Nestlé's UK subsidiary has signed a 15-year indexed fixed price agreement with Danish offshore wind company Ørsted to buy green power from the Race Bank Offshore Wind Farm, off the coast of Norfolk.Nestlé UK will buy the output of 31MW of the offshore wind farm's 573MW total capacity…
The Trump administration will not make a broad cut to the royalty rate oil and gas companies must pay on their offshore drilling operations despite a historic oil price collapse that has put the industry in crisis, a Gulf Coast lawmaker briefed on the matter told Reuters on Wednesday…
The UK-based subsea well decommissioning specialist Well-Safe Solutions has awarded a contract to Fugro for the supply of an integrated marine-based solution onboard its Well-Safe Guardian offshore rig.The Well Safe Guardian is Well-Safe Solutions’…
Turkish national oil company TPAO's drillship Fatih is being prepared to move to the Black Sea to start drilling operations.The news was shared on social media both by TPAO and the country's energy minister Fatih DonmezDonmez on Thursday tweeted…
Russian oil companies are examining which wells they will cork, looking mainly at mature fields where production was falling anyway and as Moscow needs to deliver its biggest output cut ever to comply with the new global supply deal, sources said…
California Energy Commission has awarded Aker Solutions and Cognite a $2 million grant for a project called NextWind Real-Time Condition Monitoring.The project is focused on next-generation solutions in wind through digitalization and aims to…
Brazilian state-run oil firm Petrobras plans to restart operations in the coming days at two ships used in offshore oil production that suffered coronavirus outbreaks, an executive told journalists during a call on Friday.Petrobras Exploration…
Italian oilfield services provider Saipem has taken delivery of the DLB Norce Endeavour lay pipe barge from Solstad Offshore.As previously reported, following a charter period, Saipem in March elected to buy the vessel from Solstad.The vessel…
Indonesia's state oil and gas company PT Pertamina has bought a cargo of Australian North West Shelf (NWS) condensate at a deep discount of $8 a barrel to dated Brent on a cost-and-freight (CFR) basis, three trade sources told Reuters on Wednesday…
British North Sea oil and gas producer EnQuest cut its operating costs by a further $40 million to $335 million from previous guidance and senior management will take a voluntary 20% pay cut to weather an oil price slump, it said on Thursday…
The U.S. Interior Department said on Wednesday that one oil company had begun the process of requesting relief from royalty payments on its offshore production as the industry reels from slumping prices.Lawmakers representing U.S. Gulf Coast…
Offshore wind turbine supplier MHI Vestas has won an order to deliver wind turbines for a wind farm project offshore of Yurihonjo city in Akita Prefecture, Japan.The contract was announced Thursday by Renova, a partner in Akita Yurihonjo Offshore Wind GK (AYOW)…
Offshore wind turbine specialist MHI Vestas has appointed Masato Yamada as Regional Manager Asia Pacific to facilitate broader growth across the region.The company, a joint venture between Denmark's Vestas and Japan's Mitsubishi Heavy Industries…
Chinese independent refiners have snapped up rare crude grades from the North Sea and Guyana at low prices in an oversupplied market after the coronavirus pandemic destroyed demand, four sources with knowledge of the matter said on Tuesday.The North Sea grades bought included Balder…
China has increased U.S. crude purchases with some buyers snapping up cargoes at the widest discounts ever as sellers seek to offload excess supplies in Asia, six trade sources said on Wednesday.China started processing in March applications from its companies to waive import tariffs on U…
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