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Chrysaor to Buy ConocoPhillips’ UK Assets
Chrysaor has reached a deal to acquire ConocoPhillips’ oil and gas exploration and production assets in the UK for $2.675 billion, the companies announced on Thursday.Full-year 2018 production and year-end 2018 proved reserves associated with the assets being sold were approximately 72…
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US Rig Count Dips
U.S. energy firms this week reduced the number of oil rigs operating for the first time in three weeks as production growth forecasts from shale, the country's largest oil fields, continue to shrink.Drillers cut eight oil rigs in the week to April 18, bringing the total count down to 825…
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Eni, CDP, Fincantieri, Terna in Wave Power Pact
Italian oil group Eni is joining forces with compatriot shipbuilder Fincantieri, power grid group Terna and state lender Cassa Depositi e Prestiti (CDP) to develop wave power stations.The Chief Executive Officers of the companies have signed a non-binding agreement today at the Eni…
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BP Invests $6 Bln in Offshore Azerbaijan Project
The British multinational oil and gas company BP and its partners will lead a $6 billion development of the giant Azeri-Chirag-Deepwater Gunashli (ACG) oil-field complex offshore Azerbaijan.The supermajor said that the Azeri Central East (ACE) project includes a new offshore platform and facilities designed to process up to 100…
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Oil Hits 2019 High
Oil prices jumped more than 2 percent on Monday to a near six-month high, on growing concern about tight global supplies after the United States announced a further clampdown on Iranian oil exports.Washington said it will eliminate in May all waivers allowing eight economies to buy Iranian oil without facing U.S.
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A New York State of Mind
“A new industry is being established in New York, with the primary stimulus being a state-driven procurement process.”New…
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Santos Posts Record Production in Q1
Australia's No.2 independent gas producer Santos Ltd on Wednesday posted record quarterly production, boosted by its acquisition…
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Santos Finds Gas Off Western Australia
Santos announced Tuesday it has confirmed significant gas resource in the Corvus-2 appraisal in the Carnarvon Basin, offshore…
Latest news
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Archer Wins Contract from Chevron
Archer announced Tuesday it has been awarded a contract to provide platform drilling services for Chevron in the UK sector…
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Danos Hires Rousse in VP Role
Oilfield services company Danos said it has named Daryl Rousse as vice president of production services.The announcement…
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NextDecade Receives EPC Bid Packages
NextDecade Corporation, a liquefied natural gas (LNG) development company focused onLNG export projects and associated pipelines…
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Saipem Settles South Stream Dispute
South Stream Transport, which is responsible for the construction and operation of the TurkStream Offshore Pipeline, and…
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Oil Hits 2019 High on U.S. Plan to Tighten Squeeze on Iran
Oil prices jumped more than 2 percent on Monday to a near six-month high, on growing concern about tight global supplies…
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Sonangol Plans to Downsize
Angola's state oil company Sonangol plans to divest 52 joint ventures, reduce staff and focus on its core business, part…
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Halliburton Reports Activity Uptick
Halliburton Co said on Monday a pricing downturn that has plagued the oilfield services sector was bottoming out, as it reported…
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Another LNG FSRU Ship Moors off Bangladesh
Bangladesh's second liquefied natural gas (LNG) storage and regasification vessel has moored off the country's coast, the ship's operator said on the
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BSOG Gets Approval in Offshore Romania
Romanian-based Black Sea Oil & Gas (BSOG), controlled by private equity firm Carlyle Group, said that it received approval…
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Oman LNG Settles $2bln Loan in Advance
Oman Liquefied Natural Gas LLC has announced that it has successfully repaid its US$2 billion loan facility obligation ahead of schedule…
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TechnipFMC Orders Vallourec Pipes for Mero 1
The provider tubular solutions for the energy markets Vallourec Soluçoes Tubulares do Brasil has been awarded by TechnipFMC…
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LNG Prices Nosedive
A mild winter and growing surplus of supply have knocked the legs out from under Asian LNG, with spot prices plummeting more…
Offshore Oil & Gas
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Offshore wind: The making of a (supply chain) star
Wind is “the tech of choice,” the International Energy Agency said recently, just as a new report by the University of Delaware…
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ExxonMobil Wins 3 Blocks Off Argentina
U.S. oil major Exxon Mobil Corp said that its unit and an affiliate of Qatar Petroleum had won three exploration blocks…
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1000 Km of the Nord Stream 2 Pipeline Laid
1000 km of the Nord Stream 2 pipeline has now been laid in the Baltic Sea in Finnish, Swedish and German waters.Two Allseas…
Shale Oil & Gas
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Strikes Impact Shell's Pernis Oil Refinery
Striking workers at Royal Dutch Shell's Pernis plant in the Netherlands have taken offline a thermal gasoil installation…
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Chevron to Buy Anadarko for $33 Bln
Chevron Corp on Friday said it will buy oil and gas producer Anadarko Petroleum Corp for $33 billion in cash and stock in…
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BP Plans to Exit China's Shale Gas
European oil major BP plans to exit from two production sharing contracts (PSC) for projects drilling for shale gas in the…
LNG
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Total to Invest in Novateks LNG Projects
The French oil giant Total intends to buy 10% shares of the transshipment points of liquefied natural gas in Murmansk and Kamchatka…
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Woodside Q1 Revenue Rises 4%
Australia's Woodside Petroleum Ltd on Thursday posted a 4 percent rise in first-quarter revenue on higher realized prices for its oil and gas.Revenue
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Feed Gas Introduced at Cameron LNG
Cameron LNG has begun pipeline feed gas flow to the first liquefaction train of the liquefaction-export project as it prepares…
Renewables
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New Jack Up Fitted with Huisman Crane
Huisman has been awarded a contract for the design, engineering, construction and delivery of the main crane on Jan De Nul’s…
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China, France to Develop OWP Project
China Energy Investment Corporation (CHN Energy) and Électricité de France Group (EDF Group) have signed a deal to jointly…
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Europe Offshore Fleet has 105 Wind Farms
There are now 189 GW of wind energy in Europe, making up 14% of the EU’s power demand. 18.5 GW of this is in Europe’s offshore fleet…
Technology
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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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Ballard Joins H2Ports Project
Ballard Power Systems Europe is providing technology to H2Ports project which will see Valencia’s port in Spain become the…
Legislation
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Swiss, Brazil Try to Unravel Petrobras Affair
Crimefighters in Switzerland and Brazil pledged to intensify cooperation to resolve the sprawling corruption case linked…
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Eni Slander Probe Could Prompt Management Changes
Italy's Eni has carried out internal audits in a slander case relating in part to a Nigeria corruption scandal, and a source with knowledge of the mat
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Brazil, Petrobras Paving Way for Giant Tender
Brazil's government will announce "within days" a deal with state-run oil company Petrobras to settle a multi-billion-dollar…
