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Gas Retreats From Highs, But Supply Remains Tight

Europe continues to grapple with high prices for natural gas and power, with energy-intensive industries such as steel warning that they can no longer...

West Africa to China VLCC rate hits 2021 peak

Very large crude carrier (VLCC) freight rates from west Africa to China have reached their highest this year, reflecting a general pick-up in the...

Ugandan oil project awaits approval of pipeline laws

Uganda is sticking to its target for first oil from the 230,000 b/d Lake Albert development in 2025, but legislative hurdles remain relating to the project's...

Nigerian Forcados crude loadings back to normal: NNPC

Loading operations at Nigeria's Forcados oil terminal have now fully resumed after a leak disrupted crude exports for over three weeks.  "We had some trouble with one...

Nigeria hopeful Opec+ will grant baseline change

Nigeria remains hopeful that the Opec+ group will grant its latest request to raise the baseline from which its crude output quotas are calculated,...

Eni adds new field to Angola’s Olombendo crude grade

Italian integrated oil firm Eni has started crude production from the Cabaca North project in Angola's deepwater block 15/06.  Cabaca North is tied back to the 100,000...

China could ease restrictions on Australian coal and increase supply to alleviate power crunch

The power crunch in China over the last few weeks has clearly shown the country’s heavy reliance on coal for power generation. Wood Mackenzie,...

Gas price signals show need for increased supply

Soaring prices in Europe and Asia show that the market needs more gas. The US has the resources to meet that demand, but has...

US gas prices follow world markets

The surge in natural gas prices has even affected the US, as it becomes increasingly integrated into world markets. Benchmark Henry Hub has been trading as...

Espoir FPSO taken offline for more remediation

BW Offshore has shut down the FPSO at the CNR International-operated Espoir field offshore Côte d’Ivoire for two more months, according to partner Tullow...

BP Gambles Big on Fast Transition from Oil to Renewables

Deep in the Oman desert lies one of BP's more lucrative projects, a mass of steel pipes and cooling towers that showcases the British...

Wind Turbine Maker Vestas to Close Some Factories in Spain, Denmark, and Germany

Danish wind turbine maker Vestas said Monday it would cease production at its factories in Lauchhammer, Germany; Viveiro, Spain and Esbjerg, Denmark, where it...

Eni Makes Major Oil Find at Its First Ever Well Drilled Offshore Ivory Coast

Italian oil company Eni on Wednesday announced a major oil discovery in block CI-101 offshore Ivory Coast. "The potential of the discovery can be preliminarily...

Technology Trends Worth Following in Global Energy, Power and Fuels

Introduction “The best way to predict the future is to create it”, is a quote famously credited to Abraham Lincoln. In January 2017, as part...

Riding High:PSC Regime Illuminates Nigeria’s Oil Production Future

23 years after its introduction, the Production Sharing Contract (PSC) has overtaken all other fiscal regimes in terms of its contribution to the country’s...

Second Niger Bridge: Construction Speeds Up With Pirat-X

The dredger will make the delivery of the Second Niger Bridge faster as its introduction to the project, with its higher production capacity, will...

ExxonMobil spuds Sapote-1 well, offshore Guyana

The Sapote-1 prospect is lies in the southeastern section of Canje, some 50 km north of the Haimara discovery in the Stabroek block which...

BW Energy makes oil discovery at Hibiscus North offshore Gabon

BW Energy made an oil discovery in the Hibiscus North exploration well in the Dussafu block offshore Gabon. After reaching total depth, logging operations...

Brazil and Argentina in talks on billion-dollar gas pipeline project

The proposed pipeline would supply gas from the Vaca Muerta reserves in Argentina to southern Brazil. Brazil is reportedly in talks with Argentina for the...

Market caution holding back gas developments offshore northwest Africa

Although there have been two major gas discoveries in the deepwater MSGBC basin, the industry is yet to capitalize on the resources, according to...

Beluga set to farm into offshore Cameroon license

Tower Resources has executed a binding heads of agreement for a farm-out to Beluga Energy of a 49% participating interest in the shallow-water Thali...

Corporate renewable PPAs playing bigger role in decarbonising Asia Pacific

Only 10% of region's RE100 companies have signed corporate PPAs Corporate renewable power purchase agreements (PPA) are starting to play a bigger role in Asia...

Oil price windfall a ‘golden opportunity’ to speed up sector’s decarbonisation

Industry must collaborate to cut emissions and transform corporate landscape Oil and gas companies must use the current cash flow windfall opportunity to speed up...

Energy & Maritime Markets

We are dedicated to offering innovative solutions for service providers in ports & Logistics , shipbuilding ,ship operation, oil tankers ,LNG & LPG tankers,...

Royal IHC hands over the world’s largest CSD to DEME

DEME has taken delivery of its giant new cutter suction dredger (CSD) Spartacus from Dutch shipyard Royal IHC According to DEME, the Spartacus sets a...

TS Lines orders four boxships at Mawei Shipbuilding

The four 1,100 teu containerships, designed by Shanghai Ship Design and Research Institute (SDARI), is the latest version containership for China-Japan shipping routes.  The vessels will be in...

