Author: Erick Parel

Saipem and Subsea 7 broker mega merger deal

Energy News Beat EuropeOffshore Saipem Italian offshore engineering and construction giant Saipem and offshore engineering and services player Subsea 7 have reached an agreement in principle on the key terms of a possible merger of the two companies. The combination of Saipem and Subsea 7 will be completed by way of an EU cross-border statutory […]

US targets Chinese ships and terminal investments

Energy News Beat Changhong International The US is considering slapping huge fees on Chinese-built ships calling at its ports, while also clamping down on Chinese ownership of terminals on home soil. The United States Trade Representative (USTR) has finally outlined the ways it feels Washington DC can fight back against the dominance China has in […]

Sweden investigates further cable damage

Energy News Beat EuropeOperations NATO Swedish police are investigating another suspected case of sabotage of an undersea telecoms cable in the Baltic Sea. Finnish telecom operator Cinia said on Friday that it had detected minor damage in Swedish waters on its C-Lion1 undersea fibre-optic link connecting Finland and Germany, the third time this particular cable […]

Dear WOLF STREET Readers: Are You Using a VPN? Here’s Why You Might Get Blocked and What You Can Do if You Get Blocked

Energy News Beat Comment spammers are a scourge, and we crush them. But if your VPN assigns you an IP address that spammers had used to attack our comments, you get blocked. And this happens. By Wolf Richter for WOLF STREET. VPNs can be great, and they work fine with WOLF STREET until they assign you an IP […]

Shipmanagement ought to be a verb, not a noun

Energy News Beat Mark O’Neil, president and CEO, Columbia Group, writes for Splash today. It’s time to see shipmanagement as a verb, not a noun—it should be viewed as a dynamic, ever-evolving field rather than a static industry. As efficiency, automation, and AI shape the future of shipmanagement, it is crucial to recognise that shipmanagement […]

JP Morgan Asset Management buys out Oaktree’s stake in OSM Thome

Energy News Beat Oaktree Capital Management is cashing out of shipmanagement giant OSM Thome, with investors linked to JP Morgan Asset Management’s Global Transportation Group coming onboard in its place. OSM Thome’s founding shareholders, OSM Maritime Partners and Skagerak Holding will continue as shareholders, resulting in what the shipmanager described as a “long-term ownership constellation […]

Redrawing of global energy markets map set to heap benefits on US

Energy News Beat The prospects of peace and the return of Russian gas looks likely to serve the interests of Donald Trump The Kremlin’s invasion of Ukraine three years ago has reverberated through the global energy industry; unravelling Europe’s decades-long reliance on gas imported via pipelines from Russia, and triggering a global squeeze on gas markets […]

ConocoPhillips to sell interest in Gulf of America assets to Shell for $735 million

Energy News Beat ENB Pub Note: I had to change the title to “Gulf of America” as World Oil published with “Gulf of Mexico” – just trying to help.  ConocoPhillips will sell its interests in the Gulf of America* Ursa and Europa fields to Shell for $735 million, both companies confirmed today. ConocoPhillips continues to […]

Innovating Energy: How W Energy is Transforming Data and Operations

Energy News Beat In this episode of Energy News Beat – Conversation in Energy, host Stuart Turley sits down with Rachel Collins, CEO of W Energy, discusses the company’s significant investments in integration, unveiling Stream Plus, a fully integrated platform covering accounting, production, land, and field services. She highlights the importance of customizable dashboards, regulatory […]

Trump’s Energy Czar Has Plan to ‘Map, Baby, Map’ US Oil Bounty

Energy News Beat Burgum suggests stronger USGS role to analyze the potential Says US public lands hold natural resources worth trillions Interior Secretary Doug Burgum touted a plan for mapping deposits of oil, gas and critical minerals on US federal lands, casting it as an opportunity to catalyze development of the energy resources, reduce dependence on foreign […]