News

  • China’s Oil Tanker Cluster Grows With Swelling Onshore Tanks

    The cluster of oil tankers off China’s coast is growing and the vessels are waiting longer to offload their cargoes amid a lack of onshore storage space after a buying spree earlier this year.   The number of oil-laden tankers parked in Chinese waters has swelled since…

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  • Wood’s growth in renewables continues with two major US solar contracts

    Wood, the global engineering and consulting company, has secured two solar engineering, procurement and construction (EPC) contracts from an American power and energy company worth over US$200 million.   Wood was selected following a competitive tender process and will be responsible for delivering two major…

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  • OWA develops recommended boat landing geometry design

    The Offshore Wind Accelerator (OWA) has released a recommended boat landing geometry design for offshore wind developers and crew transfer vessel (CTV) owners and operators.   OWA is a collaborative research, development, and deployment program between the Carbon Trust and nine offshore wind developers.  …

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  • Trillion Energy looks to increase gas production offshore Turkey

    Trillion Energy International Inc is formulating a comprehensive redevelopment programme for the South Akcakoca Gas-Basin (SASB) gas fields in the Black Sea to increase production levels by accessing additional proven gas reserves.   The company conducted operations to extend the life of the Phase I…

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  • Cheiron sees first oil from appraisal well offshore Egypt

    PICO GoS Limited, a Cheiron Group company, has achieved the first oil production from its appraisal well GNN-4 in the Geisum Concession in Egypt’s Gulf of Suez.   The Geisum Concession is located offshore Egypt in the Southern Gulf of Suez in shallow waters with…

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  • Growing US Oil Inventories Overshadow Demand Optimism

    Fuel demand may be staging a gradual comeback in the world’s biggest economy, but that doesn’t mean the huge supply glut is going away anytime soon.   Gasoline and distillate inventories fell last week, according to a report from the Energy Information Administration, reflecting a…

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  • Consortium aiming to re-purpose Danish North Sea fields for CO2 storage

    Maersk Drilling has agreed to join a new carbon dioxide (CO2) storage consortium formed by INEOS Oil & Gas Denmark and Wintershall Dea.   The partners are currently progressing a project concerning the development of CO2 storage capacity offshore Denmark, which involves re-using discontinued offshore…

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