Norwegian oil and gas company Sval Energi said Thursday it had completed the $300 million acquisition of Edison Norge.The deal, first announced in December 2020, sees HitecVision-backed Sval acquiring ten production licenses on the Norwegian continental shelf.The assets include 10% ownership of the Dvalin field development and increase Nova field development holding by 15% to a total of 25%. The assets will bring Sval additional net reserves of around 25 million barrels of oil equivalent…
U.S. oilfield services firm Halliburton said Thursday it had recently provided offshore wireline services for Croatian INA Group in the Adriatic Sea. According to Halliburton, the wireline team completed logging operations on four wells, including 17 successful combined runs without any health…
Five foreign vice-presidents of Russia's Rosneft have resigned because of European Union sanctions forbidding European citizens or Russians living in the EU to work at the Kremlin oil major, six sources familiar with the matter said.They said the five - Didier Casimiro…
New Fortress Energy has executed a binding agreement to charter a floating storage and regasification unit (“FSRU”) to Dutch energy network operator Gasunie, in an effort by the Netherlands to reduce Russian gas imports. The chartered FSRU will provide storage capacity of approximately 170…
The German government on Thursday signed agreements for the charters of four floating storage and regasification units (FSRUs), as it works to become less reliant on Russian gas, as FSRUs will enable it to import LNG from other sources.The agreements…
Triumph Subsea Services said Thursday it had formally canceled the Letter of Intent that was issued to Infrastrata in December 2020, for the construction of an offshore wind development vessel and said it didn't want to build any vessels with InfraStrata and or any of its shipyards…
Norwegian maritime tech and equipment company Kongsberg Maritime (KM) will deliver a large technology package for Triumph Subsea Services' field development vessel (FDV).Triumph Subsea Services in December 2020 signed a contract with the Croatian…
Croatia's liquefied natural gas (LNG) terminal on the northern Adriatic island of Krk began operations on Friday amid the first delivery of gas, said the company which runs the unit.'LNG tanker Tristar Ruby anchored with 143,000 cubic meters…
Italy's Edison said on Wednesday it had sold its exploration and production assets in Norway to Norwegian oil and gas group Sval Energi as part of its strategy to focus on clean energy.Edison, owned by France's EDF, said the deal valued Edison Norge AS at $300 million…
Triumph Subsea Services has signed a letter of intent with Infrastrata for the construction of offshore wind farm development vessels at Infrastrata's Harland & Wolff Shipyard in Belfast, Northern Ireland.The letter of intent envisions the construction…
Triumph Subsea Services has signed a contract with the Croatian shipbuilder Brodosplit for the construction of a field development vessel.Triumph said Tuesday that the contract was for one firm vessel, with options to order three more.Options…
Norway's ship recycling firm Green Yard is taking over the cash strapped Kleven Verft shipyard after the latter recently filed for bankruptcy.In a press release issued on Tuesday, and titled 'Kleven is saved!,' Kleven said that Green Yard had…
Oil and gas companies Energean and Edison have agreed to exclude Edison's Norwegian assets from the proposed sale of Edison's E&P business to Energean. Apart from the exclusion of Norway, the companies have also reduced the value of the deal by $111 million…
Croatia expects to start talks with Hungarian energy group MOL on a possible buyback of shares in Croatian gas and oil company INA by the end of June, the country's Energy and Environment Minister Tomislav Coric said.Croatian Prime Minister…
Energean and Edison have entered into a formal agreement to exclude Algerian assets from the proposed sale of Edison's E&P business to Energean.Energean back in January said that Algeria would be excluded from Energean's pending acquisition of Edison E&P…