Yangzijiang books record $6.7bn newbuild orders in H1

Singapore-listed Chinese shipyard Yangzijiang Shipbuilding reported a record high for new orders of $6.67bn in the first half of 2021. The shipbuilder also reported...

MAN Rollo equips Parsifal LNG tankers with generator sets

Netherlands-based MAN Rollo has delivered the first MAN Stage V generator sets for the Parsifal series LNG tankers built by Concordia Damen shipyard. MAN Rollo...

Horisont Energi completes Barents Blue project feasibility phase

Horisont Energi has completed the feasibility phase of the Barents Blue project, laying the foundation for Europe’s first large-scale carbon-neutral ammonia plant, which will...

Horisont Energi and Port of Rotterdam join forces on blue ammonia shipping

Norwegian clean energy company Horisont Energi and the Port of Rotterdam have agreed on transporting blue ammonia from Norway to Rotterdam Under the memorandum of...

Port of Galveston to “greenify” operations with new eco-programs

One of the major ports in Texas, the Port of Galveston, has announced its plans to make long-term changes to its operations as part...

Port of València eyes new electrical substation to cut carbon footprint

The Port Authority of València (PAV) has unveiled its plans to launch a new electrical substation as part of its effort to achieve zero emissions...

ICTSI global container volumes grow 14% in H1

ICTSI handled consolidated volume of 5.46m teu in the first six months of 2021, 14% more than the 4.8m teu moved in the same...

Italy’s ENEA kicks off first national survey on marine energy

Italian national agency for energy and new technologies ENEA has launched the first national survey on new technologies that exploit energy from tidal currents...

New report into the global LNG bunkering industry

The ‘LNG Bunkering Market by Product Type and Application: Global Oppor-tunity Analysis and Industry Forecast, 2020 - 2027’ report has been added to ResearchAndMarkets.com's...

ExxonMobil LNG announces 2021 Power Play Awards finalists

ExxonMobil LNG has announced the list of finalists for the 2021 LNG Power Play Awards. In its third official year, the awards programme continues...

DNV and Nakilat JDP works to improve vessel software reliability and quality

Nakilat, a global leader in energy transportation, Classification Society DNV, and a group of leading yards and system suppliers have teamed up on a...

Eni to deliver carbon neutral LNG cargo to CPC Corporation

Eni and CPC Corporation, Taiwan reached an agreement for the delivery by Eni of a carbon neutral LNG cargo to CPC Corporation, Taiwan, at...

Stabilis Solutions and the Galveston Wharve team up on LNG fuelling services

Galveston Wharves at the Port of Galveston and Stabilis Solutions Inc., a provider of energy transition services, including LNG and hydrogen fuelling solutions, have...

New offshore wind projects poised to contribute to energy transition

Global offshore wind capacity is set to surge to over 234 GW by 2030, from 29.1 GW at the end of 2019, according to...

Saudi Aramco sees highest quarterly profit since 2018

(Bloomberg) --Saudi Aramco followed its Big Oil competitors with bumper earnings, boosted by a recovery in oil and chemical prices. The world’s biggest energy company...

Halliburton and Voltagrid team to reduce Chesapeake Energy’s Marcellus shale emissions

HOUSTON– Halliburton Company and VoltaGrid LLC announced the first successful deployment of an advanced electric fracturing solution. This project is the first pad in...

Natural gas prices surge as energy transition-driven demand outstrips supply

MOSCOW (Bloomberg) --The era of cheap natural gas is over, giving way to an age of far more costly energy that will create ripple...

Oil prices fall to three-week low as Covid resurgence threatens demand

Bloomberg) --Oil plunged to a three-week low, extending losses after the worst week since October, as the resurgence of Covid-19 threatened the outlook for...

Analytics drive operational excellence for business and digital transformation

Digital initiatives and technology spending in the oil and gas industry continue to surge, with 90% of companies increasing spending on digital over the...

UK regulator advances lease process for two 100 MW floating wind sites in the Celtic Sea

SBM Offshore announced that British Isles seabed regulator The Crown Estate has confirmed an intention to move forward with the lease process for two...

DSME wins $635 million order to build platform for Qatar’s giant oil field

South Korea’s offshore builder Daewoo Shipbuilding & Marine Engineering (DSME) has been awarded a contract to deliver an offshore crude oil production platform for...

Schlumberger and Halliburton win big as ADNOC dishes out $763.7 million in new deals

UAE’s oil and gas giant ADNOC is making an investment of $763.7 million (AED2.8 billion) in integrated rigless services across six of its artificial...

Petrobras and Equinor hire DOF anchor handlers

Norskan, DOF ASA’s Brazilian subsidiary, has secured two contracts for its Anchor Handling Tug Supply (AHTS) vessels with Petrobras and Equinor, respectively. Anchor handler Skandi...

Seadrill Partners reveals new name as Equinor hires Vela drillship

An offshore drilling contractor previously known as Seadrill Partners has secured a contract with Equinor for the Vela drillship for operations in the U.S....