News
MPI Discovery Installs First Rampion Turbine
MPI Offshore’s jack-up vessel MPI Discovery installed the first of 116 3.45MW MHI Vestas wind turbines at the 400MW Rampion offshore wind farm off Sussex in the early morning hours of Friday, 10 March.
Report: Gazprom delays Baltic LNG start
Russia’s Gazprom has delayed the launch of its planned Baltic liquefied natural gas facility to 2022-2023.
Oil edges off three-month low, but glut worries fester
By Aaron Sheldrick TOKYO (Reuters) – Crude prices inched up on Friday after dropping to their lowest in more than three months the session before, pressured by concerns that a global supply glut is proving stubbornly persistent. U.S. West Texas Intermediate crude (WTI) <CLc1> was up 17 cents, or 0.4
Statoil hits gas in Norwegian Sea
Norwegian energy giant and LNG operator Statoil made a minor gas find in the northern part of the Norwegian Sea and about 200 kilometers west of Sandnessjøen.
Shell to invest up to $1B in new energies, but energy transition won’t happen overnight
Oil and gas major Shell will invest up to $1 billion a year in new energies, according to CEO Ben van Beurden. This fits into Shell’s strategy to lower emissions. “Energy transition will take decades though,” said Van Beurden “and it will be different from country to country.” “Shell wants to play a
Spanish Dockworkers Delay Strike Plans for Another Week
The planned strikes of Spanish dockworkers scheduled for tomorrow, March 10, March 13 and March 15 have been postponed, in yet another attempt of the country’s stevedores to reach a deal on the port reform model. The move follows the government’s announcement on delaying voting on the port reform fo
ING, SocGen to test LNG trading with blockchain in months
By Karolin Schaps, Christoph Steitz and Vera Eckert LONDON/FRANKFURT (Reuters) – Banks ING and Societe Generale are in talks with traders to test liquefied natural gas (LNG) trading based on blockchain, the technology starting to shake up the traditional energy industry. Blockchain, which originates
OPEC’s Barkindo: Russia doing a good job on production cuts
OPEC Secretary General Mohammad Barkindo has praised Russia’s commitment to the oil production cuts Opec and Non-Opec had agreed in December 2016. Asked about Russia’s level of compliance the OPEC Secretary General this week confirmed Russia had said from the start that it wouldn’t immediately be ab
Seaway Heavy Lifting Gearing Up for Beatrice Work
Monday 6 March saw the delivery of the purpose built 700 tonne Pile Installation Frame (PIF) to the Rhenus Logistics Facility in Rotterdam, ahead of deployment to the 588MW Beatrice offshore wind farm site in Outer Moray Firth, Scotland.
AIDA Cruises Rejects Undercover Pollution Findings
German cruise line AIDA Cruises has refuted the pollution accusations by environmental association Nature And Biodiversity Conservation Union (NABU) resulting from “undercover” air tests on the passenger deck of AIDAprima, which reportedly unveiled high loads of health-damaging ultra-fine particles
Turbine Installation Set to Start at Rampion
MPI Offshore’s wind turbine installation vessel MPI Discovery has arrived at the 400MW Rampion offshore wind farm and is getting ready to start installing first MHI Vestas turbines at the site.
Turbine Installation Set to Start at Rampion
MPI Offshore’s wind turbine installation vessel MPI Discovery has arrived at the 400MW Rampion offshore wind farm and is getting ready to start installing first MHI Vestas turbines at the site.
UK Govt to replace Levy Control Framework with new set of controls
UK Chancellor Philip Hammond delivered the Spring Budget 2017 on 8 March, according to which the Levy Control Framework (LCF) will be replaced with new set of controls later this year.
Eni agrees Mozambique LNG development stake sale to ExxonMobil
Italian oil and gas company Eni agreed to sell its 25 percent interest in gas-rich Area 4 block offshore Mozambique to ExxonMobil for a cash price of approximately US$2.8 billion.