-
Exceptional Growth in LNG Trade, Says Awilco
The exceptional growth in LNG trade recorded in the first half of the 2019 continued in Q3, says Awilco LNG Group, the Norwegian based fully integrated pure play LNG transportation provider.According to Fearnleys LNG total LNG trade is up about 13 % in the first nine months of the year vs last year.
-
Gazprom Proposes Gas Deal with Ukraine
Gazprom has sent a formal letter to Ukraine proposing either to extend a current gas deal or sign a new one-year agreement, the Russian gas exporter said on Monday .It also said that it had offered to drop legal claims and counter-claims by both Ukraine and Russia as a pre-condition…
-
Woodside Sees Reserve Base Tripling
Australia's Woodside Petroleum on Tuesday laid out plans to triple its gas and oil reserve base as it pursues projects worth over $36 billion in Australia, Senegal and Myanmar.Success in those projects would result in its reserve base reaching 3.7 billion barrels over the next seven…
-
ConocoPhillips targets $50 bln free cash flow over next decade
ConocoPhillips unveiled a long-term plan on Tuesday to boost oil and gas production by about 3% per year, restrain annual spending to about $7 billion and return $50 billion to shareholders over the next decade.The announcement comes as investors, frustrated by weak commodity prices for 5 years…
-
Total Criticizes EIB's Decision Not to Finance Gas
Total criticized on Thursday the European Investment Bank's decision to stop financing all fossil fuel projects including gas, saying companies that might switch to gas-fired power plants from heavy-polluting coal could now reconsider."I think it is a poor decision by the European Investment Bank (EIB) not to finance any new gas project.
-
Oil Prices Gain 2%
Oil futures gained nearly 2% on Friday as comments from a top U.S. official raised optimism for a U.S.-China trade deal,…
-
ADNOC to Buy Dozens of Rigs
The Abu Dhabi National Oil Company (ADNOC) said its drilling subsidiary will acquire dozens of rigs to support that national…
-
Chrysaor Buys Stakes in OKEA’s 2 Licenses
North Sea oil producer Chrysaor Norge has exercised an option to buy stakes in OKEA’s Grevling and Storskrymten discoveries…
Latest news
-
Sarawak Seeks to Recoup Tax from Petronas
Malaysia's state of Sarawak filed a writ summons and statement of claim against national energy firm Petroliam Nasional Bhd…
-
NJ Governor Doubles Offshore Wind Goal
As New Jersey steps up efforts to eliminate fossil fuels over the next three decades, the state is more than doubling its…
-
Japanese Trio Orders Wind Turbine Installer
Penta-Ocean Construction, Kajima Corporation, and Yorigami Maritime Construction have agreed to jointly construct a wind…
-
Hutchinson to Provide Platforms for Hornsea 2
Offshore wind specialists, EEW Group has contracted has contracted UK outfit Hutchinson Engineering for the fabrication and…
-
ABB Tests Subsea Power Technology System
The completion of a final 3,000-hour test phase of the Swiss-Swedish technology multinational ABB’s subsea power infrastructure…
-
Worley and Arundo Launch The Data Refinery
Engineering, procurement and construction firm Worley and software company Arundo have come together to launch The Data Refinery…
-
Danos Leverages VR for Training and Assessment
Services company Danos said it is tapping virtual reality (VR) technology to assess and train its employees, in an effort…
-
CNPC's $8.5 Bln Gas Storage Project Starts Construction
China National Petroleum Corp's (CNPC) unit Liaohe Oilfield of CNPC kicked off construction of its gas storage group project in Panjin city in Liaonin
-
ROVCO Completes Galloper Offshore Wind Farm Project
Rovco completed a ROV inspection contract, a $1 million contract that resulted in completion of the baseline asset integrity…
-
OES: Surge in Tidal Energy in 2020
The last annual report issued by Ocean Energy Systems (OES) highlights significant international investment including $25m…
-
Sinopec Gets Weirong Green Light
China's Sinopec has received approval from the ministry of natural resources to develop shale gas at the Weirong gas field…
-
NOC Plans Production Boost
Libya's National Oil Corporation planned to raise production to 2.1 million barrels per day (bpd) by 2024, Chairman Mustafa Sanalla said in a statemen
Offshore Oil & Gas
-
Prysmian Wraps Up DolWin3 Gig
Prysmian Group, the major player in energy and telecom cable systems industry, has has announced that it commissioned the…
-
Ørsted Inaugurates Historic Taiwanese OWF
Global offshore wind solutions provider Orsted inaugurated the Formosa 1 offshore wind farm in Taiwan, the first offshore…
-
Global Offshore Wind Market Grows 30%
The global offshore wind market grew nearly 30% per year between 2010 and 2018, benefiting from rapid technology improvements…
Shale Oil & Gas
-
Oil Rises on U.S. Crude Stocks Fall
Oil rose on Thursday after industry data showed a surprise drop in U.S. crude inventories, while comments from OPEC about lower-than-expected U.S.
-
Equinor Sells Eagle Ford Asset for $325 Mln
Norwegan energy company Equinor said it has signed an agreement to divest to Repsol its 63% interest in, and operatorship of…
-
Top Shale CEO Says OPEC Shouldn't Worry About U.S. Oil Growth
Pioneer Natural Resources Chief Executive Scott Sheffield said on Tuesday that he expects the Permian Basin, the top U.S.
LNG
-
AG&P Invests in Kanfer Shipping, Eyes LNG
Global downstream gas and LNG logistics company Atlantic Gulf & Pacific (AG&P) has made a strategic equity investment in…
-
Poland Ends Major Russian LNG Contract
Poland's state gas company PGNiG says it had notified Russia's Gazprom that it will not renew their long-term deal on liquefied…
-
LNG Imports Jump in Poland
Polish state-controlled oil and gas company Polskie Górnictwo Naftowe i Gazownictwo (PGNiG) has reported a jump in liquefied…
Renewables
-
APAC to Fuel Global Wind Power
Global wind power market size increased from $71.6bn in 2010 to $96.4bn in 2018. During the 2019–2030 forecast period, significant…
-
E.ON, RWE Renewables Sign Clean Power Deal
Global energy company E.ON has signed an agreement to purchase clean energy from British wind farms of RWE Renewables.The…
-
Poland Preps Offshore Wind Bill
Polish Ministry of Energy has finished internal work on draft 'offshore wind act'. The draft is to be further proceeded now…
Technology
-
DNV GL Mulls Digitalization in Wind Energy
Digitalization is already playing a major role in the growth of wind energy, but it can still drive further improvements in operational efficiency…
-
GreenSteam Acquires BMT Smart
Denmark-based GreenSteam, a majority owned company of BP, has acquired BMT’s data collection and performance optimisation…
-
Fuel Flexibility is Key for Green Shipping
Fuel flexibility and technologies to bridge changing fuel usage have been identified in the Maritime Forecast to 2050 as…
Legislation
-
Hackers Demand $5M from Pemex
Hackers demanded about $5 million in bitcoin from Mexico's Pemex, they told Reuters on Tuesday, saying the state oil firm…
-
Moment of Truth for Brazilian Oil Auction is Here
Executives from many of the world's biggest oil companies gathered in Rio de Janeiro on Wednesday to compete in Brazil's…
-
Shell to Buy French Wind Farm Firm
Royal Dutch Shell is buying French renewable power company EOLFI as part of its plans to ramp up the oil major's electricity…
