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Oil Prices Gain 2%
Oil futures gained nearly 2% on Friday as comments from a top U.S. official raised optimism for a U.S.-China trade deal, but worries about increasing crude supplies capped prices.Benchmark Brent crude gained $1.13, or 1.8%, to $63.41 a barrel, while West Texas Intermediate crude rose 93 cents…
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Exceptional Growth in LNG Trade, Says Awilco
The exceptional growth in LNG trade recorded in the first half of the 2019 continued in Q3, says Awilco LNG Group, the Norwegian based fully integrated pure play LNG transportation provider.According to Fearnleys LNG total LNG trade is up about 13 % in the first nine months of the year vs last year.
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Gazprom Proposes Gas Deal with Ukraine
Gazprom has sent a formal letter to Ukraine proposing either to extend a current gas deal or sign a new one-year agreement, the Russian gas exporter said on Monday .It also said that it had offered to drop legal claims and counter-claims by both Ukraine and Russia as a pre-condition…
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Woodside Sees Reserve Base Tripling
Australia's Woodside Petroleum on Tuesday laid out plans to triple its gas and oil reserve base as it pursues projects worth over $36 billion in Australia, Senegal and Myanmar.Success in those projects would result in its reserve base reaching 3.7 billion barrels over the next seven…
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ConocoPhillips targets $50 bln free cash flow over next decade
ConocoPhillips unveiled a long-term plan on Tuesday to boost oil and gas production by about 3% per year, restrain annual spending to about $7 billion and return $50 billion to shareholders over the next decade.The announcement comes as investors, frustrated by weak commodity prices for 5 years…
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Hackers Demand $5M from Pemex
Hackers demanded about $5 million in bitcoin from Mexico's Pemex, they told Reuters on Tuesday, saying the state oil firm…
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Japanese Firms in Brazilian FPSO Gig
Japanese companies have decided to proceed with the deepwater floating production, storage, and offloading system (FPSO)…
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Pemex Struck by Ransomware Attack
A ransomware attack hit computer servers and halted administrative work on Monday at Mexican state oil firm Pemex, according…
Latest news
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OES: Surge in Tidal Energy in 2020
The last annual report issued by Ocean Energy Systems (OES) highlights significant international investment including $25m…
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Sinopec Gets Weirong Green Light
China's Sinopec has received approval from the ministry of natural resources to develop shale gas at the Weirong gas field…
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Energean Seeks to Pipe Karish Gas to Cyprus
Energean Oil & Gas said on Tuesday its Energean International unit submitted an application to import and supply natural…
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SAExploration Wins $130Mln of New Projects
Houston-based global seismic services company SAExploration announced a combined $130 million of new projects in Alaska…
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Oil Majors to Raise $27Bln in Selling Spree
Global giants of the oil and gas industry – the so-called supermajors – are looking to sell assets that could fetch a total of $27.5 billion…
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France Plans 1 GW Offshore Wind Farm
France wants to construct a wind farm off the coast of Normandy as the nuclear-dependent nation moves to expand power generation…
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AG&P Invests in Kanfer Shipping, Eyes LNG
Global downstream gas and LNG logistics company Atlantic Gulf & Pacific (AG&P) has made a strategic equity investment in…
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Kim Heng Enters Taiwan’s OWP
Kim Heng Shipbuilding & Engineering (KHSE), wholly owned subsidiary of Kim Heng Offshore & Marine (KHOM), has entered into…
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San Diego Port Buys Eco-Friendly Fleet
The Port of San Diego in the US is planning to purchase seven vehicles for its work fleet that will run on renewable diesel fuel…
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DEA Announces Thor OWF Tender
The Danish Energy Agency (DEA) has published detailed material concerning central elements and questions which will be discussed…
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Poland Ends Major Russian LNG Contract
Poland's state gas company PGNiG says it had notified Russia's Gazprom that it will not renew their long-term deal on liquefied…
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APAC to Fuel Global Wind Power
Global wind power market size increased from $71.6bn in 2010 to $96.4bn in 2018. During the 2019–2030 forecast period, significant…
Offshore Oil & Gas
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Ørsted Inaugurates Historic Taiwanese OWF
Global offshore wind solutions provider Orsted inaugurated the Formosa 1 offshore wind farm in Taiwan, the first offshore…
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Global Offshore Wind Market Grows 30%
The global offshore wind market grew nearly 30% per year between 2010 and 2018, benefiting from rapid technology improvements…
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Orsted Breaks Ground for Taiwan OWP
Construction of Taiwan's Formosa 2, an offshore wind power (OWP) development project, officially broke ground in Miaoli County.Orsted…
Shale Oil & Gas
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Oil Rises on U.S. Crude Stocks Fall
Oil rose on Thursday after industry data showed a surprise drop in U.S. crude inventories, while comments from OPEC about lower-than-expected U.S.
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Equinor Sells Eagle Ford Asset for $325 Mln
Norwegan energy company Equinor said it has signed an agreement to divest to Repsol its 63% interest in, and operatorship of…
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Top Shale CEO Says OPEC Shouldn't Worry About U.S. Oil Growth
Pioneer Natural Resources Chief Executive Scott Sheffield said on Tuesday that he expects the Permian Basin, the top U.S.
LNG
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BP, Total Pact for Adnoc LNG Supply
The state oil giant Abu Dhabi National Oil Company (ADNOC) signed agreements with BP and Total to book the majority of its…
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China Expects Balanced Energy Supply/Demand
China's state planner expects this winter's energy supply and demand to be generally balanced amid increasing natural gas…
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Saipem Inks Deal with Daewoo for Onshore Projects
Italy's Saipem said on Monday it signed a strategic agreement with Daewoo E&C Co.
Renewables
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Poland Preps Offshore Wind Bill
Polish Ministry of Energy has finished internal work on draft 'offshore wind act'. The draft is to be further proceeded now…
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Ørsted Expands Rapidly in US
Denmark-based Ørsted A/S, offshore wind giant, is expanding rapidly in the US within the development and construction of…
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SGRE Powers Google in Sweden
Siemens Gamesa Renewable Energy (SGRE) has secured an order to supply its turbines for a 254MW wind farm in Sweden that will…
Technology
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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…
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GreenSteam Acquires BMT Smart
Denmark-based GreenSteam, a majority owned company of BP, has acquired BMT’s data collection and performance optimisation…
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Fuel Flexibility is Key for Green Shipping
Fuel flexibility and technologies to bridge changing fuel usage have been identified in the Maritime Forecast to 2050 as…
Legislation
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Moment of Truth for Brazilian Oil Auction is Here
Executives from many of the world's biggest oil companies gathered in Rio de Janeiro on Wednesday to compete in Brazil's…
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Shell to Buy French Wind Farm Firm
Royal Dutch Shell is buying French renewable power company EOLFI as part of its plans to ramp up the oil major's electricity…
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Chesapeake Energy to Reduce CapEx by 30%
U.S. oil and gas company Chesapeake Energy Corp said it expects its capital expenses to drop by about 30% in 2020 after it…
