The upcoming partial return of curtailed OPEC+ oil production from August is set to create a new four-month supply glut of around 170 million barrels, a Rystad Energy analysis reveals.
The Hydrogen Council, a global CEO-led coalition working to enable the global energy transition through hydrogen, has welcomed three new members from the maritime sector.
Germany’s Uniper has teamed up with General Electric to decarbonize its gas-fired power plants and natural gas storage facilities.
Repsol booked a loss in the second quarter of the year after being forced to re-evaluate its upstream assets due to the effects of the coronavirus pandemic and the low oil price environment.
Hit by the Covid-19 downturn, the oilfield service market is not likely to rebound to last year’s activity level until 2023, according to a Rystad Energy analysis.
German shipping company Hapag-Lloyd confirmed that there is no active COVID-19 cases on board its two US-flagged containerships, Philadelphia Express and St. Louis Express.
What will happen next in the upstream M&A and what direction will it take? Is now the time to go on the first buying spree after the COVID-19 outbreak and get the high-value goods at a bargain price? Chevron might agree.
ENGIE and EDP Renováveis have announced the creation of Ocean Winds (OW), a joint venture equally controlled by both companies in the floating and fixed offshore wind energy sector. Headquartered in Madrid, Spain, the new company will act as the exclusive investment vehicle in offshore wind for both
The Oil and Gas Climate Initiative (OGCI) has revealed a target to reduce the collective average carbon intensity of member companies’ aggregated upstream oil and gas operations to between 20 and 21 kilograms of CO2 emissions per barrel of oil equivalent by 2025, from a collective baseline of 23 kg
Swedish energy company Vattenfall, the developer of the 1.5 GW Hollandse Kust Zuid wind farm in the Dutch North Sea, is joining Amsterdam IJmuiden Offshore Ports (AYOP). By joining this public-private association which gathers more than 85 companies and organizations active in the offshore energy se
Norwegian firms Aker Solutions and Kværner have entered into a merger plan to create an optimized supplier company. The consolidation will take the form of a statutory merger whereby Aker Solutions will absorb Kværner, in accordance with the Norwegian Public Limited Liability Companies Act. Kjetel D
The Organization of the Petroleum Exporting Countries and its allies, also known as OPEC+, have agreed to curb oil supply from August as the global economy recovers from the COVID-19 pandemic.
After a successful start of the Interreg 2 Seas project, the ENCORE consortium is now planning the kick-off of its regional impact campaign at the Offshore Energy Exhibition & Conference (OEEC) in Amsterdam on 27th October 2020. At the OEEC, ENCORE will reach out to the offshore supply chain sector
The COVID-19 pandemic has stymied oil and gas activity, a phenomenon which has now affected the drilling market both in terms of wells drilled and in terms of related demand for drilling equipment.
