North-east energy company Ramco has secured a £7.5 million a year deal with Norwegian energy giant Equinor, formerly known as Statoil, which will help seal 70 jobs and create more if the workload increases over the course of the contract. The company based just outside of Aberdeen specialises in the […]
Cuadrilla Resources has secured an expanded injunction against protestors at its Preston New Road site in Lancashire, following the leaps it took towards commencing its fracking operations on a significant scale. One court case revealed that the police had advised the firm to take the injunctions out against activists after […]
The Ukrainian President has ordered the seizure of the country’s overseas assets of Gazprom and its shares in the Nord Stream gas pipeline as it looks to enforce a Stockholm tribunal ruling against the Russian giant. A Dutch court has approved the petition to freeze assets in the Netherlands as […]
Europe has set its ambitions to use more gas in its energy mix in place of coal, however it is too expensive making it unprofitable to generate electricity. Following the coldest winter in six years, gas stores in the UK were at their lowest level since 2012 with restrained pipeline […]
The production of domestic oil and gas in the US provides the country and its allies with extra security over potentially hostile countries, such as Russia, energy analysts have told a House Foreign Affairs committee. Kenneth Medlock, senior director of the Centre for Energy Studies at Rice University, said the […]
Nord Stream 2’s technical director has said the construction of the project has not been affected by US opposition. Sergey Serdyukov, technical director of the project being led by Russian state-owned firm Gazprom, said construction is due to start in July as planned, despite claims from the US that the […]
French energy giant Total has agreed to take a 10% stake in Russia’s Arctic LNG 2 project, which is valued by its developer Novatek to be worth a total of $25.5 billion. Although Total did not specify the financials of the deal, Novatek’s chief executive Leonid Mikhelson said he was […]
Norway’s sovereign wealth fund worth $1 trillion is one step closer to exiting its oil and gas stocks after it won support from key Norwegian academics, despite concerns over diversification. During a consultation, academics from the Norwegian School of Economics (NHH), University of Science and Technology (NTNU) and the University […]