Energy News


Aker Solutions CFO to Resign

Jun 02, 2020

Norwegian offshore engineering company Aker Solutions has said its Chief Financial Officer Ole Martin Grimsrud will resign in September.Aker Solutions said Tuesday that Grimsrud had given notice that 'he will leave the company September 1, 2020…

Partners Sanction $2.2B Fécamp Offshore Wind Farm

Jun 02, 2020

EDF Renewables, Enbridge, and wpd have announced the launch of a EUR2 billion (USD 2,2 billion) offshore wind farm in France following the finalization of financing agreements between the consortium and its financial partners during the weekend…

Oil Prices Rise Ahead of OPEC+ Meeting on Further Output Cuts

Jun 02, 2020

Oil prices rose on Tuesday, with traders waiting to see whether major producers agree to extend their huge output cuts to shore up prices at a virtual meeting expected later this week.Brent crude futures rose 0.91%, or 35 cents, to $38.67 a barrel as of 0427 GMT…

Nigeria Launches Licensing Round for Marginal Oilfields

Jun 02, 2020

Nigeria has launched its first licensing round for marginal oilfields in nearly 20 years, the Department of Petroleum Resources (DPR) said on Monday, despite court rulings last week that barred some of the fields from being auctioned.Marginal…

Seastar Wind Farm Connected to Elia's MOG

Jun 01, 2020

Belgium’s high-voltage transmission system operator Elia has informed said that the connection of the Seastar offshore wind farm marked the completion of Elia’s offshore power hub Modular Offshore Grid (MOG), Located 40 km off the Belgian coast…

Qatar Petroleum in 'Largest LNG Shipbuilding Deal in History'

Jun 01, 2020

Qatari state-owned oil and gas company Qatar Petroleum has entered into what it says 'are the largest LNG shipbuilding agreements in history to secure more than 100 ships valued in excess of QR 70 billion [USD19,2 billion] to cater for its LNG growth plans…

ONGC Moves 33 Offshore Rigs Ahead of Monsoon Season

Jun 01, 2020

ONGC has moved  33 offshore jack-up rigs to new drilling locations ahead of the adverse weather conditions associated with the Indian monsoon season. According to AqualisBraemar, which assisted with ONGC’s rig moves, said the operation was completed…

Suncor Extinguishes Fire on Terra Nova FPSO

Jun 01, 2020

A fire broke out on Saturday aboard Suncor Energy-operated Terra Nova FPSO offshore Canada, the offshore oil and gas regulator C-NLOPB said.Suncor told C-NLOPB that everyone onboard was accounted for and safe, and that the fire had been extinguished…

Allseas' Solitaire Vessel 'Up and Running' at Karish

Jun 01, 2020

Allseas' Solitaire vessel is 'up and running' with pipelay works on the Karish project in the Mediterranean Sea, offshore Israel, the vessel-owner said Friday.'Over the next few weeks, [Solitaire] will lay 90 km of export gas pipeline in water depths up to 1750 m…

Lebanon Postpones Offshore Licensing Round Again

Jun 01, 2020

Lebanon has again postponed the deadline for the submissions of applications for its second offshore licensing round, citing the effects of the COVID-19 pandemic and the decline in oil prices.Lebanon had in January postponed the deadline from…

Eversendai Bags Two Offshore Wind Contracts with Petrofac

Jun 01, 2020

Eversendai Offshore has been awarded construction contracts by Petrofac for two offshore wind projects in Europe, Bursa Malaysia-listed Eversendai said Monday.The first contract is for the fabrication and construction of an offshore wind substation platform topside…

IOG Hires Petrofac for Well Management at SNS Project

Jun 01, 2020

UK-based oil and gas company Independent Oil and Gas plc (IOG),  has awarded a well management contract to Petrofac for its Core Project Phase 1 in the UK Southern North Sea.The Core Project Phase 1 will develop and bring online the Southwark…

Ace Oil Tools Introduces Ace Splice Clamp

May 29, 2020

The oil and gas technology company Ace Oil Tools has launched its new Ace Splice Clamp to the completions market.Allowing multiple lines to be spliced with a single clamp, the ASC is a ‘sub-less’ downhole product that protects the control lines during completion…

Norway Earmarks $369M for Green Industry Investments

May 29, 2020

The Norwegian government proposes spending 3.6 billion Norwegian crowns ($369 million) on investments to make its economy greener as it gradually emerges from coronavirus lockdowns, the government said on Friday.'The crisis we are now in hasn't…

Oil Drops but Still Set for Biggest Monthly Gain in Years

May 29, 2020

Oil prices were dragged sharply lower on Friday by weak U.S. fuel demand, fears of a second wave of coronavirus cases in South Korea, and a worsening in U.S.- China relations, but were still on track for a hefty monthly gain.July Brent crude fell 72 cents…

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