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Apache Makes Major Discovery Offshore Suriname
Apache Corp and Total SA said on Tuesday they had made a major oil discovery in a closely watched area off the coast of South America's Suriname, sending Apache's shares surging nearly 27%.The discovery, dubbed "among the most anticipated in the world" by one brokerage, is seen as…
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Mammoet Completes ALE Acquisition
The Netherlands-based Mammoet confirmed it has completed its acquisition of UK-based rival ALE, creating the industry’s largest engineered heavy lifting and transport services provider.The businesses will operate as one company under the Mammoet brand with more than 140 offices and branches worldwide…
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China Opens Up to Foreign E&P Firms
For the first time, China will this year allow foreign companies to explore for and produce oil and gas in the country, opening up the industry to firms other than state-run energy giants, as Beijing looks to boost domestic energy supplies.The long-awaited opening accompanies a reshuffle of the so-called "midstream" pipeline business, but experts s
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Corpus Christi Crude Exports Boom
U.S. crude exports from Corpus Christi, Texas, have surged to a record in recent weeks, often surpassing hubs such as Houston and Beaumont, Texas, thanks to faster-than-expected infrastructure additions.The infrastructure boom at Corpus Christi helped push crude exports there to a…
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Exxon to Load First Crude from Guyana This Weekend
The first-ever cargo of Guyana's crude for export is scheduled to begin loading this weekend so the oil can be processed at Exxon Mobil's refining system, the company told Reuters on Friday.Exxon has so far made 15 discoveries of oil reserves in Guyana, turning a risky exploration venture into one of the world's most promising oil mega-projects.
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Oil Hits $70 a Barrel
Oil prices rose a further 2% on Monday, pushing Brent above $70 a barrel, as rhetoric from the United States, Iran and Iraq…
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Equinor Targets Zero Emissions
Norwegian oil producer Equinor aims to cut greenhouse gas emissions generated at offshore fields and onshore plants in Norway…
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Europe Dominates LNG Import Story in 2019
Global liquefied natural gas (LNG) production jumped in 2019, triggering oversupply and low prices that are expected to persist in 2020.
Latest news
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Malaysia in Shanghai LNG Supply Pact
Malaysian state-run giant Petroliam Nasional (Petronas) subsidiary Petronas LNG (PLL) has signed a 12-year liquefied natural…
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Oil, Gas Players Optimistic on Profits
Companies in the oil and gas sector are optimistic about their ability to achieve their financial targets for 2020, according…
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Vattenfall, TuuliWatti to Balance Finnish Wind
European energy company Vattenfall has signed a five-year energy services agreement with the largest Finnish wind power producer…
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Rotterdam Port Explores Option of Geothermal
Research into the geothermal port of Rotterdam is entering the next phase, according to the Port of Rotterdam Authority.Shell…
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US Extends License for Chevron's Operations in Venezuela
The U.S. Treasury Department on Saturday renewed a license allowing Chevron, the last U.S. energy company operating in Venezuela…
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McDermott Bankruptcy Filing Imminent -Bloomberg
Oilfield services provider McDermott International Inc is preparing to file for bankruptcy as soon as next week, Bloomberg reported on Friday…
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Pipeline Fire Kills Three in Lagos
A fire on a pipeline owned by Nigeria's state oil company in the commercial capital Lagos killed three people on Sunday,…
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What Does US-China Trade Deal Mean for Oil Markets?
After over a year of trade tensions, the US and China signed a “phase one” trade deal on 16 January. As part of the deal…
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Freeport LNG Kicks Off Train 2
US-based Freeport LNG has started commercial operations at its second of three planned liquefaction trains.Freeport LNG Train…
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US Refiners Grab HSFO on Back of IMO 2020
U.S. refiners are scooping up cheap high-sulfur fuel oil for processing from Russia and the Baltic states as they take advantage…
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Oilfield Services Giants Start Year with Asset Sales
Schlumberger, Halliburton Co, and Baker Hughes Co have kicked off the new year by putting units up for sale, as the three…
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Qatargas Delivers 1st Cargo to Summit LNG
The world’s largest liquefied natural gas (LNG) producer Qatargas Operating Company Limited (Qatargas) has delivered the…
Offshore Oil & Gas
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NKT Bags East West Interconnector Contract
The Irish power grid operator EirGrid has awarded NKT a service contract for the interconnector connecting Ireland and Great…
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Energean, DEPA Pact for EastMed Pipeline
UK-based international oil and gas exploration and production company Energean Oil & Gas and the Public Gas Corporation of…
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SGRE Reaches $1.9Bn Green Guarantee Lines
Siemens Gamesa Renewable Energy (SGRE) has announced that in less than a year, and aligned to its commitment to sustainability…
Shale Oil & Gas
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Castleton Closes Shell Shale Deal
Houston-based Castleton Resources said that its subsidiary Castleton Commodities International LLC (CCI) has closed on the…
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Oil on Track for Biggest Yearly Rise Since 2016
Oil fell on the last trading day of the decade on Tuesday but was still on track for monthly and annual gains, supported…
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US Crude Stocks Fall Far More Than Expected
U.S. crude stocks fell much more than anticipated as refineries boosted output near the end of the year, the Energy Information…
LNG
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NOAA: Oregon LNG Pipeline Will Have Minimal Impact
The U.S. National Oceanic and Atmospheric Administration (NOAA) said its analysis found that the construction and operation…
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Kuwait Signs 15-yr LNG Gas Deal with Qatar
State-owned Kuwait Petroleum Corp signed a 15-year agreement with Qatar Petroleum to import three million tonnes of liquefied…
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Asian LNG Prices Little Changed in Quiet Trade
Asian spot prices for liquefied natural gas (LNG) were little changed this week amid quiet trade and low liquidity.The average…
Renewables
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Germany’s biggest OWF Operational Now
Germany’s biggest wind farm has been fully connected to the grid. According to EnBW Energie Baden-Württemberg AG (EnBW)…
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SGRE Completes Senvion Purchase
The renewable energy major Siemens Gamesa Renewable Energy (SGRE) has finalized the acquisition of Senvion's European onshore…
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Shell's New Energies Boss Gainsborough to Step Down
Royal Dutch Shell's head of New Energies Mark Gainsborough announced on Thursday he was stepping down after setting up and…
Technology
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Wilhelmsen, NorSea Join Forces for Hydrogen
The Norwegean global maritime industry group Wilh. Wilhelmsen Holding ASA and Denmark-based supply chain manager NorSea join…
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GEO Installs Ulstein Blue Box in 2 Vessels
The Norwegian ship owner Golden Energy Offshore has decided to install Ulstein Blue Box on two of their vessels.The offshore…
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DNV GL Mulls Digitalization in Wind Energy
Digitalization is already playing a major role in the growth of wind energy, but it can still drive further improvements in operational efficiency…
Legislation
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Maersk, Tide Maritime Targeted in Petrobras Probe
Brazilian authorities on Wednesday targeted Maersk and other companies for allegedly paying bribes to get an edge in securing…
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Former China Energy Chief Jailed for Life
Former head of China's National Energy Administration Nur Bekri has been sentenced to life in prison for accepting bribes, China's Supreme People's Co
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Oil Edges Lower on U.S. Crude, Gasoline Build
Oil eased on Wednesday after a report showing U.S. crude inventories grew unexpectedly last week and gasoline stocks surged…
