China National Offshore Oil and Gas Corp (CNOOC) is set to inject its struggling natural gas terminal and power unit into its flagship listed vehicle CNOOC Ltd, three senior sources with knowledge of the matter said. The plan for the internal merger…
Oil and gas companies might be heading for another round of 'brutal' cost cuts in the wake of the oil price crash caused by coronavirus outbreak and Saudi-Russia stand-off on output cuts.Wood Mackenzie’s Tom Ellacott said: “The price collapse…
Global classification society DNV GL has awarded a conformity statement to Norwegian solar energy company Ocean Sun for its floating solar design methodology.The conformity statement is the first of its kind and was issued following a thorough…
The European Investment Bank (EIB) has agreed to lend 250 million euros to the electricity transmission company TenneT for the western section of TenneT’s “Zuidwest 380 kV” project. According to the bank's statement, the project will enable…
The Norwegian economy remains strong despite the sharp fall in the price of oil, Norway's biggest export, but it is too early to tell what the full impact will be from cheaper crude and the coronavirus, Finance Minister Jan Tore Sanner said on Monday…
Losing more than a quarter of their value, oil prices were set on Monday for their biggest daily rout since the first Gulf War, after Saudi Arabia cut its official prices in a market already reeling from the impact of the coronavirus on global demand…
London-listed Serica Energy has resumed production from its Bruce platform in the UK sector of the North Sea, following a halt in January.Production was halted on Bruce while engineering work was carried out to secure an unused caisson, which was found to be in a deteriorated condition…
Macquarie's Green Investment Group (GIG) and EnBW Energie Baden-Württemberg AG have reached an agreement with Japanese utility JERA to join in developing Taiwan's Formosa 3 offshore wind farm. JERA now holds a 43.75% stake in the project. The Green Investment Group holds 31…
Magnora, an Oslo-listed company, formed after oil rig designer Sevan Marine sold its business to Sembcorp, has announced an investment into a wind project development.The news comes less than a month after Magnora initially voiced its intention…
Oil prices slid more than 4% on Friday after Reuters reported that Russia will not agree to steeper oil output cuts by OPEC and its allies to support prices. Brent and WTI crude futures tumbled by nearly $3 a barrel, or more than 5%, after the report…
The article originally titled 'Neptune Stops Gjøa Platform Flights on Coronavirus Suspicion' has been updated to include a statement by Neptune Energy, and to reflect the fact that the Neptune employee has tested negative on Coronavirus.Neptune…
Ørsted U.S. Offshore Wind, a U.S. subsidiary of the Danish wind power giant Ørsted, has signed an agreement with New Jersey's Montclair State University to support clean energy research and educational outreach activitiesUnder the agreement…
Hurricane Energy and Spirit Energy, partners in the Greater Warwick Area offshore the Shetland Islands, have updated the terms of the farm-in the companies had entered in September 2018.The two companies originally agreed on a phased work program…
Dutch offshore survey firm Fugro has won what it says is 'a large marine survey contract' with Inpex offshore Indonesia.Fugro has been contracted to carry out geophysical and geotechnical surveys and the associated studies needed to support…
Oil fell on Thursday as the coronavirus epidemic showed no signs of slowing, with deaths mounting globally, and while major producers agreed on deeper output cuts to bolster prices, they could not immediately secure Russian support for the decision…
Subscribe
