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ABB, Solar Impulse Join Forces for Round-the-world Flight
ABB, the leading power and automation technology company, is proud to accompany Solar…
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Wärtsilä Propulsion Solution for 3 Tugs
Three large new escort tugs contracted by Norwegian operator Østensjø Rederi, will…
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Directorate Changes at Fastnet
Fastnet, the UK and Irish listed E&P company focused on near-term exploration and…
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Shell Eyes Arctic Drilling this Summer
Oil major Shell wants to revive its Arctic oil drilling programme this year after…
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Mitsui Orders 2 LNG Carriers from MHI
Mitsubishi Heavy Industries, Ltd. (MHI) reports it has received an order for two…
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Canadian Oil Sands Q4 Profit Tumbles
Canadian Oil Sands Ltd , the largest-interest owner in the Syncrude oil sands project in northern Alberta, slashed its dividend…
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Canadian Oil Sands Shares Halted
Shares in Canadian Oil Sands were halted on the Toronto Stock Exchange on Thursday, pending a news announcement. Analysts expected the energy company…
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Petrobras Plans to Raise $3b from 2015 Asset Sales
Brazilian state-run oil company Petroleo Brasileiro SA plans to raise $3 billion from asset sales in 2015, according to a…
Latest news
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Conoco CEO Sees Low Oil Prices Lingering in 2015
The chief executive of ConocoPhillips, an oil company that reported a quarterly loss on Thursday and also made a second round…
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Damen Delivers Custom-Made Offshore Winches to Fugro
Damen Maaskant Shipyards, part of Damen Shipyards Group, has delivered two dedicated offshore winches to Fugro. The Dutch…
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DNV GL Wins Contract for Maria Development
DNV GL has been selected by Wintershall Norge AS as the sole supplier for the combined role of Independent Verification Body…
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Liberian Registry Launches Green Ship Initiative
“We have launched a new initiative to help shipowners improve their green credentials and meet other corporate social responsibilities…
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Keystone XL Bill Passes in Senate, Faces Obama Veto
The U.S. Senate passed a bill on Thursday to approve the long-pending Keystone XL oil pipeline, despite the White House saying…
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EDF Commissions Wind Farm in South Africa
French utility EDF commissionned a 61.5 megawatt (MW) wind farm near Port Elizabeth in South Africa, its EDF Energies Nouvelles…
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US Senate Panel Advances Iran Sanctions Bill
The U.S. Senate Banking Committee voted 18-4 on Thursday to advance a bill that would toughen sanctions on Iran if international…
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Workers at Niger Oil Refinery Start 3-day Strike
Some 400 workers at Niger's only oil refinery started a three-day strike on Thursday to protest conditions and pay at the plant…
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Pennsylvania Governor Bans New Oil/Gas Leases on State Land
Pennsylvania Governor Tom Wolf on Thursday signed an executive order reinstating a moratorium on new leases for oil and natural…
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E.ON Seeks $1.1 bln Terni Plant Deal
German utility E.ON aims to sell its most valuable asset in Italy, a 531 megawatt (MW) hydro-power plant valued at at least…
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Kemp: U.S. Crude Oil Stocks Return to 1930s Crisis Levels
U.S. commercial crude oil stocks last week hit their highest level since 1931 - when the opening of giant oil fields in the…
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Total Win Abu Dhabi Oil Stake
ADNOC wants other oil firms to improve terms; Shell gets ADNOC proposal. Shell, BP may get 10 pct stake each if terms agreed.
Offshore Oil & Gas
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Conoco Reports Q4 Loss, Cuts CapEx Again
ConocoPhillips, the largest independent oil and gas company, on Thursday reported a quarterly loss and again slashed its 2015 capital expenditures…
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GE, Statoil Partner for Sustainable Energy Development
GE and Statoil announced a new collaboration which intends to accelerate the development of more environmentally and economically…
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ClassNK Invests in the Wind Energy Institute of Tokyo
ClassNK has agreed to form a capital alliance with the Wind Energy Institute of Tokyo Inc. (WEIT), a move which aims to strengthen…
Shale Oil & Gas
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EPA Seeks Input on Emission Standards
The U.S. Environmental Protection Agency (EPA) has invited small businesses, governments and not-for-profit organizations…
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Hess Profit Misses Estimate as Oil Prices Slump
Oil and natural gas producer Hess Corp posted a lower-than-expected profit on Wednesday, as a steep fall in global crude prices eroded results.
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Valero CEO: Low Oil Prices Encourage Global Fuel Demand
Valero Energy Corp Chairman and Chief Executive Joe Gorder said on Wednesday low oil prices are encouraging continued global…
LNG
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US House Passes Bill to Pressure Regulators on LNG Exports
The U.S. House of Representatives passed a bill on Wednesday to speed permits for exports of natural gas, a measure that…
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Yinson Wins $2.5 bln Ghana Oil & Gas Contract
Yinson Holdings Bhd , Malaysia's oil and gas services firm, said on Wednesday it secured a $2.54 billion floating production…
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Sasol Delaying LA GTL Investment
Sasol announces plan to respond to the low oil price environment. Accoding to Reuters, certain decisive measures have been…
Renewables
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Romanian Power Plants Plans in Doubt
Electricity demand in Romania is expected to grow by less than 1 percent a year over the next decade, according to an industry study…
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Plough Clears 33 Routes on DONG Energy Wind Farm
Ecosse Subsea Systems (ESS) has completed a major boulder clearance and seabed preparation campaign on behalf of DONG Energy.
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GDF Suez to Boost Focus on Marine Energy
French utility GDF Suez aims to double its power generation capacity from renewable energy in Europe between 2015 and 2025…
Technology
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Software Models Full Supply Chain for Process Industry
In the oil and gas process industries, accurate simulation and assessment of logistics operations are essential to improve efficiency.
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NOIA: Draft Offshore Lease Program Both Hits and Misses
National Ocean Industries Association (NOIA) President Randall Luthi issued a statement on the 2017-2022 Draft Proposed OCS…
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Technip Bags 2 Stone Energy's Contracts
Technip has been awarded by Stone Energy Corporation both a flexible pipe supply contract and an installation contract for the Amethyst field…
Legislation
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Brazil Freezes Former Petrobras CEO Gabrielli's Assets
A Brazilian state court froze the assets of former Petrobras Chief Executive Officer Jose Sergio Gabrielli on Wednesday amid…
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Shell Inks Iraqi Petrochemicals Plant Deal
Royal Dutch Shell signed deal with Iraq worth $11 billion to build a petrochemicals plant in the southern oil hub of Basra…
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Petrobras Taking Graft-linked Q4 Writedown
Brazil's state-run oil company Petrobras is likely to take a corruption-related charge against earnings in its 2014 fourth…
