News

  • Oiltanking utilises drone technology for terminal safety

    Oiltanking and Azur Drones have successfully equipped Oiltanking’s terminal in Copenhagen with state-of-the-art drone technology to support safety and operations.   The project is part of Oiltanking’s digital transformation as it enhances the use of smart and sophisticated digital technology at its sites.   Safety…

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  • Covenant Energy plans renewable diesel refinery in Saskatchewan

    Covenant Energy Ltd has let contracts to Haldor Topsoe AS and Gas Liquids Engineering Ltd (GLE) as part of the operator’s plan to advance construction of Canada’s first standalone hydrogenation-derived renewable diesel (HDRD) and sustainable aviation fuel (SAF) refinery in southern Saskatchewan.   As technology…

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  • Fifth Chinese Member Joins GWO

    Fast growing Chinese wind turbine manufacturer CRRC Zhuzhou Institute Company Ltd has now joined Global Wind Organisation, becoming part of a global network of stakeholders driving standards for safety.   CRRC is one of the world’s top wind turbine manufacturers, with 3.84 Gigawatts of new…

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  • USA Shale Finally Making Money After Blowing US$300 Billion

    Marathon Oil Corporation used to represent everything which was wrong with US shale: enormous debt loads, lavish executive pay and a seeming willingness to spend whatever it took to boost output. The company haemorrhaged money, and the stock plunged 84% from a peak in 2014…

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  • Shelf to customise jack-up for Chevron assignment offshore Angola

    Chevron subsidiary Cabinda Gulf Oil Company(CABGOC) has contracted the jack-up Shelf Drilling Tenacious for operations offshore Angola.   The contract will likely start next January and includes extension options.   David Mullen, CEO of Shelf Drilling, said: “The rig will be highly customised for Chevron’s operations…

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  • Federal Judge Orders Biden Admin to Lift Oil Lease Ban

    US Interior Secretary Deb Haaland said on the 16th June that her department was reviewing a federal court’s decision that it must resume auctioning oil and gas leases on federal acreage but did not say when those auctions might restart.   The administration of President…

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  • Equinor to drill Egyptian Vulture prospect

    Equinor Energy AS has been given consent to drill exploration wells 6407/1-U-1 and 6407/1-1-9 in the Norwegian Sea by the Petroleum Safety Authority Norway (PSA).   The Egyptian Vulture prospect will be drilled in production licence (PL) 939 by the West Hercules semisubmersible drilling rig…

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