The US has warned Russia that it may follow through on sanction threats over the construction of a major natural gas pipeline to Germany. Asked if the US might impose punitive measures against Nord Stream 2 and other projects, Energy Secretary Rick Perry answered…
Petrobras has selected a Brazilian subsidiary of Houston-based Zentech for a contract to provide engineering support for its fleet of ship-shape and semi-submersible type floating production, storage and offloading platforms along with the fixed gathering and processing platforms. This award is for a three-year period,…
Here is the text of a message sent to Longdown|EIC: I’m pleased to invite you to download DNV GL’s 2018 Energy Transition Outlook. This suite of reports forecasts shifts in the world energy mix in the lead-up to mid-century, and the implications this will…
The race is on to become Norway’s biggest non-state oil company. As supermajors such as Exxon Mobil and BP focus on other regions, a new group of smaller companies is revitalising the country’s oil industry. They are buying up reserves and pumping money…
UK oilfield services provider Petrofac has won a series of well engineering contracts worth a combined value of around US$20 million. Petrofac said on the 13th September that it secured an exclusive five-year well operator services contract from independent exploration and production company Tailwind…
Northern California energy authority RCEA and a consortium of private companies, including Aker Solutions and Principle Power, have submitted a lease application to advance the first commercial scale project for floating offshore wind in the United States. The application for the offshore wind energy…
Oil reserves at Gazprom Neft’s Neptune field offshore Sakhalin Island have risen to 415.8 million metric tons (458.3 million tons), according to the latest estimate from Russia’s Federal Agency for Mineral Resources. Gazprom Neft discovered the field last year with a well 55 kilometres…
GE’s Power Services business (GE) is celebrating the 40th anniversary of its 6B gas turbine fleet by launching the world’s first 6B repowering solution. GE also announced it has signed its first agreement for the solution with a global chemical company to repower three…
Ophir Energy has impaired the value of its Fortuna FLNG development in Equatorial Guinea and decided to downsize its London office in order to transition to an Asian HQ. Ophir has been working to find financing and make a final investment decision on the…
On the 12th September OPEC further trimmed its forecast for 2019 global oil demand growth and said the risk to the economic outlook was skewed to the downside, adding a new challenge to the group’s efforts to support the market next year. In a…
