The total capital and operational expenditure of exploration and production companies (E&Ps) is now likely to be cut by $100 billion in 2020 and another $150 billion in 2021 if oil prices remain at a $30 level, a Rystad Energy impact analysis revealed
REN’s Sines LNG import terminal on Portugal’s Atlantic coast is set to receive a pair of cargoes over the coming days.
Floatgen, the first offshore wind turbine installed off the French coast, produced 923.2MWh of electricity in February, setting a new monthly record. The 2MW Floatgen turbine achieved a capacity factor of 66.3% for the power production of 923.2MWh last month, Ideol said. With a February time availab
Australian LNG player Santos has agreed to sell a 25 percent interest in Darwin LNG and Bayu-Undan to SK E&S for $390 million with effect from October 1, 2019.
Mubadala Petroleum has increased its interest in its operated G1/48 Concession in the Gulf of Thailand, which includes the Manora field.
French liquefied natural gas containment system specialist, GTT, through its unit GTT North America signed a 5-year global technical services agreement with Excelerate Energy.
ECSA has welcomed the Declaration on Waterborne Transport issued in Croatia.
Norwegian oil production during February 2020 fell below predictions made by the Norwegian Petroleum Directorate (NPD), according to the directorate’s report on Thursday.
The coronavirus outbreak reduced cargo volumes moving through the nation’s ports.
Individuals from two more cruise ships operated by Princess Cruises test negative for coronavirus.
MAN Energy Solutions has won the order to supply the LNG engines for a shuttle ferry newbuilding for Tallink Grupp, the Estonian shipping company. A diesel-electric plant comprising five MAN 51/60DF dual-fuel main engines, with LNG as primary fuel will power the MyStar, which Rauma Marine Constructi
Australia and the US sign a milestone arrangement to bolster Australia’s access to emergency oil supplies.
China Energy Conservation and Environmental Protection Group (CECEP) has installed the first turbine at its 300MW Yangjiang Nanpeng offshore wind project. The first MySE 5.5-155 turbine was installed on 8 March at the project site some 28km off the coast, Ming Yang Smart Energy reported. The install
UAE’s oil giant ADNOC has decided to step up its efforts and produce more oil, pledging to increase supply to over 4 million barrels per day in April 2020 following the collapse of the OPEC+ agreement.
