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Mexico's Obrador Pledges More Than $11 Bln for Refineries
Mexican President-elect Andres Manuel Lopez Obrador said on Monday his administration will invest more than $11 billion to boost refining capacity in order to curb growing fuel imports.Lopez Obrador, who will take office on Dec. 1, told reporters his government plans to invest $2.6…
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BP Offloads Last Two Stranded Oil Cargoes in China
Oil major BP on Tuesday offloaded about 1 million barrels of Angolan crude from supertanker Olympic Light to an independent Chinese refiner after holding the oil at sea for about three months, people with knowledge of the discharge said on Wednesday.The oil had been aboard one of…
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Woodside Petroleum Half-year Profit Rises
Australia's Woodside Petroleum Ltd said on Wednesday that its first-half net profit rose 6 percent and it raised its 2018 production outlook after strong performances from its Wheatstone and Pluto LNG projects.For the 2018 fiscal year, Woodside said it now expects fiscal 2018 production…
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Signs of Recovery in the US Gulf of Mexico
Today's U.S. auction of Gulf of Mexico exploration leases drew tepid response from oil companies, but marked notable progress for an industry still in a state of recovery.“While not a barn burner, Lease Sale 251 tops the previous Gulf sale in terms of increased participation, increased competition for offerings…
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Maersk to Spin off Drilling, Hand Total Shares to Investors
A.P. Moller-Maersk said on Friday it would spin off its offshore drilling operation and list it in Copenhagen next year, the latest move by the Danish shipping company to focus entirely on transport and logistics.Maersk, which cut its full-year profit outlook this month, sold Maersk…
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Innogy Sells Stake in $2.6 Bln Offshore Wind Project
German energy group Innogy will sell a 41 percent stake in its 2 billion pound ($2.6 billion) offshore wind farm Triton Knoll…
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Seaborne LPG Trade Rebounds: Dorian LPG
Seaborne LPG trade rebounded in the second calendar quarter of 2018 thanks to heavy lifting schedules in the Middle East and the United States…
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US drillers add most oil rigs since May
U.S. energy companies this week added the most oil rigs since May as drillers follow though on plans to spend more on exploration…
Latest news
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U.S. Energy Chief Applauds Mexico's Plan to End Fuel Imports
U.S. Energy Secretary Rick Perry praised the goal set out by Mexico's incoming president to end massive gasoline and diesel imports…
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Swiss Utility in Talks to Buy LNG from Canada's Goldboro Project
Axpo, a Swiss utility and energy trader, said on Thursday it was in talks for a 10-year supply deal with a Canadian company…
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Federal Judge Orders Keystone XL Pipeline Review
A federal judge in Montana on Wednesday ordered the U.S. State Department to do a full environmental review of a revised…
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Oil Steadies but Outlook for Demand Grows Gloomy
Oil rose as global markets steadied on Thursday, recovering some of the previous day's 2 percent slide, though a weakening…
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Petrofac Hires Chief Digital Officer
Petrofac has appointed Fady Sleiman Chief Digital Officer as the oilfield services company continues its digital transformation.
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Oil Companies Make Few Bids in US Offshore Lease Auction
Oil companies bid on less than 1 percent of the parcels offered in a sweeping U.S. auction of Gulf of Mexico exploration leases on Wednesday…
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IMCA Issues Reactivation of DP Vessels After Layup Information Note
Following a period of improving industry metrics during 2017, the International Marine Contractors Association (IMCA) has…
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Ampelmann Wins North Sea Contracts
Ampelmann has strengthened its position in the North Sea this year after being awarded four new contracts and two extended…
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Panama, U.S. to Sign Pact to Expand Regional Access to LNG
Panama on Friday will sign an agreement with the U.S. Treasury and Energy departments aimed at paving the way for more private…
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Saudi Aramco Still Committed to Meet Future Oil Demand- Energy
Saudi state oil giant producer Saudi Aramco is still committed to meeting future oil demand through continued investments, the kingdom's Energy Minist
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Angola to Export 49 Crude Oil Cargoes in Oct.
