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
Shell to withdraw from all involvement in Russian oil and gas
Shell has announced its intent to withdraw from all involvement in oil and gas from Russia, including trading of hydrocarbons and closing a range of service businesses.
Energy reality bites as Ukraine crisis unfolds
The madness in Ukraine has dramatically fast-forwarded issues that were already in the making. Soaring energy prices, over-reliance on imported gas, storage which is essential to facilitate the growth of renewables … the list goes on and on.
Russia threatens to cut natural gas flows to Europe via Nord Stream 1
Russia threatened to cut natural gas supplies to Europe via the Nord Stream 1 pipeline as part of its response to sanctions imposed over the invasion of Ukraine, a move that could heighten the turmoil in energy markets and drive consumer prices even higher.
VIDEO: Greenpeace confronts tanker of Russian gas diverted by UK workers
Greenpeace has released video of it confronting a tanker containing Russian gas which was turned away by UK dockworkers last week.
Cheniere, Venture Global prep for more LNG
As European gas prices hit new record highs, US LNG producers are swinging into action on future supply.
Boris Johnson wants ‘climate pass’ for gas industry to wean West off Russian supply
Boris Johnson wants a “climate change pass” for the gas industry to wean western countries off supplies from Russia.
Duguid and Buchan launch new oilfield equipment player RenQuip
A new equipment firm, which will “bridge the gap” between oil and gas and renewables, has been launched with the backing of a pair of Aberdeen serial entrepreneurs.
Oilfield tech firm Plexus to take £650K hit as it ‘suspends activities’ in Russia
Aberdeen-headquartered Plexus Holdings has announced it will “suspend activities” with its partner in Russia in light of the war in Ukraine.
Kwarteng: UK aims to ‘drive down’ amount of gas being taken from Russia
Even the “tiny fraction” of gas that the UK takes from Russia is “too much”, business secretary Kwasi Kwarteng has said.
Shell pledges Russian oil profits to Ukraine needs
Shell will continue buying Russian energy, but will donate the profits to a fund for Ukraine.
BP contributes £15m to support humanitarian efforts in Ukraine
BP (LON: BP) has made good on its pledge to support the relief efforts in Ukraine following the invasion by Russia.
German import terminals target short-term LNG, long-term green hydrogen
Tree Energy Solutions (TES) is accelerating its plans to develop a “green gas” import hub in the German port of Wilhelmshaven.
Firefighters battle huge blaze at Ukrainian oil depot
Shocking videos have emerged online of Ukrainian emergency services battling a huge blaze at an oil depot.
France seizes head of Rosneft’s yacht
French customs agents have seized the Amore Vero yacht, belonging to Rosneft CEO Igor Sechin.
Technip Energies: $4.2 billion of Russia backlog impacted by Ukraine crisis
Technip Energies (EPA: TE) has said $4.2 billion of its backlog is linked to projects in Russia, which will be impacted by the crisis in Ukraine.
‘I hope the bravery of the Ukrainian people will encourage action’
A Ukrainian energy expert living in Aberdeen hopes the bravery displayed by her countrymen will lead to further action against Russia, including UK sanctions on its fossil fuels.
Trafigura, Glencore review Rosneft holdings
Trafigura is “reviewing” its shareholding in Vostok Oil, while Glencore is also considering its stakes in En+ and Rosneft, in response to the war in Ukraine.
‘Toothless, useless’: TotalEnergies slammed by former Shell Ukraine boss
The former deputy country chair of Shell Ukraine has hit out at TotalEnergies over its “toothless, useless and highly disappointing" position on Russia's invasion.
China among the leading contenders to snap up BP’s stake in oil company Rosneft
There is general consensus amongst analysts that oil giant BP will face an uphill struggle to find a buyer for its stake in Rosneft.
OMV steps back from Russian plans, while Wintershall considers options
OMV will not go ahead with its purchase of a stake in Gazprom’s Urengoy gas and condensate field. It is also “reviewing” its involvement in Nord Stream 2.
TotalEnergies pulls capital for ‘new projects’ in Russia
TotalEnergies has said it condemns Russia for its “military aggression against Ukraine” and will not provide capital for new projects in Russia.
Shell announces plan to divest from Russia partnerships
Oil and gas giant Shell has become the latest company to divest from Russia following the country’s invasion of the Ukraine.
Russia owned tanker in Orkney would ‘dishonour’ Isles’ war dead
The MP for Orkney and Shetland has said allowing a Russia state-owned oil tanker to operate in Scapa Flow would “dishonour” the Isles’ war dead and their fight against fascism.
Equinor follows BP in exiting ‘untenable’ Russia joint ventures
Norwegian oil giant Equinor has followed BP in announcing that it will start exiting its joint venture businesses in Russia.
Germany backs new LNG plants to cut Russian gas dependence
Germany pledged new support for liquefied natural gas (LNG) terminals, the latest sign it’s willing to retool its energy policy in the wake of Russia’s invasion of Ukraine.