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  • People in the News

    BMS expands energy team with three senior hires Independent specialist (re)insurance broker BMS Group has announced a trio of appointments including Alison Schwab, Russell Williams and Robert Thomas to the energy division.   Ms Schwab and Mr Williams will join alongside Mr Thomas, following completion…

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  • Qatar Petroleum inks US$19.2 billion LNG shipbuilding deal

    Qatar Petroleum has inked three deals with South Korean shipbuilders reserving slots for its LNG tanker fleet expansion valued over US$19 billion.   Qatari giant said on the 1st June that it has signed deals to reserve LNG ship construction capacity in South Korea to…

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  • Drydocks World starts second project for HKZ wind farm

    Drydocks World has cut first steel for the high voltage alternating current (HVAC) transformer station topsides named Hollandse Kust Zuid (HKZ) Beta.   This is the third topsides which the shipyard will be constructing for Petrofac and end-client TenneT, and the second project for the…

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  • Oil Facing Demand Uncertainty After Record Rebound

    Oil posted its biggest monthly advance on record, just a few weeks after prices made a dramatic plunge below zero.   Crude surged about 88% in May, with US futures on Friday rising above US$35 a barrel for the first time since March, driven by…

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  • Saudi Oil Volumes to China Continue Despite Output Cuts

    An early look at Saudi Arabia’s crude exports for May shows that historic production cuts have done little to squelch the kingdom’s flood of oil to China, which is just getting back on its feet from the coronavirus.   Saudi flows to the Asian nation…

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  • APT identifies lower Jurassic source rocks offshore Canada

    Applied Petroleum Technology (APT), Oslo, has identified lower Jurassic source rocks and a genetically related set of oil shows in the Southern Grand Banks petroleum system offshore Canada.   APT sampled and analysed drill cuttings from 13 key wells from Southern Grand Banks to assess…

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  • First semi-submersible floating wind farm nears completion

    The last of the three pre-assembled wind turbine platforms for the WindFloat Atlantic project left the Port of Ferrol for its destination 20 km (12 miles) offshore Viana do Castelo, Portugal.   The journey is expected to take three days, arriving today.   This operation…

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