Producers in the Middle East have asked Asian refiners to submit crude oil loading programmes for April and May in preparation for the eventual resumption of shipping through the Strait of Hormuz, three sources with knowledge of the matter said…
Van Oord has installed three monopile foundations using GBM Works' jetting solution in combination with CAPE’s vibro lifting tool for the first time at commercial scale, a milestone in silent offshore installation.Designed to reduce underwater noise and minimise impact on marine life…
A group of European offshore wind and marine engineering companies has launched a consortium to develop technology aimed at reducing underwater noise from offshore construction.The Searénité consortium brings together Chantiers de l’Atlantique…
Perenco has completed the acquisition of Saturn Banks assets in the U.K. Southern North Sea after receiving regulatory approval.The transaction, agreed with CalEnergy Resources, includes the purchase of CalEnergy North Sea Limited and CalEnergy Infrastructure Limited…
China Huaneng Group (CHNG) has connected the 504 MW offshore wind project off the Shandong Peninsula to the grid, which is now operating at full capacity.The Huaneng Shandong Peninsula North offshore wind farm comprises 42 turbines of 12 MW each…
Nexans and Statnett have completed a 420 kV subsea cable project across the Fensfjord in western Norway, strengthening power supply to Bergen and surrounding industrial areas.The project, awarded in 2022, included the engineering, manufacturing…
Kazakhstan's energy ministry said on Tuesday that oil shipments via the Caspian Pipeline Consortium were stable after Russia's military accused Ukraine of damaging loading facilities belonging to the group in the Black Sea.Russia's Defence Ministry…
The U.S. and Israeli war against Iran has been characterised by a series of miscalculations by most of the involved and peripheral parties, but the real danger is the delusion over the scale of the resulting energy crisis.It is delusional of any nation to think that it…
Indian refiners have purchased Iranian oil amid the Middle East conflict that has disrupted supplies through the Strait of Hormuz, the oil ministry said on Saturday.The world's third-biggest oil importer and consumer, India has not received a cargo from Tehran since May 2019…
Oil prices were little changed in choppy trade on Monday, as investors awaited clarity on the status of talks between the U.S. and Iran even as they remained wary about sustained supply losses due to shipping disruptions.Brent crude futures LCOc1 rose 76 cents…
Unmanned robotics services provider DroneQ Robotics and offshore support and vessel management Mark Offshore have struck a deal on the latter's new fleet addition 'R/V Mintis.' Mark Offshore manages and operates the DP1 ROV Support & Survey vessel…
OMV Petrom and its partners have completed drilling of the Krum-1 exploration well in the Han Asparuh Block offshore Bulgaria, but did not encounter significant gas volumes.The well, drilled to a depth of around 3,500 meters in the Black Sea…
Oil prices climbed nearly 7% on Thursday after President Donald Trump said the U.S. would continue attacks on Iran, stoking fears of prolonged disruptions to oil supply.Brent crude futures LCOc1were up $7.65, or 7.6%, to $108.81 per barrel at 0902 GMT…
Oil supply disruptions from the Middle East will rise in April and begin to impact Europe's economy as the closure of the Strait of Hormuz severely curbs supplies, International Energy Agency head Fatih Birol said on Wednesday.More than 12 million…
The U.S. and Israeli war against Iran has changed the global market for liquefied natural gas (LNG), providing a boost to producers outside the Middle East that will likely last long after the current conflict ends.One of the major beneficiaries is Australia…
