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Storm Cut 73% of US Offshore Production
Tropical Storm Barry has cut 73%, or 1.38 million barrels per day (bpd), of crude oil production in the U.S.-regulated areas of the Gulf of Mexico, the U.S.
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USCG & Liquefied Gas Cargoes as Marine Fuel
The establishment of air emissions regulations in the form of Emission Control Areas (ECA) and the approaching IMO 2020 sulfur cap have driven the search for economically, commercially, and environmentally acceptable marine fuels. With advancements in technologies and the significant growth of U.S.
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IMO2020: The Rise of Bulk Liquid Hydrogen in Norway
Imagine a power distribution network where excess renewable energy from hydropower, wind, solar, and nuclear energy is converted to hydrogen and used as transportation fuel in the maritime industry. With the allure of a zero emissions fuel, a number of ship owners are starting to seriously consider hydrogen for newly built vessels.
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IEA: U.S., China to the LNG Lead by 2024
The United States and China will become the world's biggest liquefied natural gas (LNG) exporters and importers, respectively, in five years, according to projections by the International Energy Agency (IEA).U.S. LNG exports are expected to rocket to over 100 billion cubic meters (bcm) in 2024…
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Schlumberger Names New CEO, Tops Revenue
Schlumberger NV said on Friday Chief Operating Officer Olivier Le Peuch will replace longtime Chief Executive Officer Paal Kibsgaard, as the company looks to shore up its position as a leader in drilling technology.The world's largest oilfield services provider also reported better-than-expected quarterly revenue…
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Höegh LNG Wins FSRU Deal with Cheniere
Norway-based floating LNG giant Höegh LNG has signed a time charter contract for a floating storage and regasification unit…
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U.S. Oil Makes it to Ukraine, a blow to Moscow
U.S. crude exports are gaining traction in Europe as even Ukraine turns into a significant consumer of American barrels at…
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Deepwater Leads in Discovered Oil and Gas
Half of the 6.7 billion barrels of oil equivalent (boe) new conventional oil and gas discoveries in the first half of 2019 were deepwater finds…
Latest news
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Van Oord Completes Foundation for EA1
Dutch maritime contracting company Van Oord has installed the last jacket foundation for offshore wind farm East Anglia ONE…
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Tolent Begins Triton Knoll Base Work
UK based contractor Tolent started work to construct a new multi-million offshore construction and operations base for Triton…
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New York Awards Offshore Wind Contracts
New York on Thursday awarded two major offshore wind contracts to Norway's Equinor and a joint venture between Denmark's Orsted and U.S.
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Aker Energy IPO May be in Late 2019 or 2020
Norwegian investment firm Aker could launch its planned initial public offering (IPO) of Aker Energy in late 2019 or in 2020, depending on when Ghana
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Toyota Intros New Lithium-ion Range
U.S. distributor of Toyota lift trucks and tow tractors Toyota Material Handling has announced the approval of a new lineup…
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Woodside Q2 Revenue Slides 32%
Australia's Woodside Petroleum Ltd reported a 32% drop in second-quarter revenue on Thursday, the first decline in six quarters…
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Santos Posts Record Production in Q2
Australia's No 2 independent gas producer Santos Ltd said on Thursday it had clocked record gas production in the second…
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Premier Oil Cuts Operating Costs Forecast
Britain's Premier Oil on Wednesday reduced its forecast for its 2019 operating costs to $12 per barrel of oil equivalent…
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New CEO Guy Takes the Helm at EnerMech
Aberdeen-headquartered services company EnerMech announced on Wednesday that John Guy has been appointed as Chief Executive Officer (CEO)…
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Eni CEO Sues Lawyer for Defamation
The head of Italian oil group Eni has sued a former legal adviser to the company for defamation after excerpts of the lawyer's…
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Japanese Firms Begin Offshore Wind Surveys
Japanese companies Sumitomo Corporation and Electric Power Development Co., Ltd. (J-POWER) have begun an offshore ground…
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Mexico Unveils Pemex Business Plan
Mexico on Tuesday unveiled parts of a keenly awaited business plan meant to bring the world's most indebted oil company back from the abyss…
Offshore Oil & Gas
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Tropical Storm Barry Forms in Gulf of Mexico
Tropical Storm Barry formed on Thursday with heavy rains expected across the north-central U.S. Gulf Coast, the National Hurricane Center said.Barry…
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EU Threatens Turkey with Sanctions over Cyprus Drilling
The European Union is set to curb contacts and funding for Ankara in retaliation for what it calls Turkey's "illegal" drilling…
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Dominican Republic Kicks Off Licensing Round
The Dominican Republic's first oil licensing round will be a success if it awards more than two of the 14 blocks on offer this year…
Shale Oil & Gas
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Shell, Nigerian Agree to Reopen Oil Flow Station
International oil major Shell and Nigerian stakeholder communities agreed to reopen the flow station for the Oil Mining Licence 25…
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US Drillers Add Rigs
U.S. energy firms this week increased the number of oil rigs operating for a second week in a row with oil futures up about…
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Michigan Sues to Shut Down Enbridge Oil Pipeline in Great Lakes
The U.S. state of Michigan has filed a lawsuit asking for an Enbridge Inc oil pipeline that runs under the Straits of Mackinac…
LNG
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Pieridae Mulls Extensions with Uniper
Canadian energy company has negotiated extensions of the key deadlines under its 20-year agreement with German energy trader…
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LNG Bunkering Market to Reach $12bn by 2024
The global LNG bunkering market was valued at approximately USD 397.70 million in 2017 and is expected to generate revenue…
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Novatek Signs LNG Equipment Deal
The Russian natural-gas company Novatek and Atomenergomash, a mechanical engineering division of the Rosatom State Corporation…
Renewables
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ABS, MARIN Launch Wind Propulsion Project
The classification society ABS and Netherlands based research institute MARIN have launched a Joint Industry Project (JIP)…
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Putin Says Wind Power Harmful to Birds and Worms
Russian President Vladimir Putin questioned on Tuesday the use of wind power, saying wind turbines were harmful to birds and worms.Russia…
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Sun Cable Eyes World’s Biggest Solar Project
World's largest solar project proposed in Australia, connected to South East Asia via subsea cable.Singapore-based Sun Cable…
Technology
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EMEC Tidal Lease Extended
The European Marine Energy Centre has secured a lease extension on its primary tidal energy test site until 2040 from Crown…
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Green Maritime Methanol Project Gets a Boost
Shipowners, shipyards, manufacturers and ports have joined forces to investigate the feasibility of methanol as a sustainable…
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Ballard Joins H2Ports Project
Ballard Power Systems Europe is providing technology to H2Ports project which will see Valencia’s port in Spain become the…
Legislation
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Petrobras to Sell Natural Gas Assets
Brazilian state-owned oil firm Petroleo Brasileiro SA has reached an agreement with anti-trust regulator Cade to sell off a series of natural gas tran
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Wärtsilä Forms New Biofuel Arm
Finnish shipping technology group Wartsila has merged its Puregas Solutions and biogas liquefaction teams to form a new Biogas…
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Weatherford Files Bankruptcy Plan
Oilfield services firm Weatherford International on Friday filed a prepackaged restructuring plan with the U.S. Securities and Exchange Commission…
