-
India Offers Incentives to State-owned Oil and Gas Firms
Oil and Natural Gas Corp Ltd and Oil India Ltd will pay royalty and cess tax only to the extent of their equity holding in oil and gas blocks given to them before 1999, Indian Oil Minister Dharmendra Pradhan said on Wednesday after a cabinet meeting.The companies had to pay 100 percent…
-
For the Global LNG Industry, is the FSRU Honeymoon Over?
A giant vessel docked at the port of Moheshkhali in Bangladesh two months ago, propelling the populous but poor nation into the fast-expanding club of liquefied natural gas (LNG) buyers.The Excellence is the latest floating storage and regasification unit (FSRU), a type of carrier…
-
Petrobras Output in Campos Drops to Lowest Level in 17 Years
Oil production by Brazilian state-led Petroleo Brasileiro SA in the Campos basin fell 1.4 percent in June over the previous month to 1.042 million barrels a day, its lowest level since 2001, as mature fields decline, according to company data.Output has dropped 15.8 percent in 12…
-
Mermaid Maritime Wins Middle East Contract
Thailand-based subsea and offshore drilling services company Mermaid Maritime Public Company announced that its Middle East business unit has been awarded a subsea services contract in a GCC country with an initial contract value of USD 16 million.The contract award, with work scheduled…
-
Big Crude Oil Margins Should Boost US Refiner Earnings
U.S. refiners ran full-tilt in the second quarter, fueled by cheap domestic crude and fat margins that should boost earnings, though their heavy activity could eventually saturate the market with gasoline, sapping profits down the road.U.S. independent refiners, including Phillips 66 and Marathon Petroleum Corp…
-
Transocean Signs 11 Well Contract with Chevron Australia
The international provider of offshore contract drilling services for oil and gas wells Transocean announced that the ultra…
-
Heavy Lifters for Offshore Renewable Market
Offshore Heavy Transport (OHT) will enter the offshore renewables and installation market with a new heavy lift transport and installation vessel…
-
US Oil Boom Delivers Costly Surprise for Traders
The world's biggest oil traders are counting hefty losses after a surprise doubling in the price discount of U.S. light crude…
Latest news
-
US Energy Regulator Wants More Disclosure of Cyber Attacks
The U.S. government on Thursday asked power generators to disclose more information about cyber attacks amid growing concern…
-
Norway Oil Workers, Employers Reach Deal to End Strike
Norwegian drilling rigs workers will end their industrial action after the union representing 1,600 striking employees reached…
-
Beatrice Offshore Wind Farm Produces First Power
Beatrice wind farm off the Caithness coast in Scotland has generated power for the first time, operator SSE said on Thursday.Following…
-
Xodus Appoints Dr. Tao Zhao
Xodus Group, an energy consultancy, appointed Dr. Tao Zhao as its new advanced engineering lead.With more than 15 years’…
-
Petrobras to Start Up Four New Platforms in Q4
Brazil's state-controlled oil company Petrobras will start pumping pre-salt oil from four new platforms between October and December…
-
Decom North Sea Names Warrender as Chief Executive
Decom North Sea, the membership organization for the oil and gas decommissioning sector, has appointed John Warrender as Chief Executive…
-
Japan's LNG Imports Slide to Lowest Since May 2016
Japanese imports of liquefied natural gas (LNG) in June fell to the lowest in more than two years as the country's utilities…
-
PGS Below Q2 Expectations but Outlook Improves
Shares of seismic services company PGS, which surveys the seabed for oil and gas deposits, dropped on Thursday on lower-than expected second-quarter r
-
Subsea 7 Wins ‘Sizeable’ Offshore Contract
Subsea 7 S.A. announced today it has been awarded a “sizeable” offshore transportation and installation contract.The subsea engineering…
