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Eni, Thailand's PTTEP Win Adnoc Exploration
Italy's Eni SpA and Thailand’s PTT Exploration and Production Pcl secured rights to explore for oil and natural gas in Abu Dhabi from the Abu Dhabi National Oil Company (Adnoc), following Abu Dhabi’s first competitive block licensing round.A tweet from Adnoc said, "We’re pleased to announce that Adnoc has signed two historic agreements…
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Crude & Fuel Outlook: Fund Managers Neutral
Hedge fund managers show signs of having completed their recent sale of crude and refined fuels, with positions edging up slightly in the first week of the new year, amid hopes a recession can be averted.Oil prices have bounced off their recent lows, the U.S. dollar has weakened against…
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Barclays Rejects Arctic Drilling
U.K.-based international bank Barclays announced a new energy policy that significantly restricts the bank’s financing for the exploration or extraction of oil and gas in the Arctic.The policy rules out funding for companies seeking to drill in the Arctic Refuge as well as other…
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Norway Awards Record Number of Exploration Blocks
Norway awarded a record 83 blocks to explore for petroleum resources in mature areas of the Norwegian continental shelf, in a sign of continuing interest from oil companies in the country's oil sector, the energy ministry said on Tuesday.A lack of large discoveries on the shelf has prompted concerns that Norway's top industry…
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Alaska Officials Probe BP's Prudhoe Bay Wells After Spill
Regulators in the U.S. state of Alaska will investigate all of the oil and natural gas wells operated by BP Plc at its Prudhoe Bay oil field after the release of a small amount of crude oil and gas from a well that had earlier been shut.The Alaska Oil and Gas Conservation Commission (AOGCC) has scheduled a Feb.
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Bahrain, ENI Join Forces for Offshore Exploration
National Oil and Gas Authority of the Kingdom of Bahrain (NOGA) and ENI signed a Memorandum of Understanding (MoU) to pursue…
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US to Become Third Largest LNG Exporter in 2019
The coming year is expected to make the U.S. the third largest exporter of liquefied natural gas (LNG) in the world, creating…
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Eelectrification: Re-engineering a Low-carbon O&G Industry
Cleaner and greener: Azeez Mohammed, president & CEO of GE's Power Conversion business, discusses the key role of electrification…
Latest news
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TenneT, Vattenfall Pact on Hollandse Kust Zuid
European transmission system operator TenneT Holding and offshore and wind farm developer Vattenfall have signed agreements…
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BP Gives-up Half its Offshore Nova Scotia Acreage
BP Canada is scaling back its oil and gas exploration plans off Nova Scotia, as the Canada-Nova Scotia Offshore Petroleum…
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Aker BP Bags 21 in Norwegian Licensing Round
The oil exploration and development company focusing petroleum resources on the Norwegian Continental Shelf Aker BP has been…
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Equinor Grabs 29 New Licenses on Norwegian Continental Shelf
Norwegian energy major Equinor has been awarded 29 new licences by Norway’s Ministry of Petroleum and Energy as part of the…
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Total Seeks Exit from Dutch Upstream
Total has launched the sale of its offshore gas fields in the Netherlands, a move that would mark the French energy giant's…
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Norway Supreme Court Hears Snow Crab Case with Implication for Oil
Norway's Supreme Court began hearing arguments on Tuesday on whether EU ships can fish for snow crab off Arctic islands north…
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LLOG Exploration Reports Deepwater Exploratory Discovery
The deepwater exploration company operating primarily in the Gulf of Mexico reported the drilling of a successful discovery…
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Alexandroupolis FSRU Delivery Delayed by Six Months
Greek utility company Gastrade has extended the timeline for completion of its Greek LNG development by six months to allow…
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Shell Joins Dutch Pension Fund to Bid for Eneco
British-Dutch oil and gas company Royal Dutch Shell and Dutch pension fund manager PGGM are considering a joint bid for Dutch…
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Petrobras Wants to Operate 3 Blocks in 6th Pre-salt
Brazil state-run oil firm Petroleo Brasileiro SA said on Monday it plans to exercise its preferential rights to operate three…
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Oil Prices Edge Up
Oil prices edged up on Monday, supported by ongoing supply cuts from producer club OPEC and Russia and by a drop in U.S.
