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Oil & Gas Trade
Nigeria’s Dangote Plant Buys US Oil for First Time in 3 Months
Nigeria’s giant Dangote refinery purchased its first shipment of US oil after a hiatus of three months as the site continues to ramp up production.The pla…
Offshore Wind Power
Cadeler’s New Offshore Wind Installation Vessel Arrives in Rotterdam Ahead of First Deployment
Cadeler’s new wind turbine installation vessel (WTIV) Wind Peak has arrived in Rotterdam and, according to its owner, is ready to commence the first mobilisati…
Wind Turbine
Friede & Goldman, Oim Wind Unveil New WTIV Design for 20 MW Wind Turbines
US-based Friede & Goldman and Norway’s OIM Wind have unveiled a new wind turbine installation vessel (WTIV), called FO-146.Source: Friede & GoldmanThe ves…
Oil Price
Oil prices rise as tight supply counters expected rate hikes
Brent crude futures rose 44 cents, or 0.6%, to $81.51 a barrel by 11 GMT. U.S. West Texas Intermediate (WTI) crude was at $77.51 a barrel, also up 44 cents, or …
Service Operation Vessel
Havfram Hybrid Mega Jack-Ups to Feature ABB Tech
ABB has secured an order from China’s Yantai CIMC Raffles Offshore to deliver an integrated bridge-to-propeller technology for Havfram Wind’s two ne…
Oil Price
Oil Prices Fall on Demand Concerns
Crude oil futures prices dropped on Monday due to concerns over demand and strength in the U.S. dollar.The West Texas Intermediate (WTI) for June delivery decre…
Crude Oil
US Crude to Dominate Brent Oil Benchmark Under Index Change
Texas crude is set to assume a key role in the world's most important benchmark - Brent - as oil-index publisher S&P Global Platts adds US WTI Midland crude…
Service Operation Vessel
CIMC Raffles Secures Another Wind Turbine Installation Vessel Contract
China-based CIMC Raffles has secured an order to build a 1,600-tonne wind turbine installation vessel (WTIV) for CRCC Harbour & Channel Engineering Bureau (CRCC…
Natural Gas
India’s Nse to Begin Crude, Gas Futures Trading in May
India's National Stock Exchange (NSE) is set to begin trading of rupee-denominated Nymex WTI crude oil and Henry Hub natural gas futures contracts in its co…
Wind Turbine
Maersk and Gustomsc Present Feeder Turbine Installation Concept for European Offshore Market
Maersk Supply Service has entered into a collaboration with GustoMSC to design the next-generation wind turbine installation vessel (WTIV) for the offshore wind…
Offshore Wind Power
Shimizu Corporation Takes Delivery of Mega Jack-up
The Japan Marine United (JMU) shipyard delivered the GustoMSC designed and equipped offshore wind turbine installation vessel (WTIV) to Shimizu Corporation at t…
Wind Turbine
Maersk Makes Grand Entrance Into Offshore Wind Installation Market
The recently announced wind turbine installation vessel (WTIV) for which Singapore’s Sembcorp Marine won a shipbuilding contract is now confirmed to have …
Oil Price
Oil Prices Rise Over 2% On Russian Plan to Cut Output
Doha: Oil prices rose more than 2 percent on Friday as Russia announced plans to reduce oil production next month after the West imposed price caps on the count…
Oil Price
How Biden’s Huge Strategic Oil Release Could Backfire
President Biden’s huge SPR release announcement has pushed WTI prices back below $100.
Oil Price
WTI Crude Dives Below $100 on China Demand Concern
WTI crude dived more than five percent Tuesday to fall back below $100 a barrel as concerns about a possible slowdown in China's economy lead investors to rethi…
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