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Oil Drillers, Bitcoin Miners Bond over Natural Gas
On U.S. oil patches stretching along the Rockies and Great Plains, trailers hitched to trucks back up toward well pads to capture natural gas and convert it on the spot into electricity.The trailers - carrying pipes, generators and computers - are called “mining rigs.” But their owners aren’t there to drill for oil.
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BIMCO: All Eyes on US Gasoline; Will Demand Exceed 9.2M Bpd?
“Fill her up, son; unleaded. I need a full tank of gas where I'm headed,” former Police-front man, Sting, sang back in 1999 on his solo album Brand New Day. This country-inspired song could be the anthem for what is coming around next week, as Monday. May 31 is Memorial Day in the U.S., the day that kicks off “the U.S. driving season”.
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Acteon Team to Manage Installation on Calvados Offshore Wind Farm
Acteon won an integrated project with Saipem for casing installation and drilling support on the Calvados offshore wind farm (Courseulles-sur-Mer). The contract was signed by LDD, a product and service line brand in the Acteon foundations and cables segment, and will be managed by…
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EU Approves $21.27B Just Transition Fund
European Union countries on Monday approved the bloc's flagship fund to wean them off fossil fuels and protect communities most affected, paving the way for members to start receiving the cash.The 17.5 billion euro ($21.27 billion) Just Transition Fund (JTF) combines money from the…
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Top U.S. LNG Exporter Launches Effort to Measure Emissions
Cheniere Energy Inc, said on Thursday it would quantify carbon emissions from its suppliers and production sites and supply the information to customers.LNG buyers have begun asking suppliers for natural gas sourcing data and greenhouse gas emissions to reduce their own carbon footprints.
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Sandia’s Combustion Research Facility Celebrates 40th
The weather on March 6, 1981, was nothing too remarkable for the San Francisco Bay Area — a little drizzle with temperatures…
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Back to the Drawing Board: Analyzing Social Impact of Sustainable Energy
The future could be bright for small island nations. Cheap sustainable energy is the core component of the United Nations…
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Market Signals Fast Rebound in Floating Production Orders
The deepwater market is rapidly returning to pre-COVID-19 activity levels, and the recovery appears to be gaining strength…
Latest news
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HAV Design Wins Deal to Design Zero Emission Ferries
HAV Design signed a contract for two new battery-powered ferries, making them the thirteenth and fourteenth ferry designs…
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Strategic Marine Delivers CTV Pair to WEM Marine
Singapore-based Strategic Marine delivered a pair of 27m CTVs to WEM Marine Ltd, a UK-based offshore support vessel provider…
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Tellurian to Sell LNG to Gunvor, Delays Louisiana Project Start
U.S. liquefied natural gas (LNG) developer Tellurian Inc said on Thursday it signed a 10-year agreement with commodity trader…
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ADNOC Raises $1.6 Billion
Abu Dhabi National Oil Company (ADNOC) said it raised $1.64 billion by issuing exchangeable bonds and additional shares to investors in its listed ret
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Japan Sets Aside $3.4B for Hydrogen R&D
The Japanese government said on Tuesday it will allocate up to 370 billion yen ($3.4 billion) from its green innovation fund…
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World's First Barge-to-Ship Methanol Bunkering Carried out in Rotterdam
On May 10, 2021, the methanol-dual fueled chemical tanker Takaroa Sun, owned by NYK Bulkship (Asia) Pte. Ltd. participated…
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Total Enters a 640 MW Offshore Wind Project Under Construction in Taiwan
Total signed an agreement with wpd to acquire a 23% interest in Yunlin Holding GmbH, the owner of Yunlin offshore wind farm…
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Oil Profits Soar: Oil Majors Shed Pandemic Blues
Europe's major energy companies profited from a rise in oil prices to report big increases in first-quarter earnings on Thursday…
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Offshore Wind: Orsted Earnings, Shares Dented by Lower Wind Speeds, Cable Problems
Lower wind speeds and cable problems hit first-quarter earnings at Denmark's Orsted , sending shares in the world's biggest…
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Innovative Tidal Power Project Proceeds in the Scottish Sea
SKF is participating in a tidal power project off the Orkney Islands.Orbital Marine Power, Scottish-based developers of the…
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Who Will Pay for the Energy Transition?
