Energy News

 

Höegh LNG to Supply FSRU in India in Q1 2021

Nov 19, 2020

Höegh LNG has entered into a binding commitment to supply H-Energy with an FSRU in Jaigarh, India from as early as the first quarter of 2021.Jaigarh is south of Mumbai in Maharashtra state, India. The final agreement will be for 10 years with annual termination options after year five…

Last Offshore Oil Auction Under Trump Shows Gulf of Mexico's 'Long future' - Officials

Nov 19, 2020

The Trump administration's final sale of oil and gas leases in the Gulf of Mexico generated nearly $121 million in high bids on Wednesday, an improvement from the last government auction held just as the coronavirus pandemic was beginning to depress world demand for fuel…

Sif-Smulders JV to Build Monopiles and Transition Pieces for Dogger Bank Wind Farm

Nov 19, 2020

SSE and Equinor, as developers of the giant Dogger Bank offshore wind farm project in the UK, have ordered monopiles and transition pieces for the Dogger Bank A & B phases. The monopiles and transition pieces will be built by the Sif-Smulders joint venture…

Norway: Oil Companies Raise 2021 Investment Plans

Nov 19, 2020

Oil and gas firms in Norway have boosted investment plans in recent months as more exploration and development projects are prepared, and as some costs have increased, an industry survey by the statistics office (SSB) showed on Thursday.The investment forecast for 2021 has been raised by 12%…

Pandemic Wiped 28,000 Oil & Gas Jobs in Australia, Rystad Says

Nov 18, 2020

The coronavirus pandemic has wiped 28,000 thousand oil and gas jobs in Australia this year, a quarter of the country's total oil and gas jobs count, Rystad Energy, a Norwegian energy market analytics company has found. 'Some of these jobs will be restored from 2021 onwards…

Oil Firms Boost Nigeria Security as Protests, Job Cuts Stoke Tension

Nov 18, 2020

Oil companies have asked security services to tighten surveillance as violent anti-police brutality protests and the expected sacking of hundreds of workers worsen desperation in the region, industry sources told Reuters.Already unemployment…

Last U.S. Offshore Oil Lease Under Trump to Test Industry Demand

Nov 18, 2020

The Trump administration on Wednesday will offer all available areas in the Gulf of Mexico for auction to oil and gas companies in its final offshore sale before the January inauguration of President-elect Joe Biden, a Democrat who has pledged to ban new drilling on federal lands and waters…

Ørsted Pens Offshore Wind Workforce Deal with NABTU

Nov 18, 2020

Offshore wind developer Ørsted has signed an agreement with North America’s Building Trades Unions (NABTU), the labor organization representing more than 3 million skilled craft professionals in the United States and Canada.'The partnership will create a national agreement designed to transition U…

Total, Jadestone Relinquish SC56 Offshore Block in The Philippines

Nov 18, 2020

Asia Pacific-focused oil and gas firm Jadestone Energy on Wednesday announced the voluntary relinquishment and termination of Service Contract 56 ('SC56'), offshore the Philippines. Oil and gas giant Total, the operator of the block, also relinquished its interest…

UK: Boris Johnson Outlines 10-point Green Plan with up to 250,000 Jobs

Nov 18, 2020

The UK Prime Minister Boris Johnson on Wednesday set out a ten-point plan for 'a green industrial revolution' which promises to create and support up to 250,000 British jobs.'Covering clean energy, transport, nature and innovative technologies…

Siemens Gamesa Names New CEO of Offshore Business

Nov 18, 2020

Spanish-German wind turbine maker Siemens Gamesa Renewable Energy has informed that Marc Becker is to return to the company as CEO of its Offshore business.He served as Managing Director for Germany and Head of Offshore Sales and Projects at Siemens Gamesa before leaving the company in early 2020…

Vaalco Buys Sasol's Interests in Offshore Assets in Gabon

Nov 18, 2020

Africa-focused oil and gas company Vaalco Energy has agreed to buy Sasol's 27.8%  interest in the Etame Marin block, and a 40% stake in Block DE-8, offshore Gabon. Vaalco said that the acquisition would almost double its total production and reserves…

Aker Offshore Wind Beefs Up Stake in Floating Wind Firm Principle Power

Nov 18, 2020

Norwegian offshore wind services firm Aker Offshore Wind has increased its stake in Principle Power, a company developing foundations for floating wind farms.Aker Offshore Wind's stake in Principle Power will grow from around 20 percent to an expected 39 percent…

Nigerian Long Delayed Oil Reform Bill to Pass 'Within Six Months'

Nov 18, 2020

Nigeria's House of Representatives will pass a long-delayed oil reform bill within six months, its speaker said on Tuesday, potentially paving the way for an overhaul of laws governing the country's oil and gas industry.The reforms have been…

Equinor to Raise Output from Johan Sverdrup Field to 500,000 BPD

Nov 18, 2020

Norwegian oil major Equinor said on Wednesday it will raise the output capacity at its Johan Sverdrup field by 30,000 barrels per day (bpd) to 500,000 bpd by the end of 2020, and plans a further increase next year.Sverdrup, the largest producing field in the North Sea…

Current News

Norway: Around 260 Schlumberger Workers Set to Strike over Pay

Norway: Around 260 Schlumberger Workers Set to Strike over Pay

DNV GL Suspends Nord Stream 2 Pipeline Work for Fear of U.S. Sanctions

DNV GL Suspends Nord Stream 2 Pipeline Work for Fear of U.S. Sanctions

Australia: Melbana Energy Expands Offshore Acreage Near Beehive Prospect

Australia: Melbana Energy Expands Offshore Acreage Near Beehive Prospect

BP, Ithaca Energy Bring Online Vorlich Offshore Field

BP, Ithaca Energy Bring Online Vorlich Offshore Field

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