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Offshore Wind: SeaTwirl Secures Funding
Swedish floating wind turbine player SeaTwirl has joined the Ocean Energy Scale-Up Alliance (OESA) that has been granted funding from the Interreg North Sea Region.SeaTwirl is a vertical floating wind turbine that was tested off the west coast of Sweden in 2011. It is also the name of the company that produces the turbine.OESA…
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Chrysaor Sets Sights on Chevron's North Sea Assets
Private equity-backed oil firm Chrysaor has hired advisers ahead of talks to buy Chevron's British North Sea oil and gas fields for over $2.5 billion, industry and banking sources said.Chrysaor has signed up investment banks Jefferies and BMO for the discussions as a deadline for bids approaches before Christmas…
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Exxon, BHP to Develop West Barracouta Gas Field
ExxonMobil Corp and the world's top miner BHP Billiton said on Thursday they approved development of the West Barracouta gas field in the Gippsland Basin in Australia, to bring fresh gas to Australian domestic markets.Exxon said the project, located off the shore of the state of Victoria…
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Europeans Sweep Record US Offshore Wind Auction
A U.S. government auction for three wind leases off the coast of Massachusetts ended on Friday with record-setting bids totaling more than $400 million from European energy giants including Royal Dutch Shell Plc and Equinor ASA.The Bureau of Ocean Energy Management (BOEM) announced the sale's three winners - Equinor Wind US LLC…
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US Oil Drillers Cut Rigs
U.S. energy firms cut oil rigs for a second week in a row this week, prolonging a move by drillers over the past month to reduce the number of active rigs after crude prices collapsed in October and November.Drillers cut four oil rigs in the week to Dec. 14, bringing the total count down to 873…
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Faroe Criticizes DNO's Takeover Bid as 'Opportunistic'
The oil and gas company with focus in Norway and the U.K. Faroe Petroleum has reaffirmed that Norwegian oil giant DNO ASA's…
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Crude Inventory Drops Again, Brent Stays Around $60
U.S. crude inventory declined again last week, reducing fear of a repeat 2014/16 oil glut occurring. The latest weekly survey by the U.S.
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Venezuela's Deals to Shield Citgo from Creditors in Doubt
Venezuela is facing the possible unraveling of a pair of billion-dollar settlements aimed at protecting the cash-strapped…
Latest news
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Oil Slips 2 Percent
Oil prices dropped about 2 percent on Friday, weighed down by a falling U.S. stock market, while weak economic data from…
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BP Green Lights Trinidad, Tobago Gas Projects
BP in Trinidad and Tobago (bptt) gave the go-ahead to two new gas developments, Cassia compression and Matapal, offshore Trinidad…
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LPG Carrier "Laurel Prime" Christened at MHI
Mitsubishi Shipbuilding Co.held a christening ceremony for a liquefied petroleum gas (LPG) carrier currently under construction…
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Norway Postpones Decision on Arctic Oil Terminal
The Norwegian government has postponed a decision on whether to mandate the construction of an oil processing terminal near the Arctic tip of northern
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Poland's PGNiG Receives US LNG
Polish state-controlled oil and gas company Polskie Górnictwo Naftowe i Gazownictwo SA (PGNiG) is set to receive a spot cargo of U.S.
