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Barclays Rejects Arctic Drilling

Jan 15, 2019

U.K.-based international bank Barclays  announced a new energy policy that significantly restricts the bank’s financing for the exploration or extraction of oil and gas in the Arctic.The policy  rules out funding for companies seeking to drill…

Eelectrification: Re-engineering a Low-carbon O&G Industry

Jan 11, 2019

Cleaner and greener: Azeez Mohammed, president & CEO of GE's Power Conversion business, discusses the key role of electrification technology in decarbonizing the oil and gas value chain.The renewables revolution is in full swing. However, renewable…

Italy to Block Exploration Permits

Jan 09, 2019

The Italian government is planning to block the issuing of about 36 permits to look for oil and gas as part of plans to cut the country's carbon footprint, the industry ministry said on Wednesday.In a statement the ministry said upstream oil…

Chevron, Occidental Invest in CO2 Removal Technology

Jan 09, 2019

Canada-based Carbon Engineering said on Wednesday it had received investment from a subsidiary of Occidental Petroleum Corp. and the venture capital arm of Chevron Corp. for its technology that removes carbon dioxide directly from the air.Oxy Low Carbon Ventures…

SeaRose FPSO Production Remains On Hold

Jan 07, 2019

Oil production continues to be suspended at the SeaRose FPSO, about 350 kilometers east of St. John’s for the last 50 days. There’s no information on when production will resume.Production was suspended and shutdown began on November 16 after two spills -  an estimated 250…

U.S. Supreme Court Rejects Exxon in Climate Change Document Fight

Jan 07, 2019

The U.S. Supreme Court on Monday cleared the way for the attorney general of Massachusetts to obtain records from Exxon Mobil Corp to probe whether the oil company for decades concealed its knowledge of the role fossil fuels play in climate change…

Valero Reports Oil Product Leak in Britain's Milford Haven Waterway

Jan 03, 2019

Valero Energy Corp said on Thursday that an unknown amount of oil product had spilled into the Milford Haven waterway in Pembroke in Wales.'Valero is working in coordination with response agencies to contain the effects from the release of oil…

ExxonMobil Drops USD 25 bln Canadian LNG Project

Dec 20, 2018

U.S. oil major Exxon Mobil Corp. has withdrawn its environmental assessment application for a $25-billion LNG export facility on the B.C. coast it proposed in 2015. No reasons given for withdrawing from environmental review process.“After careful review…

ExxonMobil Shelves Canada LNG Export Project

Dec 20, 2018

U.S. oil major Exxon Mobil Corp has withdrawn its WCC liquefied natural gas (LNG) export project in Canada from an environmental assessment, it said on Thursday, signalling that the project has been shelved.The decision to pare its LNG project…

Oil Majors Face Climate Target Pressure by Investors

Dec 19, 2018

U.S. and Norwegian oil majors Chevron and Equinor have become the latest target of activist investors moving to force five of the biggest oil companies to commit to fixed emissions targets and align with the Paris climate agreement.The effort…

Tilting at Windmills: Spain Strains to Meet Record Renewables Goal

Dec 19, 2018

Wind turbine maker Siemens Gamesa is booking 14 colossal specialized cranes, has hired new staff and boosted capacity by up to 80 percent at its Spanish factories as developers strain to meet a 2020 deadline for cutting carbon emissions.More…

ScanOcean, Neste Pact for Low-Sulfur Bunker Fuel

Dec 18, 2018

Finland oil refining and marketing company Neste Corporation and Swedish bunker and marine fuels provider ScanOcean AB enter into cooperation in delivering Neste’s low-sulfur marine fuel. ScanOcean AB is now an official reseller for Neste’s 0…

Bunker Industry Welcomes MSC Move on Fuel Safety

Dec 17, 2018

The International Bunker Industry Association (IBIA) has welcome a decision by the International Maritime Organization (IMO)'s Maritime Safety Committee (MSC) to add a new item to its agenda to address concerns about fuel safety, separating…

ExxonMobil Shareholders Want GHG Reduction Goals

Dec 17, 2018

A number of institutional investors in ExxonMobil Corp have said they will file a shareholder resolution which calls on the world's largest oil company to set targets for lowering its greenhouse gas emissions.The call, led by the New York State…

Ørsted Lauches Offshore Wind Biodiversity Policy

Dec 14, 2018

The largest energy company in Denmark, Ørsted A/S announced  ‘Offshore wind biodiversity policy’ to set out the principles that underpin our efforts to protect the natural environment in the areas where we develop, construct and operate offshore wind farms…

Current News

Keppel Offshore & Marine Wins $74,7M FPSO Conversion Work

Keppel Offshore & Marine Wins $74,7M FPSO Conversion Work

China: INE, PetroChina to Deliver Marine Fuel Overseas

China: INE, PetroChina to Deliver Marine Fuel Overseas

Tokyo Gas Joins Chiba Offshore Wind Partnership

Tokyo Gas Joins Chiba Offshore Wind Partnership

PetroVietnam Says Annual Output Unaffected by COVID-19

PetroVietnam Says Annual Output Unaffected by COVID-19

Moray East Offshore Wind Farm Jacket Transport Completed

Moray East Offshore Wind Farm Jacket Transport Completed

Interview: Kongsberg's Geir Oscar Løseth Discusses the Hybrid OSV

Interview: Kongsberg's Geir Oscar Løseth Discusses the Hybrid OSV

Oil Rises on Vaccine Hope, Weak Dollar

Oil Rises on Vaccine Hope, Weak Dollar

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