* Angola will export 49 cargoes of crude oil in October after 4 cargoes of new grade Gindungo were added to the preliminary programme, a trade source
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Seabed Geosolutions Wins GoM Extensions
Seabed Geosolutions, a joint venture between Fugro and CGG, has secured an extension to a recently awarded 4D ocean bottom…
Offshore Oil & Gas
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En+ Considers Move to Russia's New Offshore Zone
En+ Group, hit by U.S. sanctions against Russia in April, said on Thursday it was investigating the possibility of re-domiciling…
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Equinor says Effort to Restart Mongstad Refinery Continues
Work to restart Norway's Mongstad oil refinery will continue throughout the evening on Wednesday, following a power outage that shut the facility earl
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Stena Drilling Streamlines Safety Equipment with VIKING
U.K.-based offshore drilling company Stena Drilling has placed a significant part of its safety equipment and servicing management…
Shale Oil & Gas
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Diamondback Energy Shares Drop on $9.2 billion Deal for Shale Rival
Diamondback Energy Inc shares fell 10 percent early on Wednesday following the U.S. oil and gas producer's all-stock, $9.2…
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U.S. Crude Oil Stockpiles Rise Unexpectedly in Week - EIA
U.S. crude stocks rose unexpectedly last week, while gasoline stocks decreased and distillate inventories grew, the Energy…
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Colombia's Ecopetrol to Invest Up to $3.5 bln in 2018
Colombia's state-run oil company Ecopetrol said on Wednesday it will invest $3 billion to $3.5 billion during 2018, less…
LNG
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Sovcomflot's Pskov Loads First Cargo from Yamal LNG
The liquefied natural gas (LNG) carrier Pskov completed loading at the Port of Sabetta (YNAD), with the first cargo of LNG…
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Yamal LNG Commissioned in Record Time
Russia’s PAO Novatek has launched a second liquefied natural gas (LNG) production train at its plant on the Yamal peninsula…
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Gas to Become World's Primary Energy Source by 2035
Oil and gas will be crucial components of the world’s energy future, according to DNV GL’s forecast of the energy transition.
Renewables
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Orsted Buys US Onshore Wind Developer LCE
Danish energy group Orsted has agreed to buy U.S. onshore wind farm developer Lincoln Clean Energy (LCE) in a $580 million deal…
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Energa Considers Offshore Wind Farm Projects
Poland's state-run utility Energa is interested in developing offshore wind farm projects, the head of Energa's generation unit Piotr Meler told a pre
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Siemens Gamesa, Van Oord win $580 mln Dutch wind farm contract
Wind turbine maker Siemens Gamesa and Dutch marine contractor Van Oord said on Friday they have won a contract worth more…
Technology
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GEA Presents New Marine Separator
GEA presents innovative solutions that combine environmental protection with economy - The new GEA marine Separator increases…
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Trelleborg's Safepilot for Shell's Brent Data Decommissioning Project
SafePilot from Trelleborg’s marine systems operation helped to pilot Allseas’ 200 meter-long barge, Iron Lady, from the Tees…
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CWT Solar Project in Port of Amsterdam
More than 41,000 solar panels will generate sustainable energy in the Port of Amsterdam for logistics services provider CWT.
Legislation
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Nord Stream 2 Seeks Alternative Route to Avoid Danish Waters
The Russia-led Nord Stream 2 consortium said on Friday it has applied to Denmark for an alternative gas pipeline route through…
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Venezuela Dodges Oil Asset Seizures with Export Transfers at Sea
Venezuela's state-run oil company PDVSA has limited the damage from an unprecedented slump in crude exports by transferring…
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Fred. Olsen Energy edges closer to financial restructuring
Norwegian drillship and rig operator Fred. Olsen Energy, owner of the yard that built the RMS Titanic, is considering a debt…
