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US Oil Exports to India Soar Ahead of Iran Sanctions
U.S. crude oil exports to India hit a record in June and so far this year are almost double last year's total as the Asian nation's refiners move to replace supplies from Iran and Venezuela in a win for the Trump administration.U.S. President Donald Trump's administration has been…
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Tidewater and GulfMark Announce Merger
Tidewater Inc. and GulfMark Offshore, Inc. announced Monday that the boards of directors of both companies have unanimously approved a definitive agreement to combine the two companies, creating the industry’s largest owner of offshore support vessels and continuing consolidation…
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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 among drilling workers on Monday, the firm said."More drilling and well operations are affected. We will get delays ...
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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 to benchmark Brent in just a month, as surging U.S production upends the market.Trading desks of oil major BP and merchants Vitol , Gunvor and Trafigura have…
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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, a customized Ulstein Alfa Lift design developed by Ulstein Design & Solutions BV (UDSBV) and OHT.There is one firm order with three options to build the ship at China Merchant Heavy Industry (CMHI)…
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Hundreds of Oil Workers Strike in Norway
Hundreds of workers on Norwegian offshore oil and gas rigs went on strike on Tuesday after rejecting a proposed wage deal…
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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…
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Liftboat Milaha Explorer Deployed off West Africa
Qatar-based maritime and logistics conglomerate Milaha said its liftboat Milaha Explorer has been deployed off the coast…
Latest news
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Oil Prices Dip as Markets Eye Potential Supply Increases
Oil prices fell on Monday as concerns about supply disruptions eased and Libyan ports resumed export activities, while traders…
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New Project Seeks to Boost UK O&G Workforce
A project to develop a new UK oil and gas skills strategy has been launched following wide spread industry and government…
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Powering Ships with Plastic in Amsterdam
In the Port of Amsterdam, a new factory is being built that could revolutionize the way we dispose of plastic waste. Utilizing…
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German North Sea Wind Production on the Rise
Offshore wind power plants in Germany's North Sea produced 5.15 percent more electricity from January to June than in the…
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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…
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Deepwater Survey Completed in Working Oilfield
Fairfield Geotechnologies completes Gulf of Mexico Ocean Bottom Node surveyFairfield Geotechnologies announces the successful…
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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…
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Ireland to Move Oil Reserves from UK over Brexit
The Irish government is planning to move 200,000 tonnes of its oil reserves from Britain as part of its Brexit preparations and will sign off on the m
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China Willing to Invest $3 Bln in Nigerian Oil Operations
China National Offshore Oil Corp (CNOOC) is willing to invest $3 billion in its existing oil and gas operation in Nigeria…
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Russia Boosts Crude Oil Exports from Sakhalin-1
Russia plans to boost crude oil exports from the ExxonMobil-led Sakhalin-1 project to between 260,000 to 266,000 barrels…
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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…
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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…
Offshore Oil & Gas
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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…
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Hundreds of Norway Oil Workers Go On Strike
Hundreds of workers on Norwegian offshore oil and gas rigs went on strike on Tuesday after rejecting a proposed wage deal…
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Britain Launches North Sea Frontier Oil, Gas Licensing Round
Britain's Oil and Gas Authority on Tuesday launched a licensing round for 1,766 offshore oil and gas blocks in the North…
Shale Oil & Gas
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Iran Says U.S.-Caused Oil Spike Will Slow Growth, Add to Tariff Impact
A rise in oil prices caused by the United States' sanctions policies will hurt economic growth in China, Europe and other consumers…
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Saudi Refinery Exports First Gasoline Barrels to U.S.
A refinery in Saudi Arabia has shipped its RBOB gasoline to the United States for the first time, a potential precursor for…
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U.S. Crude Inventories Drop by Nearly 13 mln barrels - EIA
U.S. crude stocks fell by nearly 13 million barrels last week as refineries cut output, while gasoline stocks decreased and…
LNG
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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…
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Pertamina Ends 'Unfeasible' LNG Terminal Project
Indonesia's state owned energy holding company, Pertamina, has decided not to go ahead with what would have been the country's…
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Japan's First LNG Bunkering Vessel to Launch in 2020
Kawasaki Kisen Kaisha, Chubu Electric Power, Toyota Tsusho, and Nippon Yusen KK said on Friday that their joint venture has…
Renewables
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Funding Secured for Israel's Largest Wind Farm
Enlight Renewable Energy said on Monday it secured 525 million shekels ($145 million) in financing to build Israel's largest…
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Alpha Offshore Bags Offshore Wind Blade Repair Contract
Alpha Offshore Service A/S has been awarded a contract with NoordzeeWind, a Joint Venture between utility company Nuon and Shell…
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Fate of Argentine Biodiesel Industry Hinges on EU Sanctions
Argentina's biodiesel industry is at risk after the European Union threatened to impose tariffs on imports from the South American country…
Technology
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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…
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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…
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DNV GL Unveils Renewable Energy Data Platform
DNV GL is launching GPM Horizon, a data monitoring platform with full integration of current and future renewable energy systems including solar PV…
Legislation
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Sinovel Fined for AMSC Trade Secret Theft
A U.S. judge ordered Sinovel Wind Group Co Ltd, a Chinese wind turbine maker, to pay a $1.5 million fine after the company…
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Brazil Court Blocks $892.7 mln from SBM Related to Petrobras Contracts
A Brazilian federal court ruled that state-run oil company Petroleo Brasileiro SA can subtract $892.7 million it owes in future fees to Dutch group SB
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Asian Refiners Rush to Secure Feedstock as Trade War Looms
U.S. tariffs on Chinese goods came into effect Friday; China retaliates, duty on U.S. crude possible. Asian oil refiners…
