Regions News

 

Rates Slowdown in Permian Basin

Sep 02, 2019

Though the Permian Basin still dominates US land drilling, the pace of growth in this region has slowed significantly.Older tight oil wells decline by 20% per year without material intervention, according to Rystad Energy.Contrary to common belief…

PGNiG Starts Norwegian Drilling

Sep 02, 2019

Polish state-controlled oil and gas company PGNiG said its unit PGNiG Upstream Norway started drilling an exploration well in licence area PL838 (the Shrek prospect) on the Norwegian Continental Shelf, for the first time in the role of the operator…

Novatek Wins Arctic Gas Field

Sep 01, 2019

Novatek said that its wholly-owned subsidiary Arctic LNG 1 has won an auction for a geological survey, exploration and production license for the subsoil area including the Soletsko-Khanaveyskoye gas field.The license is located on the Gydan peninsula in Yamal-Nenets Autonomous Region…

China, Philippines: 'Bigger Step' Possible Offshore

Aug 30, 2019

Chinese President Xi Jinping said China and the Philippines could take a 'bigger step' in the joint development of oil and gas resources in the South China Sea if they can 'properly' handle their dispute over sovereignty.Xi made the remarks…

BP Exits Alaska in $5.6 Bln Sale

Aug 27, 2019

British oil major BP Plc on Tuesday agreed to sell all its Alaskan properties for $5.6 billion to privately held Hilcorp Energy Co, exiting a region where it operated for 60 years.The deal, which includes interests in the most prolific oil field in U…

Scotland to Power Ferries with Hydrogen

Aug 27, 2019

Ferries serving the Western Isles and West Coast of Scotland could soon be powered by hydrogen generated from onshore island wind power, according to a newly published feasibility study.The Scottish Western Isles Ferry Transport Using Hydrogen (SWIFTH2) project…

Port of Johnstown to Receive 12 Shiploads of Wind Turbines

Aug 26, 2019

The Port of Johnstown will be a busy port over the next several months as vessels are delivering ENERCON turbine components for the Nation Rise Wind Farm project.The cargo represents a major business win for the Port, which completed a multi…

GATE Energy Moves into Singapore

Aug 26, 2019

GATE Energy, a player in oil and gas engineering, commissioning and specialty field services, announced the opening of its new Singapore office.'This marks the first permanent location for the GATE Energy family of companies outside of the United States…

DNV GL Launches Renewables Certification Ops in U.S.

Aug 23, 2019

With the U.S. offshore wind industry poised for rapid growth, DNV GL has established a Renewables Certification office in Medford, Mass., to meet the growing demands for certification services. While the U.S. is still a generation behind Europe in the exploitation of offshore wind energy resources…

LNG Market Recovers in Q2, Says Flex LNG

Aug 21, 2019

During the second quarter 2019, spot liquefied natural gas (LNG)  freight rates stabilized and started gradually to recover, says Flex LNG, the owner of LNG carrier vessels and floating storage regasification units (FRSUs).Unseasonably slow…

Castle Wind signs MoU for 1GW California OWP

Aug 19, 2019

Monterey Bay Community Power (MBCP) and Floating wind power developer Castle Wind, a joint venture between Trident Winds and EnBW North America, have signed a memorandum of understanding (MOU) to enter into a future, long-term power-purchase…

TurkStream Terminal Nears Completion

Aug 19, 2019

Gazprom’s Turkish Stream (TurkStream), the natural gas pipeline running from the Russian Federation to Turkey, has been 95% completed.'Construction progress of the receiving terminal for the TurkStream Offshore Gas Pipeline has reached 95%. All works are in line with the schedule…

ME Gas Output to Exceed Russia

Aug 18, 2019

The Middle East is cruising into the second half of 2019 with spectacular gas production, and is expected to surpass powerhouse Russia by the end of the year.According to Rystad Energy, the Middle Eastern region will produce over 730 billion cubic meters of gas by 2020…

North Sea Spot Market Remains Challenging

Aug 14, 2019

The North Sea spot market has improved during the second quarter of 2019, as a result of increased rig activity, said Viking Supply Ships.However, the Norway-based supply shipping company expects that the overall market conditions will likely remain somewhat challenging…

Green Group Asks Cosco to Avoid HFO in Arctic

Aug 12, 2019

Clean Arctic Alliance has sent its second letter to Cosco, in which the NGOs urge the Chinese liner company to make public what fuel types its vessels use in the Arctic.Responding to reports that the 190m-long COSCO-owned cargo vessel Tian’en…

Current News

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Asia Pacific’s Decarbonization Bill to Hit $3.5 Trillion in 2040

China Expects Balanced Energy Supply/Demand

China Expects Balanced Energy Supply/Demand

India to Invite Foreign Investment in State-owned Oil Companies

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Southeast Asia Bullish on OFS Market

Southeast Asia Bullish on OFS Market

BMT Delivers Real Time Monitoring for Helang FPSO

BMT Delivers Real Time Monitoring for Helang FPSO

Saipem Inks Deal with Daewoo for Onshore Projects

Saipem Inks Deal with Daewoo for Onshore Projects

Indonesia Inks 20-year PSC for Corridor Block

Indonesia Inks 20-year PSC for Corridor Block

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