News

  • Hague Court rules for Chevron in Ecuador dispute

    The District Court of The Hague has ruled in favour of Chevron in its dispute with the Republic of Ecuador, upholding a 2018 arbitral award rendered by an international tribunal administered by the Permanent Court of Arbitration.   In its unanimous award, issued pursuant to…

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  • Wind turbine installation under way at TPC Changhua offshore Taiwan

    Jan De Nul Group’s jack-up vessel Taillevent has installed the first turbine for the Taiwan Power Company’s (TPC) Changhua Phase 1 offshore wind farm project.   With the first wind turbine installation completed, the project team will proceed with the commissioning process, along with the…

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  • Abu Dhabi Wealth Fund Adds US$615 million Cheniere Stake

    Abu Dhabi’s main sovereign wealth fund disclosed a 5.1% stake in Cheniere Energy Inc, the largest US exporter of liquefied natural gas.   Abu Dhabi Investment Authority disclosed its holding in a filing dated the 14th September, giving it an interest in Cheniere valued at…

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  • Eni hits new gas discovery offshore Egypt

    Italian oil and gas player Eni has made a new gas discovery in the Great Nooros Area, located in the Abu Madi West Development Lease, in the conventional waters of the Nile Delta, offshore Egypt.   Eni is the operator of the Block located in…

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  • MOL Group lets contract for Danube refinery

    Hungary’s MOL Group has let a contract to Frames Group BV, Alphen aan den Rijn, the Netherlands, to supply a new hydrogen recovery and purification system for converting low-purity hydrogen by-product into a high-purity gas stream for subsequent processing at its 8.1-million tonnes/year Duna refinery…

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  • JDR to construct North Sea Elgood umbilical

    Subsea 7 has contracted JDR to supply a 9.3-km (5.8-mile) production and control umbilical, topsides equipment and subsea terminations for the Elgood field development in the UK southern North Sea.   The umbilical, due to be delivered next spring, will connect the Elgood subsea well…

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  • ABO Wind to build its first wind farm in Poland

    ABO Wind is off to a strong start in Poland. The company’s first Polish project will be constructed in 2021.   Donaborów wind farm is located about 90 kms northeast of Wroclaw and is planned to consist of 9 Siemens Gamesa SG114 turbines with a…

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  • Oil market outlook even more fragile as COVID-19 continues

    The oil market is even more fragile as the uncertainty created by COVID-19 shows little sign of abating, the International Energy Agency said in its September oil market report.   A resurgence of COVID-19 cases in many countries, local lockdown measures, continued teleworking, and the…

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