Equinor plans to build a floating pilot plant off Frøya near Trondheim in the late summer of 2021. It is set to become the world’s first pilot plant for floating solar power in rough waters. SourceContinue Reading
Over the long-term, the impacts of behavioral shifts due to COVID-19 are minor compared to “known” long-term shifts such as decreasing car ownership, growing fuel efficiencies and a trend towards electric vehicles, whose impact is estimated to be three-to-nine times higher than the pandemic’s by 2050. SourceContinue Reading
The island nation of Palau says a tanker that recently loaded Venezuelan crude was using a false signal to disguise its identity, potentially putting the Pacific country in the crosshairs of U.S. sanctions. SourceContinue Reading
Total and Apache Corporation have made a new significant oil and gas discovery at the Keskesi East-1 well, in Block 58 off the coast of Suriname. This follows previous discoveries at Maka Central, Sapakara West and Kwaskwasi. SourceContinue Reading
U.S. exports of diesel, mostly to Latin America, last week fell 518,000 barrels a day to 714,000 for the lowest level since September 2017, data from the Energy Information Administration show. SourceContinue Reading
Saudi Aramco will supply less crude as part of long-term contracts next month, giving some Asian processors 20%-30% less than they had sought, according to company officials who received the notices but asked not to be identified as the information is private. SourceContinue Reading
Maersk Drilling has been awarded a contract from Spirit Energy for the harsh-environment jack-up rig Maersk Resolve to drill one development well at Grove North East in the UK North Sea. SourceContinue Reading
Following successful six-month operational trials on Stena Spey and Stena Carron rigs, IDS will deploy its data driven TourNet Pro drilling contractor reporting service and drilling performance monitoring service, Anova DPM, across Stena Drilling’s fleet in Q1 2021. SourceContinue Reading
Global oil use dropped by 9 million barrels a day last year but should recoup more than 6 million in 2021, said Mike Muller, head of trader Vitol SA’s operations in Asia. SourceContinue Reading
