Crude prices have climbed into the mid-$90s and appear on the way to breaching $100 in the near future. Strong demand and OPEC+ constraints on supply are behind the price increase. But longer term, the futures market continues to signal that crude will trade in the high $60s in later years of this decade The list of floater projects in the near term planning stage remains very strong, with thirty four floater projects lined up for an investment decision within the next 18 months…
August 21, 2023
Japan's MODEC said its FPSO Anita Garibald i MV33 has achieved first oil production…
September 19, 2023
Container shipping giants CMA CGM and Maersk said on Tuesday they will cooperate in efforts to reduce emissions in the sector…
August 31, 2023
Enerpac won a contract by Saipem to supply the Hydraulic Levelling and Fixation System for the installation of 64 transition…
August 22, 2023
Top U.S. energy companies last year paid out more of their earnings to shareholders than they invested in new oil and gas fields for the first time…