Rising US crude oil exports complicate rebalancing efforts

One reason for the bearish narrative gripping the oil market of late has been that draws in US crude stocks...

Stepping up climate change efforts on the NCS towards 2030

The petroleum industry, under the direction of the Norwegian Oil and Gas Association, today announced its ambition to implement CO2 reduction measures corresponding to 2.5 million tonnes on the Norwegian continental shelf (NCS) by 2030 compared with 2020.

DNV GL And South Korean Yards’ Standardization Efforts Deliver First Results

The first phase of a joint industry project (JIP) to promote a global standard for engineering and construction of offshore oil and gas installations has delivered four recommended practices (RPs). The outcome of the JIP, led by DNV GL, will be reduced co

EU shipowners want IMO leadership in efforts to reduce GHG emissions from shipping

As world leaders from 147 countries gather in Paris for the long-awaited UNFCCC COP 21, European shipowners...

Efforts underway to contain oil spill from submerged Flinterstar

Efforts are underway by Begian and Dutch authorities to stop the spread of an oil spill that resulted from the collision between a LNG tanker and a general cargo ship, which is currently partially submerged in water. ...

China Voice: China's Silk Road vision worth hard efforts

Like the Chinese fable that tells of an old man that removed a mountain block by carrying away the small...

Chinese patrol ship intensifies efforts to detect MH370 black box

Chinese patrol ship Haixun 01 has intensified efforts to detect signals emitted from the black box of missing...