The Louisiana Offshore Oil Port (LOOP), the largest privately-owned crude terminal in the United States, on Sunday shut its Marine Terminal operations due to the threat of Tropical Storms Marco and Laura in the Gulf of Mexico.Clovelly Hub deliveries remain normal…
GE Renewable Energy said Monday it was building the largest wind turbine rotor test rig of its kind, in Wieringerwerf, the Netherlands – on the border of the IJsselmeer, approximately 70 kilometers north of Amsterdam.The test facility is being constructed at LM Wind Power’s WMC Technology Center…
North Sea-focused provider of waste and decommissioning services Augean North Sea Services (ANSS) said Monday it had acquired the EcoCentre at Peterhead, Aberdeenshire.ANSS assists the treatment, recycling and re-use of waste material derived…
Building a versatile OSV fleet is expensive, even more expensive when your timing is wrong. Buy at the top and you can quickly find yourself exposed if the market suddenly turns, those shiny new assets depreciate rapidly, and large debts, that the (new) poor market cannot service…
Turkey said on Sunday that its Oruc Reis exploration vessel will now carry out seismic surveys in a disputed part of the eastern Mediterranean until Aug. 27, in a move likely to stoke tensions in the region.Turkey and Greece, NATO allies, vehemently…
Crude oil prices remained steady on Monday as storms closed in on the Gulf of Mexico, shutting more than half the region's oil production, although prices were capped by ongoing concerns about fuel demand being sapped by coronavirus lockdowns…
Exxon Mobil Corp is limiting output at its flagship offshore project in Guyana to 100,000 barrels-per-day (bpd) due to more issues with the reinjection of natural gas, the South American country's environmental regulator said on Friday.Exxon…
'Our Fatih drillship discovered 320 billion cubic meters of natural gas reserves, thanks to the drilling in the Tuna-1 well [...]. There is no stopping and resting for us until we become a net exporter in energy,' the Turkish president Recep Tayyip Erdogan tweeted on Friday…
Wintershall Dea, one of five western partners in the Nord Stream 2 gas pipeline project led by Russia's Gazprom, rejects sanctions planned by the United States to discourage its completion, chief executive Mario Mehren said on Wednesday.'We…
Three FPSO specialists are competing for Santos' Dorado FPSO front end engineering design contract, set to be awarded later this year.This is according to Carnarvon, Santos' partner in the Dorado field discovered offshore W. Australia in 2018…
Tekmar Group has informed that its subsidiaries have won 'multiple contracts' to supply subsea asset protection and stabilization technologies in the Middle East.Tekmar did not say who the clients were, describing them just as 'energy companies and tier one contractors in the Middle East…
Dutch offshore installation and construction company Heerema Marine Contractors has installed Pemex's Yaxche-C jacket and topside in Mexico, under a contract awarded by Cotemar.Heerema used its 'most experienced vessel' semi-submersible crane…
Poland, the only European Union country that has not pledged to be carbon neutral by 2050, could reach that goal by 2056, a study by the state Polish Economic Institute (PEI) showed on Wednesday.Poland generates almost 80% of electricity from…
Premier Oil said on Thursday it had agreed to terms for a long-term refinancing of its debt facilities, including $300 million of new equity and an extension to its credit maturities, after posting a first-half loss on weak crude prices. The British company said $2…
Germany based Buss Energy Group has acquired a 24.9 percent stake in Austrian drone specialist Aero Enterprise which provides drones for offshore wind turbine inspections.The Aero Enterprise drones are based on helicopter technology and thus can be used even at high wind speeds…