British oil major BP is planning to invest $1 billion (£640 million) to expand the life of its North Sea assets. The company hopes that this investment will secure the future of its Eastern Trough Area Project (ETAP) fields, located in the UK sector of the North Sea, until at least 2030. The Eastern
The U.S. Coast Guard continues to monitor and prepare for the arrival of Tropical Storm Guillermo in the main Hawaiian Islands and respond to damage in Guam and Saipan caused by Typhoon Soudelor on August 4. A Tropical Storm Warning is in effect for the Hawaiian Islands and high surf is expected on
The U.S. Coast Guard continues to monitor and prepare for the arrival of Tropical Storm Guillermo in the main Hawaiian Islands and respond to damage in Guam and Saipan caused by Typhoon Soudelor on August 4. A Tropical Storm Warning is in effect for the Hawaiian Islands and high surf is expected on
According to the International Energy Agency (IEA), energy demand will rise by almost 40 percent in 2040. But at the same time, the energy industry faces challenges with a changing climate which requires a drastic reduction of greenhouse gas emissions. So, it’s no surprise that renewable energy will
Brazilian oil giant Petrobras, for months engulfed in a bribery and kickback scandal, has been given back R$139 million misappropriated by former employees to the company. The company has also announced a new set of measures to keep corruption at bay. The company has said that, of the amount returne
The U.S. Department of Energy (DOE) said it has authorized Floridian Natural Gas Storage Company to export LNG by ISO containers on vessels from the proposed Floridian liquefaction facility in Martin County. The volume approved in DOE’s order is equivalent to approximately 14.6 Bcf/yr of natural gas
The U.S. Department of Energy (DOE) said it has authorized Floridian Natural Gas Storage Company to export LNG by ISO containers on vessels from the proposed Floridian liquefaction facility in Martin County. The volume approved in DOE’s order is equivalent to approximately 14.6 Bcf/yr of natural gas
San Diego-based Sempra Energy reported second-quarter 2015 earnings of $295 million, compared with $269 million in the same period a year before. The company’s earnings included a $36 million after-tax gain on the sale of the second block of Sempra U.S. Gas & Power’s Mesquite Power facility and $1 m
San Diego-based Sempra Energy reported second-quarter 2015 earnings of $295 million, compared with $269 million in the same period a year before. The company’s earnings included a $36 million after-tax gain on the sale of the second block of Sempra U.S. Gas & Power’s Mesquite Power facility and $1 m
Polarcus, a marine seismic data acquisition specialist based in Dubai, has reported a drop in its 2Q revenues of $91 million, compared to $137.6 million in the second quarter 2014. The company’s net profit also fell. Polarcus reported a net loss of $78.3 million, versus a net profit of $9.2 million
Energy information provider PIRA said that LNG send-out in Europe is not responding to the shortage of gas in storage in many countries. According to PIRA’s weekly report, the global surplus in liquefied natural gas will not necessarily lead to Europe being a passive dumping ground for volumes. Euro
Energy information provider PIRA said that LNG send-out in Europe is not responding to the shortage of gas in storage in many countries. According to PIRA’s weekly report, the global surplus in liquefied natural gas will not necessarily lead to Europe being a passive dumping ground for volumes. Euro
Have you ever passed through the Panama Canal? The following video, captured from Teekay’s Teesta Spirit, shows the amount of effort needed for a 184-meter tanker to squeeze through the canal. Teesta Spirit started off at the Balboa Anchorage and transited through three sets of locks before reaching
Have you ever passed through the Panama Canal? The following video, captured from Teekay’s Teesta Spirit, shows the amount of effort needed for a 184-meter tanker to squeeze through the canal. Teesta Spirit started off at the Balboa Anchorage and transited through three sets of locks before reaching
