Everllence, formerly MAN Energy Solutions, has signed a cooperation agreement with Brazil’s Vale, a […] The post Everllence and Brazil’s Vale sign cooperation agreement for ethanol as marine fuel appeared first on Offshore Energy.
Norwegian state-owned energy giant Equinor has found more black gold in the North Sea off the coast of Norway, thanks to drilling activities with one of Odfjell Drilling’s semi-submersible rigs. The post North Sea becomes richer for another oil discovery appeared first on Offshore Energy.
Dutch Damen Shipyards Group has delivered a purpose-built vessel to Scottish Leask Marine, designed […] The post Leask Marine takes delivery of purpose-built Multi Cat vessel from Damen appeared first on Offshore Energy.
West Natuna Exploration Limited (WNEL), a majority-owned subsidiary of Singapore-headquartered natural gas player Conrad Asia Energy, has taken a step to secure future gas supply by greenlighting a final investment decision (FID) for a natural gas field in the West Natuna Sea off the coast of Indonesia. The post Millions committed to bring Southeast Asian gas field to life appeared first on Offshore Energy.
Following the completion of testing, Italian cabling giant Prysmian revealed it was ready to […] The post Higher power transfers enabled as Prysmian qualifies use of 525 kV cables at up to 90°C appeared first on Offshore Energy.
Israel’s Navitas Petroleum has locked in the increase of its oil and gas footprint off the coast of the Falkland Islands by firming up a deal to get a lion’s share in a license within the North Falkland Basin. The post Navitas signs off on Falkland Islands oil & gas portfolio expansion appeared first on Offshore Energy.
Malaysia’s Velesto Energy, owner of premium jack-up rigs, has landed a multi-year drilling assignment for one of its rigs with Petronas Carigali, a subsidiary of the Asian country’s energy giant Petronas. The post Five-year Asian drilling gig comes Velesto rig’s way appeared first on Offshore Energy.
Greece’s Asso.subsea has signed the shipbuilding contract with China Merchants Heavy Industry (CMHI) for […] The post Asso.subsea orders second next-gen trenching support vessel from China Merchants appeared first on Offshore Energy.
As the closure of the Strait of Hormuz, through which 15% of global oil and 20% of global liquefied natural gas (LNG) supply flows, evokes fears of a major energy shock, analysts at Wood Mackenzie, an energy intelligence group, have warned that oil prices could surge past $100 a barrel (bbl), if flows are not restored, echoing the price spikes seen during the onset of the Russia-Ukraine conflict. The post Hormuz shutdown ramifications: Oil price hike to hit $100 as Asia-Europe LNG battle looms appeared first on Offshore Energy.
MET International, the trading and wholesale arm of Switzerland-headquartered energy company MET Group, and […] The post More LNG for Europe as MET Group and Shell expand their long-term cooperation appeared first on Offshore Energy.