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Refit for Jack-up at Damen Verolme Rotterdam

May 29, 2018

Damen Verolme Rotterdam (DVR)  completed a refit project on the MPI Enterprise, a 120-metre, self-elevating, DP2, wind turbine installation vessel owned and operated by MPI Offshore, part of the Vroon Group.  The works included the installation of spudcans on her four-legged jacking system…

Zero Emission Ships: Comparing Fuel Choices

May 16, 2018

There's a new report out from the Sustainable Shipping Initiative (SSI) -- authorted by Lloyds Register (LR) and University Maritime Advisory Services (UMAS) -- that examines different fuel options and costs as increasingly the world's oceangoing fleet is pushed toward decarbonization…

Statoil to Become Equinor, Dropping 'Oil'

May 15, 2018

Shareholders in Norway's largest company, Statoil, will approve on Tuesday the board's proposal to drop 'oil' from its name as its seeks to diversify its business and attract young talent concerned about fossil fuels' impact on climate change…

Shanghai Crude Futures off to Cautiously Good Start

May 02, 2018

The new Shanghai crude oil futures have been trading for just over a month and have so far managed to build up reasonably strong volumes, but this success may only mask some wider concerns. The yuan-denominated contracts were launched on…

Asia's Gasoline Glut Drags on Refining Margins

Apr 20, 2018

Asia's gasoline crack on Thursday hit lowest since 2016; recent high refinery throughput countered maintenance season. Gasoline profits for Asia's oil refiners hit their lowest since 2016, while refining margins have touched a three-month low…

Schlumberger Fights to Boost Patent Damages at US Supreme Court

Apr 16, 2018

The U.S. Supreme Court on Monday appeared divided over whether to make it easier for companies to recoup profits lost due to the unauthorized use of their patented technology overseas in a dispute involving Schlumberger NV, the world's largest oilfield services provider…

US LNG Firms Lament Bad Timing of Tariffs, China Trade Spat

Mar 22, 2018

The Trump administration's planned steel tariffs and a potential trade battle with China could hurt U.S. liquefied natural gas companies just as a new wave of developments in the fast-growing market is gaining steam, company executives say. China is the fastest growing major buyer of LNG…

Vestas Bets on Geared Turbines in Tough Wind Markets

Feb 09, 2018

Geared turbines said to be cheaper than direct drive rivals and the wind power industry is facing severe cost pressures. Vestas is betting on geared wind turbine technology to meet the ambitious profit-margin target it promised when it reported quarterly results on Wednesday…

Current News

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Oil Market Stalls as Absence of Signals Compounds Summer Slowdown

INTERVIEW: Kris Kydd, Head of Robotics, at Total E&P UK; Total’s “Stevie the Robot”

INTERVIEW:  Kris Kydd, Head of Robotics, at Total E&P UK; Total’s “Stevie the Robot”

Opedal Tapped for Top Spot at Equinor

Opedal Tapped for Top Spot at Equinor

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DOF Subsea Wins 'Key Award' with Chevron in Australia

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China's Crude Imports Surged 25% in July

Indonesia's Price Cap Obstructing Gas Projects

Indonesia's Price Cap Obstructing Gas Projects

Repsol, Vestigo Tap Alam Maritim for Subsea Services

Repsol, Vestigo Tap Alam Maritim for Subsea Services

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