Fossil Energy – Drilling
Saipem has exercised its purchase option concerning the seventh-generation Santorini drillship.
[Read more…] about Saipem strengthens its offshore drilling fleet
Aker BP gets board approval for $19bn investment
Fossil Energy – NOAKA
Aker BP announced that its board has approved the decision to submit plans for development and operation (PDO) for the NOAKA field development project, the Skarv satellite project, the Valhall PWP-Fenris project, and the Utsira High projects, offshore Norway.
[Read more…] about Aker BP gets board approval for $19bn investmentFrance launches two new offshore wind tenders
Wind Energy – France
Having just opened its first offshore wind farm (St Nazaire, 480 MW) France has launched tenders for two new ones. They’re bottom-fixed and will have a total capacity of 2.5 GW.
[Read more…] about France launches two new offshore wind tendersNeptune Energy confirms new discovery in Norwegian Sea
Fossil Energy – Drilling
Neptune Energy today announced a new discovery at the Calypso exploration well (PL938) in the Norwegian Sea.
[Read more…] about Neptune Energy confirms new discovery in Norwegian SeaEurope imports record amount of liquefied natural gas from Russia
General – LNG Import
European countries’ imports of Russian LNG increased more than 40 percent between January and October this year (17.8 billion cubic meters) compared to the same period in 2021.
Russian LNG is not subject to sanctions by the EU.
In fact, Russian gas is considered essential to the energy security of some European countries. Yet there is nothing to stop Putin from cutting back on these gas supplies as well in retaliation for anti-Russian measures by the West. This could still force the EU to purchase the gas on the more expensive spot market.
France, Belgium, Spain, and the Netherlands accounted for almost all volumes.
Most Russian LNG is supplied by the Yamal LNG joint venture, which has Russian gas producer Novatek as its main shareholder. French energy giant Total is also in Yamal LNG, by the way.
This proves how difficult it is for Europe to break away from the Kremlin’s energy apparatus. Despite other boycotts of Russian energy products.
Source: Financial Times and Business AM
China’s spending on Russian energy nears $60 billion since war
General – China
China continued to boost Russian energy imports last month, as purchases of natural gas, coal, crude oil and oil products increased to nearly $60 billion since the invasion of Ukraine, from about $35 billion a year ago.
[Read more…] about China’s spending on Russian energy nears $60 billion since warJOG progressing North Sea Greater Buchan Area farm-out
Fossil Energy – Farm-out
Britain’s North Sea Transition Authority has approved Jersey Oil & Gas’ (JOG) request to extend the second term of its P2170 license in the central UK North Sea, which contains the Verbier discovery.
[Read more…] about JOG progressing North Sea Greater Buchan Area farm-outKeppel delivers 1st of three jackup rigs to Adnoc Drilling
Fossil Energy – Drilling
Keppel FELS has delivered the first of three jack-up rigs to ADNOC Drilling Company.
[Read more…] about Keppel delivers 1st of three jackup rigs to Adnoc DrillingVestas selected preferred supplier for floating wind project in South Korea
Wind Energy – Asia Pacific
Vestas announces that MunmuBaram, a joint venture between Shell and HEXICON AB, has named Vestas as the preferred turbine supplier for the 1.3 GW MunmuBaram floating offshore wind project in South Korea.
[Read more…] about Vestas selected preferred supplier for floating wind project in South KoreaAquadrill announces charter hire agreement for Capella
Fossil Energy – Drilling
Aquadrill and a subsidiary of Vantage Holdings International have reached an agreement to provide the Capella, an MPD outfitted 6th generation drillship, for a four-firm well contract plus two priced and three mutually agreed optional wells for operations in Indonesia.
[Read more…] about Aquadrill announces charter hire agreement for Capella
