The conflict between Iran and the United States and Israel is creating the worst energy crisis ever faced by the world, the head of the International Energy Agency (IEA) said on Tuesday.'This is indeed the biggest crisis in history,' Birol told…
Data and intelligence firm TGS has extended the ongoing multi-year proprietary Ocean Bottom Node (OBN) acquisition contract in the Gulf of America.TGS said the OBN acquisition contract has been extended for three more years.“This continuation…
A Massachusetts judge on Friday blocked GE Vernova from abandoning work on the largest offshore wind farm in New England after developer Vineyard Wind refused to pay over $300 million the turbine supplier says it is owed for the $4.5 billion project…
The stop-start shipping traffic through the Strait of Hormuz underscores the profound uncertainty hanging over the world’s most critical oil and gas chokepoint. But one thing is already clear: even if the guns fall silent, flows through the…
Oil prices jumped more than 6% in early Monday trading on fears that the ceasefire between the United States and Iran could collapse after the U.S. seized an Iranian cargo ship and traffic through the Strait of Hormuz remained largely halted…
Honeywell has secured a contract to supply its liquefaction technology and equipment that will be used in additional trains at NextDecade’s Rio Grande LNG project in Texas.The agreement, executed with engineering, procurement and construction contractor Bechtel Energy…
Vineyard Wind has filed a lawsuit seeking to block a wind turbine-supplying unit of GE Vernova from terminating agreements and abandoning work on a $4.5 billion offshore wind farm in Massachusetts on the eve of completion.Vineyard Wind, a joint venture between Spain's Iberdrola IBE…
OneSubsea, a joint venture backed by SLB, Aker Solutions and Subsea7, has secured a contract by Beacon Offshore Energy to supply a subsea boosting system for the Shenandoah field in the Gulf of America.The contract covers delivery of a high‑pressure…
Occidental Petroleum (Oxy) has made an oil discovery at the Bandit prospect in the Gulf of America.The exploration well, located in Green Canyon Block 680 about 125 miles south of the Louisiana coast, encountered oil-bearing Miocene sands.Occidental…
Oil prices rose on Thursday as doubts over a fragile two-week Middle East ceasefire raised concerns that energy flows through the crucial Strait of Hormuz will remain restricted.Brent crude futures LCOc1 were up $2.18, or 2.3%, at $96.93 a barrel at 0645 GMT…
Shell said on Wednesday that weaker first-quarter gas output and a hit to short-term liquidity would be offset partly by stronger oil trading, offering an early glimpse into how the U.S.-Israeli war on Iranis reshaping oil majors' earnings.Global…
Technip Energies has received a substantial authorization to continue work on the Commonwealth LNG project in Louisiana, as the development moves toward a final investment decision.The authorization, awarded by Commonwealth LNG, allows the company to proceed with key engineering…
French President Emmanuel Macron said about 15 countries were planning to facilitate the resumption of traffic through the Strait of Hormuz, through which a fifth of the world's oil supply usually flows, after a ceasefire between the United States and Iran was announced…
Aberdeen-based subsea technology specialist Decom Engineering has secured a United States patent covering key elements of its Chopsaw cutting technology, strengthening its position in the subsea and onshore cutting market.The patent protects a combination of mechanical and operational features…
The U.S. and Israeli war against Iran has been characterised by a series of miscalculations by most of the involved and peripheral parties, but the real danger is the delusion over the scale of the resulting energy crisis.It is delusional of any nation to think that it…
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