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Total CEO: Governments Not Oil Firms Must Drive Carbon Curbs
It is up to governments to drive decarbonisation and consumers will have to pay more to achieve carbon neutrality, Total's chief executive said, adding the French firm has no intention of moving away from oil and gas production.Oil firms should not be seen as "villains" amid growing pressure from investors and climate activists…
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USA Ups BOEM Offshore Wind Budget
The Trump Administration has proposed a $189m fiscal year 2021 budget for the Bureau of Ocean Energy Management (BOEM), designating just under $27m for offshore wind.The FY 2021 budget includes approximately $26.5 million to advance offshore renewable energy development.In recognition…
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US Sanctions on Rosneft Trading Shifting Crude Flows
U.S. sanctions on Russian Rosneft's trading arm will disrupt a slice of global crude flows and may prompt refineries in Europe, India and the United States to shift purchases to other crude suppliers, traders said.The United States on Tuesday redoubled efforts to oust Venezuelan President Nicolas Maduro by barring U.S.
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Saudi Aramco Launches Largest Shale Gas Development Outside US
Saudi Aramco is launching the biggest shale gas development outside of the United States to boost domestic gas supply and end the burning of oil at its power generation plants, Chief Executive Officer Amin Nasser told Reuters on Monday.The world's top crude oil exporter has for years…
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Northland Expands Offshore Wind Pipeline in Asia
Canadian power producer Northland Power will acquire Dado Ocean Wind Farm, a development company with multiple early-stage offshore wind development sites in South Korea.Dado Ocean is currently owned by Eui Jeong Hwang, a wind power developer who will continue to support the project as a local partner…
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Vineyard Wind to Miss Startup Target Over Permit Delay
Vineyard Wind, the developer of the first major U.S. offshore wind farm, said on Tuesday it will miss its target to start…
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NOV Warns Virus Fallout Could Hit Supply Chain
U.S. oilfield equipment supplier National Oilwell Varco on Friday called the coronavirus a "wildcard" in the oil industry's outlook…
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Are OSVs Fit for Refit for Offshore Wind?
While it is generally agreed that the nascent offshore wind energy market in the U.S. will be a newbuild market, there is…
Latest news
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PGNiG Gets Green Light for Skogul
Polish state-controlled oil and gas company PGNiG received formal consent from the Norwegian Petroleum Directorate (NPD)…
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Sempra to Decide on U.S., Mexican LNG Export Plants in 2020
California energy company Sempra Energy said on Thursday it expects to make final investment decisions (FID) this year to…
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NYK Focuses on Ammonia as Marine Fuel
Japan-based shipping giant NYK has presented its concept for using ammonia as a marine fuel or zero-emission ships as part…
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Blount Named CEO at BCCK
Midland, Texas-based engineering, procurement and construction (EPC) firm BCCK, Inc. said its founder, Clark Butts and its…
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WFO Launches Floating Offshore Wind Committee
Global industry advocacy group World Forum Offshore Wind (WFO) has created a new working group - the Floating Offshore Wind…
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Aibel Readies UPM for Johan Sverdrup
Norwegian service company within the oil, gas and offshore wind industries Aibel said that Johan Sverdrup's project team…
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Financial Close for Taiwanese OWF
Denmark-based fund management company Copenhagen Infrastructure Partners (CIP) has reached financial close on the 589MW offshore wind project (OWF)…
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India Set to Import Record LNG Volumes
India is set to import record volumes of liquefied natural gas (LNG) this month, data shows, taking advantage of the super…
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NY Congressman Backs Arthur Kill OWP
Congressman Max Rose has called on Governor Andrew Cuomo to support the offshore wind development at Arthur Kill Terminal, Staten Island, New York.
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Global LNG Demand to Double by 2040: Shell
Global demand for liquefied natural gas (LNG), rose by 12.5% to hit 359 million tons last year, according to Royal Dutch…
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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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Frontline Profitable in Q1 Despite Low Freight Rates -CEO
Oil tanker firm Frontline's earnings are in the black so far in the first quarter despite strong headwinds from low freight rates…
Offshore Oil & Gas
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Wintershall Noordzee Starts Gas Production from Sillimanite Field
Wintershall Noordzee has started gas production from its operated Sillimanite field in the North Sea area between the UK…
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Brazil Breaks Oil Output Record in January
Oil companies produced 3.17 million barrels per day (bpd) on average in Brazil in January, a volume 20.4% larger than seen…
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Coronavirus Spurs Oil Majors to Cancel IP Week Events
The list of parties at London's International Petroleum Week, one of the world's biggest oil industry gatherings, continues…
Shale Oil & Gas
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Shale Pioneer Hess Says Key U.S. Fields Starting to Plateau
Shale pioneer John Hess said Tuesday that key U.S. shale fields are starting to plateau, calling shale "important but not…
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BP More than Doubles US Shale Oil Putput in 2019
BP's U.S.
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Iran Oil Minister says China's Virus Impacted Oil Demand
Iranian Oil Minister Bijan Zanganeh said on Monday that the spread of China's new coronavirus had hit oil demand and called…
LNG
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Shell, Qatargas Sign LNG Deal for Kuwait
The world’s largest liquefied natural gas (LNG) producer Qatargas has signed a new, long-term LNG sale and purchase agreement…
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Australia Becomes World's Largest LNG Exporter
Australia has become the largest liquefied natural gas (LNG) exporter in the world. The record figure knocked Qatar out of…
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Total in 10-Year LNG Bunkering Pact with Pavilion
Temasek-owned Pavilion Energy has signed a 10-year fully-termed agreement to jointly develop an LNG bunker supply chain in…
Renewables
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Rystad: 2020 Biggest Year for Offshore Wind Jackets
The global offshore wind farms (OWF) that are set for start-up this year will make 2020 the year with the highest ever use…
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Offshore Wind: Half Empty or Half Full?
As a new decade starts, offshore wind development continues to progress. Actually, it’s probably more accurate to write that…
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Iberdrola to Build its Next Wind Farm in Spain
Spanish electric utility company Iberdrola will build its next wind farm in the country at the Herrera Complex, featuring…
Technology
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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…
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Wilhelmsen, NorSea Join Forces for Hydrogen
The Norwegean global maritime industry group Wilh. Wilhelmsen Holding ASA and Denmark-based supply chain manager NorSea join…
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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…
Legislation
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Angola May Seek International Arrest Warrant for Isabel dos Santos
Angola could issue an international arrest warrant for billionaire Isabel dos Santos if she fails to cooperate with a fraud…
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US Extends License for Chevron's Operations in Venezuela
The U.S. Treasury Department on Saturday renewed a license allowing Chevron, the last U.S. energy company operating in Venezuela…
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US Renews Waiver on COSCO's Dalian Tanker Unit
The Trump administration on Thursday renewed a waiver for companies to wind down transactions with the Dalian unit of a Chinese…
