World Energy News

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 (IVB) and Third Party Design Verification scope for the subsea, umbilicals, risers and flowlines (SURF) part of the Maria field development project. The contract is expected to run until the end of 2018, with a value of potential $3.95 million. Sture Angelsen , Business Development Manager in DNV GL…

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…
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…
Shell: UK Should Reduce North Sea Oil Tax

The British government should review a supplementary tax charge on North Sea oil producers as it has made the operation of some fields unrealistic…

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 of cuts to its 2015 budget, expects oil prices to remain low for the balance of the year. "There's a lot of debate right now about the duration of the current low oil prices," CEO Ryan Lance told investors on a conference call. Prices are expected to make a gradual recovery, but not to the peaks seen in the last three years, he said.

Mitsui Orders 2 LNG Carriers from MHI

Mitsubishi Heavy Industries, Ltd. (MHI) reports it has received an order for two next-generation LNG (liquefied natural gas) carriers from Mitsui & Co., Ltd., scheduled for completion and delivery in 2018 and 2019, respectively. They will be put into service for the Cameron LNG Project underway in the United States, an initiative in which Mitsui is participating, marking the first order placed to MHI for LNG carriers to transport shale gas.

ABB, Solar Impulse Join Forces for Round-the-world Flight

ABB, the leading power and automation technology company, is proud to accompany Solar Impulse and its crew on the plane’s flight around the world powered only by energy from the sun. Solar Impulse, based in Switzerland, announced today it will begin its historic flight between late February and early March in Abu Dhabi. In 2014, ABB and Solar Impulse formed an innovation and technology alliance to…

Wärtsilä Propulsion Solution for 3 Tugs

Three large new escort tugs contracted by Norwegian operator Østensjø Rederi, will feature Wärtsilä dual-fuel (DF) engines integrated with a customized gas storage and supply system also supplied by Wärtsilä. The tugs will operate primarily on LNG (Liquefied Natural Gas) but the Wärtsilä DF engines provide the flexibility to select the most suitable fuel according to availability, price and local environmental restrictions. The contract for the Wärtsilä solution was signed in December 2014.

Directorate Changes at Fastnet

Fastnet, the UK and Irish listed E&P company focused on near-term exploration and appraisal acreage in Morocco and the Celtic Sea, announces certain management changes following the appointment of Carol Law as CEO in December 2014 and a review of the Company's cost structure in light of the lower oil price environment. As a result of this internal review, Will Holland's employment as Chief Financial Officer of the Company has been terminated and he leaves the Board with immediate effect.

Wärtsilä Propulsion Solution for 3 Tugs

Mitsui Orders 2 LNG Carriers from MHI

Gazprom, OMV Ink Additional Deal

31 ARENA Projects Completed

Europe's Offshore Wind Capacity Growing

Keystone Bill Passes, Obama Veto Looms

Shell 'Optimistic' on U.S. Refinery Contract Talks

Yemen Lifts Force Majeure on LNG Deliveries

Latest news

Ensco Tops in Offshore Drilling

Global LNG-Price Slump Deepens

Buyers Bide Their Time in $110 bln Oil Asset Sell-Off

OPEC January Output Rises

Plains 70 mbpd Saskatchewan Terminal Nearing Completion

Statoil: No Barents Sea Drilling in 2015

Total Slashes 2015 Exploration CapEx by 30 pct

Tohoku Electric's LNG Buy Sets Asian Spot Level

Consol Profit Plunges on Rising OpEx

Brent Rises Despite 7th Straight Monthly Drop

BP Quits Indonesian Blocks on Risk Concerns

Enterprise Tender Fails on Low Bids

Offshore Oil & Gas

DNV GL Wins Contract for Maria Development

Petrobras Plans to Raise $3b from 2015 Asset Sales

EDF Commissions Wind Farm in South Africa

Shell: UK Should Reduce North Sea Oil Tax

Shale Oil & Gas

Conoco CEO Sees Low Oil Prices Lingering in 2015

Keystone XL Bill Passes in Senate, Faces Obama Veto

Workers at Niger Oil Refinery Start 3-day Strike

Pennsylvania Governor Bans New Oil/Gas Leases on State Land

LNG

Mitsui Orders 2 LNG Carriers from MHI

US House Passes Bill to Pressure Regulators on LNG Exports

Yinson Wins $2.5 bln Ghana Oil & Gas Contract

Sasol Delaying LA GTL Investment

Renewables

ABB, Solar Impulse Join Forces for Round-the-world Flight

Romanian Power Plants Plans in Doubt

Plough Clears 33 Routes on DONG Energy Wind Farm

GDF Suez to Boost Focus on Marine Energy

Technology

Wärtsilä Propulsion Solution for 3 Tugs

Liberian Registry Launches Green Ship Initiative

GE, Statoil Partner for Sustainable Energy Development

Software Models Full Supply Chain for Process Industry

Legislation

Directorate Changes at Fastnet

Brazil Freezes Former Petrobras CEO Gabrielli's Assets

MOL, Mitsui Ink Charter Deal

Shell Inks Iraqi Petrochemicals Plant Deal