China's oil consumption is expected to keep growing for a decade on robust chemical demand, reaching a peak of about 780 million tonnes per year by 2030, a research institute affiliated with China National Petroleum Corp (CNPC) said on Sunday…
The U.S. Department of Energy (DOE) is establishing a new office it says will help deliver on President Joe Biden’s climate agenda, create jobs and reduce pollution while benefitting disadvantaged communities.President Biden’s $1 trillion bipartisan…
Brent crude oil rose towards $77 on Monday due to hopes that the Omicron COVID-19 variant will have a limited impact on global demand in 2022, even as U.S. crude came under pressure from flight cancellations amid surging cases.More than 1,300 flights were cancelled by U…
Venezuela this year almost doubled its oil production from last year's decades-low as its state-owned company struck deals that let it pump and process more extra heavy crude into exportable grades.The surprising reversal began as state-run Petroleos de Venezuela…
Europe, struggling with soaring gas prices, is missing out on additional Russian supplies amid delays to the Nord Stream 2 pipeline, a top Russian official signaled on Friday.Deputy Prime Minister Alexander Novak said European companies that invested in the project…
Australian oil and gas industry safety regulator NOPSEMA has ordered Shell to keep the giant Prelude FLNG facility off W. Australia shut until it can convince the regulator that it can keep the facility properly powered and that the safety systems are operational…
Brent crude futures snapped a three-day rally on Friday in light holiday trading but the benchmark was still headed for a weekly gain, with the market focusing on next steps by OPEC+ and the impact of the Omicron variant.Brent crude futures slid 41 cents…
UK-based offshore wind developer SSE Renewables has informed that construction of Seagreen, the world’s deepest fixed bottom offshore wind farm, which is also Scotland’s largest, has reached another milestone with the installation of a jacket…
Oil and gas company Equinor has declared options to extend the contract for Eidesvik Offshore's supply vessel Viking Queen.The contract extension runs from the end of January 2022 in direct continuation of the current contract.The extension means the 2008-built…
Classification society and testing, inspection and certification services firm Bureau Veritas has welcomed the UK government’s recently announced plans to invest in the tidal energy industry, suggesting that tidal stream electricity has the…
The Vladimir Filanovsky offshore field in the Caspian Sea, operated by Russian oil and gas giant Lukoil, has produced more than 30 million tonnes of oil, according to the company.In 2021, the field saw five development wells built (including…
Russia's Gazprom will complete the filling of the Nord Stream 2 gas pipeline by the end of this year, Chief Executive Alexei Miller said on Thursday, according to the Interfax news agency.The first of the two lines of the pipeline, which runs from Russia to Germany…
A few months back, Offshore Engineer ran a feature on who's doing what in the development of the world's largest offshore wind farm - the 3.6GW Dogger Bank project in the UK - covering suppliers of turbines, cables, installation services, vessel-owners…
Australian oil and gas company Western Gas has said that regulator NOPSEMA has accepted its Environment Plan to manage activities for the Sasanof-1 exploration well on the North West Shelf, Australia.Drilling is scheduled to start in March/April 2022 using the Valaris MS-1 semi-submersible rig…
Oil company Taylor Energy Co LLC agreed to transfer a $432 million cleanup trust account to the U.S. government and pay an additional $43 million to resolve a lawsuit over its role in the longest-running oil spill in U.S. history under a proposed deal filed in New Orleans federal court on Wednesday…