Energy

Ensco plc Reports 3Q, 2014 Results

  Ensco plc  today reported earnings per share from continuing operations of $1.93 in third quarter 2014, up 16% from $1.66 in third quarter 2013. Adjusted for a $0.

Fukushima Experimental Offshore Floating Wind Farm Project Update

A consortium comprised of Marubeni (project integrator), the University of Tokyo (technical advisor), Mitsubishi, Mitsubishi Heavy Industries, Japan Marine United,

Wärtsilä Propulsion Equipment for 2 Fishing Vessels

  Two new 78 metre purser/trawler fishing vessels being designed and built at Karstensen Shipyard in Denmark will feature Wärtsilä's main propulsion and control equipment.

Petrobras P-66 Platform Module to Boost Production

  The P-66 platform’s first modules, built at the Tomé Ferrostaal Consortium’s Module Plant located at the Port of Maceió, Alagoas, are now ready and loaded on the São Tomé barge.

Marine Renewable Energy Testing Facility in Singapore Mooted

  ClassNK has launched of a feasibility study for a new marine renewable energy testing facility to be built in Singapore. The announcement was made at the 2014

Easing US Oil Export Ban Unlikey to Raise Gasoline Prices

A government study on Thursday essentially supported the notion that easing the decades-old restriction on exporting U.S. crude was more likely to lower than raise

Brazil to Hold First Solar Power Auction

Brazil will take its first leap into commercial solar power generation on Friday with a rights auction of at least 500 megawatts of new solar parks, adding a new

Brent Oil Price is the Main Factor in US Gasoline Prices

U.S. gasoline prices are mostly determined by international oil prices, a report by the Energy Information Administration said on Thursday, a conclusion that downplays

Islamic State Claims to Have Seized Gas Field from Syrian Army

Islamic State fighters in Syria claimed on Thursday to have taken control of a gas field in the central province of Homs after battles with government forces. A

Conoco to Spend Less in 2015, Below $16b

ConocoPhillips plans a capital budget below $16 billion next year and will defer spending on some of its less-developed areas, including the Permian Basin and Western Canada,

Exmar Optimistic About Gas Carrier Market into 2015

Belgian gas shipping group Exmar said on Thursday that the market for its very large and midsize gas carriers was at historically high levels in the third quarter

Eni Sticks to Production Guidance as Cash Cheers Investors

Italian oil and gas group Eni SpA kept to its full-year production outlook on Thursday after third-quarter results beat expectations, shrugging off falling oil prices.

Partners Deliver Modular Floating Tidal Energy Platform

A group of offshore companies, including Bluewater, Damen and Van Oord among others, has partnered for a floating tidal energy platform a project to generate clean electricity,

DONG Sells 5 pct of West Shetland Gas Field to Total

Danish energy company DONG Energy {DOENRY.UL] said on Thursday it would sell a 5-percent share of its stake in the Edradour gas field off Scotland to majority owner Total of France.

Zambia May Be Backing Off Steeper Mine Royalty Rates

There are indications that Zambia may be backing away from plans to impose a 20 percent royalty rate on open pit mining in the country, a top executive with Barrick Gold Corp said on Thursday.

EU's Barroso Believes Russia/Ukraine Gas Deal Struck

European Commission President Jose Manuel Barroso said on Thursday he believed the European Union had successfully brokered a deal on gas supplies between Russia and Ukraine.

Novatek: Urengoyskoye to Return to Full Capacity Next Year

Russia's Novatek, Russia's second biggest gas producer, said on Thursday its Urengoyskoye field should reach full capacity next year after a fire in April. "Most

Statoil Invests $1.5b in US Offshore Project

Statoil together with co-owners in the Stampede development in the Gulf of Mexicohas sanctioned the Stampede project in the U.S. Gulf of Mexico. Statoil said it will invest $1.

CMA CGM to Retrofit 10 More Bulbous Bows

The CMA CGM Group said it will retrofit 10 of its vessels’ bulbous bows to achieve improved energy efficiency for slow steaming. The modifications are in addition

Argentine Congress Passes Law Aimed at Attracting Oil Investment

Argentina's Congress gave final approval on Thursday to a law revamping energy investment regulations, the latest step by President Cristina Fernandez to lure foreign

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