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OPEC’s Barkindo passes away unexpectedly at age 63

Authorities & Government

OPEC’s Barkindo passes away at the age of 63

OPEC Secretary General, who was scheduled to retire from the role at the end of the month, has passed away at the age of 63.

about 4 years ago

Authorities & Government

‘Hostile’ drones en route to Energean FPSO shot down over Mediterranean Sea

Three unarmed drones, headed straight for a gas field off Israel and Energean’s new FPSO, have been taken down by the Israeli forces.

about 4 years ago

Faster ramp-up of investments in clean sources needed to tackle double whammy of energy and climate crises

Authorities & Government

Faster ramp-up of investments needed to tackle double whammy of energy and climate crises

While investments are expected to reach $2.4 trillion this year, this is not enough to come to grips with the energy and climate crises.

about 4 years ago

UN coordinator urges public help with funding to stave off ‘5th largest oil spill from a tanker in history’

Authorities & Government

UN coordinator urges public to help stave off ‘5th largest oil spill from a tanker in history’

UN Coordinator has urged the public to help with funding to head off a decaying oil tanker threat and prevent an oil spill in the Red Sea.

about 4 years ago

Authorities & Government

Five Noble rigs to join Shelf Drilling’s fleet for $375 million

Shelf Drilling has inked a deal with Noble to buy five jack-up rigs, which are being sold to address concerns about the Noble-Maersk merger.

about 4 years ago

Authorities & Government

Rystad: Russian crude oil diverted from Europe to India & China as war rebalances trade flows

Almost four months after Russia’s invasion of Ukraine, Russian crude oil, Urals, has seen a switch in flow from its traditional market of Europe to Asia, Rystad says.

about 4 years ago

Authorities & Government

Energean to drill two more Israel wells with Stena drillship

Energean has exercised its options with Stena Drilling for two more wells offshore Israel as part of its 2022 growth drilling campaign.

about 4 years ago

A photo of the G7 ministers at the meeting in Berlin in May 2022

Authorities & Government

In focus: G7 puts fossil fuel financing in crosshairs, commits to electricity sector decarbonization

The latest meeting of the G7 ministers for climate, energy, and environment has resulted in further commitments from the world’s most developed countries to curb the rise in global temperatures to 1.5°C and assist the countries affected the most by climate change. One of the commitments that stands

about 4 years ago

Energean Power FPSO, Admiralty Yard, Singapore

Authorities & Government

Crossing of Energean Power FPSO marks ‘first-of-its-kind in history of Suez Canal’

Energean’s new FPSO has crossed the Suez Canal while on its way from a shipyard in Singapore to waters off Israel.

about 4 years ago

IRENA assembly at 23rd council meeting (Courtesy of IRENA)

Authorities & Government

IRENA: Francesco La Camera up for re-election as call for inclusive energy transition reverberates

High-level delegates from 100 countries have discussed International Renewable Energy Agency’s (IRENA’s) medium-term strategy and director-general’s re-election at 23rd council meeting.

about 4 years ago

UN spearheads efforts to raise $80 million to prevent major oil spill off Yemen

Authorities & Government

UN spearheading efforts to raise $80 million to prevent major oil spill off Yemen

The UN is working on raising the funds for the implementation of its plan to address a threat posed by an FSO unit off the Yemen coast.

about 4 years ago

Authorities & Government

This year’s oil & gas payments to governments to smash records, Rystad says

High commodity prices and increasing oil & gas supply are set to push upstream sector payments to governments to an all-time high, Rystad says.

about 4 years ago

Authorities & Government

ADES to take over jack-up rig from Maersk

Maersk Drilling has entered into an agreement with ADES to sell a jack-up rig for $42.5 million in an all-cash transaction.

about 4 years ago

Authorities & Government

Oil and gas to catapult global energy spending to record highs in 2022, Rystad says

Surging oil, gas and power prices together with the EU’s goals of becoming less dependent on Russian supplies and post-Covid-19 pandemic inflation will catapult global energy spending this year to $2.1 trillion, Rystad Energy research shows.

about 4 years ago