Energy & Oil

• Monday, November 24th 2014 - 10:26 UTC

  Largest crane ship capable of lifting oil rigs delivered in Korea

  

  The world's largest crane ship, which is capable of lifting oil rigs, has set sail from its shipyard in South Korea for Rotterdam Port in the Netherlands. The Pieter Schelte, which left South Korea last week is due to arrive at the port for completion in December.

• Saturday, November 22nd 2014 - 06:47 UTC

  Falklands construction booming: permission for second 80 bedroom hotel

  

  Building continues at a steady rate in the Falkland Islands with 15 applications approved for construction in the capital Stanley, including permission for an 80 bedroom employees hotel for oil exploration technical staff, according to the latest Planning and Building Committee meeting.

• Friday, November 21st 2014 - 21:16 UTC

  Falklands opens dock facility to support oil industry exploration beginning 2015

  

  This week Houston based Noble Energy, one of the several oil companies operating in the Falkland Islands made the official opening of the temporary dock facility (TDF) in Stanley, an essential piece for the logistics of the industry which is scheduled to begin another round of exploratory drilling in the first quarter of next year.

• Friday, November 21st 2014 - 07:04 UTC

  Iran negotiations, OPEC meeting loom for oil markets

  

  As November draws to a close, there are two major events that could profoundly change the oil markets. With the clock ticking, the 5 permanent members of the UN Security Council plus Germany (P5 plus 1) are negotiating down to the wire with Iran over its nuclear program.

• Friday, November 21st 2014 - 06:59 UTC

  Potential of US offshore oil and gas, according to American Petroleum Institute

  

  Two new studies released by the National Ocean Industries Association (NOIA) and the American Petroleum Institute (API) show significant potential added energy and economic benefits to the United States if the Eastern Gulf of Mexico and the Pacific outer continental shelf (OCS) were opened to offshore oil and natural gas development.

• Wednesday, November 19th 2014 - 09:42 UTC

  Chevron begins oil and gas production at Tubular Bells, in the Gulf of Mexico

  

  Chevron Corporation announced on Tuesday that the Hess Corporation-operated Tubular Bells deepwater project, located in the U.S. Gulf of Mexico, has started crude oil and natural gas production. The field is located 217 km southeast of New Orleans, in approximately 1,310 m of water in the Mississippi Canyon area.

• Monday, November 17th 2014 - 06:50 UTC

  IEA says oil supplies may not keep up with demand

  

  Despite what appears to be a saturated oil market in 2014, oil producers around the world will struggle to meet rising demand over the next few decades.

• Saturday, November 15th 2014 - 07:52 UTC

  Something stinks in Petrobras: former director and leading contractors CEOs arrested on bribery charges

  

  Brazilian police arrested a former Petrobras executive on Friday, sending the state-run oil company's shares and bonds down after a widening corruption scandal forced it to delay the release of its financial results.

• Friday, November 14th 2014 - 07:27 UTC

  Falklands accepts Premier's 'realistic solution' to current world oil price environment

  

  The Falkland Islands Government said on Thursday it took notice of the announcement by Premier Oil of their revised proposal for commercial oil production in the Falkland Islands, which “it is considered represents a realistic solution to progress development in the current international oil price environment”.

• Friday, November 14th 2014 - 07:13 UTC

  Early signs of a pullback in drilling activity

  

  With oil prices low and showing no sign of an immediate rebound, the industry is beginning to pull back on spending. Oil prices have dropped around 30% since summer highs, raising fears among producers across the globe.