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…
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…
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…
TC Energy’s Keystone XL pipeline has suffered a fresh setback after a US court ruled against a permit that allows new energy pipelines to cross bodies of water. The ruling on the 15th April comes just two weeks after TC Energy announced that construction…
Woodside Energy Ltd has let an integrated engineering, procurement, construction, and installation contract to TechnipFMC for work on the North West Shelf offshore Western Australia. The contract, worth up to A$250 million is for development of Lambert Deep and Phase 3 of the Greater…
The technology group Wärtsilä will supply the engineering, equipment, and technical advisory for a 44 MW power plant to be installed at the Mansourah & Massarah Gold Project mine in Saudi Arabia. It will be the first new-build power project in the country to…
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…
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. …
Exploration plans are being redrawn and the well count is expected to drop by as much as 35 per cent on 2019 levels due to the “double whammy” of the oil price collapse and COVID-19 pandemic, according to market research provider Westwood Global Energy Group….
A recent report by the Global Wind Energy Council (GWEC) and Global Wind Organisation (GWO) found that over 77,000 trained on-site workers will be required to deliver 31 GW of forecast installations in six target markets from 2020-2024. The report, Powering the Future: Global…
