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After Norway’s state-owned giant Equinor decided to exercise its option to add more wells to the backlog of an Odfjell Drilling-owned rig, this rig now has eight more wells to drill for the Norwegian company. Back in May 2021, Odfjell Drilling and Equinor inked a deal for the Deepsea Stavanger …

On 20 July, TotalEnergies, as the operator, announced the decision of the Papua LNG joint venture to launch the first phase of these FEED studies. In parallel, studies for the downstream liquefaction facilities are progressing in line with the overall project schedule, according to TotalEnergies. The objective is to launch …

Russian President Vladimir Putin said on Wednesday (20 July) that capacity of the Nord Stream 1 gas pipeline, the single largest link for Russian gas supplies to Europe, could be further reduced due to slow progress in equipment maintenance. Nord Stream 1, which runs on the bed of the Baltic …

The National Iranian Oil Company (NIOC) and Russia’s Gazprom signed a memorandum of understanding worth roughly 40 billion dollars. The document was signed during an online ceremony on Tuesday by NIOC CEO Mohsen Khojastehmehr and Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee. The development of Kish and North …

Russia is seeking payment in United Arab Emirates dirhams for oil exports to some Indian customers, three sources said and a document showed, as Moscow moves away from the US dollar to insulate itself from the effects of Western sanctions. Russia has been hit by a slew of sanctions from …

The German government said Monday that a turbine at the centre of uncertainty about future gas deliveries through a major pipeline from Russia to Europe was only supposed to be installed in September, underlining its insistence that there should be no technical obstacle to the gas flow. Meanwhile, Germany’s biggest …

Russian state-owned energy giant Gazprom has told European buyers it may not be able to continue sending gas because of “extraordinary circumstances,” according to an exclusive report by Reuters, raising fears that the ongoing annual maintenance of a key pipeline might extend beyond Thursday, the day it is expected to …

China’s LNG imports are set to fall over 14% year-on-year to 69 million tonnes (Mt) in 2022, the largest decline since it started importing LNG, reported Wood Mackenzie. After solid growth in 2021, China’s gas and liquefied natural gas (LNG) demand is expected to slow down in 2022. China’s gas …

The European Commission has signed a memorandum of understanding with Azerbaijan to double imports of Azeri natural gas to at least 20 billion cubic metres a year by 2027. European Commission President Ursula von der Leyen and Azerbaijan’s President Ilham Aliyev signed a memorandum of understanding (MoU) on a strategic …

Gazprom has declared force majeure on gas supplies to Europe to at least one major customer, according to a letter from the Russian energy firm. Dated July 14, the legal force of the letter is to shield Gazprom from compensation payments for disrupted supplies. The letter said Gazprom, which has …