By Olivia Konotey-Ahulu (Bloomberg) -- Royal Dutch Shell Plc won a court ruling preventing environmental protesters from boarding unmanned oil installations in the North Sea. Greenpeace activists in October boarded two of Shell’s offshore platforms in the Brent field to protest decommissioning plans they claimed will leave “hazardous oily sludge” in the sea. A judge in … [Read more...]
Record Deal Signed for Offshore Wind Power
By William Mathis (Bloomberg) --Orsted A/S signed a deal to sell 100 megawatts of power from a German wind farm in the North Sea to Covestro AG, in what the companies said is the biggest corporate purchase agreement for offshore wind. The deal will supply the German chemical company electricity for 10 years from the 900 megawatt wind farm known as Borkum Riffgrund 3, which … [Read more...]
Turkey Signs Maritime Boundaries Deal With Libya
by Daren Butler (Reuters) - Libya’s internationally recognized government and Turkey have signed an agreement on maritime boundaries in the Mediterranean Sea that could complicate Ankara’s disputes over energy exploration with other countries. Turkey, which announced the accord and a deal on expanded security and military cooperation on Thursday, gave no details of their … [Read more...]
Italy’s Saipem to Consider Combining With Rival Subsea 7
By Ed Hammond, Daniele Lepido and Dinesh Nair (Bloomberg) --Saipem SpA is considering a combination with rival Subsea 7 SA in what could rank as one of the European oil services industry’s biggest-ever deals, people with knowledge of the matter said. The Italian company is pursuing a potential transaction with Norway-listed Subsea 7 as it seeks to bulk up and weather an … [Read more...]
Global Oil Demand Growth to Slow from 2025 – IEA
By Nina Chestney LONDON, Nov 13 (Reuters) - Growth in global oil demand is expected to slow from 2025 as fuel efficiency improves and the use of electric vehicles increases, but consumption is unlikely to peak in the next two decades, the International Energy Agency said on Wednesday. The Paris-based IEA, which advises Western governments on energy policy, said in its annual … [Read more...]