Analytics

Swire Pacific

Marine services provider Swire Pacific Offshore (SPO) has informed that it will be closing its wholly-owned subsidiary, Swire Seabed, and its three associated companies in Bergen, Norway. The associated companies include Swire Seabed Subsea, Swire Seabed Shipping, and Swire Seabed Sea. The company said on Wednesday that this change would take effect from the end …

IEA predicts global oil demand

Global oil demand will hit a plateau around 2030 as the use of more efficient cars and electric vehicles ends an expansion that dominated the past century, the International Energy Agency predicts. While the current growth rate of 1 MMbpd — or about 1% — will hold for the next five years, it will ebb …

Oil tallies weekly gain

Oil erased an early loss Friday, capping a weekly gain as investors shrugged off a comment by President Donald Trump that the U.S. hasn’t agreed to fully roll back tariffs with China. Futures in New York climbed 1.9% on the week to settle at a six-week high. U.S. equities drifted after Trump said the U.S. …

Norwegian offshore vessel owner S

Norwegian offshore vessel owner Standard Drilling has reported an operating profit in the third quarter of 2019 following unrealized gain on revaluation of financial assets of $1 million.   Standard Drilling said in its third-quarter financial report on Friday that the operating profit for the period was $0.6 million, which was an increase when compared …

Our Nation’s Energy Future (ONE Future)

Our Nation’s Energy Future (ONE Future), a coalition of natural gas companies, announced, at the 2019 Natural Gas STAR & Methane Challenge Workshop, its annual reporting of methane intensity numbers. Using uniform, EPA-approved reporting protocols, the coalition registered a 2018 methane intensity number of 0.326%, a decrease of 41% from its 2017 number of 0.552%. …

West of Shetlands

Over the last four years oil and gas production in the West of Shetlands has risen and with that, a growing relevance for the biggest players still active in the UK continental shelf (UKCS), says GlobalData, a data and analytics company.   The company’s latest research reveals that the West of Shetland (WoS) area retains …