News

  • Oil’s 60 Percent Crash Is the Tip of an Iceberg

    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…

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  • Connecting gears of the energy transition

    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.  …

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  • CPECC wins US$204 million Contract at Majnoon

    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…

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  • Brave Tern to install CFXD wind turbines offshore Taiwan

    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…

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  • Serinus granted 12-month Satu Mare third-phase exploration extension

    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…

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  • ABS launches online safety training courses

    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…

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