“Hywind Tampen is a new chapter in Norway’s narrative as an energy nation. With support from the Norwegian authorities, we’re not only building Norway’s first offshore wind project; we’re refining floating offshore wind technology along with the Norwegian supplier industry,” says Equinor president and CEO Eldar Sætre. SourceContinue Reading

The vessel will be built at a combination of Edison Chouest’s shipyards in Florida, Mississippi and Louisiana, creating well over 300 new construction jobs. The construction of this vessel will also have a broader economic impact on other U.S. states hosting suppliers of major components, with some notable beneficiaries being North Carolina and Illinois for...Continue Reading

Futures in New York tumbled as much as nearly 6% on Thursday as U.S. equities pared gains and the dollar moved off its session lows. A Politico report that House leader Nancy Pelosi was skeptical about reaching a deal reined in hopes of the U.S. government providing a much needed boost to demand. SourceContinue Reading

The United Arab Emirates cut its oil exports to the lowest level in almost two years last month, a sign that the country may be making good on its pledge to OPEC+ to compensate for pumping too much crude previously. SourceContinue Reading

Along with its European peers, Shell is embarking on a transformation to become a cleaner, greener company with much fewer assets in oil by the middle of the century. While many investors have welcomed the new direction, others question a pivot into less-profitable renewables SourceContinue Reading

Futures in New York fell toward $37 a barrel, while global benchmark Brent dropped as much as 3.7%. The U.S. president announced that he and First Lady Melania Trump had tested positive for Covid-19, shortly after one of his closest aides, Hope Hicks, had fallen ill with the coronavirus. SourceContinue Reading

Oil Companies Cut More Jobs As Demand Recovery Remains Uncertain | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Premium Content By Julianne Geiger – Oct 02, 2020, 5:00 PM CDT Suncor Energy is cutting as much as...Continue Reading

Iraq Boosts Oil Exports Despite OPEC+ Pledges | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Oct 02, 2020, 4:30 PM CDT Despite promises to keep in line with the OPEC+...Continue Reading

Oil Industry Begins Ad Campaign In Swing States | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Oct 02, 2020, 2:30 PM CDT A month before the U.S. presidential election, the...Continue Reading

Souring Fundamentals Force Brent Crude Oil Below $40 | OilPrice.com Tom Kool Tom majored in International Business at Amsterdam’s Higher School of Economics, he is Oilprice.com’s Head of Operations More Info Premium Content By Tom Kool – Oct 02, 2020, 2:00 PM CDT Both the President and First Lady of the United States have tested...Continue Reading