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21 Russian Arctic LNG cargoes come to EU ports

After the latest sanctions package hit a wall in the form of Hungary’s opposition, research from Germany’s non-profit environmental research organization, Urgewald, shows that the February liquefied natural gas (LNG) export figures related to Russian Arctic LNG cargos, which flowed to the European Union (EU), spotlight that European infrastructure and maritime services are still at the forefront of Russia’s LNG export revenues. The post 21 Russian Arctic LNG cargoes come to EU ports appeared first on Offshore Energy.

Go-ahead for North Sea drilling ops with Odfjell Drilling-managed rig

Norway’s oil and gas player Wellesley Petroleum has received the blessing from the country’s authorities for the drilling of an exploration well in the Norwegian sector of the North Sea, which is expected to be carried out using a semi-submersible rig managed by Odfjell Drilling, an offshore drilling contractor. The post Go-ahead for North Sea drilling ops with Odfjell Drilling-managed rig appeared first on Offshore Energy.

UK signals readiness for oil & gas tax shift with £50 billion energy investment in play

Britain’s trade body for the offshore energy industry, Offshore Energies UK (OEUK), has taken steps to engage in talks with the UK government to strike a deal and unlock multibillion-dollar energy industry investment boost by replacing the energy profits levy (EPL). The proposed regulatory shift has the potential to pave the way for homegrown energy growth, fortifying energy security and tax revenues, which are set to rise as the oil and gas windfall tax replacement looms. The post UK signals readiness for oil & gas tax shift with £50 billion energy investment in play appeared first on Offshore Energy.