The oil and gas company Aker Energy AS, a 50-50 joint venture between Aker ASA and TRG AS, has paid to extend an option it has for the long-term charter of Ocean Yield’s FPSO Dhirubhai-1.A press release said that on the 12th of February 2019…
Canada's Husky Energy Inc beat analysts' estimates for quarterly profit on Friday, as it benefited from improved Canadian crude prices following Alberta's output cuts and investment in a number of refineries and pipelines boosted its margins per barrel…
European tidal stream installations reached 26.8MW, and wave energy installations 11.3MW in 2018, according to yearly statistics published by Ocean Energy Europe.Europe continues to lead the world in ocean energy deployments, and last year its tidal projects produced record volumes of electricity…
Genel Energy Plc named oil veteran and Chief Operating Officer Bill Higgs as its top executive, the oil and gas exploration and production company said on Monday.Higgs' appointment as chief executive officer comes as the company, the largest…
Global energy demand grew 2.3% last year, marking its fastest pace in a decade, amid a robust global economy and stronger heating and cooling needs in many regions, said the International Energy Agency (IEA).Natural gas emerged as the fuel of choice…
Australia’s renewable energy pipeline will reach 100 gigawatts (GW) before May, which is a milestone in the country's energy sector.In January and February 6.65 GW of new capacity from 62 assets were added, said Rystad Energy, the energy research and consulting firm…
Lloyd’s Register (LR), which ranks as one of the world’s largest providers of professional services for the engineering and technology sectors, has chalked out a new strategy for future growth in the energy market.The firm, which started out…
South Asia's APM Terminals Inland Services, operator of port and integrated inland service networks, is helping set up solar power plants in deep pockets of India.The global terminal network company is providing tailor-made logistics solutions to help overcome transport…
Noble Energy posted quarterly profit on Tuesday that fell short of analysts' estimates, and forecast lower capital expenditure for 2019 citing a drop in oil prices.An unexpected drop in global crude oil prices and tight pipeline capacity in U…
The major chunk of global energy supply growth is expected to come from renewables and natural gas over the next two decades, but steep investment in oil exploration and production will be needed to meet crude demand in 2040.The global energy demand is set to rise by around a third by 2040…
Danos announced Wednesday it has reached a tentative agreement to acquire the assets and business of fellow Louisiana-based oilfield service company Shamrock Energy Solutions.Danos said it expects the deal to be effective in March 2019, and…
Corvus Energy Holding, the Energy Storage Systems (ESS) supplier to the maritime industry, has signed an agreement to acquire all shares in the Norway-based Grenland Energy, which develops and manufactures lightweight lithium-ion batteries for the maritime…
Private-equity backed Neptune Energy and Germany's DEA are bidding for the oil and gas assets in Egypt, Italy and elsewhere being sold by EDF's Italian unit Edison, industry sources said on Friday.The offers are non-binding at this stage, one of the sources said…
Royal Dutch Shell and Dutch pension fund manager PGGM on Monday said they are investigating a joint offer for Dutch energy company Eneco .The 53 municipalities that currently own Eneco, estimated by analysts to be worth about 3 billion euros ($3…
Saudi Arabia's Energy Minister Khalid al-Falih said that oil demand remains strong and that he sees no impact from U.S.-China trade tensions.'The global economy is strong enough, I'm not too concerned. If a slowdown happens, it will be mild…
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