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Aker Bets on Software Engineers for Its Oil Business
When the owners of Norwegian oil firm Aker BP decided to digitise its assets and operations, they searched high and low for the right software company. But they failed to find a suitable one.So instead they set up their own, Cognite, to create digital maps of Aker BP's oil industry assets…
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Bangladesh Shelves LNG Projects as Others Ramp Up
Bangladesh has put aside two smaller liquefied natural gas (LNG) projects with trading houses Gunvor and Vitol to focus on two larger LNG import terminals, one of which is already in use while the second will start up in March.Bangladesh has turned to LNG to offset falling domestic…
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Europe Gas Trade Volume on Track for Record in 2018
European gas trading volumes in 2018 may beat the record 51,000 terawatt hours (TWh) recorded in 2016 unless unseasonally warm weather prevails for the rest of this year, Prospex said in a report on Friday.The British research company said slower trading in 2017 was followed by an…
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Norway's Gas Exports Set to Match Annual Record
Norway's gas exports hit a new high of 36.8 billion cubic meters (bcm) this summer and the annual deliveries will be on a par with the record annual figure achieved in 2017, gas system operator Gassco said on Friday.Between May and August, which is normally a season with fewer gas exports…
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Pemex Reaches Deal to See if Talos Find Reaches Its Block
Mexican state oil firm Pemex has reached a preliminary agreement with a consortium led by Talos Energy to evaluate whether the group's find in the Gulf of Mexico extends into a neighboring Pemex block, the companies said in a statement on Thursday.The deal, which covers territory in the shallow waters of the Gulf of Mexico…
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China LNG Tariff Casts Shadow Over New US Export Terminals
China set a 10 percent tariff on U.S. liquefied natural gas (LNG) imports, extending a trade dispute into energy and casting a shadow over U.S.
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BW Adolo FPSO Produces First Oil
BW Offshore has announced that first oil from the BW Adolo FPSO was safely achieved on Sunday, 18 months after the initial…
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LNG Bunkering to Grow at CAGR of 62.50% CAGR to Reach $247bn in 2023
The global liquefied Natural Gas (LNG) bunkering market is expected to witness a CAGR of 62.5% over the forecast period 2017-2023…
Latest news
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Noble Corporation Buys Gusto MSC CJ46 Design Jackup Rig
Noble Corporation has announced the purchase of a new Gusto MSC CJ46 design jackup rig from the PaxOcean Group (PaxOcean)…
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Transocean Norge to Drill for Equinor
Equinor has awarded Transocean a contract for drilling six wells on the Norwegian continental shelf (NCS) by use of the Transocean Norge mobile rig.
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Shell in Talks to Sell $1.3 Bln of Gulf Coast Assets
Royal Dutch Shell Plc is in talks to sell its assets in a Gulf of Mexico oilfield to Focus Oil to pay for its takeover of BG Group Plc, Bloomberg repo
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NRCAN Grant Triggers Major Investment in the Bay of Fundy
The next wave of tidal energy development at the FORCE facility in the Bay of Fundy Nova Scotia has been triggered by a substantial grant of $29…
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New U.S. LNG Projects, Enough to Double Exports, on Verge of Launch
New U.S. liquefied natural gas terminals with enough capacity to double U.S. exports have either begun commissioning their…
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Verus Petroleum Buys UK Oil Firm Cieco
Aberdeen-based Verus Petroleum has agreed to acquire Cieco, a subsidiary of Japanese commodity trading house Itochu for an undisclosed sum, Verus' maj
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Semco Maritime Extends Maersk Innovator Cantilever
Maersk Drilling’s ultra-harsh environment jack-up Maersk Innovator is now heading for operation at the Buzzard field in the…
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LR Grants AiP for Wison’s 300MW FSRP Design
Lloyd’s Register (LR) has issued approval in principle (AiP) to Wison for its 300MW capacity floating storage, regasification…
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Gulf Marine Services Bags MENA Contract
Vessels provider to the oil & gas industry Gulf Marine Services (GMS) said that it was awarded three long-term contracts…
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Ex-Hess Exec to Lead Restart of Idled Caribbean Refinery
