Oil prices to be lower in 2019 on slower-than-expected global growth, rising non-OPEC supply

by Timothy Reeder | Apr 30, 2019 | News

Crude oil prices are expected to average $66 a barrel in 2019 and $65 a barrel in 2020, a downward revision from the October forecast due to the weaker-than-expected global growth outlook and greater-than-anticipated U.S. production, the World Bank said. Metal prices...

Jan De Nul welcomes Giovanni Venturi, Henri Pitot and Henry Darcy

by Timothy Reeder | Apr 30, 2019 | News

Size doesn’t always matter! After having recently announced the construction of its mega offshore jack-up installation vessel Voltaire, Jan De Nul Group is now proud to extend its fleet with three water injection dredgers (WID). Giovanni Venturi is the first...

ExxonMobil Acquires More Exploration Acreage Offshore Namibia

by Timothy Reeder | Apr 30, 2019 | News

ExxonMobil said recently it will increase its exploration acreage in Namibia with the addition of approximately 7 million net acres (28,000 square kilometers) following the signing of an agreement with the government of Namibia and the National Petroleum Corporation...

E.ON and Kyuden Mirai Energy sign cooperation agreement for Offshore Wind projects in Japan

by Timothy Reeder | Apr 30, 2019 | News

E.ON and Kyuden Mirai Energy signed a cooperation agreement to jointly develop offshore wind projects in Japan. The cooperation is focused on fixed bottom projects and starts with a study to jointly select a project for development, construction and operations in the...

Equinor invests in new platform in Azerbaijan

by Timothy Reeder | Apr 30, 2019 | News

Equinor and eight partners in the offshore Azeri Chirag Gunashli (ACG) oilfield in the Caspian Sea have made a USD 6 billion investment decision to build an additional platform in the license area. The investment decision follows an agreement with the Government of...