World Energy News

OPEC+ Has Oil Price and Demand Problems. It Should Solve Demand

OPEC+ has two problems and two solutions.The first problem is that crude oil prices are too low for the comfort of most of the members of the group, which pulls together the Organization of the Petroleum Exporting Countries (OPEC) and its allies including Russia.The second issue is…
Germany Preps for More FSRU Vessels

Germany is expanding its natural gas import options to replace Russian supply. Following are updates on key facilities and terminals being developed to host floating storage regasification units (FSRUs) to receive seaborne liquefied natural gas (LNG). Plans also include shore-based…
No Subsidies, No Bids: Denmark Largest Offshore Wind Tender Falls Flat

In the wake of Donald Trump's election as U.S. President, all eyes have been trained on the U.S. Offshore Wind market and future, with his promise to stifle the U.S. Offshore Wind market in favor of oil and gas. But a recent lackluster performance from a leading Scandinavian country…
OPEC+ Passes on Oil Output Increase, Weighs the "Trump Effect"

It was likely a fairly easy decision for OPEC+ to once again delay plans to increase oil output.The soft state of global demand is by itself sufficient reason to justify the decision at this week's meeting of the group to defer winding back some of its production cuts until at least…
Alaska sues Biden Administration over ANWR Leases

The U.S. state of Alaska has sued the Biden administration for what it calls violations of a Congressional directive to allow oil and gas development in a portion of the federal Arctic National Wildlife Refuge (ANWR).Monday's lawsuit in the U.S. District Court in Alaska challenges…

Latest news

Offshore Oil & Gas

UK Invests $71M in Scottish Port Expansion for Floating Wind

Britain will invest 55.7 million pounds ($71.45 million) in the Port of Cromarty Firth in Scotland to expand the facility to become a hub for floating offshore wind, the government said on Wednesday.Britain has a target to largely decarbonize its electricity sector by 2030 which will require a huge ramp up in renewable power like offshore wind.Using floating turbines, that are not fixed to the seabed like traditional wind farms, allows the projects to be much deeper out at sea, making them less

Shale Oil & Gas

Eni sells stakes to Vitol in upstream projects in Ivory Coast and Congo

The Italian energy group Eni announced on Wednesday that it had agreed to sell its stakes in the upstream assets of the Ivory Coast, and the Republic of the Congo, to the global energy trader Vitol. Eni stated that the deal is worth $1.65bn based on an appraisal from January 1, 2024. However, there will be a cash payment at closing. Eni announced that Vitol would acquire an interest on oil and gas producing assets, and blocks, which are undergoing exploration appraisal and development.

LNG

Germany builds up LNG import terminals

Germany is expanding its natural gas import options to replace Russian supply, a drive intensified by the latest suspension of Russian flows via Ukraine and U.S. President Donald Trump targeting Europe with liquefied natural gas exports.Plans also include shore-based regasification terminals and facilities to import and produce ammonia and green hydrogen under decarbonization strategies. A synopsis…

Renewables

Sources: Masdar, the UAE's solar energy company, is in negotiations with Endesa for a $200 million deal.

According to a document and two sources who are familiar with the matter, Masdar Abu Dhabi Renewable Energy Company and Endesa Spanish Power Utility are close to a deal in which Masdar would pay approximately $200 million for a 49% stake in Endesa's solar portfolio. The agreement for the approximately 450 megawatts portfolio would build on the partnership that already exists between the two companies, and further expand Masdar’s operations in Spain.

Technology

Nel, Kvaerner Pact on Green Hydrogen

Norwegian renewable energy firm Nel ASA has entered into a strategic agreement with the compatriot engineering and construction services company Kværner to collaborate on green hydrogen projects and the standardization of solutions for large scale hydrogen production plants.In the agreement, the companies have identified a range of projects on which to collaborate on moving forward. Work has already been initiated in order to jointly develop a standardized 20 megawatt H2 production module…

Legislation

Protecting Employees in High-Risk Environments

For any business, ensuring the health and safety of its employees should be the number one priority – what is more, it’s a legal requirement.This is especially true when a company has employees that need to work alone. Whether it be in construction, healthcare or the public sector, lone workers face unique risks and challenges that those working in a team often don’t experience. Therefore, proactive…

OPEC+ Has Oil Price and Demand Problems. It Should Solve Demand

Germany Preps for More FSRU Vessels

No Subsidies, No Bids: Denmark Largest Offshore Wind Tender Falls Flat

OPEC+ Passes on Oil Output Increase, Weighs the "Trump Effect"

Alaska sues Biden Administration over ANWR Leases

OMSI to Oversee Submarine Cable Installations for Belize's Energy Infrastructure

US LNG Export Dominance Tested as Europe's Demand Wilts

How Trump will try to undo Biden's environmental legacy

Latest news

Russell: OPEC and IEA are focused on China's oil demand but it is the crude imports that matter.

Ecopetrol executive: We are looking to expand our in-house energy production to include wind power.

EIA: Alaska crude oil production will grow in 2026 for the first time since 2017.

Thyssenkrupp CEO: We can't guarantee that the $3.3 billion green steel plant will be cost-effective.

Uzbekistan introduces tariffs on raw material exports before joining WTO

Palm prices end higher due to Indonesia's increased levy and weak Malaysian production

Copenhagen Infrastructure Partners closes third offshore wind project with Taiwan

Prices of gas in Europe rise following agreement on energy ceasefire

Dutch Firms Cement Offshore Wind Collaboration

Follow This, a BP activist investor, urges voting against Chair Lund on energy transition

Siemens CFO: Political uncertainties are affecting customer decisions

Trump hosts top US oil executives as trade wars threaten

Offshore Oil & Gas

UK Invests $71M in Scottish Port Expansion for Floating Wind

Baker Hughes: US oil & gas rig count at lowest since Dec 2021

RODA responds to Trump EO on Offshore Wind & Permitting

European firms exposed as Trump targets US offshore wind

Shale Oil & Gas

Eni sells stakes to Vitol in upstream projects in Ivory Coast and Congo

Japan Gas Industry Head: Higher US LNG Imports Must be Mutually Beneficial

Bloomberg News reports that Trump will approve Venture Global LNG exports to Louisiana from the project.

Qilak LNG is Alaska's smaller natural gas project. It wants to play a part in Trump's Asia push.

LNG

Germany builds up LNG import terminals

Trump's complaint about the trade deficit with EU and what could come next

US NatGas Demand Could Hit Record High

US NatGas up as LNG feedgas rises, Frigid Temps Forecast

Renewables

Sources: Masdar, the UAE's solar energy company, is in negotiations with Endesa for a $200 million deal.

The head of Trump's Energy Loan Office departs this week

China's energy administration reports that China's power consumption in January-February was up 1.3% compared to the previous year.

New Zealand rejects Contact Energy's Wind Farm Project

Technology

Nel, Kvaerner Pact on Green Hydrogen

Alphabet Winds Down Makani

CMA CGM Joins Energy Observer in Hydrogen Project

Toshiba Delivers Fuel Cell System to Ship

Legislation

Protecting Employees in High-Risk Environments

VLCC Rates Spike as US Sanctions Bite

USDoI: ANWR Drilling Auction Yields no Bids

Additional Sanctions Possible for Russian Oil tankers

Medical Services Officer

Damage Control Officer- Mixed Work Schedule

Third Officer - Mixed Work Schedule

Second Officer

Second Officer - Mixed Work Schedule