UK’s Labour Party plans to impose a reported £11 billion windfall tax on oil companies, and to delist from the London Stock Exchange those companies which do not help with climate change, its general election 2019 manifesto launched on the 21st November reveals. “We…
Travelers to cease writing cargo at Lloyd’s US carrier Travelers is exiting cargo business at Lloyd’s.
India has launched its biggest privatisation drive in more than a decade, offering majority stakes in three state-owned companies in a bid to raise funds to bridge a widening fiscal gap and boost a slowing economy. The cabinet committee on economic affairs decided on…
In a joint effort between North Sea Port and Titan LNG, the first ship-to-ship (STS) LNG bunkering in the Belgian port of Ghent has been completed. Titan LNG delivered approximately 150 t of LNG to the Fure Valo, an LNG powered tanker, built in…
GE has announced that it has successfully completed an ALSPA steam turbine controls migration to its state-of-the-art Mark VIe* controls system with rotor stress controller upgrade at ENGIE Group’s Baymina power plant in Turkey. This first-of-its-kind Migration Pack upgrade features replacement of the controls…
JV partner Cue Energy Resources has announced that the PB-1 exploration well in the Mahato PSC, Indonesia, commenced drilling on 19 November 2019 at 12:00hrs local time. PB-1 is planned as an exploration well to test the PB prospect. It will be to be…
OOS Energy, a subsidiary of Dutch firm OOS International, has taken over management of the semi-submersible drilling rig ODN Delba III from Ocyan, formerly known as Odebrecht Oil & Gas. OOS International said last week that the onshore and offshore management teams of OOS…
Romanian oil company OMV Petrom has completed the removal of the Gloria platform from its production location in the Black Sea offshore Romania. OMV Petrom said it would decommission the Gloria offshore platform in the Black Sea back in May 2019 after the platform…
The European Investment Bank (EIB) has revealed that it will end financing for fossil fuel energy projects from the end of 2021. Future financing will accelerate “clean energy innovation, energy efficiency and renewables”, according to the EIB, which said the group will unlock US$1.1…
Swedish energy firm Vattenfall is set to take proposals for a second Aberdeenshire wind farm to local residents in a bid to move the project forward. The 70 megawatt (MW) Clashindarroch II development will consist of 14 turbines, each almost 600 feet in height….
