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Emerson Upgrades Reservoir Simulation Software
Emerson Automation Solutions has launched the latest version of its reservoir management software suite - Roxar Tempest 8.1, designed to provide robust and efficient numerical solutions to support reservoir engineers in maximizing field recovery. The release complements and enhances…
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SEA-3250-LT: Innovation in Offshore Wind Installations
GustoMSC is targeting the burgeoning U.S. offshore wind energy market with an innovative jack-up design that it claims will help to reduce risk and increase efficiency when installing units offshore: the SEA-3250-LT installation jack-up. Designed to be a safe, stable and solid platform to lift these heavy…
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Loss for Oil Looms as Profit-Taking Weighs
Global refiners import U.S. oil to make up for OPEC cuts. Oil prices fell on Friday and were set for a weekly loss as investors sought to book profits, despite tensions in the Middle East that have slashed supplies of crude. Brent crude was down 15 cents at $57.08 a barrel by 1230 GMT. U.S. light crude was 30 cents lower at $50.99.
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EPA Abandons Biofuel Program Changes
The U.S. Environmental Protection Agency has backed off a series of proposed changes to the nation's biofuels policy after a massive backlash from corn-state lawmakers worried the moves would undercut ethanol demand, according to a letter from the agency to lawmakers seen by Reuters. The letter could end uncertainty about the future of the U.S.
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India's Oil Imports Hit Record High in September
India imported a record 4.83 million barrels per day (bpd) of oil in September as several refiners resumed operations after extensive maintenance to meet rising local fuel demand. The world's third-biggest oil importer shipped in 10 percent more oil last month than a year earlier and about 19 percent more than in the previous month…
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Vattenfall Building Denmark's Largest Offshore Wind Farm
Swedish state-owned Vattenfall said on Friday it had started construction on Denmark's largest offshore wind farm in the North Sea…
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BP’s LNG Carrier Fleet is Growing
BP said it will take delivery of six new, state-of-the-art liquefied natural gas (LNG) tankers in 2018 and 2019 to support…
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Odfjell Divests Share in Singapore Tank Terminal
Odfjell Terminals B.V. has entered into an agreement with a fund managed by Macquarie Infrastructure and Real Assets to sell…
Latest news
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Chevron Approves New Tech in North Sea
U.S. oil major Chevron has approved an investment to increase output from its Captain oilfield by using a new water-injection…
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Rule Changes to Spur French Wind Power Projects Within Months
France will propose rule changes within six months that will remove administrative hurdles and speed the development of onshore wind power projects…
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Alaska Eyes Foreign Capital to Jump-start Energy Projects
Alaska is pursuing foreign investors for its oil and gas industry, hoping to advance recent discoveries while struggling…
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Siemens Gamesa Announces Board Reshuffle
Siemens Gamesa announced on Friday a major reshuffle of its board, following a Reuters report about investor concerns about…
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US Natural Gas Prices Under Pressure Even as Stocks Tighten
U.S. natural gas stocks continue to tighten, but most traders appear unconcerned, with futures prices for gas delivered this…
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US Biofuel Credits Hit 2-month High
The most popular form of biofuel credits hit a two-month high in early trading on Friday on news the U.S. Environmental Protection…
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Aker Solutions' Shares Surge, Recovery in Sight
Shares of Norwegian oil services company Aker Solutions surged on Friday on higher than expected quarterly earnings, a better…
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Vitol Close to Acquiring Noble's Oil Business
The world's largest oil trader Vitol Group is nearing a deal to buy Noble Group's global oil liquids business, which analysts…
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Schlumberger, Baker Hughes Warn of N. America Slowdown
Schlumberger Ltd and Baker Hughes, the world's top two oilfield services firms, warned on Friday of a slowdown in North America…
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Chevron Auspends Drilling Activity in Kurdistan
