News

  • Limetree Bay restarts long-idled St Croix refinery

    EIG Global Energy Partners-controlled Limetree Bay Ventures LLC has completed its long-planned restart of an idled refinery previously owned and operated by Hovensa LLC at Limetree Bay on St Croix, US Virgin Islands.   Now operated by Limetree Bay Refining LLC and equipped with a…

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  • Petropars orders components for two projects offshore Iran

    Petropars Company has contracted Esfarayen Lulehgostar Company to supply pipes for the South Pars Phase 11 development in the Persian Gulf.   This follows an earlier award to the same company for casing for wells at the offshore Foroozan field, according to news service Shana…

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  • Shell, C3 AI, Baker Hughes and Microsoft roll out Open AI Energy Initiative

    Shell, C3 AI, Baker Hughes and Microsoft have launched the Open AI Energy Initiative (OAI), a first-of-its-kind open ecosystem of artificial intelligence (AI)-based solutions for the energy and process industries.   Specifically, the OAI provides a framework for energy operators, service providers, equipment providers and…

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  • Permian Project Could Herald Rise of US Energy ESG

    A recently announced achievement by one Permian Basin operator could mark the ascendancy of US oil and gas companies in the area of carbon offsets.   Find out why, along with other projections, in this instalment of what to watch this week in oil and…

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  • ExxonMobil launches new low-carbon business

    ExxonMobil has created a new business named ExxonMobil Low Carbon Solutions to commercialise its extensive low-carbon technology portfolio.   ExxonMobil said on the 1st February that the new business would initially focus on carbon capture and storage (CCS), one of the critical technologies required to…

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  • Shell inks new deal to shed Danish refinery, downstream assets

    Royal Dutch Shell Plc’s Shell Petroleum Company Ltd has agreed to sell subsidiary AS Dansk Shell to PL ESG Denmark Company ApS (Postlane Partners).   Alongside Dansk Shell’s 68,000-b/d Fredericia refinery, Postlane Partners also will purchase Dansk Shell’s local trading and supply activities, including its…

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  • Saipem to install Courseulles-sur-Mer foundations offshore France

    Eoliennes Offshore du Calvados SAS (EODC) has contracted Saipem to design, construct, and install 64 foundations for the Courseulles-sur-Mer wind farm offshore France.   The €460-million (US$555-million) contract is subject to a notice to proceed, which is contingent upon EODC making a positive final investment…

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