The second Walk to Work vessel in the fleet of Wagenborg Offshore was unveiled on the Nieuwediepkade in the port of Den Helder. The Walk to Work Emergency Response and Rescue Vessel Kasteelborg was christened by Mrs. Marjan van Loon, CEO Shell Netherlands…
The Clean Arctic Alliance and indigenous groups welcomed the support given by member states to commence work on developing a ban on the use and carriage of heavy fuel oil in Arctic waters as the International Maritime Organization’s Marine Environment…
The oil and natural gas company Pan Orient Energy Corp announce that the L53-DD1 exploration well encountered an interpreted, combined 26 meters of net oil pay within three separate sandstone reservoirs between a true vertical depth of 960 to 1…
Baltic and International Maritime Council (BIMCO) has been a proponent for a carriage ban of non-compliant fuel (unless the ship has a scrubber) and is pleased to see it adopted with a start date of 1 March 2020, said a release from the international shipping association…
An amendment to support consistent implementation of the forthcoming 0.50% limit on sulphur in ships fuel oil was adopted by the International Maritime Organization (IMO) on Friday (26 October), during the current session of the Marine Environment Protection Committee (MEPC 73)…
Argentina's state-controlled oil company, YPF, will significantly boost oil and gas production, investing between $4 billion and $5 billion per year through 2022, Chief Executive Daniel Gonzalez told Reuters on Friday.It plans to raise production by between 5 percent and 7 percent per year…
U.S. energy firms added oil rigs for a third week in a row for the first time since June, keeping the rig count at its highest in over three years, as declining productivity in some shale fields force companies to drill more to keep output growing…
Norway's sovereign wealth fund, the world's largest, plans to more than double its investments in Saudi Arabia after it is included in the fund's reference index soon, Chief Executive Yngve Slyngstad said on Friday.The fund currently has Saudi assets worth 6…
Cash-strapped state-run oil companies in Mexico and Venezuela have begun diverting crude historically processed for domestic use and sending it to U.S. refiners now facing transportation constraints to secure similar grades from Canada, data shows…
Singapore Petroleum Company, a subsidiary of PetroChina International, said in a statement on Friday it completed a new oil products storage and distribution terminal on Jurong Island, an artificial island off Singapore's southwest coast.The…
French oil and gas major Total will be disappointed if it misses out on Qatar's planned liquefied natural gas (LNG) expansion, the company's Chief Financial Officer said on Friday.'We are very interested in Qatar LNG with the decision made by…
Oil prices dropped on Friday, heading for a third weekly loss after Saudi Arabia warned of oversupply, while a slump in stock markets and concerns about trade clouded the outlook for fuel demand.Brent crude oil fell $1.12 or 1.5 percent to a low of $75…
Cabot Oil and Gas Corp reported a surge in third-quarter profit on Friday, helped by higher realized natural gas prices and a gain from asset sales.The company's net income rose to $122.3 million, or 28 cents per share, for the third quarter ended Sept…
Mexico's Pemex reported a 26.8 billion peso ($1.43 billion) net profit in the third quarter, and revenues of 439.1 billion pesos, the state-run oil and gas company said on Friday.The profit compared with a 101.8 billion peso loss by the company in the same period last year…
Australian oil and gas company with a global presence Woodside announced that the Greater Western Flank Phase 2 (GWF-2) Project off the north-west coast of Australia has commenced gas production.A press release from the operator of the North…
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