Chevron has temporarily suspended oil and gas drilling activity in Iraqi Kurdistan, the company said on Thursday, in the…
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Mexico Expects to Hold a Third O&G Auction in 2018
Mexico's oil regulator will likely add another oil auction in 2018 featuring conventional onshore oil and gas blocks, a senior…
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ARO Drilling Commences Operations
ARO Drilling, a 50/50 joint venture between Rowan Companies plc and the Saudi Arabian Oil Company (Saudi Aramco), commenced operations on October 17…
Offshore Oil & Gas
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SKF Launches Magnetic Bearings Tuning Service
SKF has rolled out a new service called 'certified tuning E300V2', which leverages the capabilities of the E300V2 control…
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DNV GL, Taiwan Pact for Offshore Wind
DNV GL, the world’s largest resource of independent energy experts and certification body, has signed an agreement with leading…
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Search Suspended for Worker Missing in US Oil Platform Blast
The U.S. Coast Guard has suspended the search for a worker missing from an oil production platform in Louisiana's Lake Pontchartrain…
Shale Oil & Gas
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$800mln Gas Pipeline Proposed as Argentina Preps for Shale Boom
Gas transporter TGS, controlled by Pampa Energía, has proposed an $800 million pipeline and gas treatment plant in Argentina's…
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EIA Raises US Oil Production Growth Forecast for 2018
The U.S. Energy Information Administration said on Wednesday it expects U.S. crude oil production in 2018 to rise by more than previously expected.
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Reliance, Carrizo Oil Exit PA Shale Asset
Indian oil-to-telecoms conglomerate Reliance Industries Ltd signed a deal to exit a U.S. shale asset, a move that marks the…
LNG
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MET International Plans to Boost LNG Trades
Switzerland-based MET International AG plans to boost its liquefied natural gas (LNG) trades in Europe by 50 to 100 percent next year…
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Gastrade Signs LNG Deal with State-owned DEPA
Greece's state controlled natural gas firm DEPA signed a cooperation agreement on Thursday with natural gas company Gastrade…
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Petronas' Canadian Unit to Look at other LNG Opportunities
Progress Energy, a wholly-owned unit of Malaysia's Petronas, will look at other liquefied natural gas opportunities as a…
Renewables
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Siemens May Cut Jobs in Power Turbine Business Overhaul
Siemens may cut thousands of jobs as part of plans to overhaul its power turbine business, where growth in renewable energy…
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Advanced Monitoring Proves Its Capabilities Offshore
New monitoring technology developed by RED Engineering has been used for the first time to improve accuracy, speed and safety…
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Shell Buys Electric Vehicle Charging Firm NewMotion
Royal Dutch Shell has agreed to take over NewMotion, the owner of one of Europe's largest electric vehicle charging networks, it said on Thursday.
Technology
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Tendeka Wins Lower Completion Contract in Middle East
Tendeka has been awarded a project to supply the Kuwait Oil Company (KOC) with its Inflow Control Device (ICD) technology…
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Ketelaars Takes the Lead for DNV GL - Oil & Gas in the Americas
Frank Ketelaars took up the position of Director of Region Americas in DNV GL – Oil & Gas on 1 October, as North America’s…
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Wison Launches Buoyant Tower Solutions with Storage
Wison Offshore & Marine has developed a new Buoyant Tower solution with condensate or oil storage, adopting Wison’s proprietary…
Legislation
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Italy Breaks up Libyan Fuel Smuggling Ring
Sicilian police on Wednesday sought the arrest of nine people, including a suspected mobster, for running a Libyan fuel-smuggling…
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U.S. Windfarm Builder says Poland Violated Contracts
U.S. company Invenergy LLC, which says it has spent more than $600 million building windfarms in Poland, said on Monday it…
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Barclays, US FERC Near Settlement of Market Manipulation Lawsuit
British bank Barclays Plc and the U.S. Federal Energy Regulatory Commission (FERC) made "substantial progress" toward a settlement…
