Norway PM to Name Tina Bru as New Oil Minister -DN
Norwegian Prime Minister Erna Solberg will appoint Conservative lawmaker Tina Bru as oil and energy minister, business daily Dagens Naeringsliv and public broadcaster NRK reported on Thursday, citing unnamed sources. The office of the prime minister declined to comment. Bru was not available for immediate comment.If confirmed, 33-year-old Bru will oversee western Europe's largest petroleum industry…
U.S. Drillers Add Rigs for First Month in 13
U.S. energy firms reduced the number of operating oil rigs for the first time in three weeks as producers follow through on plans to slash spending on new drilling.Drillers cut 8 oil rigs in the week to Dec. 27, bringing the total count down to 677, the lowest since the week to Nov. 15, energy services firm Baker Hughes Co said in its closely followed report on Friday.
U.S. Drillers Add Most Rigs Since Feb 2018
U.S. energy firms added the most oil rigs this week since February 2018 - primarily in the Permian shale - even though producers have been reducing spending on new drilling for much of this year.Companies added 18 oil rigs in the week to Dec. 20, bringing the total count to 685, the most since early November, energy services firm Baker Hughes Co said in its closely followed report on Friday.In the same week a year ago…
U.S. Drillers Add Rigs for first Week in Eight
U.S. energy firms added rigs for the first time in eight weeks even as producers follow through on plans to reduce spending on new drilling.Companies added 4 oil rigs in the week to Dec. 13, bringing the total count to 667, energy services firm Baker Hughes Co said in its closely followed report on Friday.In the same week a year ago, there were 873 active rigs.That keeps the oil rig count on track to fall for the first year since 2016.
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 for a sixth consecutive week as producers slash spending on new drilling.Drillers cut three oil rigs in the week to Nov. 27, bringing the total count down to 668, the lowest since April 2017, energy services firm Baker Hughes Co said on Wednesday in a report released two days early due to the U.S. Thanksgiving holiday.
Abadi LNG Development Deal Reached
Japan's biggest oil and gas explorer Inpex Corp and the Indonesian government signed a basic agreement on the development of Indonesia's Abadi liquefied natural gas (LNG) project on Sunday, moving forward the $15 billion project.Inpex President Takayuki Ueda said the Japanese company, which owns a 65 percent stake in the project, said they plan to submit a development…
SENER Names Álvaro Lorente as MD
Spanish engineering and technology group SENER has appointed Alvaro Lorente, former Operations Manager in the energy division as Managing Director.He graduated in Industrial Engineering from the Pontificia Comillas University (ICAI), majoring in Electrical Engineering, and joined SENER in 1991. Among other posts, he has been head of SENER's Mechanics Section…
Croatia Approves Tender for Oil and Gas Exploration
Croatia on Wednesday approved a tender for oil and gas exploration in mountainous areas of the country's central and southern regions.The details of the tender will be released by the state-run Hydrocarbon Agency, which is in charge of running the process, at a later date."There will be four exploration blocks in the overall area of 12,134 square km.
New Jersey Board of Public Utilities Backs Offshore Wind
The New Jersey Board of Public Utilities (NJBPU) is remaining committed to supporting the state’s goals of generating 3.5GW of offshore wind by 2030 and reaching 100% of renewable energy by 2050.The Offshore Wind Supply Chain Networking Event at Princeton University’s Andlinger Center for Energy and Environment provided information about the state’s plans for offshore wind…
Croatia Acts to Cut Red Tape for FSRU Terminal Project
The Croatian government proposed a special law on Thursday to facilitate the construction of an EU-backed liquefied natural gas (LNG) terminal in the northern Adriatic.The floating terminal is expected to start operations in 2020.The European Union wants the facility to help diversify sources of supply and reduce dependence on Russian gas, most notably for countries in central Europe.Brussels will invest 101.4 million euros ($121 million)…
Britain to Stay in EU Carbon Market until 2020
Britain intends to remain in Europe's emission trading system (ETS) until at least the end of its third trading phase running from 2013-2020, Britain's energy minister said on Wednesday. The status of Britain's participation in the scheme following the country's exit from the European Union in March 2019 had been unclear until now. Energy and clean growth minister…
New Executive Orders Loom on Environment, Energy
U.S. President Donald Trump this week will sign new executive orders before he completes his first 100 days in office, including two on energy and the environment, which would make it easier for the United States to develop energy on and offshore, a White House official said on Sunday. "This builds on previous executive actions that have cleared the way for job-creating pipelines…
US State Dept to Approve Keystone Pipeline Permit Friday
The U.S. State Department will approve on Friday the permit needed to proceed with construction of the Canada-to-United States Keystone XL oil pipeline, a project blocked by former President Barack Obama, according to two government sources familiar with the process. The move would mark the beginning of process that could be lengthy and complicated by approvals needed by state regulators and legal challenges.
Ocean Mapping: Fugro Partner with Shell on X-Prize
Fugro will partner with the Shell Ocean Discovery XPRIZE to support first round testing of the global, three-year competition, which incentivizes development of rapid, unmanned and high resolution ocean mapping technologies. Fugro’s role is to provide high resolution deepwater baseline bathymetry data over a 500 sq. km competition area. The company has recently collected more than 1 million sq.
Croatia FLNG Terminal Completion Delayed 12 Months
Croatia's floating liquefied natural gas terminal in the northern Adriatic will take a year longer to complete, Energy and Environment Minister Slaven Dobrovic told an energy conference on Wednesday. The capacity of the terminal, now expected to be finished in 2019, is seen at around two billion cubic metres of gas a year, with Croatia targeting central European markets as well as domestic.
U.S. DOE Balks at Trump Request for Names on Climate Change
The U.S. Energy Department said on Tuesday it will not comply with a request from President-elect Donald Trump's Energy Department transition team for the names of people who have worked on climate change and the professional society memberships of lab workers. The response from the Energy Department could signal a rocky transition for the president-elect's energy…
Trump Makes Pro-oil Interior Dept. Pick
U.S. President-elect Donald Trump will pick U.S. Representative Cathy McMorris Rodgers, a climate-change skeptic and an advocate for expanded oil and gas development, to run the Interior Department, a Trump aide said on Friday. The appointment could mean easier access for industry to more than a quarter of America's territory, ranging from national parks to tribal lands stretching from the Arctic to the Gulf of Mexico…
Four British Power Firms Call for Carbon Tax Extension
Four British power generators have called on the government to maintain the country's carbon tax until at least 2025, according to a letter seen by Reuters, putting them at odds with industrial groups who want it scrapped. The carbon tax is paid by power generators for each tonne of carbon dioxide (CO2) they emit, and was frozen in 2014 at 18 pounds per tonne until 2021.
Essar’s Vadinar Refinery Wins PetroFed Award
Essar Oil’s 20 MTPA Vadinar refinery received the coveted “Refinery of the Year’’ award by Petroleum Federation of India (PetroFed). Mr Lalit Kumar Gupta, Managing Director & Chief Executive Officer, and Mr C Manoharan, Director-Refinery, accepted the award at a glittering ceremony in New Delhi on 8 August 2016. This is the second instance that the refinery has received the award, after having won it for the first time in 2011.
Genoil Appoints Consultancy BLUE
Genoil Inc. (GNOLF), the publicly traded clean technology engineering company for the petroleum industries, today announced the appointment of BLUE Communications Ltd, a leading communications and business consultancy specializing in the marine, energy and environment sectors. BLUE will support Genoil’s management team in effectively positioning Genoil within the shipping industry…