Iran’s new president has picked the former head of the country’s natural-gas company as oil minister, at a time when the Islamic Republic is engaged in fraught negotiations with world powers to revive petroleum exports. Javad Owji, who hasn’t previously held a full ministerial…
The summer doldrums are here for oil supertankers. Freight rates on the benchmark route from the Middle East to Asia have slipped to their lowest levels since March, meaning lower earnings for those vessels, Baltic Exchange data show. At the same time, ship-fuel costs…
Repsol Norge has authorisation from the Norwegian Petroleum Directorate (NPD) to start up the Yme oil field in the southeastern Norwegian North Sea. Production is expected to start later this year. According to the NPD, Yme is one of the first oil fields…
Siemens Gamesa, the world’s leader in the offshore wind industry, will expand its successful offshore blade factory in Hull by 41,600 square metres, more than doubling the size of the manufacturing facilities. The expansion represents an investment of £186 million and is planned to be…
An oil spill off Russia’s Black Sea coast over the weekend spread over an area of nearly 80 square kilometres and was much larger than initially thought, scientists at Russia’s Academy of Sciences (RAN) said on the 11th August citing satellite imaging. A leak occurred as…
Japan’s recent Strategic Energy Plan (SEP) revision lowers the targeted share of LNG in the country’s power generation mix in 2030 from 27% to 20% as a measure to cut emissions. However, the targets could be too ambitious and changes the plan will bring…
Natural Law Energy, the Canadian indigenous group which sought a stake in the now defunct Keystone XL pipeline, has shifted its focus to owning part of the Trans Mountain oil sands pipeline to the Pacific. The group is participating in meetings with the Canadian government and…
Silixa has completed the installation, validation, and operation of what is said to be the world’s first subsea Distributed Acoustic Sensing (DAS) system. Silixa concluded the installation, validation, and borehole seismic acquisition from a permanently installed fibre-optic DAS system Carina Subsea 4D on BP’s Atlantis…
Esso Exploration and Production Guyana Ltd has let a contract to Oceaneering International for two surveys offshore Guyana. The surveys are scheduled to begin in this year’s third quarter. The contract award covers a towed and autonomous underwater vehicle (AUV) geophysical survey and…
On the 10th August US Secretary of State Antony Blinken appointed former diplomat Amos Hochstein as a senior adviser for energy security to work on the fallout from the Russia-backed Nord Stream 2 pipeline, among other energy issues, according to a statement. The United States…
