South Korean shipbuilding giant Hyundai Heavy Industries' Floating LNG to Power solution - Hi-FL2P - has been granted an approval in principle certificate by the global classification society Bureau Veritas.‘Hi-FL2P’ has been described as an…
Fossil fuel consumption is set to shrink for the first time in modern history as climate policies boost renewable energy while the coronavirus epidemic leaves a lasting effect on global energy demand, BP said in a forecast.BP's 2020 benchmark…
Sweden's Alfa Laval has secured two orders to supply Framo pumping systems for two FPSOs to operate offshore Brazil.Alfa Laval did not say who the clients were but said the orders had a total value of around SEK 155 million (around USD 17,7 million)…
Offshore platforms and one refinery along the U.S. Gulf Coast shut down on Sunday as they prepared for a second hurricane strike in less than a month.Phillips 66 began shutting its 255,600 barrel-per-day (bpd) Alliance, Louisiana, refinery as…
Policymakers still tend to talk about the global energy transition in the future tense, as something that might or will happen in the next few decades, but the transition is already well underway and shows signs of accelerating.Global energy…
A U.S. Gulf of Mexico crude oil pipeline owned by Genesis Energy LP is not expected to be fully restored before Oct. 1, the company said on Thursday, after destructive storms tore through the coastal region late last month.Houston-based Genesis…
Pharos Energy said Friday it had received approval from the Prime Minister of Vietnam for the development plan of an offshore oil field in Vietnam.Pharos, until recently known as Soco International, said that the approval of what is called the…
Oil major Shell has kicked off production from its Fram gas and condensate field in the UK North Sea, two years after making a final investment decision for the project.The field, discovered in 1969, is located around 221 kilometers (137 miles)…
Asia Pacific-focused oil and gas production company Jadestone Energy declared a maiden interim dividend on Thursday and reported positive operating cash flows in the first half, despite a slump in crude oil prices.The maiden dividend payout…
Canadian oil and gas company Husky Energy said Wednesday it would put under 'a review' its West White Rose offshore oil project in Canada's Atlantic region, citing delays due to the suspension of all works on the project earlier this year due to the global pandemic…
Turkey could save up to a whopping $21 billion in gas import costs with the development of it recently hit Tuna-1 gas discovery in the Black Sea, Norwegian energy intelligence firm Rystad Energy has estimated.As previously reported, Turkish…
U.S. oil company ExxonMobil has made an oil discovery at the Redtail-1 well, offshore Guyana. The news of the discovery was shared Tuesday by both Exxon, and Hess, Exxon's partner in the prolific Stabroek Block, This is the U.S. oil major's…
Oil slid more than 3% towards $40 a barrel on Tuesday, its 5th session of decline, pressured by concerns that a recovery in demand could weaken as coronavirus infections flare up around the world.Coronavirus cases rose in 22 of the 50 U.S. states…
Brazil's Petrobras has completed the Drill Stem Test (DST) in the area of the Júpiter Discovery Assessment Plan, located in the Santos Basin pre-salt, reporting excellent well productivity, but high CO2 content.The Jupiter area belongs to the BM-S-24 concession…
Woodside-operated North West Shelf (NWS) LNG project in Australia could have up to 7 million tonnes per annum (mmpta) of spare capacity available by 2027. This equates to 40% of the project’s nominal capacity, energy intelligence firm Wood Mackenzie said in a report this week…
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