Home Europe

Tag: Europe

Post
Norway’s Barents Sea ambitions fading as more projects disappoint

Norway’s Barents Sea ambitions fading as more projects disappoint

Norway’s vision of establishing a new major oil province off its northern tip has suffered another blow. The study found Norway ranks as the 6th most expensive country to buy a tall latte. Norway’s consulting market was expected to cross the €1 billion mark. Norway Prime Minister Erna Solberg believes Norwegian women have been strengthened...

Post
Gazprom Neft establishes digital development JV for Russian, global markets

Gazprom Neft establishes digital development JV for Russian, global markets

Gazprom Neft and ICS Holding have set up a joint venture to develop digital products for the oil and gas industry. Pursuant to the Protocol of December 20, 2019, Gazprom, Naftogaz of Ukraine, Gas Transmission System Operator of Ukraine. The Federal Agency for Mineral Resources approved the expert opinion. The development strategy for the new...

Post
IMO 2020 shipping-fuel rules face adoption, compliance and enforcement hurdles

IMO 2020 shipping-fuel rules face adoption, compliance and enforcement hurdles

Historic rules to clean up pollution in the shipping industry are two weeks from taking effect. The IMO Intersessional Working Group on Reduction of GHG Emissions from Ships agreed last week. Norway has provided an additional NOK 40 million (USD 4.3. million) to the IMO-Norway GreenVoyage-2050 project. The International Maritime Organization, part of the UN,...

Post
Exxon, Chevron targeted by climate-activist investor group

Exxon, Chevron targeted by climate-activist investor group

The Dutch activist fund that has filed shareholder resolutions pressuring major oil companies in Europe. Company announced that it has sanctioned the Anchor project in the U.S. Gulf of Mexico. Capital allocation decisions and lower price outlook expected to result in non-cash after tax charges in fourth quarter 2019. Company announced a contribution of $100,000...

Post
Repsol’s carbon-reduction pledge puts the onus on peers to follow suit

Repsol’s carbon-reduction pledge puts the onus on peers to follow suit

Repsol’s announcement this week that it will eliminate emissions from its business by 2050. The first WindFloat Atlantic unit featuring the world’s largest offshore wind turbine on a floating platform has departed for its final destination. In line with its commitment to sustainability, Repsol aims to achieve net zero emissions by 2050. It throws down...

Post
Repsol is first oil major to pledge zero emissions by 2050

Repsol is first oil major to pledge zero emissions by 2050

Repsol SA embarked on the most ambitious attempt yet by an oil major to align itself with the Paris climate goals. The first WindFloat Atlantic unit featuring the world’s largest offshore wind turbine on a floating platform. The Chairman of Repsol warns in Brussels of the risk of relocation of European industrial production. Repsol has...

Post
Equinor hopes for a dry well near Troll, for potential CO₂ storage

Equinor hopes for a dry well near Troll, for potential CO₂ storage

For the first time, an exploration well is being drilled in the North Sea where the objective is not to find oil or gas. New York State governor Andrew M. Cuomo announced Equinor’s Empire Wind. Equinor and Masdar have joined forces with ORE Catapult to share floating offshore wind data. The well is being drilled...

Post
KCA Deutag secures $460m of land drilling contracts in the Middle East, Africa and Europe

KCA Deutag secures $460m of land drilling contracts in the Middle East, Africa and Europe

Global drilling and engineering contractor KCA Deutag announced that its land drilling operation has won new contracts. RDS, KCA Deutag’s engineering and design unit, reported last Tuesday that it has won a contract. Global drilling and engineering contractor, KCA Deutag, has been awarded two services contracts with BP Exploration. It is approximately $460m in the...

Post
Aramco valuation falls short of crown prince’s $2 trillion target

Aramco valuation falls short of crown prince’s $2 trillion target

Saudi Arabia put a valuation on state-owned oil giant Aramco of between $1.6 trillion and $1.71 trillion. Saudi Aramco recently honored a number of local manufacturers distinguished for offering high-quality products. $2 trillion target sought by Crown Prince Mohammed bin Salman since he first mooted an initial public offering in 2016. Saudi Aramco is participating...

Post
Exxon’s former CEO says climate change ‘with us forever more’

Exxon’s former CEO says climate change ‘with us forever more’

Current or former leader of one of the world’s largest energy producers to testify under oath about climate change. It’s Continues status as a founding member for an additional five years. United Way of Beaumont and North Jefferson County to receive $200,000. That’s why a New York courtroom was packed on last Wednesday to see...