Asia liquefied natural gas (LNG) spot prices surged by 40% to a record high of over $56 per million British thermal units (mmBtu) on Wednesday, amid a global energy crunch and low gas inventories.Price agency S&P Global Platts' Japan-Korea-Marker (JKM)…
NOV-BLM has won a contract to deliver the jacking system for the new offshore wind installation vessel ordered by Van Oord.Van Oord, the Dutch marine and offshore services company, last week placed an order for a jack-up vessel that will be…
Gazprom's Swiss unit can challenge an EU gas rule that requires gas producers to be separate companies from those that control the pipeline, an adviser to the EU's top court said on Wednesday.Russia's Gazprom owns operator Nord Stream 2 and…
Oil hit a multi-year high on Wednesday above $83 a barrel, supported by OPEC+'s refusal to ramp up production more rapidly against a backdrop of concern about tight energy supply globally.The market later unwound those gains due to an American…
Democratic members of Congress from California seized on the oil spill off the state's coast to promote federal legislation to ban all offshore oil drilling, as investigators searched for what caused the pipeline to burst.About 3,000 barrels (126…
Brazilian oil company Petrobras has restarted production from the Manati offshore gas field in Brazil, after closure in September due to a leak in the onshore part of the export pipeline.Production from the field located in the Camamu Basin…
Horisont Energi, a low-carbon technology company based in Norway, has signed a framework agreement with Wood, a major global consulting and engineering firm.As Horisont Energi continues to mature projects in clean ammonia and hydrogen, Wood…
U.S. oil major ExxonMobil has signed an Expression of Interest to capture, transport, and store CO2 from its Fife Ethylene Plant, as part of the proposed Acorn carbon capture project in Scotland.The Acorn carbon capture project is designed to…
Aberdeen-based offshore well decommissioning company Well-Safe Solutions has won another contract for its Well-Safe Guardian P&A offshore rig.The contract is for the provision of the Well-Safe Guardian rig to decommission up to 14 wells on the Banff and Kyle fields in the UKCS…
A section of the oil pipeline that burst off the Southern California coast was displaced 105 feet (32 meters) across the ocean floor, officials said on Tuesday, fueling speculation that a ship's anchor may have caused the environmental disaster…
In case you missed our latest webinar, you can still watch it here!The rapid development of the offshore wind industry is driving the need for next-generation purpose-built construction assets.Offshore wind farm capacity is set to grow from 32GW at the end of 2020 to over 230GW by the end of 2030…
Canadian naval architecture firm Robert Allan Ltd. has unveiled a methanol-fueled RAptor 2400 crew transfer vessel (CTV), bringing the offshore wind industry closer to eliminating carbon emissions from the supply chain.As a marine fuel, methanol…
Oil spills into ocean waters, subject to winds and tides and spreading swiftly over wide areas, are difficult to clean up.The 3,000-barrel weekend spill off the coast of southern California is nowhere near as disastrous as mega-spills like the…
Israel is ready to renew efforts to solve its dispute with Lebanon over the delineation of their territorial waters in the Mediterranean, but it will not accept that Beirut dictates the terms of the negotiation, its energy minister said on Tuesday…
Spain's Repsol has hiked its 2030 capacity target for renewable energy generation by 60% and made a new pledge on cutting emissions from its oil and gas business, in the latest attempt by an energy group to limit its role in climate change.Facing pressure from investors…