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Tractebel Acquires Deutsche Offshore Consult
Belgium-based Tractebel Engie has, through its subsidiary Lahmeyer International, acquired Deutsche Offshore Consult GmbH (DOC) to strengthen its position in the offshore wind sector.German outfit DOC has staff covering all aspects of the offshore wind development process, including engineers…
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Trafigura Boosts LNG Volumes by 22%
Geneva based commodity trading company Trafigura increased its liquefied natural gas (LNG) traded volumes by 22% to 9.9 million mt in its financial year ending September 30 2018, driven by sales to China and South Korea, with the Asian share of our LNG business jumping to 30 percent.According…
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Eni Must Improve Safety in the Arctic -Norway Watchdog
Italian oil company Eni must do more to improve safety at its Arctic Goliat oilfield, which produces up to 100,000 barrels of crude per day, Norway's oil safety watchdog said on Tuesday.The world's northernmost oilfield has suffered a number of incidents since it started production in March 2016.While previous orders issued by the regulator…
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AET Grows in Brazil
With the ongoing development of deepwater pre-salt plays and a decreased demand on local content in tankers and other vessels, Brazilian national operator Petrobras and other super-majors have been looking abroad for better rates and reliable operators of shuttle tankers. Claudio Paschoa…
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Hornsea One Offshore Wind Farm Breaks Record
Denmark energy company Ørsted has built 467 kilometres of export cables at the site, equivalent to the distance between London to Newcastle."Construction is progressing well on what will become the world’s largest offshore wind farm, as Ørsted announces the completion of export cable installation at Hornsea One months ahead of schedule…
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Tailwind Energy Hits First Oil From UK North Sea
New UK North Sea-focused oil and gas company Tailwind Energy has announced first oil from the 100% owned Gannet E redevelopment to the Triton FPSO.
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BW Offshore Recycling FSO Belokamenka
The provider of floating production services to the oil and gas industry BW Offshore has signed an agreement to dispose of…
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NOC Declares Force Majeure on Biggest Oilfield
Libya's National Oil Company (NOC) on Monday declared force majeure on exports from the El Sharara oilfield, which was seized…
Latest news
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Seaway Offshore Cables Wins First Cabling Job in US Offshore
Subsea 7 associate Seaway Offshore Cables has won a contract to supply and install array cables for the 12MW Coastal Virginia…
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Yamal LNG Reaches Full Capacity
Yamal liquefied natural gas (LNG) project in Arctic Russia officially commissioned the third or last production line yesterday…
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Mexico President's Pemex Plans Rattle Debt-holders
Mexican President Andres Manuel Lopez Obrador's declaration of war on "neo-liberal" economics has shaken investors holding Petroleos Mexicanos bonds…
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Chevron Gets Green Light for Captain EOR
Energy giant Chevron announced Tuesday it has received approval from the U.K. Oil and Gas Authority (OGA) to move ahead with…
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Hornsea One Export Cable Installation Completed
The installation of export cables at the world's largest offshore wind farm, Hornsea One in the North Sea off the coast of England…
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DeltaTek Appoints Johnstone
Well construction specialist, DeltaTek Global, has announced the appointment of Chris Johnstone as Operations Supervisor.Johnstone…
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Cenovus Cuts 2019 Capital Budget
Canada's Cenovus Energy Inc said on Tuesday it would reduce its capital spending for 2019 by 4 percent amidst a broader turnaround plan following its
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Hess, Conoco Raise 2019 Production Outlook
Oil and gas producer Hess Corp and Conocophillips both expect production for 2019 to be higher than this year even as they…
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Eni Starts Production at Vandumbu Field
Italy's Eni said it has started production from the Vandumbu field in Block 15/06 through West Hub N’Goma floating production…
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BP Targeted with First Shareholder Resolution on Climate Goals
Pressure on oil companies to tackle climate change is growing after an activist group for the first time filed a shareholder…
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Petronet Seeks Long-term Deal to Buy US LNG
Top Indian gas importer Petronet LNG is looking to sign a deal in a year's time to buy at least 1 million tonnes of U.S.
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Attempted Oil Theft Leads to Spill
At least 60,000 liters (377 barrels) of oil spilled into Rio de Janeiro's Guanabara Bay and a nearby river over the weekend…
Offshore Oil & Gas
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Malaysia Agrees to Extend Oil Output Cut
Malaysia will extend its oil production cuts by another six months after the agreement between OPEC and other oil producers…
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UKCS Still Worth Investment Despite Brexit -Equinor
Norwegian oil and gas firm Equinor will remain committed to the mature British continental shelf regardless of the country's…
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Shell to Go Ahead with Shearwater Gas Expansion
Royal Dutch Shell said on Monday it would expand the Shearwater gas hub in the British North Sea, its seventh project to get the green light in the ag
Shale Oil & Gas
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Rice Brothers Push for Top-level changes at EQT
EQT Corp is facing calls for a shakeup at the helm from shareholders Toby Rice and Derek Rice, who had sold Rice Energy Inc…
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OPEC and Non-OPEC Cooperation Deal to be Signed in Three Months -UAE
A general cooperation agreement between OPEC and non-OPEC countries will be signed in three months' time in Saudi Arabia…
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Oil Surrenders Some of its OPEC Gains as Stock Markets Soften
Oil eased on Monday, echoing the weakness in global stock markets and erasing some of the gains made last week when producer…
LNG
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Tellurian in LNG Supply Deal with Vitol
Tellurian announced that its subsidiary, Tellurian Trading, has entered into a Memorandum of Understanding (MOU) with Vitol…
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ADNOC, Inpex in LNG Bunkering Pact
ADNOC Logistics & Services (ADNOC L&S), a wholly-owned subsidiary of UAE's ADNOC, has signed an agreement with Japan's Inpex…
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Höegh LNG Takes Delivery of Ninth FSRU
Bermuda-based floating liquefied natural gas (LNG) company Höegh LNG Holdings took delivery of Höegh Gannet, its ninth floating…
Renewables
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Croatia's HEP to Invest $1.85 bln in Renewable Energy by 2030
Croatia's state-run power utility HEP aims to boost renewable energy to 50 percent of its total capacity from the current 35 percent…
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Carbon Trust, ClassNK Consulting Service Partner on Climate Change Support
The Carbon Trust and ClassNK Consulting Service Co., Ltd. have signed an agreement to work together to develop a commercial…
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New Jersey Board of Public Utilities Backs Offshore Wind
The New Jersey Board of Public Utilities (NJBPU) is remaining committed to supporting the state’s goals of generating 3.5GW…
Technology
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MOL Announces Three Initiatives on Global Warming
Japanese shipping giant Mitsui O.S.K. Lines (MOL) has announced its support for three initiatives to address the issue of global warming.
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Training on Ship Fuel Data Collection in China
The International Maritime Organization (IMO)-led GloMEEP project has delivered a training course in China last week to help…
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Eco Marine Power, ClassNK to Collaborate
In another significant move towards commercial release of the EnergySail, Eco Marine Power (EMP) announced that it has begun…
Legislation
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Scrubber Manufacturers Slams Singapore Open-Loop Scrubbers Ban
Exhaust Gas Cleaning Systems Association (EGCSA) has attacked Singapore's restrictions on open-loop versions of the systems…
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Petrobras Fires Employee Accused of Corruption
Brazil's state-controlled oil company Petroleo Brasileiro said on Wednesday it had fired a Houston-based employee accused of participating in a corrup
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Major Traders Bribed Petrobras Staff -Prosecutors
Brazil prosecutors alleged on Wednesday that trading giants Vitol, Trafigura and Glencore paid over $30 million in bribes…
