US shale supply will peak at approximately 14.5 million barrels per day (bpd) around 2030, said the energy research and business intelligence company Rystad Energy.In the past decade, crude oil coming from shale patches such as the Permian in…
The Nigerian Liquefied Natural Gas Company (NLNG) signed a “letter of intent” with SCD JV as preferred bidder to construct the $10bn NLNG Train 7 project.SCD JV is a joint venture consortium comprising Saipem, Chiyoda and Daewoo.'SCD JV is the preferred bidder for the contract for the Engineering…
Irish Wind Energy Association (IWEA) chief executive Dr David Connolly has called for greater urgency from the government in the country and across the political system to support the development of offshore wind energy.Ireland currently only…
Carnival Corporation's Germany brand AIDA Cruises and Corvus Energy have signed a deal to retrofit the AIDAperla with a 10MW battery pack, the largest to date set to be featured on a cruise vessel.'The order is for a 10MWh Energy Storage System (ESS) to be installed on board AIDAperla in 2020…
DNV GL’s Energy Transition Outlook indicates global temperatures rise by 2.4⁰C by end of century. Energy experts identify a combination of technology measures to curb global warming which includes: Boost solar power more than 10 times to 5 TW…
Fuel flexibility and technologies to bridge changing fuel usage have been identified in the Maritime Forecast to 2050 as essential strategies for both individual owners and the shipping industry to adapt to the energy transition and prepare for a low carbon future…
Ukraine's new government on Thursday stripped U.S.-based Trident Acquisitions of the right to explore and develop oil and gas reserves in the Black Sea shelf, prompting the company to say Ukraine had lost out on $1 billion in new investment…
Equinor said on Thursday that an onshore team has started to recover oil and move it into tank storage as part of cleanup efforts at the South Riding Point terminal in the Bahamas after the impact of Hurricane Dorian.Initial recovery assets…
Russia's finance ministry has in principle approved tax breaks for developing the Priobskoye oilfield, Russia's largest, to oil giants Rosneft and Gazprom Neft, Alexei Sazanov, head of the ministry's tax department said on Thursday.He added…
Lower oil prices will push the global oilfield services (OFS) sector into a recession in 2020 after three successive years of growth, according to Rystad Energy.In a new sector outlook update, Audun Martinsen, head of oilfield services research at Rystad Energy…
General Electric is looking to raise up to $3 billion in sale of majority-owned Baker Hughes shares, resulting in a reduction of the U.S industrial conglomerate's stake in the oilfield services provider to less than 50%, Baker Hughes said on Tuesday…
Mexico's government will give state-owned Pemex $5 billion so the world's most indebted oil company can pay off bonds, part of a plan to shore up accounts that also includes refinancing other bonds, the company said on Wednesday.Pemex, burdened by some $104 billion of debt…
According to DNV GL’s latest energy report ‘Energy Transition Outlook: Power Supply and Use’, eight times more wind and solar power is needed by 2030 to help meet the Paris Agreement on climate change’s target. This transition will require more…
Marine seismic surveyor SeaBird Exploration said it has been awarded a contact to acquire 2D seismic data in the Australasia region. The survey is due to commence during the fourth quarter of 2019 and is estimated to run for approximately three to four months plus mobilization…
MAN Energy Solutions said that its marine LNG fuel-gas-system manufacturer MAN Cryo has been contracted to supply an LNG fuel-gas supply system for Norwegian shipowner, Egil Ulvan Rederi newbuild.According to MAN, the LNG fuel-gas system will…
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