By Nermina Kulovic The American Petroleum Institute has welcomed a historic OPEC+ agreement to curb global crude oil production. However, significant challenges remain in the weeks and months ahead, API has said. The… … Read Full Article Here For more great articles: Offshore Energy Today
By Nermina Kulovic Oilfield services provider Baker Hughes will be taking a $15 billion non-cash goodwill impairment charge in its first quarter 2020 in response to the significant decline in oil and gas prices and the… … Read Full Article Here For more great articles: Offshore Energy Today
By Mirza Duran German giant Volkswagen Group said it will soon have at disposal two LNG-fueled vessels it chartered from Siem Car Carriers. The two LNG-powered ships in Xiamen, China (Image courtesy of Volkswagen) The sister vessels named Siem Confucius and Siem Aristotle during a ceremony at Xiamen Shipbuilding’s yard in China last year will…
By Bojan Lepic President and chief executive officer (CEO) of U.S. oil and gas company Murphy Oil has resumed his responsibilities at the company after recovering from what was presumed to be COVID-19. The post… … Read Full Article Here For more great articles: Offshore Energy Today
By Bojan Lepic Dutch marine energy group SBM Offshore has been adapting to the unprecedented situation regarding the coronavirus pandemic and was protecting its workforce by putting in place business continuity… … Read Full Article Here For more great articles: Offshore Energy Today
By Nadja Skopljak Ørsted and ITM Power are working on a design concept to integrate hydrogen electrolysers into offshore wind turbines. The project proposes an electrolyser placed in the turbine tower or very near it, directly electrically connected to the DC link in the turbine, with power flow control and water supplied to it. In…
By Adnan Bajic Poland’s Grupa LOTOS signed an agreement with LOTOS Paliwa and Remontowa LNG Systems to build a pilot LNG fueling station in Gdańsk-Osowa. LOTOS expects to start commercial operation at the LNG fueling in mid-2021. Specifically, the facility will enable the refueling of LNG and CNG-powered vehicles. The cryogenic condenser will enable boil-off…
By Nermina Kulovic After four days of negotiations OPEC, Russia, and allies have agreed on record production cuts to save the oil industry amid a major industry crisis exacerbated by the coronavirus pandemic. The… … Read Full Article Here For more great articles: Offshore Energy Today
By Bojan Lepic Tender rig specialist Energy Drilling has completed the heavy lifting of the drilling equipment set at the Kerisi platform in the Natuna Sea. The post Energy Drilling completes heavy lift for Medco… … Read Full Article Here For more great articles: Offshore Energy Today
By Nermina Kulovic A worker has died onboard the Saipem FDS vessel, currently located in the port district of Waalhaven in Rotterdam. While the death was initially suspected to be linked to the coronavirus, Dutch… … Read Full Article Here For more great articles: Offshore Energy Today