Turkstream, a pipeline designed to bring Russian gas to Turkey through the Black Sea, could be cancelled after Turkey on Tuesday shot down a Russian warplane. Namely, following the downing of the Russian warplane, for which Turkey said it had breached Turkish airspace, Russian Prime Minister Dmitry
UK Oil & Gas, a representative body for the offshore industry, has captured environmental performance of the UK’s offshore oil and gas industry in a report according to which the industry seems to be cleaning up its act. Namely, overall trends of emissions, discharges and accidental releases by the
Responding to the Sustainable Shipping Initiative’s concerns that measures being taken by shipping fall short of what is required to achieve the 2 degree climate change goal, the International Chamber of Shipping (ICS) said that this misunderstands the approach already agreed at the UN negotiations
Crude oil futures eased on Wednesday after prices hit two-week highs in the previous session as tension mounted in the Middle East following Turkey’s downing of a Russian warplane.
The State of Alaska on Tuesday completed a US$64.6 million deal to buy TransCanada Corp.’s stake in the proposed Alaska LNG project. The deal was recently approved by Alaska Gasline Development Corporation (AGDC). Under the agreement, AGDC will assume TransCanada’s interest in the project’s 800-mile
French oil and gas company Total is raising approximately $1.2 billion of new debt financing. The company said the new debt financing would be raised through a structure combining the issue of non-dilutive cash-settled convertible bonds with the purchase of cash-settled call options to hedge Total’s
Statoil has awarded a contract to Isleburn Limited in North of Scotland for providing the suction anchors to the world’s first floating wind farm. Isleburn Limited, part of Global Energy Group, will provide 15 suction anchors for the Hywind pilot park to be delivered in the beginning of 2017. “The s
The developers of the Leviathan gas field offshore Israel signed on Tuesday a letter of intent with Dolphinus Holdings to supply gas to Egypt. The gas would be transported using the transmission system of Israel Natural Gas Lines (Natgaz) to Ashkelon and from there to the local market in Egypt using
French energy giant Total is raising approximately $1.2 billion of new debt financing. The new debt financing will be raised through a “structure combining the issue of non-dilutive cash-settled convertible bonds with the purchase of cash-settled call options to hedge Total’s exposure to the exercis
Brazilian oil giant Petrobras has revealed the extent and impact on oil production the oil workers’ strike that started on November 1, has had on its production. Petrobras said that during the strike 2.29 million barrels of oil was not produced and 48.4 million cubic meters of natural gas was not ta
The Port of Limassol, one of the largest and busiest ports in Cyprus, was shook by quite a scare on Monday, having received a bomb threat via telephone. As informed, the transport police received the threat call on Monday morning at 09:30 by an unidentified person who spoke broke English. The police
Det norske, an oil exploration and development company, has informed that the Alvheim FPSO, located in the central part of the North Sea, will be running at reduced production for approximately four weeks. According to the company, this is due to an electric fault in the high voltage drive motor for
The Barbados registered cargo vessel called Skog, which was drifting off Orkney as of this morning due to engine problems is now under tow, the UK Coast Guard said. After the vessel reported that it was drifting without engine power and taking in water this morning, Shetland Coastguard sent the Coas
Oil giant Shell has been fined for an oil leak at the Gannet field in the UK sector of the North Sea. Shell UK will pay 22.5 thousand pounds for the incident that happened in 2011 at Shell’s Gannet Alpha platform. More specifically, in August 2011, oil spilled from a subsea pipeline connected to She
