Exploration activity offshore Norway has been reduced and the Norwegian Petroleum Directorate has revealed that 10 wildcat wells previously planned for this year will be delayed due to the coronavirus crisis and the sharp decline in oil price. According to the Norwegian Petroleum Directorate’s report on Wednesday, exploration activity on
Norwegian Ministry of Petroleum and Industry has approved the plans for development and operation of the Hywind Tampen project, which will make the Snorre and Gullfaks platforms the world’s first oil & gas platforms to be powered by a floating offshore wind farm. Equinor and its Snorre and Gullfaks partners
French LNG terminal operator Elengy said its unit, Fosmax LNG has launched a call for capacity subscriptions at the Fos Cavaou LNG terminal. The call was initiated in response to market signals collected in recent months and provides additional capacity ba technical debottlenecking, Elengy said in its statement. The volumes offered
After halting all operations due to the coronavirus pandemic, tourism group TUI AG has signed a state aid bridging loan of EUR 1.8 billion with German state-owned development bank KfW. The loan has been approved by the German Federal Government on 27 March as part of the COVID-19 state support
Image Credit: ABB Technology firm ABB has signed a Memorandum of Understanding (MOU) with Hydrogène de France to jointly manufacture megawatt-scale fuel cell systems capable of powering ocean-going vessels. The MOU envisages close collaboration on the assembly and production of the fuel cell power plant for marine applications. ABB has
Qatar Petroleum has delayed the production start from its LNG export project to 2025 as it faces bidding process delays. Speaking to Reuters, Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the president and CEO of Qatar Petroleum, said the size of the project remains the same. This
zoomImage courtesy of ExxonMobil U.S. energy giant ExxonMobil has delayed its final investment decision on the Rovuma LNG project in Mozambique amidst COVID-19 effects. The company noted in its statement on Tuesday that the decision which was initially expected later this year has been delayed, although the company continues to
Image courtesy of Keppel Corporation Golar LNG received a force majeure notice from a BP unit seeking to delay taking delivery of the floating liquefied natural gas facility Gimi by a year. The floating LNG facility is destined for BP’s Greater Tortue Ahmeyim project on the maritime border of Mauritania
Image courtesy of AET Energy logistics provider AET signed an agreement with Total’s unit, Chartering and Shipping Services, for the time charter of two LNG dual-fuel VLCCs. The two newbuilds are scheduled to be delivered to AET, a unit of the Malaysian shipping giant MISC, from the first quarter of
Image courtesy of MAN Energy Solutions MAN Energy Solutions has appointed Jürgen Klöpffer as its chief financial officer, replacing the outgoing Peter Park. Klöpffer will also join the company’s executive board on June 1. MAN Energy Solutions noted that Peter Park is leaving the company after 13 years for personal
zoomImage courtesy of GTT French liquefied natural gas containment specialist GTT has appointed Eric Dehouck as deputy chief executive officer. Dehouck will support the acceleration of GTT’s development and will assist Philippe Berterottière in his responsibilities as chairman and CEO of GTT, the company said in a statement. Dehouck brings
