DNV GL: Oil Demand, CO2 Emissions Probably Peaked in 2019
Global oil demand and carbon dioxide emissions probably peaked in 2019 as the COVID-19 pandemic will have a lasting impact on both, energy consultancy DNV GL said on Wednesday.The Norway-based consultancy…
China's Sinopec Starts Hiring for New Risk Management Unit
China Petrochemical Corp, or Sinopec Group, has started hiring for six top management positions for a new commodities risk management unit, according to a statement posted on the state energy…
Gunvor Returns to Profit in 2019
Energy trader Gunvor Group returned to profit in 2019 after its first net loss a year earlier, helped by record earnings in its U.S. division, and said business so far in 2020 remained strong.The Geneva-based firm…
Offshore Wind: The Domino Effect
Matt Tremblay, SVP, Global Offshore, ABS, discusses the next hot growth market ... offshore wind. While the market grows, the question begs: Is the U.S. marine industry ready to meet demand?The…
DNV GL, DNO Pact on North Sea
The international accredited registrar and classification society DNV GL has been awarded a framework agreement by the Norwegian oil and gas operator DNO ASA to provide a broad portfolio of…
New App Aims to Improve Project Performance
An Aberdeen-based company has created a lessons learned management system that captures critical project data and helps inform the future performance of complex oil and gas developments globally.Prism Energy…
Woodside Looks to Sell Gas Assets
Australian oil and gas producer Woodside is seeking to reduce its stakes in the Scarborough gas field at home and in Canada's Kitimat liquefied natural gas (LNG) project to cut its capital exposure…
DNV GL to Certify TenneT Platform in German Sea
DNV GL has signed a four-year framework agreement with TenneT to provide project certification for new High Voltage Direct Current (HVDC) substations linked to offshore wind farms in the German…
Pavilion Acquires LNG assets of Iberdrola
Singapore-based LNG company Pavilion Energy said its wholly owned subsidiary Pavilion Energy Trading & Supply has agreed to buy Spanish energy company Iberdrola's portfolio of liquefied natural…
Equinor Extends Oceaneering Contract
Houston-based subsea engineering company Oceaneering International has secured a contract renewal from Equinor, the Norwegian multinational energy company, covering the provision of maintenance…
DNV GL Study on Wind Turbine Blades
The global quality assurance and risk management company DNV GL released an in-depth study, commissioned by the U.S. Department of Energy’s Lawrence Berkeley National Laboratory, which examines…
Asia: Pertamina, Petronas Join Forces
Indonesian state-owned energy company PT Pertamina and Petroliam Nasional Berhad (Petronas) of Malaysia have signed a Memorandum of Understanding (MoU) to develop oil and gas business – upstream and downstream…
Sphera Acquires Petrotechnics
Sphera, a provider of integrated risk management software and information services with a focus on operational risk, environmental health and safety and product stewardship, announced it has acquired Petrotechnics…
Oil Slumps 7 Percent
Oil prices tumbled about 7 percent on Tuesday, with U.S. crude plunging to its lowest level in more than a year, caught in a broader Wall Street selloff that was fed by rising concerns about slowing global economic growth.U.S.
Leadership Changes at Anadarko
Anadarko Petroleum Corporation announced Thursday that Bob Gwin, formerly Executive Vice President (EVP), Finance and CFO, has been named President. In his new role, Gwin will be responsible for leading Anadarko's worldwide operations…
Technology Centre Mongstad Sign MoU with DNV GL for CO2 Capture Technology
The world’s largest testing facility for carbon capture, Technology Centre Mongstad (TCM), has signed a collaborative agreement with DNV GL to deliver advisory and verification services for…
Wild Well Announces Onsite Training
Well control and engineering services firm Wild Well Control, Inc., a Superior Energy Services company, announced that it will offer well control training to drilling rig crews onsite with…
Digitization of the Norwegian Continental Shelf
A new web-based tool is being used for the first time offshore for collecting, systematizing and presenting safety critical information on the Goliat platform in the Barents Sea.The system…
DNV GL sees oil demand peaking in 2023
Global oil demand will peak in 2023 as electric vehicles (EVs) become competitive with cars fuelled by petrol and diesel, and after 2040 no new oil developments will likely be needed, quality…
De-risking the FPSO Renaissance
Floating production, storage and offloading vessels (FPSOs) are in the ascendancy. The total FPSO market is now expected to grow to over $117 billion by 2024. A combination of factors, such…
