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Australian Supply Crunch Squeezes LNG Exporters
Spot LNG exports in government's cross-hairs; ConocoPhillips, Origin, Shell now in the firing line. The Australian government on Monday warned that the country's east faced a worse-than-expected natural gas shortfall in 2018, but the competition watchdog said the gap could easily be filled by diverting uncontracted exports to the local market.
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U.S. Oil Exports set to Take Off by 2022
Enterprise sees four-fold jump in U.S. crude exports by 2022. Crude oil exports from the United States will increase to meet 5 percent of global demand by 2022, as refiners seek more low-sulphur crude to meet stricter rules for cleaner fuels, an executive from Enterprise Partners LP said on Monday. U.S.
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Statoil, Partners to Boost Capacity at Troll Field
Aker Solutions awarded contract to boost output capacity; Troll is Norway's largest gas field. Norway's Statoil and partners are working to increase the output capacity of Troll, the country's largest gas field, a move traders say would enable the firms to produce more flexibly and cover production shortages at other fields due to outages.
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Oil Near 26-month High on Turkey-Kurdistan Tensions
Brent hits highest since July 2015; oil market rebalancing continues, inventories falling. Brent oil prices hovered near 26-month highs on Tuesday, supported by Turkey's threat to cut crude exports from Iraq's Kurdistan region and signs of quicker market rebalancing. Turkish President…
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U.S. Crude Exports to Asia May Shake Up Global Prices
The great disruptor that is U.S. shale oil is coming to Asia, as refiners in the energy-hungry region look to expand and diversify their sources of crude, and the consequences will likely go well beyond a shift in oil trade flows. It should come as no surprise that rising oil output…
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Iran to Build Oil Refinery in Syria
Iran will build an oil refinery in Syria, the head of downstream technologies at Iran’s Research Institute of the Petroleum…
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Pemex Evacuates HQ after Reported Bomb Threat
Mexican national oil company Pemex said on Monday it has received at bomb threat at its Mexico City headquarters which has…
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HPCL Makes First U.S. Oil Purchase
Indian state refiner Hindustan Petroleum Corp has made its first purchase of U.S. oil, buying high sulphur crude Mars in a tender, company chairman M.
Latest news
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Jenkins Joins Well-Safe
Well-Safe Solutions has appointed a director of well abandonment to its growing list of decommissioning experts, bringing…
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Building a National Resource Offshore Brazil
CGG has been present in Brazil for over 55 years, since the company began working with Petrobras in 1961. Its long-established…
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Sparrows Group Secures Contract with Total in Angola
Sparrows Group has signed a three-year contract with Total to supply crane maintenance and engineering services at four of…
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Cosmo Oil to Boost Diesel Output to meet 2020 Ship Demand
Cosmo says considering adding units to process more heavy crude; looking to maximize diesel output at Sakai coker. Japan's…
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CGG Completes Perdido Subsalt Survey for Pemex
CGG has completed ahead of schedule an 11,500 sq km wide-azimuth (WAZ) survey on behalf of Pemex in the deepwater Perdido area.
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Russneft Calls EGM to Change Makeup of its Board
Russian oil company Russneft is to hold an extraordinary meeting of shareholders on Nov. 17 at which it will end the mandate…
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EthosEnergy Bags $13 Mln Plant Service Contract
EthosEnergy has been awarded a $13 million contract by Zhaikmunai LLP for a refurbishment, upgrade of a Frame 5 package and…
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Total Dips Toes into Exxon's Offshore Guyana Play
France's Total has agreed to pay $1 million for an option to buy a 25 percent stake in an oil exploration block offshore Guyana…
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Chesapeake Energy Expects Q3 15 pct Output Drop
Chesapeake Energy Corp said it expects a 15 percent drop in third-quarter production due to disruptions in weather, asset…
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Exxon's Baytown, Texas Refinery Operations Normal
ExxonMobil Corp said on Monday operations at the company's 560,500 barrel per day (bpd) Baytown, Texas, refinery, the country's second largest…
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Exxon Aims to Curb Methane Emissions from Shale Division
Exxon Mobil Corp said on Monday it would launch a program to curb its methane emissions from its U.S. shale facilities by…
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Chevron to Invest $4 billion to boost Permian Output
Chevron plans to boost its Permian output to over 400,000 bpd; expects that to happen over next few years. Oil major Chevron…
Offshore Oil & Gas
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Total, Chevron Team up in Gulf of Mexico Oil Exploration
Total announced that its subsidiary, TOTAL E&P USA, INC., has entered into an agreement to capture seven prospects operated by CHEVRON U.S.A. INC.
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Statoil Achieves Climate Target Two Years Ahead of Schedule
Statoil has already achieved its 2015 target of reducing the CO2 emissions from the Norwegian continental shelf by 1.2 million…
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Oil Steadies as OPEC Mulls Next Move
Oil prices were steady on Friday, as investors waited to see whether major producers meeting in Vienna would back an extension…
Shale Oil & Gas
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OPEC Says Winning Battle to Curb Glut
Producers began cuts in January; deal due to expire in March 2018. Output cuts by OPEC and other oil producers are clearing…
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Oil Prices Slip Ahead of Key OPEC Meeting
OPEC meeting in Vienna on Friday as U.S. crude production has reached pre-Harvey storm levels. Oil prices slipped on Thursday…
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Oil on Course for Strongest Q3 since 2004
Brent crude set for Q3 rise of nearly 16 pct. Oil rose was on course for its largest third-quarter gain in 13 years as prices…
LNG
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Statoil Output to Rise by 15.5 mcm/day
Statoil's said on Monday its gas output would increase by 15.5 million cubic metres per day from Sept. 26 at 0600 CET (0400 GMT) until Sept.
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Mission Accomplished? OPEC Banishes Contango
“There is no doubt that the oil market is moving in the right direction,” the Organization of the Petroleum Exporting Countries…
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Statoil to Reduce Gas Output Sept 24-25
Statoil's gas output will be reduced by 6.5 million standard cubic metres per day from September 24 at 0600 CET (0400 GMT)…
Renewables
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Japan Fires Up Biomass Energy as Fuel Shortage Looms
As the sun sets on Japan's solar energy boom, companies and investors are rushing into wood-burning biomass projects to lock…
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Hopes Lifted for Norway-Scotland Power Cable Project
The prospects for a planned 1.4 gigawatt (GW) power interconnector linking Norway and Scotland have improved following the…
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Corbin Joins Sparrows Group as European Director
Sparrows Group has appointed Matt Corbin as its regional operations director for the UK and Europe to support the company’s…
Technology
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Ichthys Explorer Moored off Western Australia
The world’s largest semi-submersible platform, the Ichthys Explorer, has been safely moored in the Ichthys Field, 220 kilometers…
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ABS Awards AIP for HHI FLNG Hull Design
ABS has granted Approval in Principle (AIP) to Hyundai Heavy Industries (HHI) floating liquefied natural gas (FLNG) hull design.
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N-Sea Begins Work in Cameroonian Offshore Market
Subsea services provider N-Sea said it has begun work in the Cameroonian offshore market, via a contract win with Dutch offshore…
Legislation
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French Unions Block Fuel Depots
Roadblock outside Total's La Mede refinery as labour reform set to enter law in coming days. French trade unionists blocked…
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SolarCity to Pay $29.5 Mln to Resolve US Gov't Allegations
SolarCity will pay $29.5 million to settle a long-running investigation into allegations it violated federal law by submitting…
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Phillips 66 Partners to buy Phillips 66 Assets
Phillips 66 Partners LP said on Friday it would buy assets from refiner Phillips 66 in a deal valued at $2.4 billion, including debt.
