Aberdeen’s ASCO wins £70m contract with Aker BP in Norway
Aberdeen-headquartered ASCO has been awarded a £70 million contract by Aker BP for work across its Norwegian operations.
Europe
European Oil and Gas news
Dutch and Norwegians cashing in on wind and cable ship boom
2024 ended on a high at Concordia Damen, with the Dutch shipbuilding group reaching the roughly halfway stage in the design, build and delivery of two 550ft (167.5m) roll–on–roll–off wind turbine systems carriers for fellow Dutch company Amasus, with delivery of the first sister expected later this year (2025).
All Europe Posts
Exxon scores more gas offshore Cyprus
ExxonMobil has made a good-quality gas find at its block offshore Cyprus, on the Glaucus-2 well.
Spain aligns with Morocco, risking gas links
Spain has approved Morocco’s plans for Western Sahara, creating new lines of dispute in Madrid and driving the Algerian ambassador to be recalled.
Altus Intervention to be acquired by oilfield services giant Baker Hughes
Oilfield services giant Baker Hughes has signed a deal to acquire wells specialist Altus Intervention.
QatarEnergy readies for commercial LNG talks with Germany
QatarEnergy (QE) has held talks with German officials in preparation to begin sending LNG to the northern European country.
Boris Johnson: North Sea oil and gas in ‘national effort’ to wean UK off Russian energy
Turning off the taps to North Sea oil and gas leaves the country open to “blackmail” by Vladimir Putin, Prime Minister Boris Johnson warned.
Eni flags Africa and gas growth to tackle demand crunch
Africa will play a critical role in providing more supply for Eni’s portfolio, CEO Claudio Descalzi set out during the company’s capital markets day.
Noble execs get top billing with Maersk Drilling merger
Noble Corp. and Maersk Drilling have set out the executive team that will lead the new company, confirming Noble’s Robert Eifler as president and CEO.
Equinor granted new permits to boost European gas exports
The Norwegian energy ministry has granted Equinor permissions for an additional 2.4 billion cubic metres of production from key gas fields, as it looks to maintain higher exports to Europe through the summer.
UK exploring using coal to help keep lights on next winter
The UK held exploratory talks with Electricite de France SA about the possibility of keeping the West Burton A coal-fired power plant generating beyond the end of September, when it’s due to close.
Boris Johnson heads to Saudi Arabia as he seeks to wean West off Putin’s oil
Boris Johnson has declared Saudi Arabia and the United Arab Emirates "key international partners" in efforts to reduce dependence on Russian energy after the invasion of Ukraine.
NGOs threaten legal challenge to TotalEnergies over Russia business
Greenpeace France and Amis de la Terre have warned of legal action against TotalEnergies based on its continued activity in Russia.
RWE suggests coal as short-term saviour for Germany
RWE has flagged energy security concerns as driving the need for more green business – although raising the prospect of restarting coal power plants in the near term.
Climate group bringing law suit against Shell directors on net zero
A climate group is preparing legal action against the board of directors at Shell (LON: SHEL) for not preparing the oil giant to cut emissions fast enough.
Equinor confirms it will stop trading in Russian oil
Equinor has confirmed that it will stop trading in Russian oil as the company shuts down its operations in the country.
Roman Abramovich accused of building fortune through corrupt oil deals
Roman Abramovich is said to be suspected to be part of an organised crime group which cheated the Russian government out of a $2.7 billion oil deal.
Italy minister visits Angola, Congo in LNG security hunt
Italian Minister of Foreign Affairs Luigi di Maio has visited Angola and Congo Kinshasa in order to secure new sources of gas.
Patrick Harvie: Ukraine invasion doesn’t justify North Sea production boost
Scottish Green party co-leader Patrick Harvie has said the war in Ukraine must not be used to justify increased production of fossil fuels from the North Sea.
Shell boss says no one will be fired over Russian oil purchase
The chief executive of Shell has said no one will be fired for a controversial purchase of Russian crude oil last week and that he would take personal responsibility for it, according to people with direct knowledge of the matter.
UK delivers sanctions hit on CEOs of Rosneft and Gazprom
The UK has imposed sanctions on the chief executives of Russian energy giants Rosneft and Gazprom.
‘Six million miles away from Just Transition’: Shell CEO pay surges to 57x more than average employee
Shell CEO Ben van Beurden has taken home a whopping £6.1 million pay package following an “impressive financial performance for the oil giant”.
Shell bids big for North Sea oil a day after axing Russian crude
A day after saying it would quit buying Russian crude, Shell was bidding at high prices for barrels produced North Sea oil -- in what may give an early indication of the cost of the switch.
EU to slash Russian gas consumption in energy security move
The European Union can reduce its demand for Russian gas by two thirds before the end of 2022 and aims to eliminate this dependence entirely before 2030.
Biden to announce US Ban on Russian oil
The Biden administration will impose a ban on US imports of Russian energy on Tuesday without the participation of its European allies, according to people familiar with the matter.
Predator talks up energy security while seeking Morocco partners
Predator Oil & Gas has touted its potential impact on European energy security, as it advances LNG plans and moves into hydrogen.
TotalEnergies traders aren’t buying Russian oil, CEO Says
TotalEnergies has instructed traders not to buy any oil from Russia as pressure grows to isolate the country from world energy markets.