EurOil - Europe Oil & Gas
Equinor dishes out $612mn in contracts as part of next wave of its upstream development plans
Equinor has awarded contracts worth around NOK6bn for four subsea tie-back projects, launching the first wave of a broader effort to cut development costs and timelines on the Norwegian continental shelf.
Brazil's Venture Offshore secures more work for rig offshore Indonesia with Italy's Eni
Brazilian deepwater drilling contractor Ventura Offshore has secured additional work worth about $25.1mn for its SSV Catarina semi-submersible rig offshore Indonesia.
Italy's Saipem scores $2bn FSRU contract offshore Indonesia
Italy’s Saipem has secured a contract worth around $2bn for its share of work on a new floating production, storage and offloading unit for the Kutei North Hub development offshore Indonesia.
Shell raises Q2 production guidance on strong gas trading
Shell has raised its second-quarter production guidance for its integrated gas and upstream divisions and expects gas trading results to improve significantly, even as the Middle East conflict curbs volumes from Qatar.
Norway's Aker BP sends topsides for Yggrasil oil and gas project
Norwegian oil producer Aker BP has sent the Hugin B platform topside from Aker Solutions’ Verdal yard to the Yggdrasil oil and gas development in the Norwegian North Sea.
Hungarian government unveils major wind power expansion plan after decade-long pause
The Tisza-government has introduced new regulations aimed at accelerating wind power development by easing long-standing restrictions on new projects financed from the EU's RRF scheme.
OPEC+ members stick together with latest output raise
OPEC+’s seven core producers have agreed a modest easing of voluntary supply curbs from August, signalling a cautious, coordinated shift in strategy rather than a wholesale change of direction.
Georgia's only refinery to stop using Russian oil to target EU fuels market
Georgia’s Kulevi oil refinery plans to stop processing Russian crude from August or September, allowing it to target more profitable markets in the EU.
Head of German far-right party calls for return to Russian oil and gas
“Cheap energy from Russia was the secret of the success of ‘Made in Germany’. We need it back,” the leader of the far-right AfD told Reuters last week.
Yamal LNG carrier arrives in Danish yard for maintenance ahead of EU ban on Arc7 servicing
A Yamal LNG carrier has entered Denmark’s Fayard yard ahead of new EU restrictions in 2027.
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