News

  • Historic Oil Rout Poised to Bust Shale

    A historic crash in crude prices is driving US shale into full-on retreat with operators halting new drilling and shutting in old wells, moves which could cut output by 20% for the world’s biggest producer of oil.   For shale companies, the price of West…

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  • ABB to power South Asia’s first LNG hybrid tug

    ABB has announced that its electric propulsion, power, energy storage, control and automation technology will be at the heart of the first tug in South Asia capable of switching between low emission LNG engines and zero-emission battery power.   The tug, which will operate in…

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  • First results issued from revised offshore Sakhalin 2D data

    TGS has completed reprocessing of a 21,631-square kilometre (8,352-square mile) regional 2D seismic survey offshore Sakhalin Island in the Sea of Okhotsk, with the support of Russian partner DMNG.   First data has been issued to pre-funding clients and is now also available to all…

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  • Oil Prices Settle Above US$10

    Just a day after US crude futures for May delivery plunged below zero for the first time ever, June futures plummeted 43% to close below US$12 a barrel in New York.   A massive supply glut brought on by the pandemic and a worldwide shortage…

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  • Keppel Eyes LNG-Powered Data Centres

    Keppel Corporation reported on the 20th April that its Keppel Data Centres Holding Pte Ltd has signed a memorandum of understanding (MoU) with Toll Group to explore developing a near-shore floating data centre park (FDCP) at the Toll-operated Loyang Offshore Supply Base in Singapore.  …

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