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Premier Oil Eyes North Sea Deals
Britain's Premier Oil Plc said on Monday it was looking to buy U.K. North Sea assets, after the Sunday Times reported that…
Offshore Oil & Gas
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Orsted Loses Political Support for Divestment
Shares in Orsted fell on Monday after the energy company, which is 50.1 percent owned be the Danish state, on Sunday announced that there was no longe
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Viking Link Between UK and Denmark Gets Green Signal
Viking Link, an electricity link between Denmark and the UK has been given the green light by the government. The a proposed…
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Exxon Ships Have Not Returned to Disputed Area off Guyana
Seismic research vessels hired by Exxon Mobil to explore for oil off Guyana's coast have not returned to the site of a December…
Shale Oil & Gas
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Shell and PGGM Aim to Bid for Dutch Energy Company Eneco
Royal Dutch Shell and Dutch pension fund manager PGGM on Monday said they are investigating a joint offer for Dutch energy company Eneco .The 53 munic
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Saudi Arabia to Trim Oil Exports Further in February
Top oil exporter Saudi Arabia plans to lower its shipments further in February as it follows through on a global deal to…
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Oil Rises On U.S.-China Trade Talk Optimism
Oil prices climbed around 3 percent on Wednesday as the extension of U.S.-China talks in Beijing raised hopes that the world's…
LNG
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Singapore LNG and YTL PowerSeraya Appoint New CEOs
Singapore-based energy company YTL PowerSeraya and LNG terminal operator Singapore LNG Corp (SLNG) announced that they have…
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Petrofac Secures Brunei Contract
Oilfield services provider Petrofac and its partner Serikandi Oilfield and Services Sdn Bhd, have secured a multi-annual…
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Shell Acquires 26% Stake in Hazira LNG
Royal Dutch Shell announced that it has completed the acquisition of French oil major Total SA's 26 percent stake in the…
Renewables
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K2 Management Opens Beijing Office
Offshore wind and sustainable energy consultancy K2 Management has opened an office in Beijing to support China’s wind and…
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German North Sea Wind Capacity Up 12.7%
Offshore wind power operators in the German North Sea raised generation capacity by 12.7 percent to 6,232 megawatts (MW) last year, nearing a governme
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Offshore Wind Ready To Take Off in US
Up and down the East Coast, initiatives to develop a massive and largely untapped market can make sea change in American offshore wind…
Technology
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Yxney, UniSea Join Force for Greater Energy Efficiency
The provider of software tools for the offshore industry UniSea has agreed to take part ownership of the energy efficiency…
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Hydrogen As an Energy Carrier
Hydrogen can play a significant role in decarbonizing world energy supply to mitigate climate change, according to a new research paper by DNV GL…
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MOL Announces Three Initiatives on Global Warming
Japanese shipping giant Mitsui O.S.K. Lines (MOL) has announced its support for three initiatives to address the issue of global warming.
Legislation
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Iran Will Not Comply with 'Illegal' US Sanctions -Oil Minister
Iranian Oil Minister Bijan Zanganeh said on Thursday U.S. sanctions against his country were "fully illegal" and Tehran would…
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BP Energy Partners Acquires Cryopeak LNG Solutions
The private equity firm focused on the energy industry BP Energy Partners (BPEP), LLC announced it has purchased a controlling…
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U.S. Supreme Court Rejects Exxon in Climate Change Document Fight
The U.S. Supreme Court on Monday cleared the way for the attorney general of Massachusetts to obtain records from Exxon Mobil…
