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Norway Wants to Build Floating Wind Farms
Norway's energy minister will meet with companies on Wednesday to discuss the potential construction of offshore floating wind farms, he told Reuters on Friday.The meeting is the first concrete step to spur development of offshore floating power generation, after the government said…
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Norway Awards Oil Permits to 11 Firms in Arctic Licensing Round
Norway has awarded 12 oil and gas exploration licences to Equinor and 10 other companies focused mostly on the Arctic, where Oslo believes it has the greatest potential for significant new discoveries.Nine of the licences are located in the Barents Sea and three in the Norwegian Sea off central Norway…
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Equinor Awards $3.7 Billion Service Deals
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China's Tariffs on US Oil Would Disrupt $1 Bln Monthly Business
China's threat to impose duties on U.S. oil imports will hit a business that has soared in the last two years, and which is now worth almost $1 billion per month.In an escalating spat over the United States' trade deficit with most of its major trading partners, including China, U.S.
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ExxonMobil Considers Importing LNG to Australia
ExxonMobil Corp, southeastern Australia's biggest gas supplier, is considering importing liquefied natural gas (LNG) to help plug a looming gas shortage from 2021 and protect its market share.The move would compete with plans by both Australia's no.2 energy retailer AGL Energy to…
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Shell Feeds Gas to Australia's New Prelude FLNG
Royal Dutch Shell has introduced gas to its 490 meter (1,600 ft) long Prelude floating liquefied natural gas (FLNG) unit…
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Exxon Starts Drilling at Offshore Guyana Projects
Exxon Mobil Corp said it has commenced development drilling in the first of three offshore Guyana projects, which could produce more than 500…
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OPEC Output Hike Will Squeeze Oil Buffer to Historic Lows
The oil industry will face the biggest squeeze on its spare production capacity in more than three decades if OPEC and its…
Latest news
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Oil Rises Ahead of OPEC, Pressured by China Tariffs
Oil prices rose on Monday ahead of an OPEC meeting this week and as investors assessed the impact of a trade dispute between…
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Asian Shares, Oil Fall as US-China Trade Spat Escalates
Asian shares fell to a 2-1/2 week low on Monday after U.S. President Donald Trump cranked up trade tensions by going ahead…
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Al-Iraqia Shipping Commences Bunkering Operations in Iraq
Al-Iraqia Shipping Services & Oil Trading (AISSOT) is shortly commencing bunkering operations at Iraqi Ports mainly at Basra…
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Race Bank Offshore Wind Farm Officially Opens
A new offshore wind farm officially opened this week that is capable of powering over half a million U.K. homes.The Race…
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US Announces $18.5 Mln for Offshore Wind Research
The U.S. Department of Energy (DOE) announced today that $18.5 million has been made available for offshore wind research…
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SandRidge Says Approached by 17 Potential Buyers, Including Icahn
SandRidge Energy Inc said on Friday it had been approached by 17 potential bidders for a buyout, including billionaire Carl…
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Equinor Buys 25% Stake in Brazil’s Roncador Oil Field
Equinor and Petrobras have completed their transaction announced in December 2017, whereby Equinor has acquired a 25 percent…
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China Ramping Up Renewable Power
China will ramp up electricity generated by renewable energy this summer and give priority to residential use as some regions…
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Fugro Tallies ROV Services Contracts with Petrobras
Fugro said it has been contracted to provide remotely operated vehicle (ROV) services to support Petróleo Brasileiro S.A.
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Aker Solutions Teams Up with SAP on Digitalization
Aker Solutions said it will move its internal SAP applications to SAP's cloud in a move that aims to improve operations,…
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Centrica, Tokyo Gas Break Mold in Mozambique LNG Deal
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Natgas Pipeline Catches Fire in Kansas
Offshore Oil & Gas
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Cairn Buys Into Seacrest-backed British North Sea Oilfield
Cairn Energy has bought a 50 percent stake in the Agar-Plantain oilfields in the British North Sea from Azinor Catalyst,…
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Danos Wins Shell Contract
Royal Dutch Shell subsidiary Shell Exploration and Production Company has awarded a contract to Danos to provide coatings…
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EIA: Oil Barrel Price Steady Around $70
EIA expects Brent prices will average $71 per barrel in 2018 before declining to $68 per barrel in 2019. In the June 2018…
Shale Oil & Gas
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Oil Falls $2 a Barrel Ahead of OPEC Meeting
Oil prices fell sharply Friday, with benchmark Brent crude dropping more than $2 a barrel ahead of an OPEC meeting in Vienna…
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Natgas Pipeline Catches Fire in Kansas
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No Signs of Oil Shortage After Drop in Spending -BP CFO
BP does not yet foresee a shortfall in oil supplies in the coming years due to a fall in investments across the sector, the…
LNG
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AGL Energy Inks Deals for LNG Import Jetty
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Nine People Injured in China Gas Pipeline Blast
A gas pipeline exploded late on Sunday in China's southwestern province of Guizhou, seriously injuring nine people, official…
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Sibur Says New Gas Chemical Complex Will Cost up to $8 Bln
Russian petrochemical company Sibur said its plans to build a gas chemical complex in Russia's Far East will require preliminary…
Renewables
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New Hires Boost RCG US Team
The Renewables Consulting Group (RCG), has announced the appointment of several new hires in its New York office to support…
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Batteries hasten winds of change for electricity stocks
Bigger, better batteries are speeding up change in the U.S. electricity sector and could help power a rally in Xcel Energy Inc…
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Researchers Set Out to Future-proof Offshore Wind Turbine Monopiles
A new research project aims to improve the design of scour protection around offshore wind turbine monopiles, as well as…
Technology
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Acciona Gets DNV GL Certification
Acciona Energia, the biggest global operator exclusively in renewable energies, received the first ever prototype certificate…
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Op/Ed: Connecting to the Future of Offshore
120 miles out at sea, 6,000-horsepower devices lift drilling equipment weighing up to 3 million pounds out of holes lying 10…
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ABS Issues First MPD-rReady Notation
ABS announced it has awarded the world’s first Managed Pressure Drilling (MPD) – Ready Notation to Ocean Rig for the ABS…
Legislation
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Venezuela Frees Chevron Executives Held Since April
Venezuela has released two local executives of U.S. oil major Chevron Corp jailed since mid-April during a corruption probe in the oil sector…
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PDVSA Raises Prospect of Force Majeure on Oil Exports
OPEC member Venezuela has raised the prospect of declaring force majeure on contracts with major crude buyers amid plummeting…
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Algeria Hires U.S. Law Firm Curtis for New Energy Law
Algeria has hired U.S. law firm Curtis, Mallet-Prevost, Colt & Mosle LLP and other consultancies to help with a new energy…
