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FPSO Offshore Nigeria Fire explodes

SEPCOL has confirmed that the FPSO Trinity Spirit exploded with 10 crew members onboard offshore Nigeria WARRI, Nigeria – Shebah Exploration & Production Co. Ltd (SEPCOL) has confirmed...

Wintershall Dea exiting Gulf of Suez production concession

Wintershall Dea plans to withdraw from oil production in the Gulf of Suez offshore Egypt. Wintershall Dea plans to withdraw from oil production in the...

Libyan crude output cut by 100,000 b/d on port closure

Libyan state-owned oil firm NOC's Waha Oil subsidiary has been forced to cut its crude output by around 100,000 b/d after the port it...

Ugandan oil export project

Uganda's journey to become a fully fledged oil exporter has reached a key milestone with an official ceremony in Kampala to mark the final...

Nord Stream 2 German subsidiary’s chairman resigns

Nord Stream 2's German subsidiary Gas For Europe will appoint a new chairman of its supervisory board at its next meeting, after Dieter Haller...

Singapore-based ship recycling consultancy, Sea Sentinels, has flagged up potential bottlenecks in the demolition sector

Many facilities in India, Pakistan and Bangladesh fall short of compliance either with the IMO’s Hong Kong Convention (HKC) or the EU Ship Recycling Regulation,...

Nuclear technology specialist Core Power plans to use floating offshore production platforms to supply green ammonia.

“Our concept design is for an offshore facility partnering advanced nuclear power with an offshore ammonia production facility, which will create green ammonia from...

VLCC rates plummet to new depths

VLCC rates on the Baltic Exchange’s benchmark TD3 time charter equivalent route reached further record lows yesterday in what has been a week where...

Strategic Marine Acquires New Shipyard in Singapore

Strategic Marine announced it has completed the acquisition of a significantly larger shipbuilding facility in Singapore in a move intended to boost the company's...

Macquarie’s GIG joins Agder Energi for Norwegian floater bid

Macquarie’s Green Investment Group (GIG) and Norwegian power utility Agder Energi have formed a partnership to bid for a floating offshore wind project at...

FPSO Offshore Nigeria Fire explodes

Tanker and barge shipments in and out of Europe's biggest oil hub have been delayed by up to a week as four storage companies...

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...

Iraqi crude exports inch up in October

Iraqi crude exports marketed by state-owned Somo edged up in October, according to preliminary figures from the country's oil ministry. Exports rose by 1pc on...

Higher oil revenues push Saudi budget to Q3 surplus

The government budget saw a surplus of $1.8bn in the third quarter of this year, up from a deficit of $1.23bn in the previous...

Saudi Arabia committed to ‘affordable energy’

As diplomatic pressure mounts on Opec+ to help curb rising oil prices with more aggressive output hikes, Saudi Arabia has reaffirmed its commitment to...

Libyan crude production hit by pipeline leak

A pipeline leak has cut Libyan crude production by around 200,000 b/d, a Libyan shipping source said today. The incident is affecting state-owned NOC's Waha...

Sudan’s military declares state of emergency:

Sudan's top general has declared a state of emergency just hours after his forces arrested prime minister Abdalla Hamdok and several other senior members...

Denmark, US urge IMO to set ambitious shipping targets

Propane and butane prices around the globe will be higher this month, with low stock levels from key supplier the US meeting rising demand...

India sets 2070 target for net zero

India has a goal of reaching net zero emissions by 2070, prime minister Narendra Modi said at the UN Cop 26 climate conference today. Modi...

Gail Plans to build India’s first PDH plant

Indian state-owned petrochemical producer Gail plans to build the country's first propane dehydrogenation (PDH) plant at Usar in the western state of Maharashtra by...

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...