The owners of an idled oil refinery in the U.S. Virgin Islands that once ranked among the world's largest have hired a former…
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Reliance Shuts Field in Krishna-Godavari Basin
India's Reliance Industries Ltd has shut down an offshore oil and gas field on the eastern coast of India, the company said in a statement on Friday…
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Lukoil Gets Approval for LPG Supplies to Ukraine
Russia's No.2 oil producer Lukoil has obtained approval from a Russian export control regulator on supplies of liquefied…
Offshore Oil & Gas
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O&G Output at Russia's Pacific Sakhalin Island Seen Down in 2019
Production of oil and natural gas at the Russian Pacific island of Sakhalin is expected to decline next year, the local government…
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Forum Tackles Decom Challenges
At its inaugural Collaboration and Innovation in Decommissioning event earlier this month, Decom North Sea brought together…
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ESVAGT A/S: Working Closely with the Customer Results in High SOV Efficiency
Cooperation between ESVAGT and its customer maximizes uptime and increases operating efficiency in offshore wind farms.Since their launch in 2015…
Shale Oil & Gas
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Texas Waha Natgas Prices Dive 60 pct to Record Low on Pipeline Constraints
Next-day natural gas prices for Thursday at the Waha hub in the Permian basin tumbled 60 percent to their lowest on record…
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In U-turn, Exxon, Chevron to Join Rivals in Climate Initiative
Exxon Mobil, Chevron and Occidental Petroleum are joining a group of international oil and gas giants in an initiative aimed…
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U.S. Crude, Gasoline Stockpiles Fell Last Week - EIA
U.S. crude stocks fell last week, while gasoline stocks decreased and distillate inventories rose, the Energy Information…
LNG
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Shell Wins 15-year Deal to Supply LNG for Chinese Company's Power Plant
Royal Dutch Shell has won a long-term contract to provide liquefied natural gas (LNG) to a Chinese company's 441 megawatt LNG-fueled power plant under
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China and U.S. Energy Officials Tout Cooperation, Despite Tariffs
Energy trade with China will remain strong in the long-term, officials said on Wednesday at a China-U.S. oil and gas forum in Houston…
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Keppel Partners GTT on LNG Solutions
Keppel Offshore & Marine (Keppel O&M) has signed a Technical Assistance and License Agreement (TALA) with Gaztransport &…
Renewables
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BSM Launches a Offshore Division
In what can be construed as another positive sign for the turnaround of the offshore energy markets, Bernhard Schulte Shipmanagement…
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Baltic Eagle Surveys Underway
Fugro has commenced a marine site characterisation programme at Iberdrola’s Baltic Eagle Offshore Wind Farm, in German waters…
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Offshore Wind: Fugro Starts Site Survey in the Baltic
Fugro has commenced a marine site characterization program at Iberdrola’s Baltic Eagle Offshore Wind Farm, in German waters…
Technology
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Platform Mooring Connectors Supplied for Windfloat Atlantic Project
A U.K. based subsea mooring and cable protection specialist has been called on to help connect wind turbine generator platforms…
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Damen Shipyards Carries Out Tank Testing of New FCS 7011
Damen Shipyards Group has carried out tank testing of its 70-metre Fast Crew Supplier (FCS) 7011. The tests were carried…
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Challenges in Decarbonizing Shipping Industry
DNV GL - Maritime has released its second Maritime Forecast to 2050, part of a suite of Energy Transition Outlook (ETO) reports…
Legislation
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Swedish Court Revokes Suspension of Gazprom vs Naftogaz Ruling
A Swedish appeals court said on Thursday it had revoked a previous suspension of an arbitration ruling that blocked attempts by Ukraine's Naftogaz to
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Environmentalists File Second Complaint to Block Nord Stream 2
Environmental campaign group ClientEarth has filed a complaint with a court in Sweden to block the construction through Swedish…
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Novatek Signs Pact for Kamchatka LNG Transshipment Complex
Russia’s natural gas producer Novatek has signed an agreement of intent on implementing a project for the construction of…
