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Lake Erie wind farm project gets Army Corps of Engineers approval

19 hours ago DieselGasoil Comments Off on Lake Erie wind farm project gets Army Corps of Engineers approval
(Reuters) – An offshore wind energy project planned for Lake Erie, off the shores of Cleveland, Ohio, has received the required construction permit from the U.S. Army Corps of Engineers, its developer said on Monday. Nonprofit Lake Erie Energy Development Corp, or LEEDCo, expects to start construction of the six-turbine Icebreaker Wind project by 2021. Read More

Subsea 7 share repurchase

22 hours ago DieselGasoil Comments Off on Subsea 7 share repurchase
Luxembourg – 25 March 2019 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY, ISIN LU0075646355) today announced that on 25 March 2019 the Company repurchased 240,000 of its shares at an average price of NOK 104.92 per share. This represents approximately 0.07% of the Company’s issued share capital. The shares were repurchased in accordance Read More

ADNOC awards Block 1 exploration rights to Indian consortium

24 hours ago DieselGasoil Comments Off on ADNOC awards Block 1 exploration rights to Indian consortium
3/25/2019 Photo: His Excellency Dr. Sultan Ahmed Al Jaber, UAE minister of state and ADNOC Group CEO, Duraiswamy Rajkumar, chairman and managing director of Bharat Petroleum Corporation, and Sanjiv Singh, chairman of Indian Oil Corporation. ABU DHABI — The Abu Dhabi National Oil Company (ADNOC) signed agreements, awarding the exploration rights for Abu Dhabi Onshore Read More

Shell makes aggressive move into UK retail power market

1 day ago DieselGasoil Comments Off on Shell makes aggressive move into UK retail power market
By Helen Robertson and Jeremy Hodges on 3/25/2019 LONDON (Bloomberg) — Royal Dutch Shell took a step forward in its aim to become the world’s biggest power company with an aggressive move into the UK retail market by offering one of the cheapest tariffs available. Shell Energy, formerly known as First Utility Ltd., said Monday Read More

China plans to invest in mature fields to boost production

1 day ago DieselGasoil Comments Off on China plans to invest in mature fields to boost production
By Aibing Guo on 3/25/2019 HONG KONG (Bloomberg) — China’s oil giants aim to spend the most in five years in pursuit of higher energy output. But unlike global rivals investing in top-tier assets, the state-owned producers are trying to boost supply from fields that are either old and high-cost or new and challenging. China’s Read More

U.S. buyers of Venezuelan oil sub in Shell, BP offshore crude

1 day ago DieselGasoil Comments Off on U.S. buyers of Venezuelan oil sub in Shell, BP offshore crude
NEW YORK (Reuters) – U.S. sanctions on Venezuela’s oil industry have made winners out of Royal Dutch Shell Plc and BP Plc, Gulf of Mexico offshore heavyweights, as refiners in need of substitutes are scooping up oil produced in the region. FILE PHOTO: An oil pumpjack painted with the colors of the Venezuelan flag is Read More

Cruise ship in distress for over 15 hours off Norway’s coast, 900+ still waiting to be evacuated

2 days ago DieselGasoil Comments Off on Cruise ship in distress for over 15 hours off Norway’s coast, 900+ still waiting to be evacuated
More than 900 people and crew are still aboard the Viking Sky cruise ship over 15 hours since it sent out a mayday signal following engine failure off Norway’s rocky western coast. Passengers posted dramatic photos from inside. Officials said on Sunday morning that 440 people have been evacuated from the cruise liner after its engines failed, Read More

Floating nuclear power plant to light up China

2 days ago DieselGasoil Comments Off on Floating nuclear power plant to light up China
Construction of the first Chinese floating nuclear power plant will begin within 2019, according to Luo Qi, head of the Nuclear Power Institute (NPI) of China. It will be a marine platform equipped with scaled-down nuclear reactors, which can provide electricity and heat to areas with difficult access, such as remote areas, islands, and offshore Read More

EMGS receives Letter of Intent

3 days ago DieselGasoil Comments Off on EMGS receives Letter of Intent
Electromagnetic Geoservices ASA (“EMGS” or the “Company”) has today received a letter of intent for a fully pre-funded multi-client survey in the Norwegian Barents Sea. The total value of the letter of intent is approximately USD 2.5 million. The Company will mobilise the vessel Atlantic Guardian to carry out the survey, and expects to complete Read More