-
US Revokes Citgo CEO's Visa
Citgo Petroleum Corp, the U.S. subsidiary of Venezuelan state-run oil company PDVSA , said on Wednesday that the United States…
-
CNPC Wins $1.6 Bln Seismic Survey Deals from ADNOC
State-owned Abu Dhabi National Oil Company (ADNOC) said on Thursday it had awarded contracts worth 5.88 billion dirhams ($1.6 billion) to an affiliate
-
Keppel Q2 Profit up 44 Percent
Singapore's Keppel Corp posted a 44 percent rise in its second-quarter profit, citing stronger earnings from its property and infrastructure divisions
Offshore Oil & Gas
-
Deepwater Survey Completed in Working Oilfield
Fairfield Geotechnologies completes Gulf of Mexico Ocean Bottom Node surveyFairfield Geotechnologies announces the successful…
-
Schlumberger CFO Ayat to Retire Soon
Schlumberger NV Chief Financial Officer Simon Ayat plans to retire this year and a company insider has emerged as top candidate…
-
Norway Strike Delays Equinor Drilling; Short-term Output Safe
Norway's Equinor does not expect its output to be affected "in the short-term" after a union escalated an industrial action…
Shale Oil & Gas
-
Oil Prices Fall on Record U.S. Output, Stock Build
Oil prices fell on Thursday, pressured by a rising dollar and after official data showed an unexpected rise in U.S. crude stockpiles, U.S.
-
Oil Prices Fall On U.S. Stock Rise, Higher Supply
Oil benchmark Brent crude hit a three-month low on Wednesday after government data showed a rise in U.S. crude inventories and oil production…
-
Oil Falls for Second Week as Supply Concerns Ease
Oil prices were set for a second straight week of decline on Friday after Libyan ports reopened and on the view that Iran…
LNG
-
Socar's Oil Trading Arm Rolls Back Expansion After Weak Profits
Azerbaijan's Socar is refocusing its trading arm's activities on LNG and its new Turkish refinery while winding down less…
-
Exxon Expands Mozambique LNG Project to Cut Costs
Exxon Mobil will expand its Rovuma liquefied natural gas (LNG) project in Mozambique by half to cut production costs as the…
-
Inpex to Ship First Ichthys LNG Cargo by End of September
Inpex said it expects to ship first cargo from its Ichthys liquefied natural gas (LNG) project in Australia by the end of…
Renewables
-
Oil Major Eni Pulls Out of Race for RTR Solar Assets in Italy
Italian oil major Eni has pulled out of a race to buy Terra Firma's solar power assets in Italy, a company spokesman told…
-
Nordex scores biggest ever single contract
German wind turbine maker Nordex on Tuesday said it had won a contract to supply and install 191 wind turbines with a capacity…
-
Petrobras May Partner with Total on Wind, Solar Power in Brazil
State-controlled oil company Petróleo Brasileiro SA has signed a nonbinding agreement with France's Total SA and its renewable energy arm to assess po
Technology
-
STATS Group Earns the Subsea Pipeline Projects Award
Pipeline technology company, STATS Group, has been awarded the Subsea Pipeline Projects Award by the Pipeline Industries Guild…
-
Trelleborg Solutions to FSRU-Based LNG Terminal
Trelleborg’s marine systems operation has supplied a suite of products to H-Energy’s Floating Storage Re-gasification Unit…
-
Airborne, Subsea 7 Launch TCP Riser Program
Oilfield technology firm, Airborne Oil & Gas, has started a qualification of a TCP Riser for deepwater and dynamic applications…
Legislation
-
Brazil Charges Former Vantage Drilling Chief with Corruption
Brazilian federal prosecutors on Thursday charged the former chief executive of U.S. oil services company Vantage Drilling…
-
EPA Scraps Plan to Force US Refiners to Blend More Biofuels
The U.S. Environmental Protection Agency ditched a detailed plan that would have forced refiners to blend more biofuels into…
-
Equinor Acquires Energy Trader Danske Commodities
Norwegian oil and gas major Equinor, formerly Statoil, is acquiring the Danish energy trading company, Danske Commodities…
