Oil prices keep rising due to increasing demand in China
Oil supply is decreasing, while China demands more, making prices soar for the second day in a row.
EnergyWatch
A part ofWatch Medier
Oil supply is decreasing, while China demands more, making prices soar for the second day in a row.
Exports of oil and natural gas out of Norway decreased significantly in March. Even though the oil price has gone up, lower volumes weigh down, show the figures.
The company behind gas pipeline Nord Stream 2 has submitted a new application to the Danish Energy Agency, in which it seeks permission to lead the gas pipeline through the Baltic Sea south of Danish island Bornholm. This would be the better solution for shipping and the environment, says the agency.
Prosafe is getting ready to move its headquarters from Cyprus to Norway, where the offshore company already has a Stavanger office. The move comes at a time when other companies are leaving Norway.
Four shipping companies carrying oil from Venezuela are hit with sanctions by the US. More than 40 vessels in total are affected by sanctions, writes Reuters.
Hyundai Heavy Industries, which is on its way to acquiring the other South Korean yard Daewoo, sells its oil business to Saudi Aramco for more than USD 1 billion.
Petroleum Safety Authority Norway found 12 breaches on a drilling rig owned by Seadrill, the company has therefore been served with a notification of order by the Norwegian watchdog. The breaches are a combination of new and old infringements.
The largest Danish pension providers own stock worth more than USD 2.4 billion in the world's largest oil companies, according to survey by Danish newspaper.
Although the global energy industry is transitioning toward cleaner energy sources, Chevron's billion-dollar acquisition highlights the revival of US oil.
Brazil agrees to pay a major settlement to Petrobras concerning a contented oil field, reports Bloomberg. The oil company receives USD 9 billion from the country.
As part of the efforts to prepare for the IMO's sulfur regulations in 2020, Maersk Supply Service buys new fuel system for some of its vessels.
The price of oil has risen significantly this year to the current price of USD 71. This level makes the IEA warn against consequences for new price increases.
Saudi Arabia took its first major step onto the global financial stage to fund the heady ambitions of its crown prince, issuing sud 12 billion of bonds for its state-run oil company in one of the most oversubscribed debt offerings in history.
16 months have passed since the last fatal accident in Norway, and as such, 2018 was a year without deaths in the country's oil industry, shows the latest risk figures from Norway's Petroleum Safety Authority.
Two years after Britain had its first coal-free day since the Industrial Revolution, the nation’s network operator is readying itself for life without any fossil fuels.
35 wells are expected to be drilled and explored during 2019, which according to Rystad Energy could bring the year's discoveries back to the level seen before the oil price collapse in 2014. February already saw the highest number in more than three years.
Semco Maritime is doing better than expected from its growing offshore wind market activities, which are forecast to account for half the operator's business in 2022. Semco will not completely drop oil in the near future, despite the advance of renewables.
British-Dutch oil giant Shell will to invest around USD 300 million in several environmental projects aiming to offset the company's carbon footprint.
The robot is to be used on oil platforms difficult to access for humans.
The Norwegian sovereign wealth fund's ceiling for green infrastructure investments has been raised twofold from NOK 60 billion to NOK 120 billion.
Anonymous sources tell Bloomberg that Brazilian Petrobas has sold its natural gas pipeline unit, TAG, to a French and a Canadian company.
Vår Energi, the result of a merger between Eni's Norwegian business and Point Resources, has published the figures for its first period as a merged entity. The numbers show a revenue of close to NOK 30 billion in 2018.
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Semco Maritime's revenue grew by DKK 600 million (EUR 80 million) in 2018 – top line growth since 2012 was mainly attributable to international activities, the company's CEO says.
Maersk Drilling has likely moved up on the list of acquisition candidates after being publicly listed Thursday this week, even though the company pursued the listing because it was unable to find a buyer, an analyst says. The reason is tied to the share price.
A large gas surplus and a mild winter have contributed to plummeting European gas prices.
The Climate Council seeks two analysts
Head of department for technical department with focus on project modeling and strategic networking - Energinet
Engineer to team of meter specialists - HMN GasNet
Experienced project manager for strategic investment planning - Energinet
Operating technician for supervisory tasks on customer installations - Energinet
