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Germany and Poland halt Russian oil imports

Germany and Poland halt Russian oil imports

Moscow - Poland and Germany have suspended imports of Russian oil via a major pipeline, citing poor quality and triggering a rare crisis over supply from the world’s second-largest crude exporter. Halting imports from the Druzhba pipeline could trigger legal claims by Western buyers

BP signs $6 billion development offshore

BP signs $6 billion development offshore

Baku - BP and partners have signed the Azeri Central East project, the next stage of development of the giant Azeri-Chirag-Deepwater Gunashli (ACG) oilfield complex in the Azerbaijan sector of the Caspian Sea. The $6 billion development includes a new offshore platform and facilities

Five Algerian billionaires arrested

Five Algerian billionaires arrested

Algiers - Five Algerian billionaires,some of them close to former president Abdelaziz Bouteflika who quit over mass protests, have been arrested as part of an anti-graft investigation, Algerian state TV said on Monday. The five are Issad Rebrab, considered the richest businessman in the energy-rich north African nation

Ukraine enters uncharted new era / FOCUS

Ukraine enters uncharted new era / FOCUS

Kiev - Ukraine entered uncharted political waters on Monday after near final results showed a comedian with no political experience and few detailed policies had dramatically up-ended the status quo and won the country’s presidential election by a landslide

Corvus supplies first all-electric workboat

Corvus supplies first all-electric workboat

Bergen - Corvus Energy will supply a 550kWh Energy Storage System (ESS) for a new all-electric skimmer workboat. The ESS will allow the boat to be in full working mode for four to five hours, and a full battery charge will take just two hours. In addition, the vessel has solar panels on board

China to build largest LNG carrier

China to build largest LNG carrier

Beijing - China is building the world’s largest liquefied natural gas carrier with a capacity of 270,000 cubic metres to cope with the rising demand for the clean fuel in the nation, said a top shipbuilder. Shanghai-based Hudong-Zhonghua Shipbuilding (Group) has joined hands with DNV-GL for construction of the carrier

Life is harsh for clean trucks
Maersk completes oil and gas spin off

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