World Energy News

Damen Shiprepair Rotterdam Completes the Refit of Petrojarl 1

On the August 18, 2017, Damen Shiprepair Rotterdam (DSR) has delivered the FPSO Petrojarl 1 to Teekay Offshore following a complete redeployment project taking place over the past 2 ½ years. The Petrojarl 1 has been operated by Teekay for 28 years in the North Sea and is now destined for the Atlanta Field in Brazil.
U.S. Drillers Cut Rigs for Second Week in Three

U.S. energy firms cut oil rigs for a second week in three, data showed on Friday, with drillers cutting spending plans in reaction to declining crude prices. Drillers cut five oil rigs in the week to Aug. 18, bringing the total count down to 763, General Electric Co's Baker Hughes energy services firm said in its report on Friday.
Coal Price Surge Justified by China's Dynamics: Russell

How much of the current surge in thermal coal prices in Asia is because of a fundamental shift in the supply-demand balance, and how much is down to speculative froth? This is a question often asked when a commodity experiences a strong gain - or drop - in price, especially when the fundamentals don't appear to have shifted that much…
Lithuania Receives First U.S. LNG Cargo

Lithuania received its first spot shipment of liquefied natural gas (LNG) from the United States on Monday, the result of a deal aimed at reducing dependence on Russia and consolidating relations with Washington amid increased tension in the region. Russia's annexation of Crimea in 2014 has spooked the Baltic states…
U.S. Biofuels Mandates Under High Stakes Scrutiny

U.S. biofuels regulations, which mandate mixing corn-based ethanol into gasoline, have lately drawn together a diverse cast of political opponents. They include an upstart gas station owners' trade group, a former Obama administration environmental adviser and billionaire activist investor Carl Icahn, who owns a refiner and served as U.S.

Latest news

Offshore Oil & Gas

Petrobras, Brazil Dispute Transfer of Rights Worth $30 bln

Brazil's government and state-run oil company Petroleo Brasileiro are locked in a dispute over the value of offshore oil blocks involving an estimated $30 billion, newspaper Valor Econômico reported on Friday. The dispute, which has previously been reported, centers on a 2010 contract in which Petrobras paid the government for the transfer of exploratory rights over some oil areas off the coast. Oil prices were much higher at the time the original contract was signed, at around $90 per barrel.

Shale Oil & Gas

Pullback in Fracking Sand Use Pressures Producers

U.S. shale oil companies are pulling back on the amount of sand they use to hydraulically fracture new wells, responding to rising prices of the material that are driving up costs. Investors worry a slowdown in sand use, combined with new mining capacity coming online, could lead to a glut of the material and bring down prices. The worries have pressured shares of sand companies. Sand prices soared in the last year as oil companies ramped up shale drilling and production.

LNG

Cheniere Energy to Open China Office

U.S. natural gas exporter Cheniere Energy Inc is setting up an office in Beijing to help it clinch long-term supply deals with Chinese buyers, four industry sources said. Cheniere, which held extensive talks with China earlier this year, will be the first operator of a U.S. liquefied natural gas (LNG) export facility to establish a presence in the country. The move follows an agreement in May between…

Renewables

ZephIR Lidar Expands Engineering Team

ZephIR Lidar has announced the expansion of its Engineering and Supply Chain Team as part of a larger strategy to increase production and meet the growing demand for more accurate wind measurements within the wind energy industry. ZephIR Lidar has invested its own resources and has also applied for and received government-backed ‘Innovate UK’ funding in support of expanding the engineering function for production and manufacturing…

Technology

Wison Granted AIP for Its Innovative Floating LNG Storage

Wison Offshore & Marine announced that it has received Approval in Principle (AIP) from Bureau Veritas for its newly-developed large-scale Floating LNG Storage and Regasification Terminal. Featuring scalable storage capacity up to equivalent size of a Q-Max, this is the first large-scale FSRU barge design that has been granted AIP by a classification society. It also marks that Wison is now capable…

Legislation

Transocean to Buy Songa Offshore

About 77 pct of Songa shareholders have so far accepted deal. Transocean, one of the world's biggest drilling rig operators, has agreed a deal to buy Norwegian competitor Songa Offshore for 9.1 billion Norwegian crowns ($1.1 bln), the two companies said on Tuesday. The deal, which would be mostly paid for in shares and convertible bonds, would strengthen Transocean's position in offshore drilling as Songa is Norwegian oil major Statoil's largest drilling service provider.

Damen Shiprepair Rotterdam Completes the Refit of Petrojarl 1

U.S. Drillers Cut Rigs for Second Week in Three

Coal Price Surge Justified by China's Dynamics: Russell

Lithuania Receives First U.S. LNG Cargo

U.S. Biofuels Mandates Under High Stakes Scrutiny

Mexico Raises Pemex Deductions to Continue Oil Output

Fire Out at Dalian PetroChina Refinery

Vopak Sees 2017 Profit Down on Lower Occupancy

Latest news

Offshore Threat Detection Prevents Operational Downtime

Speculators Betting on Higher Brent Prices

MAN’s Subsea Compressors Reach Field Proven Status

Gunvor Awarded Fortuna FLNG Offtake

Rosneft Seals Asian Refinery Deal with Essar Oil Purchase

Sempra Energy to buy Oncor for $9.45 bln

Total: Maersk Deal to Boost Earnings

Oil Dips as Rally Encourages Profit-Taking

Rosneft, Trafigura Purchase Essar Oil Refinery

PDVSA Defends Relationship With Russia

Brazil Extends Oil Industry 'Perks' Through 2040

Oil Jumps as Dollar Dips

Offshore Oil & Gas

Petrobras, Brazil Dispute Transfer of Rights Worth $30 bln

VA Governor urges Trump to drop VA Offshore Drilling Plan

Topaz Financial Results Ending June 2017

Cotemar Invests $200 mln in Oil Projects by 2018

Shale Oil & Gas

Pullback in Fracking Sand Use Pressures Producers

Oil Edges Up as U.S. Stocks Fall

Oil Slips on Chinese Demand, Rising U.S. Activity

Andeavor to buy Western Refining Logistics

LNG

Cheniere Energy to Open China Office

Norway's Record July Gas Sales Could Lift Statoil Earnings

Energy Capital-led Consortium to buy Calpine Corp

Australia Risks Missing Next LNG Wave: Russell

Renewables

ZephIR Lidar Expands Engineering Team

Vestas Shares Drop as Price Pressure Increases

Germany Awards Licences for Onshore Wind Capacity

Dogger Bank Ownership Structure Announced

Technology

Wison Granted AIP for Its Innovative Floating LNG Storage

DNV GL to Host Event at Spadeadam Facility

Statoil Set to Drill Its Biggest Arctic Hope

TWMA Wins North Sea Contract with Azinor Catalyst

Legislation

Transocean to Buy Songa Offshore

Siemens Gamesa to Cut 600 Jobs in Denmark

Asia Could Import more Venezuelan Crude if U.S. Sanctions Hit

Gazprom Expects No Changes to Key Projects from New US Sanctions

Assistant Storekeeper

Chief Radio Electronics Technician

SENIOR MARINE SUBSEA SURVEYOR

Press Releases

Vista Releases Update on Recent Events

Noble Energy Announces Pricing and Expiration of the Tender Offer for Its 8.25% Senior Notes Due 2019

PHI Group Partners with Aquarius Power to Provide Breakthrough Renewable Energy Technology to Vietnam