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GE to Test 12MW Turbine in Netherlands
Rotterdam's skyline will soon feature what is claimed as the world's largest and most powerful offshore wind turbine.GE Renewable Energy and Future Wind announced today that they have signed an agreement to install the first Haliade-X 12 MW wind turbine prototype in Maasvlakte-Rotterdam…
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LNG REPORT: 143 LNG-Powered Vessels in Operation, 270 to Come
Currently, the liquefied natural gas (LNG)-powered fleet has grown globally from 118 LNG-powered vessels in operation in 2017, to 143 LNG-powered vessels in operation – with a further 135 on order and 135 LNG-ready ships either in operation or on order.According to the LNG bunkering coalition SEA\LNG…
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Schlumberger Sees International Growth in 2019
Schlumberger NV on Friday reported quarterly revenue that topped estimates and forecast single-digit growth in international markets this year even as crude prices have tumbled roughly 30 percent since October.With the drop in oil prices many producers were evaluating spending budgets for 2019…
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Oil Refining Capacity to Grow at Record Pace
Global oil refining capacity is set to increase at its fastest pace on record this year, possibly boosting stocks of products such as diesel, gasoline and marine fuel, the International Energy Agency said on Friday.Oil refining capacity will rise by 2.6 million barrels per day (bpd) and demand for refined products by around 1.1 million bpd…
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Schlumberger to Manage Equinor Project in Brazil
Schlumberger signed a contract worth over $200 million with oil major Equinor to manage an offshore rig as part of a drilling program in Brazil's offshore Campos oil basin, a person familiar with the matter said on Thursday.The deal would be the first time an oil services company replaces a drilling-rig contractor…
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Offshore Service Market to Outspace Onshore Shale
Spending on the offshore service sector will outpace spending on the onshore shale sector this year, said Rystad Energy.According…
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Singapore MPA, Société Générale Join LNG Advocacy Group
The liquefied natural gas (LNG) advocacy group SEA\LNG has announced the appointment of Paul Taylor representing Société Générale and Capt M.
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Petrobras 2018 Production Shy of Target
Petroleo Brasileiro produced an average of 2.03 million barrels per day (bpd) in Brazil last year, the oil company said in a statement on Tuesday…
Latest news
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Government Shutdown: Atlantic Seismic Permitting Blocked by Judge
A federal court judge on Friday ruled that the federal government cannot process seismic testing permits for offshore oil…
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Oil Climbs as OPEC Output Drop Eases Concerns About Glut
Oil prices rose on Friday after an OPEC report showed its production fell sharply last month, easing some concerns about…
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Siemens Gamesa Launches First 10MW Offshore Turbine
Spanish offshore industry player Siemens Gamesa Renewable Energy (SGRE) has unveiled a giant new 10+ MW wind turbine it claims…
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Norway Awards 15 Exploration Licences to Lundin Petroleum
Europe’s independent oil and gas exploration and production company Lundin Petroleum announced that its wholly owned subsidiary…
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LNG REPORT: LNG Bunkering Vessels Rise to Nine, 30 More to Come
The liquefied natural gas (LNG) bunkering infrastructure is expanding globally and there are increasing numbers of LNG-bunker…
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Ivar Aasen Now Operated from Land
Aker BP on Wednesday said it has begun operating the permanently manned North Sea platform Ivar Aasen from an onshore control room in Trondheim…
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Woodside Boosts Spending for Next Leg of Growth
Australia's Woodside Petroleum Ltd on Thursday flagged higher-than-expected investment spending for 2019 as it steps up early…
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Aker BP Plans Output, Dividend Hike
Norway's Aker BP will boost dividend payments between now and 2023 and step up investment in developing offshore oil and gas fields next year…
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Shell Appoints Sawan as Upstream Boss
Royal Dutch Shell has appointed Wael Sawan to head its oil and gas production division, replacing Andy Brown who will step…
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Seacor Marine Acquires Three Cosco PSVs
The offshore marine support vessels operator Seacor Marine Holdings announced it has entered into definitive agreements to…
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Novatek Production Rose 6.9% in 2018
Russia's largest independent natural gas producer Novatek said that total hydrocarbon production during 2018 increased by 6.9%…
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Bahrain's First LNG Terminal Ready for Business
Bahrain expected to start LNG imports early this year; FSU on 20-year time charter to Bahrain LNG arrives in the GulfBahrain's…
Offshore Oil & Gas
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Woodside Awards Scarborough FEED Contracts
Australian independent oil and gas company Woodside said Wednesday it has awarded four contracts for front-end engineering…
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Equinor Makes Gas and Condensate Discovery off Norway
Norwegian oil company Equinor announced Wednesday it has proven gas and condensate in the 6406/2-9 S exploration well at…
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TenneT, Vattenfall Pact on Hollandse Kust Zuid
European transmission system operator TenneT Holding and offshore and wind farm developer Vattenfall have signed agreements…
Shale Oil & Gas
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U.S. Crude Stockpiles Fall More Than Expected - EIA
U.S. crude oil stocks fell more than expected last week, while gasoline and distillate inventories rose more than forecasts…
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Shell and PGGM Aim to Bid for Dutch Energy Company Eneco
Royal Dutch Shell and Dutch pension fund manager PGGM on Monday said they are investigating a joint offer for Dutch energy company Eneco .The 53 munic
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Saudi Arabia to Trim Oil Exports Further in February
Top oil exporter Saudi Arabia plans to lower its shipments further in February as it follows through on a global deal to…
LNG
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CNOOC Storing LNG Offshore
China's state-owned CNOOC is temporarily storing liquefied natural gas (LNG) in a tanker off South Korea as a warmer than…
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Gorgon LNG Plant in Australia Shuts Train 3
Chevron Corp's Gorgon liquefied natural gas (LNG) project has temporarily halted train 3 to address a mechanical issue, a…
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Melkoeya LNG Plant Restarts Operations
Norwegian oil and gas firm Equinor has restarted operations at its Melkoeya LNG plant after an outage ten days ago, the company…
Renewables
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Orsted Loses Political Support for Divestment
Shares in Orsted fell on Monday after the energy company, which is 50.1 percent owned be the Danish state, on Sunday announced that there was no longe
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K2 Management Opens Beijing Office
Offshore wind and sustainable energy consultancy K2 Management has opened an office in Beijing to support China’s wind and…
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German North Sea Wind Capacity Up 12.7%
Offshore wind power operators in the German North Sea raised generation capacity by 12.7 percent to 6,232 megawatts (MW) last year, nearing a governme
Technology
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SurfWEC to Tap Ocean Wave Power
New Jersey based marine engineering firm Martin & Ottaway together with industry partners, has formed a new company, SurfWEC LLC…
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Yxney, UniSea Join Force for Greater Energy Efficiency
The provider of software tools for the offshore industry UniSea has agreed to take part ownership of the energy efficiency…
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Hydrogen As an Energy Carrier
Hydrogen can play a significant role in decarbonizing world energy supply to mitigate climate change, according to a new research paper by DNV GL…
Legislation
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Norway Supreme Court Hears Snow Crab Case with Implication for Oil
Norway's Supreme Court began hearing arguments on Tuesday on whether EU ships can fish for snow crab off Arctic islands north…
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Exxon Ships Have Not Returned to Disputed Area off Guyana
Seismic research vessels hired by Exxon Mobil to explore for oil off Guyana's coast have not returned to the site of a December…
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US Working on Arctic Oil Leases Despite Shutdown
Even as a partial shutdown halts the functions of many U.S. government departments, forcing the Department of the Interior to close national parks…