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Moray East Offshore Confirms Financial Close
UK-based Moray Offshore Windfarm (East) announced that it has reached financial close – a major milestone marking the commencement…
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Ørsted Lauches Offshore Wind Biodiversity Policy
The largest energy company in Denmark, Ørsted A/S announced ‘Offshore wind biodiversity policy’ to set out the principles…
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i3 Energy Bullish on Serenity Prospect
UK-based oil and gas exploration firm i3 Energy PLC said its Serenity prospect in the North Sea "provides significant organic growth" for its Liberato
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Nordic American Offshore Bags PSV Contract
Bermuda-headquartered Nordic American Offshore (NAO) has been awarded a two-year fixed contract for the Platform Supply Vessel (PSV) built in 2015…
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Total Sells 4% of Ichthys to Inpex for $1.6 Bln
French energy company Total said it has agreed to sell a 4 percent stake in its Australian Ichthys liquefied natural gas…
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Dredging International Contract Goes to Sif
Netherlands-based Sif Holding N.V. announced that Dredging International has awarded to Sif the production of 58 monopiles…
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Dudgeon Offshore Wind Bags $1.77B Refinancing
One of the world’s largest offshore wind projects, the 402-megawatt (MW) Dudgeon offshore wind farm in the U.K., announced…
Offshore Oil & Gas
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NOIA Calls for Offshore Wind Territories Act
National Ocean Industries Association (NOIA) said that U.S. territories need the Offshore Wind for Territories Act.The U.S.
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Shell Says Talks Over Gazprom Asset Swap Suspended
Talks about a possible asset swap deal between Royal Dutch Shell and Gazprom have been suspended, Kommersant business daily reported on Wednesday, cit
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DNO Makes $780 Mln Cash Bid for Faroe Petroleum
Norway's DNO is sticking to its offer to buy Faroe Petroleum for 152 pence per share, valuing the company at about 610 million…
Shale Oil & Gas
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Oil Falls Below $60 a barrel as Inventories Stay High
North Sea Brent crude oil fell below $60 a barrel on Thursday, under pressure from high global inventories and a smaller…
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U.S. Crude Oil Stockpiles Dip, Gasoline Builds - EIA
U.S. crude oil stockpiles last week fell less than expected, while gasoline inventories increased and distillates stocks fell…
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Oil Rise as Global Equities Climb, Libya Output Drops
Oil futures rose on Tuesday with the help of an increase in global stock markets, an outage reducing Libyan crude production…
LNG
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Christophe de Margerie Loads First Cargo from Third Train Yamal LNG
The Arctic LNG carrier Christophe de Margerie, owned and operated by Sovcomflot, loaded the first batch of liquefied natural…
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CNOOC Gas Supply Hits New Record
CNOOC Gas & Power, a unit of China National Offshore Oil Corp , said on Wednesday its daily supply of natural gas had surpassed…
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Yamal LNG Reaches Full Capacity
The Yamal liquefied natural gas (LNG) project in Arctic Russia officially commissioned the third and last production line…
Renewables
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Croatia's HEP to Invest $1.85 bln in Renewable Energy by 2030
Croatia's state-run power utility HEP aims to boost renewable energy to 50 percent of its total capacity from the current 35 percent…
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Carbon Trust, ClassNK Consulting Service Partner on Climate Change Support
The Carbon Trust and ClassNK Consulting Service Co., Ltd. have signed an agreement to work together to develop a commercial…
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New Jersey Board of Public Utilities Backs Offshore Wind
The New Jersey Board of Public Utilities (NJBPU) is remaining committed to supporting the state’s goals of generating 3.5GW…
Technology
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MOL Announces Three Initiatives on Global Warming
Japanese shipping giant Mitsui O.S.K. Lines (MOL) has announced its support for three initiatives to address the issue of global warming.
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Training on Ship Fuel Data Collection in China
The International Maritime Organization (IMO)-led GloMEEP project has delivered a training course in China last week to help…
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Eco Marine Power, ClassNK to Collaborate
In another significant move towards commercial release of the EnergySail, Eco Marine Power (EMP) announced that it has begun…
Legislation
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BP Targeted with First Shareholder Resolution on Climate Goals
Pressure on oil companies to tackle climate change is growing after an activist group for the first time filed a shareholder…
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Attempted Oil Theft Leads to Spill
At least 60,000 liters (377 barrels) of oil spilled into Rio de Janeiro's Guanabara Bay and a nearby river over the weekend…
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Equinor, Faroe Petroleum in Asset Swap
Britain's Faroe Petroleum has agreed to swap oil and gas fields with Norwegian state firm Equinor as it fights a hostile…
