U.S. energy firms this week reduced the number of oil rigs operating for a third week in a row after drilling slowed for nine straight months as independent producers cut spending by about 10% this year.Drillers cut four oil rigs in the week to Sept…
Shared monitoring systems that provide comprehensive insight into CTV capabilities and limitations will support safety, planning & cost reduction for offshore wind owners. Offshore wind project owners are missing out on significant cost savings…
Commitment to accelerating the energy transition is gathering pace, as operators and technology developers at SPE Offshore Europe 2019 said they will invest to secure a more sustainable energy mix.In another encouraging sign that the energy…
Estonian energy company Eesti Gaas began providing liquefied natural gas (LNG) bunkering services to LNG-powered vessels in the port of Hanko, Finland, for the first time in addition to Tallinn and Helsinki.For the port of Hanko, this means scheduled LNG bunkering on its premises…
The $21.3 billion Arctic liquefied natural gas (LNG)-2 project on the Gydan Peninsula headed by the Russian largest independent natural gas producer Novatek won a green light on Thursday.The project will have a production capacity of 19.8 million…
The Dutch government announced that construction has been completed of the first large offshore “socket”, or substation, that will connect 700 MW of energy from wind turbines in the North Sea to the mainland.Borssele Alpha, TenneT’s first and…
Japanese natural gas distribution company Saibu Gas and Russian LNG project operator Novatek revealed plans to form a joint venture.Novatek announced that it has signed the Heads of Agreement (HoA) with Saibu Gas in the presence of the Minister…
The crude oil tanker company Euronav has purchased a total of 420,000 metric tons of compliant fuel oil and marine gasoil so far, the company revealed as it detailed its IMO 2020 sulfur cap plans. In aggregate the purchase value of very low…
With the oil and gas sector seeing a downturn since 2014, the Platform has documented an increasing number of offshore units sold for scrap.While the recycling of fixed installations occurs under strict regulations, there are serious concerns regarding the recycling of floating structures…
TGS said it has purchased all outstanding shares and completed the acquisition of Lasser, Inc., a Fort Worth-based company which provides historical and monthly oil and gas production data.Lasser owns, maintains and licenses a nationwide U.S…
DNV GL proposes the “Probabilistic Digital Twin” (PDT) to close the gap between digital twins – used increasingly by operators to manage the performance of their assets – and risk analysis still largely conducted manually before assets enter service…
Norwegian company TMC Compressors of the Seas (TMC) has is to supply a compressed air system for a Golar LNG floating liquefied natural gas (FLNG) vessel.TMC will manufacture and deliver seven large Smart Air compressors to be installed on the…
India and Russia have agreed on a five-year roadmap to step up cooperation in the hydrocarbon sector, including investment, not only in exploration and production in each other's oil and gas fields but also in downstream projects.India invited…
Natural gas flaring in the Permian dropped in the first quarter of 2019 – the first drop in one-and-a-half years, according to energy research firm Rystad Energy.Rystad Energy has been closely monitoring the level of natural gas flaring in the Permian since 2017…
Russia’s largest independent natural gas producer Novatek signed a memorandum of understanding (MoU) on cooperation with India’s largest liquefied natural gas importer Petronet LNG.The MoU envisages delivering LNG supplies from Novatek's portfolio to the Indian market…
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