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RWE Eyes Renewables Deals as Part of $8.4 B Expansion
Germany's largest power producer RWE plans to spend part of its 7 billion euro ($8.4 billion) war chest on growing its 24.7 gigawatt pipeline of renewables projects, its CFO said, just weeks after BP announced a major low-carbon push."A pipeline needs to be worked on constantly. It doesn't grow overnight…
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Robotics: Autobots Transform in the Offshore Energy Sector
Robots and robotics have slowly been entering our lives, in various shapes and forms (and fictional characters), from self-driving household vacuum cleaners to highly automated manufacturing systems. Now they’re heading for the offshore world – in just as many shapes and forms.There could be a lot to gain from robotics…
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US Energy Exports Severely Disrupted by Hurricane Laura
Oil and gas exports from the United States have been severely disrupted by Hurricane Laura, with nearly a million barrels per day (bpd) of crude exports likely reduced this week by closures of U.S. Gulf Coast terminals and disruptions at ports.The hurricane also temporarily suspended…
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Japan Trio Begins Work on an Ammonia-Fueled Tugboat
As the marine industry works to find the ‘fuel of the future’ to address increasingly stringent emission regulations, an interesting development from a trio of marine powers in Japan seeks to develop the world’s first ammonia-fueled tugboat. The joint research and development agreement was signed by NYK…
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Eight Propane Forklift Safety Considerations Crews Need to Know
Material handling equipment, like forklifts, are vital to a port’s day-to-day operations. Forklifts enable employees to keep containers and other heavy materials on the move during their shift. But due to the nature of the equipment, forklifts introduce some workplace hazards that…
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Opedal Tapped for Top Spot at Equinor
The Equinor Board of Directors appointed Anders Opedal as its new president and CEO starting November 2, 2020. Eldar Sætre…
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U.S. Sends First Crude Shipment to Saudi Arabia in Years
The United States sent a shipment of crude to Saudi Arabia in June, data from the U.S. Census Bureau showed on Wednesday…
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US Oil Exports to Europe Rebound
The United States has increased oil supply to Europe in July for the first month since May, making up for output cuts from OPEC+ members…
Latest news
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Germany Offered to Build LNG Terminals to Avert US Pipeline Sanctions
Berlin offered to spend 1 billion euros ($1.2 billion) to build two liquid natural gas terminals in a bid to dissuade the…
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Offshore Oil Wells, Ports Shut as Hurricane Sally Advances on U.S. Gulf
Energy companies, ports and refiners raced on Monday to shut down as Hurricane Sally grew stronger while lumbering toward the central U.S.
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Schlumberger CEO Says Oilfield Growth Will Be at Structurally Lower Rate
Top oilfield service firm Schlumberger NV expects to return to 2019 level pre-tax margins by the end of next year, a sign…
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Baker Hughes Plots Low Carbon Future
Baker Hughes is pivoting to customers preparing for the transition to a low-carbon future, bolstering its footprint beyond…
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US LNG Loading Delays Expected as Hurricane Slams Gulf Coast
Loadings of liquefied natural gas (LNG) cargoes from the United States likely will be delayed as a powerful storm strikes the heart of the U.S.
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Equinor Axing Jobs in US, Canada and UK
Norwegian oil and gas firm Equinor is set to cut jobs significantly in the United States, Canada and Britain to adjust to a fall in oil prices…
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Silva Tapped to Lead Corpower Ocean Portuguese Ops
CorPower Ocean, designer of wave energy systems, appointed Miguel Silva as head of its Portuguese operation.The news comes…
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China Ramps up US Oil Purchases Ahead of Trade Deal Review
U.S. crude oil shipments to China will rise sharply in coming weeks, U.S. traders and shipbrokers and Chinese importers said…
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Woodside Says It's on the Lookout for Acquisitions
Australia's Woodside Petroleum is looking for acquisitions, ideally close to its existing assets or offering it control over assets that are already p
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PDVSA Changes Oil Deals to Include Shipping as Sanctions Bite
Venezuelan state-run oil firm PDVSA has begun offering to ship its own oil, figuring in the costs in crude supply deals to…
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Libya's NOC Warns of Dangers at Oil Ports
The chairman of Libya's National Oil Corp (NOC) on Saturday warned against the risk of a disaster at the country's oil ports…
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Saudi Aramco's Profit Plunges, Sees Signs of Recovery
State oil giant Saudi Aramco's profit plunged 73% in the second quarter of the year, as a slump in energy demand and prices…
Offshore Oil & Gas
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$10.5m Funding for CorPower Wave Energy Tech
CorPower Ocean announced the award of $10.5m in new funding for it’s wave energy tech innovation, a funding round led by Midroc New Technology…
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Webinar: Floating Production Forecasts & Analysis
A free webinar will deliver latest forecasts and market intelligence for the global floating production industry, offering…
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Coronavirus Outbreaks Hit Petrobras' Quarterly Output
Coronavirus outbreaks at a number of platforms operated by Brazil's Petrobras hit production in the second quarter, the company said on Tuesday…
Shale Oil & Gas
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Shell Restarts Operations in Vaca Muerta Block
Oil company Royal Dutch Shell Plc said on Tuesday it had resumed activities at its Bajada de Añelo block in Argentina's Vaca Muerta area after seismic
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Saudi Oil Price Hike Throws Asian Lifeline to U.S. Shale
Saudi Arabia's decision to jack up the price of its July exports to Asia may have opened the door for U.S. crude oil producers…
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China to Boost Energy Reserve Capacity, Support Unconventional Gas Exploration
China said on Friday it will bolster the capacity of the country's energy reserves and offer lower gas and electricity charges to key industries…
LNG
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Gazprom Neft Sells Its First Arctic Oil Cargo to China
Russia's Gazprom Neft has sold its first ever Arctic oil cargo to China to ChemChina, two sources familiar with the deal told Reuters on Thursday.This
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Woodside's Revenue Slumps More than Expected
Australia's Woodside Petroleum Ltd reported a worse-than-feared 29% drop in quarterly revenue, hit by weak spot liquefied natural gas (LNG) prices…
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Gazprom Aims to Increase Gas Supplies to China
Russia's Gazprom is committed to supply as much as 130 billion cubic meters of gas (bcm) to China annually in the longer term…
Renewables
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Steelwind Monopile Foundations for Parkwind's Baltic Sea Wind Farm
German construction company Steelwind will build monopile foundations for Parkwind's the Arcadis Ost 1 offshore wind farm in the Baltic Sea…
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Japan to Develop Offshore Wind Farms at 30 Sites in 10 years
Japan will craft new rules and support infrastructure in a drive that aims to build offshore wind farms at 30 sites during the next decade…
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UK Gov't Advised to Harness Pandemic to Speed Zero-carbon Aims
From creating jobs in home insulation to hiking dirty fuel taxes and expanding electric-vehicle charging, Britain's government…
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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China Grants Zheijang First Private Fuel Export License
China has granted Zhejiang Petroleum & Chemical Co (ZPC) a license to export refined oil products, making it the first private…
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Libya's NOC to Lift Force Majeure at Es Sider Oil Port
Libya's National Oil Corporation (NOC) said on Wednesday that it is ready to lift force majeure at Es Sider oil port, allowing…
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US Approves LNG Exports from Oregon
The U.S. Energy Department on Monday approved the export of up to 1 billion cubic feet per day of liquefied natural gas from…
