Ethane, a key component in plastic production, is trading at a nearly two-and-a-half-year high in the US, with demand surging as global economies recover from last year’s slump. Prices for the fuel, which is a by-product of natural gas processing, have climbed 57% this…
Mozambican President Filipe Nyusi said on the 25th July that troops fighting the Islamic State-linked insurgency in its northern province of Cabo Delgado were gaining ground and the enemy was retreating. Mr Nyusi was addressing the nation on the crisis which was triggered when…
First oil has flowed from Santos’ Van Gogh Phase 2 infill development in the Exmouth basin offshore Western Australia. The first of three new production wells, drilled by the semi-submersible Valaris MS-1, produced at a peak rate of 23,200 b/d. Santos managing director…
Honeywell has announced that its cloud-based Honeywell Enraf® Inventory Calculation Module (HEICM) has been integrated into Royal Vopak’s MyService Terminal Management System (TMS). Developed in cooperation with Royal Vopak, Rotterdam, MyService is used at Vopak terminals to facilitate the safe, clean and efficient storage…
BP has formed an exclusive consultancy agreement with Quaybridge, a leading UK-based renewables consultancy with global expertise in offshore wind. The two will work together to advance BP’s global offshore wind portfolio as part of its zero-carbon growth strategy, and accelerate the building of in-house…
If an energy transition is underway around the world, it hasn’t reached the streets of Ilha da Conceicao, the working-class district at the heart of Rio de Janeiro’s oil revival. There, buses and trucks are piling into Baker Hughes Company’s shipyard, where the energy…
Norwegian oil and gas giant Equinor will start drilling operations at the Egyptian Vulture well, located off Norway, in late August. This is the first of seven wells planned for the next 18 months by Longboat Energy following its farm-in deals with three separate operators….
Shell Trinidad and Tobago (through BG International, a subsidiary of Royal Dutch Shell Plc) have announced that production has started on Block 5C in the East Coast Marine Area (ECMA) in Trinidad and Tobago. This marks a significant milestone in the delivery of gas both…
Equinor Energy AS and Wellesley Petroleum AS have agreed to a swap of certain development assets on the Norwegian Continental Shelf, Wellesley said in a statement on the 26th July. The signed sale and purchase agreement sees Equinor acquire a 40% participating interest in…
RWE, Shell, Gasunie, and Equinor have signed a declaration of intent to further intensify their collaboration on the first large-scale offshore hydrogen park in the German North Sea. The AquaSector project aims to demonstrate that in Germany offshore-based hydrogen production enables an efficient, cost-effective,…
