World Energy News

Energean Power FPSO Hull Leaves China

Mediterranean Sea-focused oil and gas company Energean Oil and Gas has informed that its Energean Power FPSO Hull sailed away from the COSCO yard in China on Friday, April 3, 2020.The hull will now be towed to the Sembcorp Marine Admiralty Yard in Singapore, where the topsides will…
Update: Brent Oil Rises above $32 on Hopes of Output Deal

Benchmark Brent crude oil futures rose as high as $33.05 a barrel on Friday on rising hopes of a new global deal to cut global crude supply.Brent crude futures were up 9.3%, or $2.79, at $32.73 a barrel by 1014 GMT. Brent soared as much as 47% on Thursday for its highest intraday percentage gain on record.
OPEC+ Debates Biggest Ever Oil Output Cut as Virus Destroys Demand

OPEC and allies are working on a deal for an unprecedented production cut equivalent to around 10% of global supply, an OPEC source said after U.S. President Donald Trump called on oil nations to stop the oil rout caused by the coronavirus pandemic. The meeting of OPEC and allies such as Russia has been scheduled for Monday…
Subsea 7 Scores 'Sizeable' Offshore Wind Deal in Germany

Offshore installation and construction company Subsea 7 has said it has won a sizeable contract - meaning worth between $50 million and $150 million, for work on a wind farm offshore Germany.Subsea 7 said Friday the contract was with innogy Kaskasi for the Kaskasi offshore wind farm project…
RWE Sanctions 342 MW Offshore Wind Farm Project

RWE, Europe's third-largest renewables group, has taken a final investment decision for a 342 megawatt wind project off the German coast, its green energy unit said on Friday.Contracts worth more than 500 million euros ($539 million) have been signed for all major components of the Kaskasi project…

Latest news

Offshore Oil & Gas

Oilfield Equipment and Services Spending to Fall to 2005-Low

Global spending on oilfield equipment and services this year will fall 21% from 2019 to $211 billion, the lowest level since 2005, according to a report to be released on Wednesday by consultancy Spears & Associates, as oil and gas producers slash spending.The decline comes as the coronavirus pandemic has crushed oil and gas demand, and Saudi Arabia and Russia pump full bore in a grab for market share that has shale producers reeling. U.S.

Shale Oil & Gas

Brent's Fall Creates Steepest Contango in 11 Years

The discount on front-month Brent crude oil futures to later contracts increased to an 11 year high on Thursday, as the coronavirus pandemic continued to cause an unprecedented slump in global demand. The spread on the May to November contracts had widened to as much as minus $10.31 per barrel at 1004 GMT, a level not seen since January 2009. The so-called contango market structure implies traders expect oil prices to be higher in the future…

LNG

Yamal LNG Resumes Loading Operations in Norway

Yamal LNG, controlled by Russia's largest liquefied natural gas (LNG) producer Novatek, is resuming ship-to-ship transfers in Norway, Novatek said on Monday, after plans to shift the operations to Russia fell through due to coronavirus.Novatek suspended transfers in Norway in June last year due to what it termed "pressure from the West".According to Refinitiv Eikon data, the Arc7 tanker Vladimir Vize is due to arrive at the Norwegian Arctic port of Honningsvag on April 1…

Renewables

Borssele Beta Topside Sails Away

Dutch state-owned grid operator Tennet has informed that the Borssele Beta offshore substation has sailed away to the Borssele Area in the Dutch North Sea, where it will be placed on a subsea jacket by a crane vessel later this week.The topside is 25 meters high, 58 meters long and 32 meters wide, and it weighs 3,650 tonnes.The Borssele Beta offshore transformer platform, will provide access to the electricity produced by the offshore wind farms Borssele III…

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

Ransomware: The IT Danger on the Horizon

Two decades into the 21st century, we’re seeing a growing and pernicious threat to global information security: ransomware. Even non-technical folk have loosely heard of it, but the broader implications haven’t yet penetrated the public consciousness. In different industries, that general lack of awareness could be a big problem—and the maritime sector is a good example.Ransomware hits at the confluence…

Energean Power FPSO Hull Leaves China

Update: Brent Oil Rises above $32 on Hopes of Output Deal

OPEC+ Debates Biggest Ever Oil Output Cut as Virus Destroys Demand

Subsea 7 Scores 'Sizeable' Offshore Wind Deal in Germany

RWE Sanctions 342 MW Offshore Wind Farm Project

RWE Enters Taiwanese Offshore Wind Market

While Oil Prices Plummets, Tanker Rates Fly High

Oil Economics: Freight Rate Surge Cuts into Trader's Profits

Latest news

EU Funds Floating Wind Turbine Project in Norway

Oil Posts Biggest One-day Gain After Trump Touts Saudi-Russia Deal

Centrica Pauses Spirit Energy Sale, Scraps Dividend. Shares Hit Record Low

Vattenfall Pulls Out of Dutch Offshore Wind Tender

Oil Storage at Sea Approaching Record Levels

Belgium: Offshore Wind Farms Break Record

BP Cuts Spending by Quarter, Lowers Oil production

Deutsche Bucht Offshore Wind Project Fully Complete

Chinese Buyers Snap Up U.S. Oil Purchases at Widest Discounts Ever

Minesto Gets OK for Tidal Kite Installation in Faroe Islands

COVID-19 Oil Demand Hit Renders OPEC+, Trump Actions Irrelevant

Opinion: COVID-19, Climate Change ... & Changing the World, Together

Offshore Oil & Gas

Oilfield Equipment and Services Spending to Fall to 2005-Low

Huisman Crane for Penta-Ocean's Wind Turbine Installation Rig

Abu Dhabi's Gulf Marine Services Reaches Debt Restructuring Deal

ABS to Class Silver Eagle's New Jack-Ups

Shale Oil & Gas

Brent's Fall Creates Steepest Contango in 11 Years

Brent Crude Drops to $26.35. Outlook Bleak

Origin Energy to Defer Shale Drilling in Australia

Libya says Probe of Seized Tanker to Start After Quarantine

LNG

Yamal LNG Resumes Loading Operations in Norway

Shell to Exit Lake Charles LNG Project

Fully Laden LNG Tankers Sit Idle Off Indian Ports after Force Majeure

Indian LNG Importers Issue Force Majeure Notices

Renewables

Borssele Beta Topside Sails Away

Seajacks Clinches Japanese Offshore Wind Farm Gig

FairWind Completes 59 Transition Pieces for Borssele 1+2 OWF

Vestas Scores More Offshore Wind Farm Work in Vietnam

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

Ransomware: The IT Danger on the Horizon

Venezuelan Detains More than 30 PDVSA Workers

US to Warn Shipping Industry Against Storing Iranian Oil

UKCS Mediation Pilot Launched

Medical Services Officer

Deck Engineer Machinist

Electronics Technician

Pumpman

Ship Communications Officer (IAM)

Press Releases

Ontario Energy Association recognizes outstanding industry achievements with the 2018 OEA ENERGYAWARDS

Internet of Things Company, Seluxit, Prepares Listing on Nasdaq

Velvet Energy and Iron Bridge Resources Announce Successful Tender and Take-up of 81.98% of Iron Bridge Common Shares