Royal Dutch Shell said on Tuesday it would write off assets worth up to $22 billion after the coronavirus crisis knocked oil and gas demand and weakened the energy price outlook.The impairments follow the Anglo-Dutch company's decision to shift…
Nord Stream 2 AG, Russia's Gazprom-led company building the Nord Stream 2 gas pipeline in the Baltic Sea, has been granted permission from the Danish authorities to use pipelaying vessels with anchors instead of the dynamic-positioning ones…
Global oil demand will soar by a record 7 million barrels per day (bpd) in 2021 as the global economy recovers from the coronavirus pandemic but will remain below 2019 levels, OPEC said in its monthly report.It was the first report in which OPEC assessed oil markets next year…
U.S. energy regulators on Wednesday granted Delfin LNG a second one-year extension until September 2021 to build its proposed floating liquefied natural gas export facility off the coast of Louisiana.Delfin is one of several North American LNG…
Dutch geotechnical services firm Fugro has mobilized two additional vessels off the coast of New Jersey to support its ongoing site characterization work for Atlantic Shores Offshore Wind.Atlantic Shores Offshore Wind is a joint venture between Shell and EDF working to develop a 183…
Offshore energy industry logistics provider Peterson has agreed on a contract extension with Shell for quayside, warehousing, and transport services from Peterson’s Lowestoft base in the UK.Peterson has supported Shell from the east coast of…
Norwegian oil company OKEA has agreed to buy Equinor's stake in the Aurora gas discovery in the North Sea, offshore Norway for an undisclosed amount.OKEA will acquire Equinor’s 40% operated working interest in PL195 and PL195 B, which contain the Aurora discovery…
Australia's Woodside Petroleum Ltd plans to book impairments of $4.37 billion after tax, joining global energy majors that have slashed the value of their assets after a coronavirus-induced slump in oil and gas prices.The bulk of the impairment - $3…
Engineering and construction company McDermott International Ltd. has appointed Tareq Kawash as Senior Vice President for its Europe, Middle East and Africa (EMEA) region.Kawash was formerly the Senior Vice President for the Europe, Africa, Russia and Caspian (EARC) region…
OPEC and allies such as Russia meet on Wednesday to decide oil output policy from August amid broad market expectations the group will ease supply curbs as the global economy slowly recovers from the coronavirus pandemic.The Organization of the Petroleum Exporting Countries and allies…
French major Total has been named the upstream industry’s most-admired explorer, an accolade awarded in conjunction with Wood Mackenzie’s annual Exploration Survey. Dr. Andrew Latham, Vice President, Global Exploration Research, at Wood Mackenzie…
U.S. oilfield services provider Danos has won a contract with Shell to provide a production workforce across Shell production assets in the Gulf of Mexico.The assets to be covered by the agreement include Appomattox, Auger, Enchilada, Salsa…
The United States this week hardened its position on the South China Sea, where it has accused China of attempting to build a 'maritime empire' in the potentially energy-rich waters, despite regional concerns.The rivals have accused each other…
Oil prices eased on Thursday after OPEC and allies such as Russia agreed to taper record supply curbs from August, though the drop was cushioned by hopes for a swift U.S. demand pick-up after a big drawdown from the country's crude stocks.Brent crude fell 33 cents…
The Nord Stream 2 has requested a permit allowing it to use pipe-laying vessels with anchors to complete the final roughly 120-kilometer stretch of pipeline in Danish waters, Denmark's energy agency (DEA) said on Tuesday.Work on the project…
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