In January, around 300 companies, including Vitol Group, the world’s biggest independent oil trader, and Australian mining behemoth Rio Tinto Group, signed a pledge to take action to resolve the crisis for seafarers. Called “the Neptune Declaration,” […]
The turbines are expected to be the largest wind turbines in the world at the time of installation and have an individual capacity of 14 MW, Cadeler said. The contract, valued at approximately USD 120 […]
According to a Reuters article, UK head Sinead Lynch will become Shell’s global head of low-carbon fuels. It is worth noting that the changes were announced internally. Lynch, who joined Shell company in 2016 following its acquisition of […]
The three FPSOs are Berge Helene, BW Cidade de São Vicente, and Espoir Ivoirien, BW Offshore said on Wednesday. According to BW Offshore, the impairments reflect continued uncertainty around redeployment and extension for certain older […]
Covid-19 is destroying the market for supertankers that deliver about a fifth of the world’s crude oil. The result is likely to be booming trade on the beaches of Bangladesh, India and Pakistan, where obsolete […]
A worker who showed symptoms while on the North Sea platform tested positive for the virus upon returning to shore on January 17. In alignment with Covid contact tracing procedures on the Forties Bravo, Apache […]
Markets price in larger stimulus amid changing administration and bank earnings coming in higher than expected. The Dow Jones Industrial Average rose 150 points, or 0.5%. The S&P 500 gained 0.7%, led by communication services, […]
Elon Musk’s SpaceX bought two deepwater oil rigs last year and is converting them into floating launchpads, to support the enormous Starship rockets that the company is developing. The rigs are in the Port of Brownsville, […]
OSLO: A dozen workers at Norway’s Mongstad oil refinery could go on strike if an upcoming round of wage talks fails to result in agreement, Norway’s Safe labour union said on Friday. No date has yet been set for the negotiations, which […]
LONDON: Energean announced on Thursday it will develop a new natural gas field off the coast of Israel at an initial cost of $150 million. Energean also said it had signed an 18-month, $700 million loan facility with J.P. […]
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