Competence vs complacency: why assuring ongoing technical competence is safety-critical
“I’ve been working on the tools for decades, why should I have my competence checked.”
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Opinion: Is the oil and gas sector becoming more attractive to private equity investors?
A 2020 study by McKinsey stated, ‘The oil and gas industry accounts for 42% of global emissions…in addition, it produces the fuels that create another 33% of global emissions.’
Repsol warns it may cut Spanish investments on tax concerns
Oil producer Repsol signaled that it could cut investments in Spain if the government goes ahead with new regulatory and tax changes.
Global Underwater Hub report finds supply chain capability high, lack of project visibility threatening confidence
A report by the Global Underwater Hub (GUH) released today has emphasised the strength of the UK supply chain but warns a continuing lack of project surety is impeding necessary investment.
Hong Kong ship named for damage to Balticconnector
The police statement said they had attempted to contact the Newnew Polar Bear, but the ship was not willing to co-operate.
Securing critical pipeline infrastructure: a response to recent sabotage
Instead, a combination of barriers can be employed, where each additional mitigation draws the net a little tighter in one area, making it harder for the perpetrator to get through the armour.
Northern Drilling shares sink as it seeks Hanwha appeal
On news of the September ruling, Northern Drilling’s share price fell from 2.32 euro ($2.45) to 0.3 euro ($0.31). The company’s decision to appeal against the ruling triggered a further fall, to 0.13 euro ($0.14). It is down 94% on the month.
Technip Energies risked sanctions breaches on Arctic LNG 2
"It was done in co-operation with the customer because we couldn't just walk out and slam the door: We'd have lost a lot of money," a company executive told the newspaper, speaking anonymously.
Greta Thunberg returns to protests at JP Morgan, Barclays
Greta Thunberg, who was arrested on Tuesday outside the Energy Intelligence Forum, participated in the blockade of JP Morgan this morning.
Germany, UK see no return to former energy ties with Russia
Even if Russia ended its war in Ukraine and there was regime change in Moscow, the trading relationship between Europe and its former top energy provider wouldn’t be restored, according to German and British officials.
Aberdeen’s Centurion Group revenue soars to record £550m
Revenue at Aberdeen-based energy services firm Centurion Group more than doubled to almost £550 million last year.
Banks told to review clients amid historic ESG crackdown in EU
Banks in Europe will need to adjust the risk assessments they conduct of their clients to reflect new ESG requirements enforced by their watchdog.
Baltics beef up infrastructure defense after suspected pipeline sabotage
Power grid operators around the Baltic Sea are beefing up protection of subsea cables and other critical infrastructure after the suspected sabotage on a gas link between Finland and Estonia last weekend.
Sabotage fears raised for damaged Finland-Estonia gas pipeline
“It is likely that both the gas pipe and the damage to the communication cable is the result of external activity,” he said in a statement.
KCA Deutag unit extends BP work in Azerbaijan
Turan general director Ed Wheler said winning the extension was a “testament to our dedication to delivering customer centric solutions”.
Azeri plan to double gas exports to EU at risk as talks stall
Azerbaijan may not be able to deliver on ambitions to double natural gas exports to Europe by 2027, having failed to secure long-term sales deals it needs before investing billions of dollars to boost production, according to two people with knowledge of the matter.
Germany seeks to lock In LNG supply to avoid trader diversions
Germany wants to lock in contracts for liquefied natural gas with a delivery obligation, an effort to deter profit-chasing traders from diverting shipments elsewhere as the nation boosts its commitment to the fuel.
Shell suffers unit outage at Europe’s biggest refinery
Shell (LON:SHEL) has been forced to halt a unit at Europe’s biggest oil refinery, potentially curbing supply of diesel in a tight market.
AF Gruppen secures decom contract for North Sea platform
Norwegian company AF Gruppen (AFG) has secured a key decommissioning contract for a North Sea platform.
Greenpeace graffities French FSRU at sea
One of the major reasons flagged by Greenpeace France for its action was the accusation that the FSRU would receive LNG cargoes from the US.
Equinor’s Johan Castberg sees cost surge by nearly £1bn
Meanwhile Var Energi, a partner on Johan Castberg, has also seen costs surge on its Balder X project.
‘Financially untenable’: Drilling body warns renewables at risk amid North Sea rig exodus
A North Sea drilling industry body has warned the viability of UK renewables projects is at risk unless the UK government changes its policy towards windfall taxes and day rates.
Halliburton equipment imported to Russia despite sanctions
Russia imported millions of pounds of Halliburton equipment last year despite sanctions, according to a report by The Guardian.
Video: Ukraine special forces reclaim offshore Boika Towers
“The platforms command valuable hydrocarbon resources. However, like Snake Island to the west, they can also be used as forward deployment bases, helicopter landing sites, and to position long-range missile systems,” the MoD said.
McDermott kicks off major financial restructuring
Oil and gas contractor McDermott has started a restructuring package amid concerns over its financial health.
Saipem wins Eni, Snam work worth $911mn
In Cote d’Ivoire, the service company has won a subsea umbilicals, risers and flowlines (SURF) contract for Baleine Phase 2. Eni began producing at this field in August.
