Singapore has been ranked as the top global shipping centre for the eighth year running, a new report found. As explained, Singapore has been rated as the top location due to the size of its port, number of internationally-focused shipbrokers, financiers, lawyers and insurers based there and its supportive government …
Read More »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 a decarbonization plan. With minimal reliance on offsets, the plan …
Read More »Equinor Makes Minor Oil Discovery in North Sea
Norwegian oil and gas company Equinor has made a minor oil discovery near the Visund field in the North Sea offshore Norway, which will be a tie-in to the planned development of the Garantiana oil discovery. The wildcat well 34/6-5 S is located in production licence 554 where Equinor is …
Read More »Turkey Mulls Cooperation with Chevron, ExxonMobil on Black Sea Find
Turkish authorities have shared data on its Black Sea discovery with a duo of U.S. energy majors with possible gas extraction cooperation in mind. Turkey shared its data with Chevron and ExxonMobil regarding its 540 billion cubic-meter Sakarya gas field in the Black Sea, an official with knowledge of the …
Read More »Oman LNG and Shell Join in on Carbon-Neutral LNG
State-owned Oman LNG has signed an agreement with Royal Dutch Shell to deliver the Middle East’s first shipment of carbon-neutral LNG. The carbon-neutral LNG cargo will be delivered from the terminal in Qalhat near Sur, in the Ash Sharqiyah Region of northeastern Oman. Oman LNG explains that nature-based projects aim …
Read More »Denmark, Norway, & US Spearhead Zero-Emission Shipping Mission
The governments of Denmark, Norway, and the United States, along with the Global Maritime Forum and the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping, will lead a new Zero-Emission Shipping Mission as part of Mission Innovation. The mission aims to accelerate international public-private collaboration to scale and deploy new …
Read More »US Weekly LNG Exports Decrease Week on Week
According to the EIA’s latest Short-Term Energy Outlook, U.S. LNG exports decreased for the period between 20 May and 26 May 2021. This reflects lower feed gas deliveries into LNG liquefaction facilities the prior week. Eighteen LNG ships departed the United States in this period. Seven were from Sabine Pass, …
Read More »BP and Eni in Talks to Combine Upstream Portfolios in Angola
Oil giants Eni and BP have entered into a non-binding memorandum of understanding (MoU) to progress detailed discussions on combining their upstream portfolios in Angola, including all their oil, gas, and LNG interests in the country. The companies believe that combining their efforts in a new joint venture company would …
Read More »Shell Makes Significant Oil Find in U.S. Gulf of Mexico
Shell Offshore, a subsidiary of supermajor Shell, has made a ‘significant’ oil discovery in the deepwater region of the U.S. Gulf of Mexico. Shell said on Tuesday that it made a discovery of more than 600 feet (183 meters) net oil pay at multiple levels at the Leopard prospect. The …
Read More »Gazprom to Continue Hydrogen Energy Development
Russian gas company Gazprom plans to grow its hydrogen production and use and is considering several areas for utilising hydrogen as an energy source. At the moment, Gazprom produces over 350,000 tonness of hydrogen by various technologies at its facilities, which is then used to derive different products from it. …
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