Singapore’s Keppel Offshore & Marine, through its subsidiary Keppel Shipyard, has been awarded contracts worth around S$250 million (about $181 million) from repeat customers for the integration of two floating production storage and offloading (FPSO) vessels.
Norwegian oil and gas company Equinor is extending its contracts with three oilfield services giants – Baker Hughes Norge, Halliburton, and Schlumberger Norge – for integrated drilling and well services on its operated fields on the Norwegian continental shelf (NCS).
Following Russia’s invasion of Ukraine, the European Union has proposed a ban on all Russian oil imports, aiming to phase out Russian crude oil within six months and refined products by the end of the year.
Volkswagen, Europe’s top carmaker, is concerned about the impact a ban on Russian energy imports would have on its business, its CEO said on Wednesday, adding it was upgrading energy supply for its Wolfsburg factory to use alternative fuel sources.
Santos-operated Pavo-1 well located offshore Australia has proved the existence of a substantial volume of light oil in excellent quality reservoirs and has been described as “another stellar exploration success” by Santos’ partner, Carnarvon Energy.