World Energy News

OPEC+ Has Oil Price and Demand Problems. It Should Solve Demand

OPEC+ has two problems and two solutions.The first problem is that crude oil prices are too low for the comfort of most of the members of the group, which pulls together the Organization of the Petroleum Exporting Countries (OPEC) and its allies including Russia.The second issue is…
Germany Preps for More FSRU Vessels

Germany is expanding its natural gas import options to replace Russian supply. Following are updates on key facilities and terminals being developed to host floating storage regasification units (FSRUs) to receive seaborne liquefied natural gas (LNG). Plans also include shore-based…
No Subsidies, No Bids: Denmark Largest Offshore Wind Tender Falls Flat

In the wake of Donald Trump's election as U.S. President, all eyes have been trained on the U.S. Offshore Wind market and future, with his promise to stifle the U.S. Offshore Wind market in favor of oil and gas. But a recent lackluster performance from a leading Scandinavian country…
OPEC+ Passes on Oil Output Increase, Weighs the "Trump Effect"

It was likely a fairly easy decision for OPEC+ to once again delay plans to increase oil output.The soft state of global demand is by itself sufficient reason to justify the decision at this week's meeting of the group to defer winding back some of its production cuts until at least…
Alaska sues Biden Administration over ANWR Leases

The U.S. state of Alaska has sued the Biden administration for what it calls violations of a Congressional directive to allow oil and gas development in a portion of the federal Arctic National Wildlife Refuge (ANWR).Monday's lawsuit in the U.S. District Court in Alaska challenges…

Latest news

Offshore Oil & Gas

UK Invests $71M in Scottish Port Expansion for Floating Wind

Britain will invest 55.7 million pounds ($71.45 million) in the Port of Cromarty Firth in Scotland to expand the facility to become a hub for floating offshore wind, the government said on Wednesday.Britain has a target to largely decarbonize its electricity sector by 2030 which will require a huge ramp up in renewable power like offshore wind.Using floating turbines, that are not fixed to the seabed like traditional wind farms, allows the projects to be much deeper out at sea, making them less

Shale Oil & Gas

UK's Energean terminates Carlyle deal

Energean, a UK-based gas company, announced on Friday that it had terminated its agreement with Carlyle to sell some of its assets because regulatory approvals were still pending in Italy and Egypt. In June 2024, the two companies struck a $945 million deal that would allow Carlyle to establish a new Mediterranean-focused oil and gas company, led by former BP CEO Tony Hayward, by utilizing Energean's assets in Egypt, Italy, and Croatia.

LNG

Wood Mackenzie: LNG for Power Generation Emits 'Significantly' Less Than Coal

Wood Mackenzie has published a new report comparing the life cycle emissions of LNG with those of coal for power generation, finding the combustion of coal is related to significantly higher emissions.Wood Mackenzie’s analysis in the report titled 'Shining a light on the ‘coal versus LNG emissions’ debate' reveals the lifecycle emissions of U.S. LNG are typically around 48% of the coal equivalent.

Renewables

VEGOILS - Palm up in hopes of better demand, but second consecutive weekly loss

Palm oil prices rose on Friday, on the hope of improved demand from India and China. However, they were still heading for their second consecutive weekly loss because of weakness in Chicago soyoil contracts and Malaysian palm oil exports that have been slowing down. By midday, the benchmark contract for palm oil delivery in June on the Bursa Derivatives Market gained 5 ringgit or 0.11% to 4,418 Ringgit ($999.32). This week, the contract has fallen by 3.45%.

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

Protecting Employees in High-Risk Environments

For any business, ensuring the health and safety of its employees should be the number one priority – what is more, it’s a legal requirement.This is especially true when a company has employees that need to work alone. Whether it be in construction, healthcare or the public sector, lone workers face unique risks and challenges that those working in a team often don’t experience. Therefore, proactive…

OPEC+ Has Oil Price and Demand Problems. It Should Solve Demand

Germany Preps for More FSRU Vessels

No Subsidies, No Bids: Denmark Largest Offshore Wind Tender Falls Flat

OPEC+ Passes on Oil Output Increase, Weighs the "Trump Effect"

Alaska sues Biden Administration over ANWR Leases

OMSI to Oversee Submarine Cable Installations for Belize's Energy Infrastructure

US LNG Export Dominance Tested as Europe's Demand Wilts

How Trump will try to undo Biden's environmental legacy

Latest news

Wood Group extends deadline for deal negotiations with Dubai's Sidara. FT reports

Iraq plans to increase oil production above 6 million barrels per day by 2029

Sinopec's net profit for 2024 plunges 16.8% because of falling oil prices

India receives investments of $19 billion through the Key Production Scheme, says government

India receives investments of $19 billion through the Key Production Scheme, says government

UK stock prices fall on uncertainty over tariffs; Heathrow power failure disrupts airlines

Baker Hughes reports that US oil and gas rigs have risen for the first time in 3 weeks.

Polish Cabinet approves liberalisation in wind farm regulations

Sources say that Elliott met with BP investors in order to discuss further changes.

Palmetto slips with a second consecutive weekly loss

German wind energy supply plummets on Monday

Prices rise following reports of a strike at Sudzha Gas Metering Station

Offshore Oil & Gas

UK Invests $71M in Scottish Port Expansion for Floating Wind

Baker Hughes: US oil & gas rig count at lowest since Dec 2021

RODA responds to Trump EO on Offshore Wind & Permitting

European firms exposed as Trump targets US offshore wind

Shale Oil & Gas

UK's Energean terminates Carlyle deal

Ukraine military cites reports in media on attack on gas station in Russia's Kursk Region

Sources: Turkey and Slovakia receive US waiver extensions for gas payments to Russia

Shell plans to deliver gas from Venezuela to Trinidad by 2026, according to sources

LNG

Wood Mackenzie: LNG for Power Generation Emits 'Significantly' Less Than Coal

Germany builds up LNG import terminals

Trump's complaint about the trade deficit with EU and what could come next

US NatGas Demand Could Hit Record High

Renewables

VEGOILS - Palm up in hopes of better demand, but second consecutive weekly loss

UK invests $260 Million on solar panels for hospitals and schools

Brazil's Minister says that the US tariff talks will continue, and he links ethanol to sugar

Cuba is on track to install fifty solar parks by the end of this year, according to the Ministry

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

Protecting Employees in High-Risk Environments

VLCC Rates Spike as US Sanctions Bite

USDoI: ANWR Drilling Auction Yields no Bids

Additional Sanctions Possible for Russian Oil tankers

Medical Services Officer

Damage Control Officer- Mixed Work Schedule

Third Officer - Mixed Work Schedule

Second Officer

Second Officer - Mixed Work Schedule