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Innogy Sells Stake in $2.6 Bln Offshore Wind Project
German energy group Innogy will sell a 41 percent stake in its 2 billion pound ($2.6 billion) offshore wind farm Triton Knoll to Japan's Electric Power Development Co and Kansai Electric Power Co, it said on Monday.The move helps Innogy secure funding for the project, which will result in one of Europe's largest offshore wind farms…
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Mexico's Obrador Pledges More Than $11 Bln for Refineries
Mexican President-elect Andres Manuel Lopez Obrador said on Monday his administration will invest more than $11 billion to boost refining capacity in order to curb growing fuel imports.Lopez Obrador, who will take office on Dec. 1, told reporters his government plans to invest $2.6…
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BP Offloads Last Two Stranded Oil Cargoes in China
Oil major BP on Tuesday offloaded about 1 million barrels of Angolan crude from supertanker Olympic Light to an independent Chinese refiner after holding the oil at sea for about three months, people with knowledge of the discharge said on Wednesday.The oil had been aboard one of…
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Woodside Petroleum Half-year Profit Rises
Australia's Woodside Petroleum Ltd said on Wednesday that its first-half net profit rose 6 percent and it raised its 2018 production outlook after strong performances from its Wheatstone and Pluto LNG projects.For the 2018 fiscal year, Woodside said it now expects fiscal 2018 production…
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Signs of Recovery in the US Gulf of Mexico
Today's U.S. auction of Gulf of Mexico exploration leases drew tepid response from oil companies, but marked notable progress for an industry still in a state of recovery.“While not a barn burner, Lease Sale 251 tops the previous Gulf sale in terms of increased participation, increased competition for offerings…
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Seaborne LPG Trade Rebounds: Dorian LPG
Seaborne LPG trade rebounded in the second calendar quarter of 2018 thanks to heavy lifting schedules in the Middle East and the United States…
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US drillers add most oil rigs since May
U.S. energy companies this week added the most oil rigs since May as drillers follow though on plans to spend more on exploration…
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China Move to Drop Crude off Tariff List a Relief for Sinopec
China's decision to remove crude oil from its latest tariff list in an escalating trade war with the United States was a…
Latest news
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U.S. Energy Chief Applauds Mexico's Plan to End Fuel Imports
U.S. Energy Secretary Rick Perry praised the goal set out by Mexico's incoming president to end massive gasoline and diesel imports…
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Swiss Utility in Talks to Buy LNG from Canada's Goldboro Project
Axpo, a Swiss utility and energy trader, said on Thursday it was in talks for a 10-year supply deal with a Canadian company…
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Federal Judge Orders Keystone XL Pipeline Review
A federal judge in Montana on Wednesday ordered the U.S. State Department to do a full environmental review of a revised…
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Oil Steadies but Outlook for Demand Grows Gloomy
Oil rose as global markets steadied on Thursday, recovering some of the previous day's 2 percent slide, though a weakening…
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Fuel Markets Confirm Global Growth Slowdown: Kemp
If the global economy starts to grow more slowly, the impact will show up first in the price of refined fuels such as road diesel…
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Circulation Tool Helps Operators Cut Rig Time
With more than 1600 runs and 730 activations, operators across the globe are cutting rig time by deploying the DAV MX CircSub…
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Petrofac Hires Chief Digital Officer
Petrofac has appointed Fady Sleiman Chief Digital Officer as the oilfield services company continues its digital transformation.
