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Southeast Asia Bullish on OFS Market
Offshore project sanctions in Southeast Asia could lift greenfield investments in the oilfield services market by nearly 70 percent in 2020, said Rystad Energy.According to Norwegian energy research firm, the growth will be driven by a handful of new mega-projects across Malaysia…
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Global Offshore Wind Market Grows 30%
The global offshore wind market grew nearly 30% per year between 2010 and 2018, benefiting from rapid technology improvements and about 150 new offshore wind projects are in active development around the world.Europe in particular has fostered the technology’s development, led by the United Kingdom…
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Ørsted Inaugurates Historic Taiwanese OWF
Global offshore wind solutions provider Orsted inaugurated the Formosa 1 offshore wind farm in Taiwan, the first offshore wind farm built by Ørsted in Asia-Pacific.In the past three years, Ørsted has worked closely with joint venture partners, secured NTD 18.7 billion in project finance…
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Prysmian Wraps Up DolWin3 Gig
Prysmian Group, the major player in energy and telecom cable systems industry, has has announced that it commissioned the 900MW DolWin3 high voltage direct current (HVDC) offshore grid link in the German North Sea.Prysmian had secured this project in February 2013, with a contract…
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Kim Heng Enters Taiwan’s OWP
Kim Heng Shipbuilding & Engineering (KHSE), wholly owned subsidiary of Kim Heng Offshore & Marine (KHOM), has entered into a Memorandum of Understanding (MoU) for offshore wind farm projects (OWP) in Taiwan.KHSE did not disclose the name of the other signatory.Singapore headquartered…
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Orsted Breaks Ground for Taiwan OWP
Construction of Taiwan's Formosa 2, an offshore wind power (OWP) development project, officially broke ground in Miaoli County.Orsted…
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Shell Eyes Brazil Exploration Areas
The head of Royal Dutch Shell Plc in Brazil said on Friday that it currently made more sense for the company to look for…
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Equinor Begins Search for New CEO
Norwegian oil producer Equinor has started a search for a new chief executive, the Stavanger Aftenblad newspaper reported on Friday…
Latest news
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West of Shetlands Ups Offshore Production
West of Shetland production likely to overtake North Sea for Shell and BP’s UK portfolios by 2020, said a report.Over the…
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PGNiG Ups Stake in Duva Field, Norway
PGNiG Upstream Norway bought 10 percent shares in the PL636 and PL636B licenses in the North Sea from Pandion Energy, thus…
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Energy Transfer: VLCC Offshore Port to be Ready Early 2023
Energy Transfer LP said on Thursday discussions with potential shippers to build an offshore crude export facility in Texas…
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Moment of Truth for Brazilian Oil Auction is Here
Executives from many of the world's biggest oil companies gathered in Rio de Janeiro on Wednesday to compete in Brazil's…
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Shell to Buy French Wind Farm Firm
Royal Dutch Shell is buying French renewable power company EOLFI as part of its plans to ramp up the oil major's electricity…
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Marine Firm James Fisher Reports Cyber Breach
Marine services provider James Fisher and Sons Plc (JFS) said on Tuesday that hackers had gained unauthorized access to its computer systems…
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Asia's Oil Demand to Rebound in 2020 -FGE
Asia's oil demand growth is expected to more than double to 815,000 barrels per day (bpd) in 2020 from 380,000 bpd this year led by China and India, t
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U.S. Ingenuity Will Solve Climate Challenge: US DOE
The United States can tackle threats to the climate through technological advances as fossil fuels will remain a priority for the U.S.
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COLI, GRS Form Japanese Offshore Team
Germany's offshore broker Global Renewables Shipbrokers (GRS) has formed a strategic partnership with break bulk and project…
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Netherlands-Denmark HVDC Test Successful
Cable supplier Prysmian completes final high-voltage direct current (HVDC) test for 700MW submarine interconnector CobraCable…
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MOL Purchases Azerbaijan ACG, BTC Pipeline Stakes
MOL has signed an agreement with Chevron Global Ventures Ltd and Chevron BTC Pipeline, Ltd to acquire their non-operated…
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Chesapeake Energy to Reduce CapEx by 30%
U.S. oil and gas company Chesapeake Energy Corp said it expects its capital expenses to drop by about 30% in 2020 after it…
Exploration
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DEA Announces Thor OWF Tender
The Danish Energy Agency (DEA) has published detailed material concerning central elements and questions which will be discussed…
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APAC to Fuel Global Wind Power
Global wind power market size increased from $71.6bn in 2010 to $96.4bn in 2018. During the 2019–2030 forecast period, significant…
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Prince Frederik to Address WindEurope Event
Crown Prince Frederik of Denmark will deliver the opening address at the WindEurope Offshore 2019, which is claimed to be…
Drilling
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ADNOC to Buy Dozens of Rigs
The Abu Dhabi National Oil Company (ADNOC) said its drilling subsidiary will acquire dozens of rigs to support that national…
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Chrysaor Buys Stakes in OKEA’s 2 Licenses
North Sea oil producer Chrysaor Norge has exercised an option to buy stakes in OKEA’s Grevling and Storskrymten discoveries…
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SGRE Wins Hai Long 2 OWP
Spanish global renewable energy company Siemens Gamesa Renewable Energy (SGRE) has been selected as the preferred supplier…
Production
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Exceptional Growth in LNG Trade, Says Awilco
The exceptional growth in LNG trade recorded in the first half of the 2019 continued in Q3, says Awilco LNG Group, the Norwegian…
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Oil Prices Gain 2%
Oil futures gained nearly 2% on Friday as comments from a top U.S. official raised optimism for a U.S.-China trade deal,…
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Oil Rises on U.S. Crude Stocks Fall
Oil rose on Thursday after industry data showed a surprise drop in U.S. crude inventories, while comments from OPEC about lower-than-expected U.S.
