Supply of the five North Sea crude oil grades underpinning the dated Brent benchmark will average about 707,000 barrels per day (bpd) in February, loading programs showed, down from 813,000 bpd planned in January.Dated Brent is based on the Brent…
A joint venture of Korea Electric Power Corporation (KEPCO), Electricité de France (EDF) and Kyushu Electric Power Japan has awarded a high-voltage direct current (HVDC) cable installation and convertors package for the ADNOC-TAQA Lightning…
Courts in four Brazilian states have suspended a 50% hike in natural gas prices planned by state-run oil company Petrobras, likely kicking off an intense legal battle between the firm, the distributors that buy its fuel and various political authorities…
Italy's Prysmian plans to invest around 200 million euros ($226 million) to build a plant in the U.S. to produce submarine power transmission cables, CEO Valerio Battista said to the media in remarks confirmed by a company spokesman.The plant…
U.S. oil and gas executives are predicting higher production and drilling activity next year as oil prices climb, but say they face sharply higher costs, according to a poll released on Wednesday by the Federal Reserve Bank of Dallas.Some 49%…
Russian President Vladimir Putin said on Wednesday the Nord Stream 2 undersea gas pipeline would help to calm a surge in European gas prices and was ready to start exports now a second stretch of the pipeline has been filled.Nord Stream 2, completed…
Shelf Drilling announced it has secured contract extensions for a pair of jack-up drilling rigs with Chevron Thailand Exploration and Production, Ltd. for operations in the Gulf of Thailand.The extensions for the Shelf Drilling Chaophraya and…
The offshore transformer station of the Hollandse Kust (zuid) Alpha platform is successfully installed on the jacket in the North Sea, about 20 kilometers off the coast of The Hague, on Sunday. The transformer station is one of the two topsides of the Hollandse Kust (zuid) offshore grid…
Norwegian offshore wind services company Edda Wind said it has entered into a long-term contract with Siemens Gamesa Renewable Energy for one of its newbuild service operation vessels (SOV).The contract will commence mid-2023, and Edda Wind…
The U.S. has big plans for its offshore wind industry, and shipbuilders like Blount Boats and others are ramping up to capitalize on the unprecedented opportunity.Earlier this year, the Biden Administration unveiled its goal to have 30 gigawatts…
Eneti Inc. announced its subsidiary Seajacks UK Limited, a provider of installation and maintenance vessels to the offshore wind sector, has signed a contract with Dutch marine contractor Van Oord for the charter of wind turbine installation vessel (WTIV) Seajacks Scylla…
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…
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…
Norwegian offshore vessel operator Solstad Offshore ASA announced on Monday it has been awarded a new contract with Petróleo Brasileiro S.A. (Petrobras) for the 80.4-meter anchor handling tug supply vessel (AHTS) BOS Turquesa.The contract is three years firm…