The transition from a fossil-fuel dominated energy system to one with zero emissions would require trillions of dollars of…
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BP Profit Triples to $2.6B in Q1 on Strong Oil, Gas Trading
BP's profit more than tripled to $2.6 billion in the first quarter thanks to stronger oil prices and bumper revenue from natural gas trading, paving t
Offshore Oil & Gas
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Rystad: Oil Demand to Peak in 2026
The rapid adoption of electric vehicles (EV) around the world will probably cause global oil demand to peak two years earlier…
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BLUE X: Mocean Energy unveils Wave Energy Prototype
Mocean Energy unveiled its Blue X wave energy prototype which will take to the seas in Orkney next month.The 20-m long, 38…
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Inside the Red-Hot Offshore Wind Energy Market
As the traditional offshore oil and gas markets continue to struggle, the renewable offshore wind market is hot and getting…
Shale Oil & Gas
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US House Bill Seeks $8 Bln for Abandoned Oil and Gas Well Cleanup
A U.S House of Representatives Democrat introduced a bill on Thursday authorizing $8 billion to plug and clean up abandoned oil wells nationwide…
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Fire at Rosneft's Far East Refinery Contained
A fire at a secondary unit at an oil refinery owned by Rosneft in Russia's far eastern city of Komsomolsk-on-Amur has been contained…
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US Oil Industry Group Pledges to Fight Possible Biden Fracking Limits
If U.S. President-elect Joe Biden tries to restrict development of oil and gas drilling on federal lands, the American Petroleum…
LNG
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Ship Power: MAN Energy Solutions Unveils New LNG Dual-fuel Engine
In a live-stream presentation from its Copenhagen Research Center, MAN Energy Solutions has demonstrated advanced dual-fuel…
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VIDEO: Wärtsilä’s Compact Reliq Aims to Optimize BOG Reliquification
As the maritime industry steams toward decarbonization, the path to zero emissions will include many stepping stones. Wärtsilä’s…
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Cheniere Expects Rising LNG Demand with Vaccine Rollout
Cheniere Energy Inc, the top U.S. liquefied natural gas producer, on Wednesday raised its full-year adjusted earnings forecast…
Renewables
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Renewable Energy: The Tides Help Power Cars in Scotland
Nova Innovation announced that vehicles in Shetland are now fueled by the power of the sea, courtesy of the creation of the…
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Eni Buys Biogas Production Firm FRI-EL Biogas
Italian energy giant Eni has agreed to buy FRI-EL Biogas Holding company, a leader in the Italian biogas production sector.The…
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Bedrock Scores $8M in Funding to Fast Track Ocean Data Initiatives
Bedrock Ocean Exploration, which was created to make the business of gathering, processing and disseminating accurate information…
Technology
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Alphabet Winds Down Makani
Alphabet, Google's parent company, announced that it is calling it quits on its efforts to build and monetize its Makani…
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CMA CGM Joins Energy Observer in Hydrogen Project
French shipping giant CMA CGM is joining forces with Energy Observer within a project focusing on testing the potential of…
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Toshiba Delivers Fuel Cell System to Ship
The provider of energy industry solutions Toshiba Energy Systems & Solutions Corporation (Toshiba ESS) announced that the…
Legislation
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Biden to Target Drilling, Fossil Fuel Subsidies in New Climate Orders
President Joe Biden was set on Wednesday to sign executive actions to combat climate change, including pausing new oil and…
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Biden Administration Suspends Federal Oil and Gas Permitting
The Biden administration has temporarily suspended oil and gas leasing and permitting on federal lands and waters while it…
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Biden Announces Return to Global Climate Accord, New Curbs on US Oil Industry
U.S. President Joe Biden on Wednesday announced America's return to the international Paris Agreement to fight climate change…
