Oil output from Argentina’s Vaca Muerta formation has pushed past pre-pandemic levels to reach a record high 124,000 b/d in December 2020, according to Rystad Energy. The ascent could continue to 145,000-150,000 b/d by end-2021 if current activity levels continue. The previous oil…
The technology group Wärtsilä will supply a comprehensive range of solutions for a new 132 metres long RoPax ferry for the Isle of Man Steam Packet Company (IOMSPC). It is being built at Hyundai Mipo Dockyard in Korea and will serve the Heysham to…
Despite the COVID-19 pandemic, the world’s installed offshore wind capacity rose by 15% in 2020, reaching 31.9 GW at year-end, from 27.7 GW at the end of 2019, according to Rystad Energy. China was the main contributor in 2020, accounting for 39% of last…
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Peter Szijjarto, Minister of Foreign Affairs and Trade of Hungary, has taken place via a video call. The parties discussed the state and prospects of their cooperation in the gas sector….
Gina Rinehart – Australia’s richest woman and a financial supporter of one of the country’s most fiercest critics of climate and renewables policy – is to have a 30MW solar farm constructed at her main iron ore mining operations to help it cut emissions. …
EIG Global Energy Partners-controlled Limetree Bay Ventures LLC has completed its long-planned restart of an idled refinery previously owned and operated by Hovensa LLC at Limetree Bay on St Croix, US Virgin Islands. Now operated by Limetree Bay Refining LLC and equipped with a…
Petropars Company has contracted Esfarayen Lulehgostar Company to supply pipes for the South Pars Phase 11 development in the Persian Gulf. This follows an earlier award to the same company for casing for wells at the offshore Foroozan field, according to news service Shana…
Shell, C3 AI, Baker Hughes and Microsoft have launched the Open AI Energy Initiative (OAI), a first-of-its-kind open ecosystem of artificial intelligence (AI)-based solutions for the energy and process industries. Specifically, the OAI provides a framework for energy operators, service providers, equipment providers and…
The US has gone to court in an attempt to seize two million barrels of oil which it claims came from Iran, as Joe Biden’s administration shows little sign of taking a softer line on Tehran. The Department of Justice filed a case in…
A recently announced achievement by one Permian Basin operator could mark the ascendancy of US oil and gas companies in the area of carbon offsets. Find out why, along with other projections, in this instalment of what to watch this week in oil and…
