Singapore’s offshore drilling rig and vessel construction company Keppel O&M has returned to profit in the first half of 2019. The order book is at 2016 high, with a large chunk of new orders coming from renewables and LNG sectors. Keppel has also employed more than 700 people in 2Q. According to Keppel Corporation’s results […] Read more
Energy powerhouse Equinor has formed a consortium with the Korea National Oil Corporation and Korea East-West Power to develop a floating offshore wind project. In an announcement Thursday, Equinor said the consortium would undertake a feasibility study for the 200 megawatt project, which would be located off the coast of Ulsan, South Korea. Pending the […] Read more
U.S. shareholders with small interests in private equity and venture capital firms could be safe from a tax on a new category of foreign income under proposed IRS rules, which might spur cross-border investment. The Internal Revenue Service offered a reprieve to certain shareholders of partnerships on the tax overhaul’s levy on global intangible low-taxed […] Read more
The government on Wednesday said the statutory instrument to implement the climate change plan – introducing a legally binding net zero target to end the UK’s contribution to global warming entirely by 2050 – would be laid in Parliament today, Wednesday 12 June. This will amend the Climate Change Act 2008. “The UK already leads […] Read more
Italian oil and gas company Eni has made the fifth oil discovery in one year in Block 15/06, in Angola’s deep offshore. The well has been drilled on the Agidigbo exploration prospect, and analysis of post drill results indicate between 300 and 400 million barrels of light oil in place, Eni said on Monday. The […] Read more
Oil prices were mixed on Tuesday as prices were caught between concerns over global supply and fears that the U.S.-Chinese trade conflict will hurt demand. Brent crude fell by 15 cents, or 0.2%, to $$69.96 a barrel, with prices repeatedly veering above and below $70 in choppy trading. U.S. West Texas Intermediate (WTI) was up […] Read more
Solar is one of the most forms of clean energy we have, in a time that emissions-free energy is more important than ever. If the global community has any hope of keeping with the ambitious goals set by the Paris Agreement, in “keeping a global temperature rise this century well below 2 degrees Celsius above […] Read more
Under the contract, which includes a three-year term with a two-year extension, Halliburton will provide drilling services to drive greater efficiency by integrating multiple product offerings and technologies, the oilfield services provider said on Wednesday. “Our integrated services model is designed to help accelerate new field development, reduce drilling and completion costs and increase recovery […] Read more
The Trump administration’s push to boost fossil fuel extraction has received a major setback. On March 29, Judge Sharon Gleason of the U.S. District Court for Alaska ruled invalid Trump’s order lifting a ban on oil and gas drilling in much of the the Arctic Ocean and along parts of the North Atlantic coast. Gleason […] Read more
According to VesselsValue, a maritime and offshore analytics company, and the Norwegian shipbrokers Westshore, ConocoPhillips UK hired the Maersk Lancer, Maersk Laser, Siem Pearl, and Skandi Skansen anchor handlers. The vessels were chartered by the oil company on a 21-day spot deal each. Westshore data shows the work is expected to start on Monday, April […] Read more
