-
'We Are the Rightful Owners' of Anadarko -Oxy CEO
Occidental Petroleum Chief Executive Vicki Hollub on Friday touted her $38 billion deal for Anadarko Petroleum Corp and defended the pricey terms she negotiated in a 90-minute session with billionaire investor Warren Buffett to secure the deal without seeking shareholder approval.Hollub…
-
Rovuma LNG Gets Government Green Light
The government of Mozambique has approved development plans for the ExxonMobil-led Rovuma LNG project, which will produce, liquefy and market natural gas from three reservoirs located in the Area 4 block offshore Mozambique, two of which straddle the boundary with neighboring Area…
-
Johan Sverdrup Phase 2 Plan Approved
Norwegian authorities have formally approved the plan for development and operation (PDO) of the second phase of the Johan Sverdrup field, Equinor announced on Wednesday. The Norwegian energy company said the NOK 41 billion ($4.7 billion) project received broad support in Norway’s parliament at the end of April…
-
Brent Oil Climbs Toward $73
Oil prices rose on Thursday for a third day running as fears of supply disruption amid heightened tensions in the Middle East overshadowed swelling U.S. crude inventories.Brent crude futures were up $1.03 cents at $72.80 a barrel by 1344 GMT, heading for the biggest weekly rise in about three months.U.S.
-
Gazprom Finds New Yamal Offshore Fields
Russian state gas producer Gazprom has discovered two new offshore fields in the Yamal region with total reserves of more than 500 billion cubic meters (bcm), the company said on Friday.The fields are located in the Kara Sea and hold 390.7 bcm and 120.8 bcm respectively, Gazprom said.(Reporting by Anastasia Teterevleva and Gabrielle Tétrault-Farber
-
Timeline: Occidental's Anadarko Victory
Before Occidental Petroleum Corp clinched a deal on Thursday to buy Anadarko Petroleum Corp for $38 billion, it pursued its U.S.
-
Brazil Sets Parameters for Mega Oil Auction
Brazil's national energy council on Thursday published updated parameters for a massive oil auction scheduled for later this year…
-
Natural Gas Consumption Up 10% in China
According to the preliminary estimate, the consumption of natural gas in China exceeded 27 million cubic meters in 2018,…
Latest news
-
North Sea Oil Production May Go Down
On top of production declines in Iran and Venezuela, ongoing OPEC cuts, Urals contamination outages in Russia and maintenance in Kazakhstan…
-
Argentina Grants Offshore Exploration Permits
Argentina awarded permits to begin hydrocarbon exploration in 18 areas off the coast of the country in the Malvinas West…
-
DNV GL Hires Energy, Utilities Managers
DNV GL announced on Friday it has added two new key account managers for Energy North America. Elizabeth Kaiga will work…
-
Investors Push BP to Fight Climate Change
BP will face pressure at a meeting next week to set tougher targets to combat climate change, the latest signal from investors…
-
Nord Stream 2 Launch Facing Delays
Russia's Nord Stream 2 gas pipeline project to Germany may launch in 2020, rather than the end of 2019, due to delays in…
-
DNO Completes $400mln Bond Placement
The Norwegian oil and gas operator focused on the Middle East and the North Sea, DNO ASA said it has completed the private…
-
Simec Inks Technology Partnership with GE
Simec Atlantis Energy is set to team up with General Electric (GE) to develop the world's largest tidal stream turbine.According…
-
Energy Firms Lack in Digital Skills: DNV GL
91% of energy companies say digital skills training is needed, data science and big data analytics identified as most important…
-
Pemex Requests $8bn Loan Amid Heavy Uncertainty
Petróleos Mexicanos’ (Pemex) US$8 billion bank loan comes amid heavy investor uncertainty over the oil company’s debt load…
-
KBR Awarded FEED Contract for Oman LNG
American engineering company KBR announced it has been awarded a Front End Engineering Design (FEED) contract by Oman LNG…
-
10,000th LNG Loading by Qatargas
The world's largest liquefied natural gas company Qatargas announced that Qatargas Ras Laffan Terminal Operations (RLTO) has safely loaded the 10…
-
Cameron LNG Begins Production
The Cameron LNG project has achieved first liquefied natural gas (LNG) production from train 1. The project will begin exports…
Offshore Oil & Gas
-
IEA to Push for Offshore Wind Energy
The International Energy Agency (IEA) held a high-level workshop on the outlook for offshore wind energy yesterday (May 13)…
-
SBM Wins ExxonMobil Guyana FPSO Order
Dutch-based floating production and mooring systems (FPSO) provider SBM Offshore has won a contract to deliver an FPSO for…
-
Vattenfall Starts Hollandse Kust Zuid
Development of the first unsubsidized offshore wind farm is well underway off the Dutch coast after bouts of bad weather…
Shale Oil & Gas
-
U.S. Crude Stocks Fall as Imports Fall
U.S. crude oil stockpiles fell unexpectedly last week, the Energy Information Administration said on Wednesday, and strong…
-
Oil Falls Near 2% as U.S.-China Trade War Intensifies
Oil prices slipped nearly 2 percent on Tuesday, on track to fall to their lowest levels in over a month as renewed doubts…
-
Kinder Morgan's $1.75 bln Gas Pipeline Hit with Steel Tariff
U.S. pipeline operator Kinder Morgan Inc will pay a tariff on imported steel used in a $1.75 billion natural gas pipeline project, the U.S.
LNG
-
Sempra Names Bilicic Group President
Sempra Energy on Monday announced that George W. Bilicic has been named group president, effective upon completion of his…
-
LNG Trailblazer Eisbrenner Dies at 58
Kathleen M. Eisbrenner, a liquefied natural gas (LNG) industry pioneer and Founder and Chairman of the Board of Directors…
-
LNG Shipping Demand Flat in Q1 209
Global liquefied natural gas (LNG) shipping demand in Q1 209 was essentially flat compared to Q1 2018 and coupled with a…
Renewables
-
Vestas CEO to Step Down
Danish wind turbine maker Vestas on Tuesday said that its chief executive, Anders Runevad, would step down in August as part…
-
Orsted Reports Positive Start to 2019
Orsted on Wednesday reported higher first-quarter earnings from its offshore wind farms, in a positive sign for the Danish…
-
SGRE Bags 487 MW Mega Order from US
Spanish offshore wind giant Siemens Gamesa Renewable Energy (SGRE) has won two orders totaling 487MW from EDF Renewables…
Technology
-
EMEC Tidal Lease Extended
The European Marine Energy Centre has secured a lease extension on its primary tidal energy test site until 2040 from Crown…
-
Green Maritime Methanol Project Gets a Boost
Shipowners, shipyards, manufacturers and ports have joined forces to investigate the feasibility of methanol as a sustainable…
-
Ballard Joins H2Ports Project
Ballard Power Systems Europe is providing technology to H2Ports project which will see Valencia’s port in Spain become the…
Legislation
-
Siemens Exits Power, Gas, Renewable Biz
German conglomerate Siemens AG said it will spin off and give up its majority stake in its energy division and merge it with…
-
Occidental Agrees to Sell Anadarko Assets to Total
Texas-headquartered Occidental Petroleum has reached an agreement to sell Anadarko Petroleum's oil and gas assets in Africa…
-
Wintershall, DEA Complete Merger
The merger between oil and gas firms Wintershall Holding GmbH and Deutsche Erdoel AG (DEA) has been completed, creating the…
