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Energean Targets Net Zero Carbon Output by 2050
Mediterranean-focused oil and gas producer Energean has joined a U.N.-backed initiative and committed to reducing its net carbon emissions to zero by 2050, its chief executive said on Monday.Oil and gas producers have come under heavy pressure in recent years to tackle greenhouse gas emissions as the world battles climate change.Energean's pledge c
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Saudi Aramco Shares to Start Trading Dec. 11
Saudi Aramco shares will start trading on Dec.
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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)…
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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…
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Offshore: OSV Market Report
The environment in oil patches onshore and offshore alike has been challenging throughout 2019; worries about an economic slowdown – whether cyclical or induced by a trade war – have weighed heavily on oil prices, even in the face of reduced production by the big producers. Though storm clouds persist…
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Saudi Aramco IPO: $44.3 Bln in Bids So Far
Saudi Aramco has received bids for its shares totalling $44.3 billion so far, lead manager Samba Capital said on Friday,…
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Petronas Names Second FLNG in S. Korea
Malaysian oil and gas company Petronas named its second floating liquefied natural gas (LNG) facility, the PFLNG Dua, in a ceremony in Geoje…
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EU Targets 450 GW Offshore Wind by 2050
The EU Commission’s big goals for offshore wind – between 230 and 450 GW by 2050 – are achievable provided the right investments…
Latest news
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Enbridge, Enterprise to Develop GoM Crude Export Terminal
Enbridge Inc and Enterprise Products Partners LP on Monday signed an agreement to jointly develop a deepwater offshore crude…
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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…
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PGNiG Inks Exploration Deal with ERU
Poland's dominant gas firm, state-run PGNiG, said on Monday it was signing a contract with Ukraine's ERU Management Services on cooperation on oil & g
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Saudi Aramco IPO Proceeds Rise to $29.4 Bln
The proceeds from Saudi Aramco's record initial public offering have risen to $29.4 billion after the oil company exercised an option to sell 15% more
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Electrifying Norway's Offshore Production
According to Rystad Energy, Norway has taken several steps to reduce its upstream emissions through electrifying offshore platforms…
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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…
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China to Launch State Pipeline Group
China plans to launch its long-awaited national oil and gas pipeline company on Monday, part of a sector-wide reform aimed at providing fair market ac
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Sapura Energy Secures New Order
Malaysian oil and gas services firm Sapura Energy has secured several new contracts and contract extensions for its engineering…
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Rever Completes North Sea Decom Project
Subsea services provider Rever Offshore has successfully completed a North Sea infrastructure decommissioning project of…
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Prysmian Wins Equinor's Empire Wind Gig
Norwegian energy company Equinor has contracted Italian cable manufacturer Prysmian to supply the submarine inter-array cable…
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SGRE's 1,000th Offshore Wind Turbine Up
Spanish-based manufacturer of wind turbines Siemens Gamesa Renewable Energy (SGRE) has reached a milestone with the installation…
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Oil Companies Swap Stakes in Mexico
With Mexico's government insisting that energy companies increase oil and gas output before it auctions off more of the country's…
Offshore Oil & Gas
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Leviathan Gas Exports Expected by Month's End
Israel's largest offshore natural gas field, Leviathan, will begin supplying the local market by the end of this month, with exports to Egypt and Jord
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Providence to Operate Avalon as Total Exits
As Total E&P Ireland, a subsidiary of the French multinational oil giant, has withdrawn, Providence Resources has taken over…
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EDF Begins Construction on 450 MW OWF
French utility EDF Group announced that its subsidiary EDF Renewables has launched the construction of the Scottish Neart…
Shale Oil & Gas
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Croatia Awards Licence to INA for Gas and Oil Exploration
The Croatian government said on Thursday it had awarded a licence to energy group INA for gas and oil exploration and exploitation…
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Oil Steadies After Brief Slide
Oil steadied on Tuesday, as expections of output cuts from OPEC and allied producers brought prices back up after they slid…
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U.S. Drillers Cut Rigs for 12th straight Month
U.S. energy firms reduced the number of oil rigs operating for a record 12th month in a row after this week cutting rigs…
LNG
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Petronas in Game for a Third FLNG Unit
Malaysian oil and gas company Petroliam Nasional Berhad (Petronas) would build a third floating liquefied natural gas (FLNG)unit…
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Yamal LNG Exceeds Nameplate Capacity
Yamal LNG, a liquefied natural gas plant located in Sabetta at the north-east of the Yamal Peninsula, Russia, announced that…
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K Line, FueLNG Team-up on LNG Bunker
Japanese shipping firm Kawasaki Kisen Kaisha (K Line) has announced that it has concluded a ship management agreement with…
Renewables
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Jan De Nul Orders Floating Installation Vessel
Luxembourg-based Jan De Nul has ordered a second mega offshore installation vessel, Les Alizés, from the CMHI Haimen shipyard…
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Mitsubishi Beats Shell to Buy Eneco
A group led by Japan's Mitsubishi Corp will buy Eneco in a deal valuing the Dutch energy firm at 4.1 billion euros ($4.52 billion)…
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Anbaric Plans 16GW US Offshore Wind Grid
US offshore transmission developer Anbaric has applied to the Bureau of Ocean Energy Management (BOEM) to develop a 16GW…
Technology
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DNV GL Mulls Digitalization in Wind Energy
Digitalization is already playing a major role in the growth of wind energy, but it can still drive further improvements in operational efficiency…
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GreenSteam Acquires BMT Smart
Denmark-based GreenSteam, a majority owned company of BP, has acquired BMT’s data collection and performance optimisation…
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Fuel Flexibility is Key for Green Shipping
Fuel flexibility and technologies to bridge changing fuel usage have been identified in the Maritime Forecast to 2050 as…
Legislation
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Oil Edges Lower on U.S. Crude, Gasoline Build
Oil eased on Wednesday after a report showing U.S. crude inventories grew unexpectedly last week and gasoline stocks surged…
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Saudi Aramco's IPO Reaches $8.7 bln
Retail subscription for Saudi Aramco's initial public offering (IPO) reached 32.57 billion Saudi riyals ($8.7 billion) on Monday…
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OPEC, Other Stakeholders May Adjust Output Quotas
Russian Energy Minister Alexander Novak said on Wednesday the forthcoming meeting of OPEC and other large oil producers may…
