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Energy Storage System
Gravitational Energy Storage Using Soil Batteries
The technology uses storage cores (large drums filled with compacted soil) that could be shifted between lower and higher points.
Market Analysis
Mexico’s Pemex Slashes Oil Production Target For 2021
Mexico has revised down energy giant Pemex’s oil production target for next year by more than 8 percent in what was a no-surprise move to those familiar with t…
Oil Price
Saudi Economic Outlook Sours After Oil Price Crash
Saudi Arabia’s economic outlook for this year remains uncertain amid the pandemic-driven economic slowdown and the collapse in oil prices that led to the Kingd…
United States
Trump Administration to Deny Pending Retroactive U.S. Biofuel Waivers
U.S. President Donald Trump has instructed that dozens of oil refiner requests for retroactive waivers from U.S. biofuel laws be denied amid concerns the issue …
LNG
Vietnam's Delta Offshore Energy Seeks Long-Term LNG Supplies
Delta Offshore Energy has launched a request for proposal for a long-term contract to buy liquefied natural gas.
Crude Oil
COVID-19 Forces Libyan Oil Companies To Halt Operations
Two of Libya’s National Oil Company affiliates on Monday sent some oil workers home and halted some work due to the spread of Covid-19, according to a NOC stat…
Oil&Gas Drilling
PGS Wraps up Seismic Campaign Offshore
Norwegian seismic player PGS has completed its 2020 acquisition campaign in Angola’s Namibe Basin.
Oil Pipeline
Man Industries Received Pipeline Order of Rs 3.7 Crore from IHB Pvt Ltd
The pipeline, once constructed, is expected to be the world's longest LPG pipeline.
Oil & Gas Trade
To Ensure Russia Has not Lost Market Share, Moscow to Build up Half-Finished Oil Wells
Russia believes it is extremely important to quickly regain, or even raise, its oil market share once demand recovers, as it readies to build up its fleet of un…
Oil&Gas Drilling
Worldwide Offshore Rig Count in August Down 74 Units Year Over Year
The worldwide offshore rig count in August 2020 dropped by 74 rigs year-over-year but is up 3 rigs sequentially, according to a report by Baker Hughes.
Oil Field
Ninian Northern Topside Set for Decommissioning at Lerwick Port
The 14,200-tonne Ninian Northern topside has been loaded onto its final resting place – the Dales Voe decommissioning pad at Lerwick Harbour.
Oil&Gas Drilling
Rig Platform Arrives in Mossel Bay Ahead of Drilling
The rig platform, the Deepsea Stavanger, arrived in Mossel Bay on 21 August ahead of its deployment to the Outeniqua Basin, where it is scheduled to work on the…
Offshore Wind Power
Australian Crew Plan 1.1GW Offshore Adventure
Australian oil and gas company Pilot Energy has started a feasibility study into the development of an 1100MW offshore wind farm off the coast of the mid-west r…
Oil Price
Russia’s Novak Says 2020 Oil Demand Could Fall by Up to 10 Million bpd
Global oil demand could fall by 9-10 million barrels per day this year due to impact of the COVID-19 pandemic, Russian Energy Minister Alexander Novak said on F…
Oil&Gas Drilling
Ninian Northern Loaded Onto Quay at Lerwick
The operation to load-in the 14,200 tonne Ninian Northern topside at Lerwick Harbour’s Dales Voe Base has been completed successfully.
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