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New ice navigation system for North Pole voyage

Germany’s only research icebreaker will embark on a voyage to drift, beset in ice, across the north pole in 2019. In attempting the epic journey, her crew will be using a newly-developed ice navigation system. In the fall of 2019, the 118-me...

27/02/2017 Read

Another record week for U.S. oil exports

By Sheela Tobben (Bloomberg) — Another week, another record for U.S. crude exports. Producers and traders shipped out 1.21 million barrels of crude a day from the U.S. in the week that ended February 17, the most in Energy Information Adm...

27/02/2017 Read

U.S. offshore rig count continues downward trend

Following a decline in the previous two weeks, the U.S. offshore rig count fell by one more unit last week according to weekly rig count reports by the oilfield services provider Baker Hughes.  BHI Rig Count: U.S. +3 to 754 rigs U.S. Rig C...

27/02/2017 Read

Lundin finds oil and gas in Filicudi prospect

Lundin Norway, operator of production license 533, has completed the drilling of wildcat well 7219/12-1 and appraisal well 7219/12-1 A, in the Barents Sea. The well proved oil and gas. The company gained a drilling permit for the wildcat in S...

24/02/2017 Read

European Offshore Wind breaks generation record

On 22 February, offshore wind turbines in Europe generated 218GWh and thus broke the offshore wind generation record.  “There has never been as much offshore wind power in Europe,” WindEurope, which reported the record, state...

24/02/2017 Read

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