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Two LNG Tankers Bound for Australia's Prelude Facility Divert

Jan 19, 2021

Two liquefied natural gas (LNG) tankers that had initially signaled they would load at Royal Dutch Shell's Prelude floating LNG facility in Australia have diverted elsewhere, ship-tracking data showed on Tuesday.This comes just a week after…

Germany 'Regrets' U.S. Plan to Sanction Vessel Linked to Nord Stream 2 Pipeline

Jan 19, 2021

The United States has informed Germany that it plans to impose sanctions on a Russian pipe-laying ship involved in construction of the Russian-led Nord Stream 2 gas pipeline from Russia to Germany, the German Economy Ministry said on Monday…

Shift to Renewables Eases Key Environmental Problems, EU says

Jan 18, 2021

Europe's shift from fossil fuel-based electricity to renewable sources has reduced environmental problems while also cutting the greenhouse gas emissions causing climate change, the European Environment Agency (EEA) said on Monday.Renewable…

Oil Rises to 11-month High

Jan 12, 2021

Oil hit an 11-month high just below $57 a barrel on Tuesday, bolstered by Saudi Arabia's plans to limit supply, offsetting worries that rising coronavirus cases globally would curtail fuel demand.Brent crude settled up 92 cents, or 1.7%, at $56…

EIG Sells Share in Brazil-Bolivia pipeline, Eyes Petrobras' Assets

Jan 06, 2021

EIG Global Energy Partners has sold to Fluxys Belgium a portion of South America's biggest natural gas pipeline, clearing a regulatory obstacle to buying a bigger share of the Brazil-Bolivia duct, EIG's CEO said on Tuesday.U.S.-based EIG wants…

Siemens Gamesa to Charter Ziton's Jack-up

Jan 12, 2021

Danish offshore wind farm vessel provider Ziton has secured a contract for the Wind Enterprise jack-up vessel with the wind turbine maker Siemens Gamesa.According to Ziton's statement on Tuesday, Siemens Gamesa has, through a tender, selected…

TMC to Deliver Compressors for Shell's Bonga FPSO

Jan 11, 2021

TMC Compressors (TMC), a Norway-based provider of compressed air systems for the marine and offshore industry, has won a contract to supply a complete offshore topside compressed air system to Shell's Bonga Main FPSO in Nigeria.TMC will deliver…

Vestas to Lay Off 220 Employees in Denmark and UK

Jan 14, 2021

Wind turbine maker Vestas said on Thursday it will lay off 220 employees, primarily in Denmark and Britain, as part of the integration of its onshore and offshore operations.This follows the Danish company's October announcement that it would…

20 High Impact O&G Exploration Wells to Watch in 2021

Jan 13, 2021

High impact exploration has weathered a perfect storm of a pandemic, an oil price crash, and an accelerating energy transition, and enters 2021 with a substantial drilling program that should at least match 2020.High-impact exploration started…

SMM's Offshore Dialogue: The Value Of Wind And Water

Jan 12, 2021

At the SMM Hamburg's Offshore Dialogue online conference on February 2, international experts will discuss current trends in the offshore wind farms segment, technical challenges facing tidal and wave energy conversion, and innovative ocean monitoring technologies…

Saudi Cuts Drive Oil to 11-month High

Jan 07, 2021

Oil prices were steady on Thursday after hitting fresh 11-month highs on a fall in U.S. stockpiles and in the wake of a pledge by Saudi Arabia to cut output by more than expected.Brent crude was up 5 cents to $54.35 a barrel at 1231 GMT after touching $54…

A Historic Oil Price Collapse, with Worries Headed into 2021

Dec 29, 2020

This year was like no other for oil prices. Even as global prices end the year at about $51 a barrel, near the average for 2015-2017, it masks a year of volatility. In April, U.S. crude plunged deep into negative territory and Brent dropped below $20 per barrel…

Bowleven Names Chairman

Jan 11, 2021

Africa-focused oil and gas exploration company Bowleven, working to bring online the Etinde gas condensate field, off Cameroon, has appointed Jack Arnoff as Non-Executive Chairman with immediate effect. Arnoff is currently a Non-Executive Director of Bowleven…

Tekmar's Pipeshield Bags 'Largest' Contract

Jan 08, 2021

UK-based offshore energy technology and services company Tekmar has said that its Pipeshield International subsidiary has won its largest-ever contract.'Pipeshield International Limited...has secured its largest contract win to date, to design…

KrisEnergy Brings Online Cambodia's First Offshore Oil Project

Dec 29, 2020

Cambodia has begun extracting its first crude oil from fields in the Gulf of Thailand, in a venture between Singapore's KrisEnergy Ltd and the government, both parties said on Tuesday, bringing an end to years of delays.Prime Minister Hun Sen…

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