Author: Rigs & Barge World
Following a sweeping victory in the presidential election and securing full control of Congress, President Trump is gearing up for his second term. The Republican Party, also known as the GOP, has clinched the majority in the Senate and reached the pivotal 218 seats in the House of Representatives, giving President Trump significant political clout to implement his policies. Cabinet and Key Appointments:Secretary of State: Marco Rubio, a Senator from Florida, indicating a focus on foreign policy with a hardline stance.Defense Secretary: Pete Hegseth, a 44-year-old military veteran and Fox News host, suggesting a robust military approach.Ambassador to Israel: Mike…
05/03/2025 On 5th of March 2025, the Ministry of Energy announced one area for CO2 storage pursuant to the CO2 Storage Regulations. This area comprises defined blocks in the North Sea. Updated: 05/03/2025 Latest news Drilling permit for wellbore 25/11-30 S 27/03/2025 The Norwegian Offshore Directorate has granted Equinor Energy AS drilling permit for wellbore 25/11-30 S in production licence 169, cf. Section 13 of the Resource Management Regulations. Production figures Febuary 2025 20/03/2025 Preliminary production figures for February 2025 show an average daily production of 1 938…
Russia’s unprecedented attack on Ukraine in the early hours on Thursday left the peace-loving world in a state of shock again, as there was a hope that an amicable solution could be found to the war with the incoming US administration in January next year.It was the first time an intermediate-range hypersonic missile had been used in combat ever in a war: at first, even the US was not sure what it really was; it was President Zelensky of Ukraine, who speculated its nature, referring to its altitude and speed; a grainy video footage showed the missiles hitting four targets…
Abu Dhabi state shipping firm Adnoc Logistics & Services booked a record year in 2024. All-time high profits of $756mn were driven by its recent rapid fleet expansion, coupled with its tanker segment securing higher rates on the back of Red Sea disruptions (MEES, 28 February). With windfall profits on the books, it is looking to invest at least $8bn by 2029. It has already committed $5bn to expanding its current 75-strong shipping fleet with 27 new ships to complement Adnoc’s gas-linked projects (see charts). “Adnoc L&S aims to be the provider of choice for Adnoc Group’s needs as they…
On Wednesday, April 2, 2025, President Donald Trump stunned the world by announcing a bold new tariff regime during a White House Rose Garden event, fulfilling his campaign promise to overhaul global trade. Dubbed “Liberation Day,” the announcement introduced unprecedented reciprocal tariffs on imports from nearly every country, aimed at leveling the playing field for American exports. The tariff structure is as follows: a baseline 10% tariff applies to all imports into the U.S., with higher rates for key trading partners. The UK faces a 10% tariff, the European Union 20%, and China a striking 34%—a rate that builds on…
Medarbeidere i Sokkeldirektoratet fotografert av Studio Hjelm. 17.03.2025 De vi leter etter har god teknisk forståelse, solid bakgrunn innen IT og informasjonsarkitektur. Du blir ansvarlig for å designe og implementere IT-løsninger og sikre robust informasjonsarkitektur. Du vil jobbe tett med systemeiere, fageksperter og tjenesteleverandører for å sikre at tekniske løsninger har en god balanse mellom funksjonelle krav og tekniske muligheter. Er dette noe for deg? Søk da vel! Informasjons- og løsningsarkitekter (277360) | Sokkeldirektoratet Søknadsfrist: 28. mars. Oppdatert: 17.03.2025 Siste nyheter Boreløyve for brønnbane 25/11-30 S 27.03.2025 Sokkeldirektoratet har gitt Equinor…
More than five years ago, non-Opec members of the Opec+ alliance won a major boost when in December 2019 they secured an agreement that condensate would be exempt from their Opec+ production quotas. The move brought them in line with Opec members and swiftly resulted in condensate production increases from the likes of Russia and Oman (MEES, 6 December 2019). Omani condensate output jumped from 130,000 b/d in 2019 to 189,000 b/d in 2020 – despite global oil demand cratering amid the Covid-19 pandemic – and has continued rising since, hitting a record 234,000 b/d last year (MEES, 24 January).…
A tense standoff between Israel and Hezbollah has concluded with a brokered ceasefire. The deal, facilitated by the US, France, and Lebanon, marks a significant de-escalation in the volatility in the Middle East.Israeli Prime Minister Benjamin Netanyahu, under immense pressure from the US, reluctantly agreed to the ceasefire. Reports suggest the US threatened to withhold vital military aid if Israel did not engage in a diplomatic solution. Despite the incoming pro-Israel Trump administration, Netanyahu opted to avoid further strain on the US relationship, particularly given the Biden administration’s support during Israel’s recent challenges. It, however, does not seem to be a…
01/04/2025 The Norwegian Offshore Directorate is implementing a new organisation. “The Directorate’s mandate has expanded over time, our surroundings are always changing, and we need to address new challenges on the Norwegian continental shelf (NCS). We also need to be more efficient,” says Director general Torgeir Stordal regarding the basis for the organisational change. “We’re undergoing an extensive digital transformation, and we rely on the ability to attract skilled employees and remain an attractive workplace.” Organisation chart as of 1 April 2025. The Directorate has had a team-based organisation for the last 20…
The meeting of the members of the OPEC+, scheduled to be held on December 1, had been postponed at the eleventh hour, citing the participation of some members at the GCC, Gulf Corporation Council that was held on the same day in Kuwait. The next meeting, along with that of the JMMC, Joint Ministerial Monitoring Committee, will be held on December, 5, according to the OPEC+. The OPEC+ is supposed to outline their next move with regard to easing of the production cuts; OPEC+, a few months ago, said it would take place in December, having postponed in light of…