Moldova, a small, landlocked country in eastern Europe, imports three-quarters of its energy and has seen its energy prices rise by more than half in the past five years.But that could soon change, according to the United Nations Development Programme (UNDP)…
New rules coming into force from 2020 to curb pollution produced by the world's ships are worrying everyone from OPEC oil producers to bunker fuel sellers and shipping companies.The regulations will slash emissions of sulfur, which is blamed…
Offshore oil services firm Subsea 7 has made an unsolicited offer worth about $2 billion for U.S. rival McDermott, potentially breaking up the U.S. company's agreed deal with onshore engineering firm Chicago Bridge & Iron (CB&I).The deal could…
Three firms that bought crude oil last year from U.S. emergency stockpiles raised concerns about dangerous levels of a poisonous chemical in the cargoes, according to internal Energy Department emails and shipping documents reviewed by Reuters…
Offshore rig firm Borr Drilling, controlled by Norwegian investor Tor Olav Troeim, is proposing to buy its rival Paragon Offshore for $232.5 million in a push to consolidate the fragmented rig market, it said on Thursday. A plunge in oil…
Monday U.S. holiday pulls WTI's Friday gain into Tuesday. Brent crude oil prices eased on Tuesday, pulled down by a stronger dollar and a bout of profit-taking, while U.S. futures gained, bringing the discount between the two key futures contracts to a six-month low…
Shell spends $400 mln in recent weeks on renewables, power. Royal Dutch Shell has spent over $400 million on a range of acquisitions in recent weeks, from solar power to electric car charging points, cranking up its drive to expand beyond its oil and gas business and reduce its carbon footprint…
The world's top oil companies are expected to generate more cash in 2018 than at any other time this decade after three painful years of cuts, but it isn't party time yet.The shift in sentiment has been rapid as crude prices have risen by…
BP has brought the Bruce, Keith and Rhum fields back on production following the successful repair of the Forties Pipeline System, Serica Energy reported on 12 January. Production from the fields was shut-in on 11 December, along with other fields using the system…
Floating production solutions firm SBM Offshore today (16 January) closed its $1 billion sale of Turritella, the world’s largest floating production storage and offloading (FPSO), to Royal Dutch Shell. The sale, announced in July 2017…
Houston-based marine seismic node firm FairfieldNodal has finalized its acquisition of UK-based marine geophysical services firm WGP Group from Thalassa Holdings. The acquisition will have an effective date of 31 December 2017. FairfieldNodal…
Taking a look back on the year that was 2017, our OEdigital.com website's most popular stories pretty much tell everything you need to know. While the industry is still adjusting to the downturn, the bright spots are few, but significant…
Forties Pipeline System (FPS) operator Ineos says all restrictions on flow through the pipeline have now been lifted following mechanical completion of a repair to the onshore section of the major North Sea export trunkline. 'All restrictions…
When design-to-first-oil takes 10 years, keeping up with communication technology can be a challenge. Elaine Maslin details what BP has done for its latest North Sea projects (originally published in OE's December 2017 issue). With new technologies appearing all the time…
Accurate monitoring of oil and gas production is an increasingly valuable tool for operators and surveillance engineers but, until recently, visibility of data has been almost exclusively available to on-site operators. For those involved in remote surveillance and decision support…
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