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Oil Companies Make Few Bids in US Offshore Lease Auction
Oil companies bid on less than 1 percent of the parcels offered in a sweeping U.S. auction of Gulf of Mexico exploration leases on Wednesday…
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IMCA Issues Reactivation of DP Vessels After Layup Information Note
Following a period of improving industry metrics during 2017, the International Marine Contractors Association (IMCA) has…
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Ampelmann Wins North Sea Contracts
Ampelmann has strengthened its position in the North Sea this year after being awarded four new contracts and two extended…
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Seabed Geosolutions Wins GoM Extensions
Seabed Geosolutions, a joint venture between Fugro and CGG, has secured an extension to a recently awarded 4D ocean bottom…
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En+ Considers Move to Russia's New Offshore Zone
En+ Group, hit by U.S. sanctions against Russia in April, said on Thursday it was investigating the possibility of re-domiciling…
Offshore Oil & Gas
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Stena Drilling Streamlines Safety Equipment with VIKING
U.K.-based offshore drilling company Stena Drilling has placed a significant part of its safety equipment and servicing management…
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Heijermans Joins Boskalis Management Board
During today's Extraordinary General Meeting of Shareholders, Bart Heijermans was appointed to the Board of Management of…
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Aker Solutions to Supply Umbilicals for Liuhua FPSO
Aker Solutions said it has been contracted to deliver power umbilical systems to China National Offshore Oil Corporation's…
Shale Oil & Gas
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Diamondback Energy Shares Drop on $9.2 billion Deal for Shale Rival
Diamondback Energy Inc shares fell 10 percent early on Wednesday following the U.S. oil and gas producer's all-stock, $9.2…
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Colombia's Ecopetrol to Invest Up to $3.5 bln in 2018
Colombia's state-run oil company Ecopetrol said on Wednesday it will invest $3 billion to $3.5 billion during 2018, less…
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Oil Falls on Weaker Economic Outlook, U.S. Stocks Rise
A weaker global economic growth outlook and a report of rising U.S. crude inventories weighed on oil prices on Wednesday, even as U.S.
LNG
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Sovcomflot's Pskov Loads First Cargo from Yamal LNG
The liquefied natural gas (LNG) carrier Pskov completed loading at the Port of Sabetta (YNAD), with the first cargo of LNG…
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Yamal LNG Commissioned in Record Time
Russia’s PAO Novatek has launched a second liquefied natural gas (LNG) production train at its plant on the Yamal peninsula…
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Gas to Become World's Primary Energy Source by 2035
Oil and gas will be crucial components of the world’s energy future, according to DNV GL’s forecast of the energy transition.
Renewables
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Orsted Buys US Onshore Wind Developer LCE
Danish energy group Orsted has agreed to buy U.S. onshore wind farm developer Lincoln Clean Energy (LCE) in a $580 million deal…
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Energa Considers Offshore Wind Farm Projects
Poland's state-run utility Energa is interested in developing offshore wind farm projects, the head of Energa's generation unit Piotr Meler told a pre
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Siemens Gamesa, Van Oord win $580 mln Dutch wind farm contract
Wind turbine maker Siemens Gamesa and Dutch marine contractor Van Oord said on Friday they have won a contract worth more…
Technology
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Trelleborg's Safepilot for Shell's Brent Data Decommissioning Project
SafePilot from Trelleborg’s marine systems operation helped to pilot Allseas’ 200 meter-long barge, Iron Lady, from the Tees…
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CWT Solar Project in Port of Amsterdam
More than 41,000 solar panels will generate sustainable energy in the Port of Amsterdam for logistics services provider CWT.
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Enpro Subsea Supports First Oil for LLOG Exploration in Gulf of Mexico
In June, LLOG Exploration delivered first production from its Crown and Anchor field in the Gulf of Mexico. This milestone…
Legislation
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Nord Stream 2 Seeks Alternative Route to Avoid Danish Waters
The Russia-led Nord Stream 2 consortium said on Friday it has applied to Denmark for an alternative gas pipeline route through…
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Venezuela Dodges Oil Asset Seizures with Export Transfers at Sea
Venezuela's state-run oil company PDVSA has limited the damage from an unprecedented slump in crude exports by transferring…
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Fred. Olsen Energy edges closer to financial restructuring
Norwegian drillship and rig operator Fred. Olsen Energy, owner of the yard that built the RMS Titanic, is considering a debt…
