World Energy News

Majors Press Mexico to Resume Oil Auctions

Big oil companies operating in Mexico have launched a drive to convince leftist President Andres Manuel Lopez Obrador to resume auctions of oil and gas contracts he has branded a failure in reviving the industry.Chevron Corp, Exxon Mobil Corp and Royal Dutch Shell Plc, among other firms in Mexico's Association of Hydrocarbon Companies (Amexhi)…
Timeline: Saudi Aramco's Winding Road to IPO

State-run oil giant Saudi Aramco has priced its initial public offering (IPO) at the top of its indicative range, making it the world's biggest flotation by raising more than Alibaba's $25 billion listing in 2014.Here are key events in the Saudi state oil giant's planned stock market debut.Dec 5…
Saudi Aramco Sets Record $25.6 Bln IPO

State-owned oil giant Saudi Aramco's initial public offering (IPO) will be the biggest in history, but will fall short of the towering $2 trillion valuation long sought by Crown Prince Mohammed bin Salman.Aramco priced its IPO at 32 riyals ($8.53) per share, the top of its indicative range…
Oil Consumption Tracking is All About Asia

Oil market analysts must make sense of a bewildering array of statistics about production, consumption and inventories, compiled and published with varying definitions and degrees of accuracy and timeliness.The challenge is to form an accurate and nuanced picture of the whole market capable of generating useful forecasts…
Offshore Wind: Decisions Needed Sooner, not Later

On September 26, the State University of New York Maritime College hosted a conference on the emerging east coast offshore wind industry. “Offshore Wind Power, Planning for America’s Ocean Energy” focused on four fundamental topics:• East Coast Wind Farm Overview – Status of the Industry.•…

Latest news

Offshore Oil & Gas

Cable Protection System for WindFloat Atlantic Project

First Subsea has delivered a beach landing Cable Protection System for the export cables on the 25MW WindFloat Atlantic project.The project is located 20 kilometers off the coast of Viana do Castelo in Portugal.Hengtong Group was contracted through its Submarine Business Units to deliver the export cable for the beach export system which was installed on schedule by its contractor DeepOcean at the end of June 2019.

Shale Oil & Gas

Oil Jumps 4% on U.S. Stockpiles Drop

Oil prices surged 4% on Wednesday on expectations that OPEC and allied producers would extend production curbs, and as U.S. government data showed a large drop in domestic crude stockpiles.Brent crude futures were up $2.44, or 4%, at $63.26 a barrel by 11:09 ET (1609 GMT). U.S. West Texas Intermediate (WTI) crude futures were up $2.38, or 4.2%, at $58.48.The Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia…

LNG

Ocean LNG Leads in Contracted Capacity

Ocean LNG has dominated in terms of long-term liquefied natural gas (LNG) import volumes for contracts signed by key purchasing companies for the year 2019, with almost 47% of the global contracted capacity.According to a report by GlobalData, Ocean LNG signed the biggest long-term LNG contract for 2019 with Golden Pass Products. According to the contract, Golden Pass Products will supply Ocean LNG with 15.6 million tonnes per annum (mtpa) of LNG for a period of 20 years…

Renewables

SGRE Raises $1.6Bln in ‘Green’ Credit

Siemens Gamesa Renewable Energy (SGRE) has announced that, in less than a year, it has accumulated €1.48 billion ($1.6Bln) in green guarantee lines.The turbine maker has just completed a deal with Societe Generale to convert a 230 million euro guarantee line to "green”. This is the third green guarantee line that Siemens Gamesa has arranged so far this year, in addition to 1.25 billion euro arranged…

Technology

GEO Installs Ulstein Blue Box in 2 Vessels

The Norwegian ship owner Golden Energy Offshore has decided to install Ulstein Blue Box on two of their vessels.The offshore service vessels for the global oil and gas service industry quoted ship owner Per Ivar Fagervoll as saying: “With Blue Box we will manage to reduce our fuel consumption and environmental footprint further, which is very important to us.”Golden Energy Offshore is actively pursuing environmental friendly solutions, and has a green profile.

Legislation

Former China Energy Chief Jailed for Life

Former head of China's National Energy Administration Nur Bekri has been sentenced to life in prison for accepting bribes, China's Supreme People's Court said on Monday.The court said in a statement published on Chinese social media platform Weibo that Bekri confessed his crimes while on trial.Bekri, once one of the highest-ranking ethnic Uighur officials in China, was accused by the anti-corruption body of receiving bribes and demanding provision of luxury sedans and chauffeur services for his

Majors Press Mexico to Resume Oil Auctions

Timeline: Saudi Aramco's Winding Road to IPO

Saudi Aramco Sets Record $25.6 Bln IPO

Oil Consumption Tracking is All About Asia

Offshore Wind: Decisions Needed Sooner, not Later

Saudi Aramco Shares to Start Trading Dec. 11

Sapura Energy Secures New Order

SGRE's 1,000th Offshore Wind Turbine Up

Latest news

U.S. Drillers Add Rigs for first Week in Eight

LNG Suited for Select VLCC Routes

PTTEP Charters Energy Drilling for Arthit Gig

Norway's Oil Production Up in November

Chevron: GoM Anchor Project Needs $5.7 bln

Liberia Lines Up 2020 Offshore Licence Round

Yamal LNG Gets All 15 Arc7 Ice-Class Tankers

Wison Begins Arctic LNG 2 Project

Enabling AI in E&P

Malaysian State Open to Buying Petronas Stake

K2 Advices Creyke Beck A & B OWFs

Chevron Plans Assets Sale

Offshore Oil & Gas

Cable Protection System for WindFloat Atlantic Project

Offshore: OSV Market Report

Rever Completes North Sea Decom Project

Ørsted, Covestro Ink World's Largest Offshore Wind PPA

Shale Oil & Gas

Oil Jumps 4% on U.S. Stockpiles Drop

Croatia Awards Licence to INA for Gas and Oil Exploration

Oil Steadies After Brief Slide

U.S. Drillers Cut Rigs for 12th straight Month

LNG

Ocean LNG Leads in Contracted Capacity

Milorad Doljanin New CEO of Avenir LNG

Petronas in Game for a Third FLNG Unit

Yamal LNG Exceeds Nameplate Capacity

Renewables

SGRE Raises $1.6Bln in ‘Green’ Credit

Prysmian Wins Equinor's Empire Wind Gig

EU Targets 450 GW Offshore Wind by 2050

Jan De Nul Orders Floating Installation Vessel

Technology

GEO Installs Ulstein Blue Box in 2 Vessels

DNV GL Mulls Digitalization in Wind Energy

GreenSteam Acquires BMT Smart

Fuel Flexibility is Key for Green Shipping

Legislation

Former China Energy Chief Jailed for Life

Oil Edges Lower on U.S. Crude, Gasoline Build

Saudi Aramco's IPO Reaches $8.7 bln

OPEC, Other Stakeholders May Adjust Output Quotas

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First Radio Electronics Technician (IAT)

Chief Radio Electronics Technician (IAT)

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