Tellurian’s subsidiary Driftwood Pipeline has filed an application to construct and operate a new pipeline to serve Southwest Louisiana and reduce emissions. Courtesy of Tellurian The application has been submitted to the US Federal Energy Regulatory Commission (FERC). The new … Read More
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Schlumberger commits to reaching net-zero by 2050
Giant oilfield services provider Schlumberger is the next company in line to commit to achieving net-zero greenhouse gas (GHG) emissions by 2050. Schlumberger said on Tuesday that it spent 18 months conducting extensive analysis and working with experts to produce … Read More
MPC Container Ships to acquire Songa Container in $210m deal
Norwegian containership owner MPC Container Ships ASA has entered into a share purchase agreement to acquire compatriot Songa Container AS for $210.25 million on a debt and cash-free basis. Upon closing of the deal, Songa’s fleet will comprise 11 container … Read More
BW Ideol, Hitachi ABB Power Grids Working on Floating Substations for Offshore Wind
Floating wind technology developer BW Ideol has teamed up with Hitachi ABB Power Grids on developing scalable floating substations for offshore wind. In what has been described as an industry-first collaboration, the duo will work on developing scalable floating substations … Read More
Valaris Tallies Jack-up Contract Off Qatar
OE staff June 22, 2021 Illustration only – A Jack-up rig / Credit; bomboman/AdobeStock Offshore drilling contractor Valaris said Tuesday that it had secured work for one of its jack-up drilling rigs off the coast of Qatar. The company said it … Read More
S.Africa to Revamp Ailing Port System
South Africa’s National Ports Authority (NPA) will operate as a stand alone business under the aegis of state-owned freight logistics group Transnet, President Cyril Ramaphosa said on Tuesday, as the country tries to overhaul some of the world’s worst-performing ports. … Read More
Oil May Hit $100 but Volatility Will Grow, Say Energy CEOs
June 22, 2021 © igorkol_ter / Adobe Stock Benchmark oil prices could hit $100 a barrel and price volatility could also grow due to lower investments and the energy transition, the heads of top energy companies said on Tuesday. “There … Read More
Oil Settles Slightly Lower as OPEC+ Discusses Raising Production
Crude oil prices settled slightly lower on Tuesday after Brent rose above $75 a barrel for the first time in over two years, as OPEC+ discussed raising oil production. Brent crude futures settled down 9 cents to $74.81 a barrel … Read More