North Sea in order to alleviate competition concerns arising from the two drillers' planned merger.The two…

Gazprom CEO Says 'Sanctions confusion' Means Siemens Cannot Service Nord Stream 1 - Interfax

Sep 01, 2022

Gazprom Chief Executive Alexei Miller on Wednesday said Western sanctions mean Siemens Energy ENR1n.DE is unable to carry out regular maintenance on equipment for the Nord Stream 1 natural gas pipeline, Interfax news agency reported.Periodic replacement of some equipment…

Lukoil Chairman Dies after Falling from Hospital Window, Reuters Reports

Sep 01, 2022

Two sources say oil boss fell to his death from windowCompany says he died after serious illnessLatest in series of sudden unexplained deathsThis content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine…

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