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Seaborne Nuclear Power Plant Docks in Russia
Russia's first-floating nuclear power plant has arrived to its permanent base near an isolated Russian town across the Bering Strait from Alaska, Russian state nuclear energy company Rosatom said on Saturday.Developed by Rosatom, the plant, known as "Akademik Lomonosov", set off on a 5,000 km (3,100 mile) journey on Aug.
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Oil Soars 10%
Oil futures jumped 10% on Monday after an attack on Saudi Arabian crude oil processing facilities over the weekend sliced the kingdom's production in half and threatened to hamper shipments from the world's largest crude exporter.Prices initially surged more than 20% after the open on Sunday evening…
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Middle East Risks Keep Oil Prices High
Oil lost some of its big price rises today as the US announced the possible release of crude reserves but the possibility of military action in response to the drone attacks on Saudi oil facilities still means prices are high and that stocks are under pressure. Equity market losses…
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Saudi Aramco Pursues IPO Planning Despite Attack
Saudi Aramco is pressing ahead with its listing plans this week, although some investors and analysts doubt it can now meet its timeline as it has not said when oil output will be restored after attacks on its facilitiesReuters has reported it could take months for Aramco, the world's biggest oil firm…
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ExxonMobil Looks to Sell Australian Assets
Exxon Mobil Corp said on Wednesday it was looking to sell its 50% stake in the Gippsland Basin oil and gas development in Australia's Bass Strait as part of a broader review of its global portfolio of assets.The sale could fetch up to $3 billion, however decommissioning costs for the ageing fields could dent the price tag…
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U.S. oil production remains near record high
U.S. crude production remained close to a record level in June but growth has slowed significantly since the end of last…
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Offshore Wind Conference Set for SUNY Maritime
The Center of Excellence for Offshore Renewable Energy at the State University of New York Maritime College and the Maritime…
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German Trains to Run on Offshore Wind
German Rail (Deutsche Bahn – DB) has closed Germany’s first power purchase agreement (PPA) to buy electricity from an offshore…
Latest news
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ERE Opens 104MW Windfarm in Serbia
Israel-based renewable energy projects developer Enlight Renewable Energy (ERE) along with its Serbian partner New Energy…
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KOMIPO, Petronas Ink LNG MoU
Korea Midland Power (KOMIPO) has signed a memorandum of understanding (MOU) on business development and cooperation in the…
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GreenSteam Acquires BMT Smart
Denmark-based GreenSteam, a majority owned company of BP, has acquired BMT’s data collection and performance optimisation…
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MAN Energy Joins Green Vessel Coalition
MAN Energy Solutions has joined a new climate grouping, dedicated to developing zero-emission vessels by 2030 in connection…
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OGCI Invests in Wind Power for Ships
OGCI Climate Investments has led an EUR 8 million investment round in Norsepower, along with current investors, to accelerate…
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Ireland to Freeze New Offshore Oil Exploration Licences
Ireland plans to freeze the issuing of new exploration licences for oil in Irish waters but not for gas, Prime Minister Leo…
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Swiss Prosecutors Aid Italian Oil Corruption Probe
Switzerland's top court has allowed Geneva prosecutors to share with Italy material they seized more than three years ago…
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Oil Companies Push Carbon-capture Efforts
A group of 13 major oil companies charted out a plan on Monday to promote investments in carbon capture, use and storage (CCUS)…
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Petrobangla Gets 1st Q-Flex LNG cargo from Qatargas
Qatargas made its first liquefied natural gas (LNG) cargo delivery (LNG) on a Q-Flex vessel to the Floating Storage and Regasification…
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Equinor, SSE Win Contract for Largest Offshore Wind Project
Equinor and Britain's SSE have won a tender to build three wind farms off Britain, which the Norwegian firm said together…
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UK Launches Offshore Wind Leasing Round
The Crown Estate has launched its Round 4 offshore wind leasing competition for the rights to develop at least 7GW of new…
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McDermott GetsTakeover interest for its Lummus unit
McDermott International Inc said on Friday it received takeover interests for the acquisition of all or part of its technology business Lummus, that c
Offshore Oil & Gas
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More 'Green' Power Needed To Meet Paris 2030 Target
According to DNV GL’s latest energy report ‘Energy Transition Outlook: Power Supply and Use’, eight times more wind and solar…
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Russia: Arctic Offshore Oil Feasible at $130/bbl
The head of Russia's Rosnedra subsoil agency said on Tuesday that the development of the Pobeda (Victory) offshore Arctic…
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#Oi2020: Drill Bit Rescue from 30,000 ft.
Drilling wells more than three miles deep in the late 1960s was something that GHK Company and partner Lone Star Producing…
Shale Oil & Gas
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Flooding Disrupts U.S. Gulf Coast Energy Operations
Energy infrastructure on the U.S. Gulf Coast was hit hard by Tropical Storm Imelda on Thursday, as flooding forced a major refinery…
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Battered U.S. Oil Producers Soar on Saudi Attacks
Shares of U.S. oil and gas companies surged on Monday, as a jump in oil prices in the wake of attacks on Saudi Arabia's oil…
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US Rig Count Slides
U.S. energy firms this week reduced the number of oil rigs operating for a fourth week in a row as producers cut spending…
LNG
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Wartsila Wins US LNG Bunker Vessel Deal
The Finnish technology major Wärtsilä has been contracted to supply its LNG cargo handling system for a new 5400-cbm LNG…
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Woodside in LNG Supply Deal with Uniper
Australian LNG producer Woodside signed a heads of agreement (HOA) with Uniper Global Commodities SE for a long-term (13…
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LNG Cargo Ready Notation for Ethane Carriers
American Bureau of Shipping (ABS), the provider of classification, technical, and regulatory services for the marine industry…
Renewables
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Vestas Gets 34-MW Turbine Order from Norway
The sustainable energy solutions provider Vestas Wind Systems A/S has received a 34 MW order for the Haramsfjellet wind project…
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DNV GL Calls for Action to Meet Paris Climate Target
DNV GL’s Energy Transition Outlook indicates global temperatures rise by 2.4⁰C by end of century. Energy experts identify…
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SE Asia to Expand Floating Solar Set to Grow
Floating solar photovoltaic (PV) panels are making a splash in Southeast Asia. Development of floating solar PV power plants…
Technology
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TenneT, EnBW, Ørsted Pact on Transmission Concept
The European transmission system operator TenneT, German utilities company EnBW and offshore wind specialist Ørsted have…
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Corvus Energy Wins MSA from DNV GL
Corvus Energy, a provider of energy storage solutions for marine, oil & gas and port applications, announced that DNV GL…
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FLNG Innovations Boost Gas Industry Growth
Liquefied natural gas (LNG) technologies, such as floating LNG (FLNG) innovations, driven by its shorter construction lead…
Legislation
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Mexico, Pemex to Hedge Oil Output
The Mexican government has said in its 2020 budget proposal that it will maintain a strategy of hedging its oil output against…
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US Judge Rejects Exxon, Shell Nigeria Case
A U.S. judge on Wednesday rejected Exxon Mobil Corp's and Royal Dutch Shell Plc's effort to revive a $1.8 billion arbitration…
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Bribery Probe Slows Petrofac Sales
Petrofac Ltd on Wednesday reported a fall in first-half order intake and forecast lower 2020 revenue, citing uncertainty…
