OPEC+ agreed steep oil production cuts on Wednesday, curbing supply in an already tight market, causing one of its biggest clashes with the West as the U.S. administration called the surprise decision shortsighted.OPEC's de-facto leader Saudi…
Bureau Veritas Solutions Marine & Offshore, the marine and offshore technical advisory branch of Bureau Veritas, saw a surge in the decommissioning support field orders in the first six months of 2022.The company said that new decommissioning support deals in the UK…
Knutsen NYK Offshore Tankers (KNOT), an affiliate of NYK, has taken delivery of a dual-fuel LNG shuttle tanker built at Daewoo Shipbuilding & Marine Engineering yard in South Korea. The vessel has been named “Sindre Knutsen.”Like its sister ship “Frida Knutsen…
Germany's Uniper is prepared to swap liquefied natural gas (LNG) it gets from Australia's Woodside or U.S. gas, so it can boost supplies in Europe more quickly during the coming winter, it said.The strategy reflects efforts by companies and…
RWE is holding talks with a larger number of suppliers of liquefied natural gas (LNG), not just Qatar and North America, CEO Markus Krebber said, as Germany's largest power producer continues its efforts to replace Russian gas volumes.RWE earlier…
Russian gas giant Gazprom has decided not to pay dividends on last year's results, the first time it will not pay out since 1998, sending its shares plunging by nearly 30%.'The shareholders decided that in the current situation it is not advisable to pay dividends based on the 2021 results…
U.K.-based Chartwell Marine is introducing its expanded range of offshore energy support vessel (OESV) designs ahead of Seawork 2022 this month.The new design range, spanning classes A to D outlined below, offers a foundation for the integration…
Korea Shipbuilding & Offshore Engineering (KSOE) has mostly filled its order book for the next 2-1/2 years as the pandemic drove demand for container ships, leaving little room to meet the needs of the liquefied natural gas (LNG) sector, a senior company executive said…
Europe's race to replace Russian gas supply has threatened Australia's plans for five gas import terminals as they compete for key infrastructure, raising the risk of a supply shortfall in Australia's populous southeast in the next two years…
India has received 34 million barrels of discounted Russian oil since Moscow invaded Ukraine on Feb. 24, according to Refinitiv Eikon data, more than trebling the value of total imports from Russia, including other products, compared with the same period of 2021…
The merry-go-round of liquefied natural gas (LNG) between Europe and Asia appears to be tilting back toward Asia as buyers in the top-consuming region start to chase cargoes ahead of the summer demand peak.The dynamics of the LNG market for…
The Abu Dhabi National Oil Company (ADNOC), oil major BP, and Abu Dhabi future energy company Masdar have joined forces to develop clean hydrogen and technology hubs.Announcing their new-energy partnerships, ADNOC said the H2Teesside low-carbon…
ASX-listed SRJ Technologies Group plc in December last year struck a deal to buy the UK-based oilfield services firm STATS. However, STATS said Monday that the deal had fallen through over SRJ's inability to raise funds for the deal.'[STATS…
Exxon Mobil Corp doubled its first-quarter per-share profit, it said on Friday, but the results fell short of Wall Street estimates, even excluding a $3.4 billion writedown from its withdrawal from Russia.The top U.S. oil producer tripled its buyback program…
Top oilfield services firm Schlumberger reported a higher first-quarter profit on Friday and increased its dividend by 40%, as rising oil prices boosted demand for services and equipment.Oil prices climbed to their highest in more than a decade…
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