Singapore’s KrisEnergy has hired a jack-up drilling rig operated by PV Drilling for drilling operations on the Apsara development located offshore Cambodia. KrisEnergy said on the 14th August that a letter of award has been agreed with PV Drilling for the PVD III jack-up…
Britishvolt, the UK’s foremost investor in battery technologies, has announced the appointment of Ray Macera as Project Director for the construction and implementation of Britain’s first battery gigaplant. Mr Macera, who is reporting directly to Britishvolt CEO, Orral Nadjari, leads one of the largest…
Xodus Group has started a three-year collaborative research project on the costs around floating offshore wind. The study, led by Xodus through the IDCORE programme, is a collaborative partnership between the Universities of Edinburgh, Strathclyde and Exeter as well as the Scottish Association for…
Phillips 66 is planning to permanently cease processing of crude oil at the 120,000-b/d portion of its San Francisco refining complex in Rodeo, California and convert the plant into a renewable fuels refinery as part of an investment strategy in the operator’s energy transition to…
The US has seized four tankers carrying Iranian gasoline bound for Venezuela in an unprecedented move by the Trump administration which carries the potential to destabilise global oil shipments if Iran retaliates. The tankers were transporting 1.116 million barrels of petroleum, which has now…
Venezuela – one of the world’s earliest and (at one time) largest oil producers, as well as a founding member of OPEC – could soon be producing close to zero barrels of oil, according to a new analysis by IHS Markit. Venezuelan crude oil…
The idea of producing cleaner-burning hydrogen to rid the world of fossil fuels is gaining traction in the unlikeliest of places: Alberta, home of the infamously dirty oil sands. Better known for energy companies which have been blacklisted by the Church of England for their…
Bahamas Petroleum Company (BPC) has been granted an interim force majeure extension to the second exploration period for its southern licences in The Bahamas, which will ensure the drilling of the Perseverance #1 well can be completed within the planned timeframe of the rig contract….
In its August Short-Term Energy Outlook (STEO), the US Energy Information Administration (EIA) forecasts Brent crude oil spot prices will average US$41/bbl in 2020 and US$50/bbl in 2021 and West Texas Intermediate (WTI) spot prices will average US$39/bbl in 2020 and US $46/bbl in 2021….
Industry-leading alternative fuel provider, American Natural Gas (ANG), has announced its support of one of the country’s largest brewers, Anheuser-Busch, as the company continues to implement carbon reduction strategies in its supply chain by transitioning more than 180 delivery trucks in its Houston and St Louis dedicated fleets to…
