The European Union has imposed sanctions against two persons for their involvement in Turkey's offshore drilling activities near the Cyprus coast in the Eastern Mediterranean.'Today, the [European] Council has placed two persons under restrictive…
Shell has chosen Maersk Convincer as Jack-up Rig of the Year 2019, recognizing the rig’s successful operation offshore Brunei, Maersk Drilling, the owner of the rig said Friday.Maersk Convincer arrived in Brunei In September 2017 to continue operations for Brunei Shell Petroleum…
The Global Wind Energy Council (GWEC) and the Japan Wind Power Association (JWPA) have announced that they have formed a joint Japan Offshore Wind Task Force to drive offshore wind growth in Japan.As of December 2019, Japan has 65.6MW of offshore wind capacity…
European developer and operator of renewable energy SSE Renewables and Equinor have renamed their trio of projects in the Dogger Bank totalling 3.6GW.The three offshore wind sites are renamed to recognise their link to the historic area in which they are situated…
Maritime offshore-services supplier Vroon Offshore Services (VOS) Ltd has secured a three-year contract extension with BP, worth around £30million.VOS, one of the largest providers of emergency response and rescue vessels (ERRV) in the North Sea…
Amid a raft of February orders and near-orders for floating production storage and offloading vessels, or FPSOs, comes a new report suggesting those shipyards and engineers able to piece them together may soon be feeling the strain.'The strong pace of recent orders has a downside…
The upstream oil and gas sector’s biggest commercial fear from the Coronavirus (COVID-19) epidemic is its impact on demand and prices. Only a small proportion of global supply comes from the worst-affected regions.Manufacturing shutdowns and shipping bottlenecks are causing project delays…
Norwegian energy intelligence firm Rystad Energy has further slashed its expected oil price estimates for 2020, citing the effect of the coronavirus epidemic. What is more, Rystad says another downward revision might happen soon.'As China’s…
A consortium of Gasunie, Groningen Seaports, and Shell on Thursday announced plans to build a massive green hydrogen plant in Groningen.The project, dubbed Europe's largest green hydrogen project, and named the NortH2, envisions the production…
Norwegian company Endur has struck a deal with the bankruptcy estate to buy back Endur Industrier, a part of the recently bankrupted Endur Energy Solutions.As previously reported, Endur Energy Solutions, a provider of maintenance, modification…
Oil prices fell over 2% on Thursday, plunging for a fifth day to their lowest since January 2019 as a rise in new coronavirus cases outside China fuelled fears of a pandemic that could slow the global economy and dent demand for crude.Brent crude was down $1…
By Chris Thompson, chairman of engineering firm Express EngineeringWe all know that the global oil and gas industry operates in a shifting and challenging business environment.Variations in supply and demand linked to global geopolitical issues…
Denmark's Maersk Decom has won a contract for complete plugging and abandonment of Tullow Oil’s Banda and Tiof fields offshore Mauritania.This is Maersk Decom's first project where the company will provide an end-to-end plugging and abandonment solution under one single contract…
Italian oil company Eni has upgraded its resource estimate for the Agogo field offshore Angola to over one billion barrels of oil in place. The field started production in January 2020.Eni said Wednesday it had successfully drilled Agogo-3,…
Norway's sovereign wealth fund, the world's largest, made a 19.9% return on investment last year, earning a record 1.69 trillion Norwegian crowns ($180 billion) as stock markets rallied, it said on Thursday. The $1.1 trillion fund's return for the year was stronger than that of its benchmark index…
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