News

  • Airlines act as if US$80 oil is heading higher

    Fresh from losing billions of dollars from bad oil-price hedges because of Covid, many of the world’s airlines are once again trying to protect themselves from soaring fuel costs.   European carriers including Lufthansa Group, Air France-KLM and Ryanair Holdings Plc have said in recent…

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  • Morocco’s Options After Algeria Ends Gas Supply

    Morocco says the immediate impact of Algeria ending gas supplies through a pipeline is “insignificant,” but it has not said how it will make up any shortfall while it adopts long-term plans to boost renewables and import LNG.   What was the deal and why did it…

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  • Aker, DNV supporting Scotland’s hydrogen priorities

    Aker Offshore Wind, Aker Clean Hydrogen, and DNV have unveiled their Northern Horizons initiative.   It involves use of floating offshore wind turbines to produce 10 GW of energy to power multiple floating installations in the North Sea that in turn generate green hydrogen for…

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  • Venture Global LNG signs 7.5-mpty supply contracts with Sinopec companies

    Venture Global LNG and China Petroleum & Chemical Corporation (Sinopec) have signed two 20-year contracts for the supply of a total of four million tonnes/year (mtpy) of LNG from Venture Global’s 20-million tpy Plaquemines LNG liquefaction plant, in Plaquemines Parish, Louisiana.   China International United Petroleum & Chemical Company (UNIPEC), a…

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  • Equinor Plans to Launch GW-size Floating Wind Concept in Scotland

    Equinor, the leading developer in floating offshore wind has designed a new floating wind concept which will enable industrial standardisation and maximise opportunities for local supply chains.   Having reaffirmed its commitment to Scotland earlier this year, the offshore energy company has now revealed its…

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  • COP Produces Pact to End Fossil Fuel Funding

    More than 20 countries have pledged to stop funding foreign fossil fuel projects, although the impact of the deal is undermined by the absence of key countries.   The pact, whose signatories include Canada and the US, isn’t binding but aims to stop foreign fossil-fuel…

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  • Providence all done with Barryroe site survey off Ireland

    Oil and gas company Providence Resources has completed the site survey at the K drilling location of the Barryroe field in the North Celtic Sea.   As previously reported, Providence and Lansdowne confirmed on 26 October this year that the Marine Institute’s Celtic Voyager survey vessel…

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  • Van Oord orders Huisman crane for installation vessel

    Van Oord has contracted Huisman to supply a leg encircling crane (LEC) for its new offshore installation vessel.   According to Huisman, this will be the largest LEC it has developed to date in terms of lifting capacity, boom length, installed power, and technical features….

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