As oil crashes due to the impact of the coronavirus, it’s easy to overlook an even more dismal reality for producers: the real prices they’re getting for their barrels are worse still. Having collapsed by about 60% this year, Brent and West Texas Intermediate…
The energy transition is one of the greatest challenges of our time. A large part of the energy transition takes place at sea and sustainable innovations reshape the maritime sector. Our communities, the offshore, maritime and energy industry, are front runners in this change. …
The China Petroleum Engineering & Construction Corporation (CPECC) has reportedly won a US$203.5 million engineering contract to treat sour gas at the Majnoon oilfield in Iraq. According to Reuters, the field is now producing around 240,000 barrels per day (bpd), with plans to boost…
LONGi Green Energy Technology Company, Ltd (hereinafter referred to as “LONGi”), the world’s leading solar technology company, announced that it has officially joined the global RE100 initiative led by The Climate Group in partnership with CDP, on the 12th March. LONGi commits to sourcing 100% renewable…
CSBC-DEME Wind Engineering has contracted Fred. Olsen Windcarrier’s jack-up vessel Brave Tern to install the 62 turbines at the Changfang and Xidao offshore wind farms (CFXD) in Taiwan. After finishing installations on Yunlin offshore wind farm, the Brave Tern will start the transportation and…
INEOS FPS has written to all its customers saying that there will be a delay to the FPS Summer Shutdown which was planned for the 16th June 2020. The Shutdown will not now start before August 2020 at the earliest. INEOS is also mindful…
Serinus Energy Plc has updated operations and development plans in Romania and Tunisia. In Romania, the Moftinu gas project has been operating as expected. Wells Moftinu-1003, Moftinu-1004, and Moftionu-1007 continue to produce to expectations and routine maintenance is planned on the gas plant commencing…
Sluggish global oil and gas demand amid the COVID-19 virus pandemic and the ongoing price war between Russia and Saudi Arabia could wreak havoc on new oil and gas project development plans in 2020, according to an impact analysis by Rystad Energy. In fact,…
Marine energy transportation, storage & production company Teekay Offshore Partners has changed its name to Altera Infrastructure as part of its new vision for a sustainable future. The partnership announced on the 24th March that the group of entities comprising of the partnership’s affiliates…
ABS Group has launched an eLearning training platform to provide educational tools and offer a catalogue of professional training courses to technical personnel worldwide. The new training solution will feature on-demand courses to augment classroom training in the practice areas of cyber security, risk…
