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Chestnut Field Extended Up to Three Years
Partners Spirit Energy and Dana Petroleum will invest £140 million ($177 million) to extend the life of the Chestnut field in the UK North Sea by as much as three years.The companies announced on Friday that they reached a deal with Teekay to extend the employment of the Hummingbird Spirit floating production…
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Solvberg Appointed NPD Director General
The Norwegian Petroleum Directorate (NPD) has announced the appointment of Ingrid Solvberg as Director for the Norwegian Sea and Barents Sea, replacing Bente Nyland.According to a note from NPD, Sølvberg was appointed by the King in Council on 11 October. The Ministry of Petroleum…
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UK to Account for 35% Offshore Wind in Europe
The UK will account for 35% of the growth in offshore wind over the next five years, followed by the Netherlands and Germany, said , according to WindEurope’s new ‘Wind Energy Outlook to 2023’.In the next five years 22 GW of wind energy capacity will reach the end of its normal operational life (20 years).
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Small Scale FSRU: Think Smarter Not Bigger
The global search for lower carbon forms of energy and demand for cost-effective ways to serve power demand in emerging markets and remote locations is driving interest in floating storage and regasification units (FSRU).FSRUs are a faster and more flexible way to import natural gas to power-constrained places…
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Offshore Wind & Politics: Joe Biden
Offshore wind is hot, and so too is the race to win the Democratic presidential candidate nomination for the 2020 U.S. presidential election. In its October 2019 edition of Marine Technology Reporter, government reporter Tom Ewing takes a closer look at each of the Dem candidates…
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Iranian Tanker Hit by Missiles, Oil Rises
Oil prices jumped more than 2% on Friday, October 11, 2019, after Iranian media said a state-owned oil tanker had been struck…
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FERC Approves Plaquemines LNG Facility
The US Federal Energy Regulatory Commission has approved the construction of Venture Global's proposed $8.5 billion Plaquemines…
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U.S. Drillers Cut Rigs Again: Baker Hughes
U.S. energy firms this week reduced the number of oil rigs operating for a seventh week in a row as producers follow through…
Latest news
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Angola Hopes Reforms Will Aid Oil Assets Sales
Angola is hoping sweeping economic reforms will smooth an ambitious plan to sell key state assets, including stakes in oil company Sonangol…
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Baker Hughes Finalizes Name Change
Baker Hughes has officially dropped GE from its name after the industrial conglomerate shed majority ownership in the oilfield…
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Santos Posts Record High Output
Australia's number two independent gas producer Santos Ltd on Thursday said third-quarter production and sales volumes peaked to record levels…
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Woodside Targets Scarborough FID in Early 2020
Woodside Petroleum Ltd has pushed out the final approval date for its mammoth Browse gas project but slightly brought forward…
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Kinder Morgan's Elba Island LNG up by mid-2020: CEO
Kinder Morgan expects to bring the remaining nine units of its liquefied natural gas (LNG) export facility at Elba Island…
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Shell Aims to Operate Egypt Concessions in 2020
Royal Dutch Shell is aiming to start operating in its concession areas in Egypt in the second half of 2020, a senior executive…
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Offshore Wind Cable Market to Grow 57% by 2023
The value of the global market for subsea power cables needed to build offshore wind farms will grow by 57% from GBP 717…
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Drilling Activity Buoyant in Norway
The number of wells drilled could challenge all-time high levels by the end of the year in the Norwegian Continental Shelf (NCS)…
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Kawasaki Wins AiP for LNG Floating Power Plant
Japanese manufacturer of transportation equipment and machinery announced that it has obtained Approval in Principle (AiP)…
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US Leads LNG Liquefaction Capacity Growth
The US is forecast to drive new-build, liquefied natural gas (LNG) liquefaction capacity additions globally from planned…
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U.S. Shipping Sanctions Give Boost to EU Refiners
U.S. sanctions imposed last month on subsidiaries of vast Chinese shipping fleet Cosco have given an unexpected boost to…
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Dominion Gets BOEM Nod Virginia OWF
American power and energy company Dominion Energy has received two key determinations from the federal Bureau of Ocean Energy…
Offshore Oil & Gas
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Activists Climb Shell North Sea Platform
Greenpeace activists boarded two Royal Dutch Shell oil platforms in the British North Sea on Monday in protest against plans to leave parts of the gia
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BP Wins Offshore Oil Block in Brazil with $75 mln Bid
BP PLC won the production and exploration rights for Brazil's offshore S-M-1500 block in the Santos Basin on Thursday, paying the government a signing
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Shell Consortium, Petronas Win Oil Blocks Off Brazilian Coast
A consortium of Royal Dutch Shell Plc, Chevron Corp and Qatar Petroleum won oil exploration and production rights in the C-M-713 block off the coast o
Shale Oil & Gas
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Frac Water Demand to Increase 30% by 2022
Frac water demand is expected to increase 30% by 2022, with 53% of that increase taking place in the Permian Basin, said…
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Halliburton Introduces Automated Drilling Telemetry Service
Quick and reliable data transmission enables faster well deliveryOilfield services company Halliburton released a new measurement…
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Oil Prices: Chinese Data Eases Concerns
Oil prices rose today (Monday, September 30) after China’s factories unexpectedly increased production over the past month…
LNG
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Mozambique LNG Project Moves Ahead
With a second Final Investment Decision (FID) in just 2 years, Mozambique has officially positioned itself as a key player…
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Petronas Completes 3rd LNG Break Bulking STS Transfer
Petronas LNG Ltd (PLL), a subsidiary of Petroliam Nasional Bhd (Petronas), has completed its second liquefied natural gas…
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Santos Acquires ConocoPhillips’ Northern Australia Interests
Santos announced it has acquired ConocoPhillips’ northern Australia business with operating interests in Darwin LNG, Bayu-Undan…
Renewables
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Vestas Wins 337 MW Wind Power Order in US
Vestas, a sustainable energy solutions provider, has received an order for 337 MW of V150-4.2 MW turbines and V136-3.45…
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GERE Goes Carbon Neutral
GE Renewable Energy, the renewable energy arm of US industrial technology giant General Electric, announced its plan to make…
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LR to Lead REShiP Project
The maritime classification society Lloyd’s Register has been brought in to coordinate REShiP (Renewable Energy Ship Propulsion)…
Technology
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DNV GL Mulls Digitalization in Wind Energy
Digitalization is already playing a major role in the growth of wind energy, but it can still drive further improvements in operational efficiency…
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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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Fuel Flexibility is Key for Green Shipping
Fuel flexibility and technologies to bridge changing fuel usage have been identified in the Maritime Forecast to 2050 as…
Legislation
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Parsley Energy to buy Jagged Peak Energy for $1.62 bln
Oil and gas producer Parsley Energy Inc said on Monday it would buy Jagged Peak Energy Inc in an all-stock deal valued at about $1.62 billion.Jagged P
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Saudi Aramco IPO Announcement Due 'soon'
The initial public offering (IPO) of state-owned oil producer Saudi Aramco will be announced '"very very soon", Chairman Yassir al-Rumayyan was quoted
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Novatek in Talks on LNG Transhipment
Russia's liquefied natural gas (LNG) producer Novatek is in talks to tranship its Yamal cargoes in Norway or Russia's Murmansk…
