Oil prices inched up on Friday as the bullish impetus from signs of fuel demand recovery was kept in check by a rising number of new coronavirus cases in the United States and China and tentative expectations of U.S. output ticking up.Brent crude futures were 40 cents higher at $41…
Offshore platforms delivering almost half of Norway's oil production might soon be powered from shore, which the government says, would reduce emissions considerably, given that Norway's mainland electricity comes mainly from hydropower and wind farms…
Norwegian company Parat Halvorsen will supply the electric boilers that will provide the heating on the Edvard Grieg platform offshore Norway when the field is supplied with power from shore. 'This means that the last piece of the puzzle to fully electrify Edvard Grieg is coming into place…
The Board of Directors of the Belgian Offshore Platform (BOP), Belgium's offshore wind industry body, has appointed François Van Leeuw as chairman.François Van Leeuw is co-CEO of Parkwind, a holding company of Colruyt Group that currently operates…
The government of Lithuania is pressing ahead with plans to develop a 700MW offshore wind farm in the Baltic Sea, and has this week proposed a location for the project which is expected to be completed by 2030.The offshore area in the Baltic…
Argentinian energy company YPF has sent a force majeure notice to Belgium shipowner Exmar, saying it is unable to pay for the charter of the Tango FLNG unit due to the effect of the coronavirus pandemic.According to Exmar, YPF claims that effects…
RWE sought on Friday to convince shareholders of its plans to move away from fossil fuels as environmentalists protested in its coal regions and as Germany prepares to pass a coal exit law from which it stands to gain 2.6 billion euros ($2.92 billion)…
French oil major Total has recently celebrated a major milestone - the production of the one billionth barrel of oil equivalent from its Elgin Franklin field in the UK sector of the North Sea, 240km east of Aberdeen.Two major reservoirs at the…
Offshore drilling contractor Dolphin Drilling has signed a letter of intent with an unnamed Norwegian oil company for a three-well plugging and abandonment campaign.The news was shared Friday morning by Dolphin Drilling's CEO Bjørnar Iversen…
OWC, formerly known as Offshore Wind Consultants, has set up an office in South Korea, a country with ambitious offshore wind plans. 'We continue our expansion into key emerging markets such as South Korea. We believe a local presence is central…
Occidental Petroleum Corp will write down the value of its oil and gas properties by up to $9 billion this quarter and restructure some debts to avoid a possible default, the company said on Thursday.The U.S. oil producer is trying to shed nearly…
Construction of Gazprom's ice-resistant offshore production platform for the development of the Kamennomysskoye-Sea field began Thursday at the shipyard of Southern Shipbuilding and Repair Center (part of United Shipbuilding Corporation) in the Astrakhan Region…
Brazil's state-run oil firm Petroleo Brasileiro SA said on Thursday that it has commenced oil and gas production at the Atapu well in the eastern portion of the country's massive Santos basin.Petrobras, as the company is known, is operating the well with the P-70 floating production…
From creating jobs in home insulation to hiking dirty fuel taxes and expanding electric-vehicle charging, Britain's government should harness the COVID-19 pandemic to accelerate cuts in planet-heating emissions, an advisory panel said on Thursday…
Norway's ambition to build a full-scale carbon capture and storage (CCS) chain could cost around $25 billion crowns ($2.58 billion), including operating costs for ten years, an economic analysis showed on Thursday.The International Energy Agency…