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Santos Broadens Offshore Exploration in N.Australia
The oil and gas producer in the Asia-Pacific region Santos has struck a joint venture (JV) agreement with fellow-listed Beach Energy to partner over four exploration permits in the Bonaparte basin, offshore northern Australia.The two companies will each hold a 50% JV interest in the four permits…
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Magallanes Installs Turbine at EMEC
Spanish tidal energy developer Magallanes Renovables is testing its tidal technology on a test site at the European Marine Energy Centre (EMEC) in Orkney, Scotland.The successful installation of their second generation (2G) 2MW tidal platform ‘ATIR’ took place on 16th February and marks a major milestone in the Ocean_2G project…
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Top Citgo Executives Removed as PDVSA Chaos Continues
Citgo Petroleum Corp has removed at least three top executives close to Venezuelan President Nicolas Maduro, people familiar with the matter said on Monday, in a move to cement management control under a new board of directors.The U.S. refining arm of Venezuelan state-run oil company…
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As Traders Tussle Turkmenistan Cuts Exports
A clash between trading house Vitol and Azerbaijan's SOCAR over Caspian Sea oil shipments is forcing Turkmenistan to slash exports of crude due to a lack of tankers.Turkmenistan typically exports about 200,000 tonnes of oil per month via the Caspian to world markets, mainly from fields operated by the UAE's ENOC and Italy's Eni…
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Repsol Makes Huge Find in Indonesia
A consortium led by Repsol has found new gas resources in Indonesia estimated at at least 2 trillion cubic feet, the Spanish oil and gas firm said on Tuesday, equivalent to around two years' worth of Spanish demand.The discovery at the Sakakemang block in South Sumatra is among the 10 largest finds worldwide in the last 12 months…
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2021 to See 33 More FPSOs
A total of 33 floating production, storage and offloading (FPSO) vessels will be sanctioned between now and 2021 as oil and…
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World’s Largest Offshore Wind Farm Generates First Power
The first turbine of the 1,218-MW Hornsea 1 offshore wind farm in the North Sea, the world’s biggest such facility, has been…
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Excelerate, Equinor Perform First STS LNG Transfer
The first ever ship-to-ship (STS) transfer of liquefied natural gas (LNG) was completed in The Bahamas by Excelerate Energy…
Latest news
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Exxon, Microsoft Ink Cloud Computing Deal for U.S. Shale
Exxon Mobil Corp and Microsoft Corp have agreed to use cloud technology in the U.S. oil producer's shale operations, they said on Friday…
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Brent Hits 2019 High on U.S.-China trade Hopes
U.S. crude stocks rise to 454.5 mln barrels as crude exports from U.S. hit record 3.6 mln bpd.Oil prices rose on Friday,…
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Shell Shrugs off Brexit, Eyes UK Offshore Wind
Shell plans to enter Britain’s offshore wind market by acquiring seabed leases or taking stakes in existing projects, despite…
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Coal's Uncertain Future and Glencore's Output Cap
It's been weird in the coal world in recent days, with the world's largest shipper saying it's capping output, biggest seaborne…
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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…
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Green Maritime Methanol Project Gets a Boost
Shipowners, shipyards, manufacturers and ports have joined forces to investigate the feasibility of methanol as a sustainable…
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Verus Petroleum Up For Sale
Private equity firm HitecVision is seeking to sell its British North Sea oil and gas production unit Verus Petroleum, which…
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Turkey Set to Begin Drilling off Cyprus
Turkey will begin drilling for oil and gas near Cyprus in coming days, state-owned news agency Anadolu reported Foreign Minister…
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Elengy's Fos Tonkin LNG Capacity for Sale
French liquified natural gas (LNG) terminal operator Elengy, a unit of the energy giant Engie, is preparing the sale of access…
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Venture Global Gets Approval for Louisiana Facility
Venture Global LNG Inc said on Friday it has received regulatory approval for its Calcasieu Pass LNG export facility and…
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Former Enron CEO Jeffrey Skilling Released
Jeffrey Skilling, the onetime chief of Enron Corp who was sentenced to 24 years in prison for his conviction on charges stemming…
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Bad Choices cost Pemex $1 bln
Mexico's state-oil company Pemex burned through $665 million at its fertilizer unit, ignored consultants and made high-risk…
Offshore Oil & Gas
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Norway Oil Firms Lower 2019 CapEx Forecast
Oil and gas companies operating in Norway have lowered their investment forecasts for 2019 to 172.7 billion crowns ($20.06…
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Traders bet on Saudis, White House Lifting Oil Prices
Oil traders are becoming very bullish on the outlook for prices, betting that Saudi Arabia will do whatever it takes to tighten…
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SeaOwls, Ulstein Part Ways
Norwegian shipbuilder Ulstein and Dutch offshore consultancy SeaOwls BV have decided to each go their own separate ways in…
Shale Oil & Gas
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Oil Dips After Record U.S. Shale Forecast
U.S. sanctions on Iran, Venezuela tighten markets, but soaring U.S. shale output offsets some of the disruption.Oil fell on Wednesday after the U.S.
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OPITO Appoints Director to Support Global Operations
OPITO has appointed Stuart Clow as Director with a remit focused on supporting industry safety through high-quality training…
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Repsol's Biggest Gas Discovery in Indonesia in 18 years
A consortium led by Repsol has found new gas resources in Indonesia estimated at at least 2 trillion cubic feet, the Spanish…
LNG
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Equinor Sells Natural Gas Worth USD26bln in 2018
Norwegian energy company Equinor has announced its 2018 sales of natural gas totalled $26bn, an increase of 29% from 2017.Equinor…
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LNG Bunkering Takes Off in Rotterdam
The throughput of LNG - liquefied natural gas - as bunker fuel in the Rotterdam bunker port increased considerably from 1…
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Natural Gas Contributes to Low Carbon Future
Equinor sold natural gas for around $26 billion in total in 2018, an increase of 29 percent from 2017. As more countries…
Renewables
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Equinor Lines Up Floating Wind in S.Korea
Equinor and South Korea's state-owned National Oil Corporation (KNOC) will explore opportunities to develop commercial floating offshore wind farms in
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India, China to Lead Rapid Growth in Energy
The major chunk of global energy supply growth is expected to come from renewables and natural gas over the next two decades…
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Europe Offshore Wind Capacity Up 18% in 2018
Europe installed a total of 2.6 gigawatts (GW) of new offshore wind capacity in 2018, an 18% increase which takes the region…
Technology
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INPEX Selects NAPA for LNG Carrier Fleet
Japan's largest oil and gas exploration and production company INPEX Corporation has installed ClassNK-NAPA GREEN for monitoring…
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HHLA Support Energy Transition
German logistics and transportation company Hamburger Hafen und Logistik AG (HHLA) and its partners began research and development…
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New Design for Liquid Hydrogen Bunkering Vessel Unveiled
Design and engineering services company Moss Maritime has, in cooperation with Equinor, the global maritime industry group Wilhelmsen and DNV GL…
Legislation
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Petrobras Will Pay to End Whale Park Dispute
Brazil state-run oil firm Petroleo Brasileiro SA said on Thursday it had concluded a long-running dispute with the country's ANP petroleum regulator,
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Norway's Snow Crab Ruling Boosts Oil Claim
A court delivered a painful nip to European Union fishermen on Thursday by tightening Norway's grip on snow crab catches in the Arctic…
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Seismic Surveys Delayed in US Arctic
There will be no seismic exploration this winter on the coastal plain of the Arctic National Wildlife Refuge, the Interior Department said on Friday…
