The outlook for offshore oilfield service contractors is strong as more than 100 new projects are aiming for 2019 sanctions, according to Rystad Energy, a Norway-based energy research and consulting firm.An expected $210 billion will be spent on offshore oilfield services globally next year…
The independent power producer EDF Renewables North America and Shell New Energies US, offshore wind company in the U.S, have formed a 50/50 joint venture, Atlantic Shores Offshore Wind to develop a lease area within the New Jersey Wind Energy Area (WEA)…
The Scottish energy group Xodus Group has appointed Phil Cooper as a new corporate development director to support the continued growth of the company.The Aberdeen-based international energy consultancy said in a press release that Cooper has…
Italian oil and gas industry contractor Saipem and Turkey's Ronesans signed a joint venture (JV) agreement for infrastructure construction for Russian Federation's Arctic LNG-2 project.Saipem said the contract for the construction of the project is worth EUR 2…
Russian gas giant Novatek and SACE SIMEST, the Italian export credit company part of CDP Group, have finalized an agreement on strategic cooperation in the liquefied natural gas (LNG) projects, including Arctic LNG 2.'PAO Novatek and SACE signed…
The provider of software tools for the offshore industry UniSea has agreed to take part ownership of the energy efficiency specialist Yxney.“Yxney is experiencing rapid growth meeting the increasing demand for data-driven energy efficiency solutions in the offshore sector…
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…
Aqueos Corporation said it has completed a major diving scope for the installation and commissioning of the South Texas-Tuxpan Gas Pipeline. The South Texas-Tuxpan Gas Pipeline is being constructed by a joint venture between TransCanada (60%) and Sempra Energy’s Mexican unit IEnova (40%)…
U.S. crude stocks fell last week, while gasoline stocks increased and distillate inventories fell, the Energy Information Administration (EIA) said on Wednesday.Crude inventories fell by 497,000 barrels in the week to Dec. 14, a much smaller draw than the decrease of 2…
Russian gas giant Gazprom said on Wednesday it has successfully completed the first 'day-ahead' gas sales deal on the Electronic Sales Platform (ESP), a new sales tool.Gas sales through the ESP, designed for sales to European consumers, started at the end of September…
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…
Iraq has agreed a deal with U.S. company Schlumberger Ltd to drill 40 wells in the giant Majnoon oilfield, the Oil Ministry said on Wednesday.Iraqi Oil Minister Thamir Ghadhban said in a statement that the agreement with the oil services firm was aimed at boosting production from Majnoon…
Norway's November oil and gas output was lower than originally expected due to a collision between a navy frigate and an oil tanker that triggered shutdowns of major export facilities and several offshore fields, the country's oil regulator said…
Austrian oil and gas group OMV signed a concession agreement with Abu Dhabi National Oil Company (ADNOC) for a 5 percent stake in the Ghasha offshore gas and condensate fields, strengthening its position in the region, it said on Wednesday.The…
Royal Dutch Shell has agreed to acquire a 49 percent stake in Asia-focused firm Cleantech Solar, the energy giant's second investment in solar power this year.The Anglo-Dutch company will have an option to increase its holding in Cleantech after 2021…
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