U.S. energy major Chevron Corp has opted to continue negotiations with Thailand rather than seek arbitration to resolve a dispute over who should pay for removing offshore oil and gas platforms, the company told Reuters on Wednesday.Thailand…
Shearwater GeoServices said it has been awarded a contract for combined 3D and 2D seismic survey in Southeast Asia for the SW Vespucci Multi-Purpose Vessel (MPV).The contract covers an area of 1,600 square kilometers for 3D seismic with associated 2D work to be executed over a 1…
Saudi Aramco is pressing ahead with its listing plans this week, although some investors and analysts doubt it can now meet its timeline as it has not said when oil output will be restored after attacks on its facilitiesReuters has reported it could take months for Aramco…
Oil lost some of its big price rises today as the US announced the possible release of crude reserves but the possibility of military action in response to the drone attacks on Saudi oil facilities still means prices are high and that stocks are under pressure…
The drone attack on the world’s largest oil processing facility, Abqaiq in the heart of Saudi Arabia’s oil industry, forced Saudi Aramco to shut in 5.7 million barrels per day (bpd) of crude production, which equates to 7% of the current global crude and condensate production…
New mobile mixer technology from annular isolation technology specialist CannSeal facilitates the company’s proprietary epoxy resin to be mixed on-site, opening up new markets independent of location as it removes constrictions associated with storage and curing times…
Oil futures jumped 10% on Monday after an attack on Saudi Arabian crude oil processing facilities over the weekend sliced the kingdom's production in half and threatened to hamper shipments from the world's largest crude exporter.Prices initially…
U.S. crude production remained close to a record level in June but growth has slowed significantly since the end of last year in response to lower oil prices and the slowdown is set to extend into 2020.Crude output averaged 12.1 million barrels per day (bpd) in June…
Shares of U.S. oil and gas companies surged on Monday, as a jump in oil prices in the wake of attacks on Saudi Arabia's oil facilities drove a relief rally in one of the S&P 500's worst performing sectors this year.Shares in major energy conglomerates…
The Center of Excellence for Offshore Renewable Energy at the State University of New York Maritime College and the Maritime Industry Museum at Fort Schuyler, are hosting the Ocean Wind Energy Conference on Thursday, September 26, 2019 at the Maritime Academic Center…
The state owned oil and gas company Qatar Petroleum has issued Engineering, Procurement and Construction (EPC) tender for liquid products storage and loading facilities of the North Field Expansion (NFE) Project.The NFE Project involves the…
U.S. energy firms this week reduced the number of oil rigs operating for a fourth week in a row as producers cut spending, leading to slower growth in crude output.Drillers cut five oil rigs in the week to Sept. 13, bringing the total count down to 733…
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…
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…
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…
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