World Energy News

Cimarex to Buy Resolute Energy in $1.6 Bln Deal

Oil and gas producer Cimarex Energy Co said on Monday it would buy smaller rival Resolute Energy Corp in a deal valued at $1.6 billion, including debt, adding more assets in the shale-rich Permian Basin.The region has seen several deals as bigger producers add more assets, allowing them to negotiate better with oilfield services…
Oil Markets Face Unprecedented Uncertainty

Oil markets are entering an unprecedented period of uncertainty due to geopolitical instability and a fragile global economy, the head of the International Energy Agency said on Tuesday.Concerned about an emerging production overhang similar to the one that led to a price slump in 2014…
Philippine Senators Ask Duterte to Disclose China Energy Plan

Philippine opposition senators have demanded President Rodrigo Duterte reveal details of joint energy exploration plans with China, warning such a deal risked affirming Chinese territorial claims that are not recognized under international law.Early this year, the two countries set…
China CNOOC receives first LNG shipment from Russia's Yamal project

China National Offshore Oil Co, or CNOOC, offloaded a liquefied natural gas (LNG) cargo on Nov. 11 shipped from Yamal, first of its kind the Chinese firm received from the Russian Arctic gas project, CNOOC said on its website on Tuesday.The cargo, purchased from Russian firm Novatek…
First LPG Shipped from Ichthys Project

Japan's Inpex Corp said it had sent the first liquefied petroleum gas (LPG) shipment from its giant Ichthys project in Australia.The LPG vessel Hellas Gladiator departed the onshore liquefaction plant at the Ichthys LNG Terminal in Darwin, the company said in a statement late on Friday.

Latest news

Offshore Oil & Gas

SBM Offshore Wins AIP for Wind Floater Design from ABS

The classification society American Bureau of Shipping (ABS) has issued an Approval in Principle (AIP) to Dutch-based SBM Offshore for its proprietary wind floater design.The global provider of floating production and mooring systems (FPSO) said that the wind floater is a TLP concept and has been designed for the full life cycle, including in-place conditions, as well as wet tow with the wind turbine installed…

Shale Oil & Gas

Oil Drops 4 pct as Equities Slide Sparks Demand Worries

Oil prices fell about 4 percent on Tuesday, with U.S. crude plunging to its lowest in over a year, caught up in Wall Street's broader selloff fed by growing concerns about slowing global growth.U.S. West Texas Intermediate (WTI) crude futures were at $54.72 per barrel, down $2.48, or 4.3 percent by 11:14 a.m. EST (1614 GMT). The contract fell as much as 6.2 percent earlier in the session to $53.63 a barrel, the lowest since October 2017.So far in the session, more than 585,000 U.S.

LNG

Equinor Eyes More Russian Gas to Europe

Russian gas deliveries to northwest Europe will likely continue to grow in the time ahead, Norwegian oil and gas producer Equinor told an investor conference on Tuesday.In the third quarter, Russian deliveries to the region expanded to 59 billion cubic meters from 50 bcm in the same period of 2017, the company added.(Reporting by Lefteris Karagiannopoulos, editing by Terje Solsvik)

Renewables

Equinor Makes Solar Energy Push

Norway's Equinor has bought a 9.7 percent stake in renewable energy producer Scatec Solar, raising its ownership to 10 percent, the state-controlled energy firm said on Thursday."The investment in Scatec Solar will increase Equinor’s exposure to a fast growing renewable sector, further complementing Equinor's portfolio with profitable solar energy," Equinor said in a statement."This is in line with our strategy to develop into a broad energy company," it said.It paid 700 million Norwegian crowns

Technology

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 maritime administrations and classification societies play their part in an ambitious scheme to collect fuel consumption data from ships.The data collected will provide vital information to support IMO’s global efforts to reduce greenhouse gas emissions from international shipping.

Legislation

US warns sanctions still an option against Nord Stream 2

The United States could yet impose new sanctions to try to block construction of the Russian Nord Stream 2 gas pipeline across the Baltic Sea to the European Union, the U.S. ambassador to the EU said on Tuesday.Asked if Donald Trump could take further measures to thwart a project which the president has said would leave EU countries even more beholden to Moscow for their energy, Gordon Sondland said…

Cimarex to Buy Resolute Energy in $1.6 Bln Deal

Oil Markets Face Unprecedented Uncertainty

Philippine Senators Ask Duterte to Disclose China Energy Plan

China CNOOC receives first LNG shipment from Russia's Yamal project

First LPG Shipped from Ichthys Project

Woodside Inks 20-year Gas Supply Deal

Atlantic Canada Oil Spill Caused by Weak Flowline Connection

Ineos to Buy ConocoPhillips North Sea Assets

Latest news

Oil Slumps 7 Percent

Equinor Plans More International Wells

Poland Sees First Nuclear Power After 2030

Total Signs MoU on LNG Project

TurkStream Gas Conduit Offshore Section Complete

Novatek in Nyakhartinskoye Field Gas Find

North Sea Crude: Forties Falls to Three-year Low

Turkey Warns Against Energy Exploration with Greek Cypriot Govt

Bangladesh Resolves FSRU Issues

Delek Drilling to Spin Off Tamar Stake

Castello Branco Named Petrobras CEO

Offshore Part of TurkStream Complete

Offshore Oil & Gas

SBM Offshore Wins AIP for Wind Floater Design from ABS

Georgia Bullish on Offshore Natural Gas and Oil Reserves

SBM Offshore: $45 Mln in Extra Impairments in Q3

Angola Battles to Revive Oil Exploration

Shale Oil & Gas

Oil Drops 4 pct as Equities Slide Sparks Demand Worries

Oil Slips as Pessimism Over Supply Resurfaces Despite OPEC Pledge

QEP Resources to Sell O&G Assets to Aethon Energy

​Most of Nord Stream 2 Project to be Paid for by 2019 - OMV CEO

LNG

Equinor Eyes More Russian Gas to Europe

Posti to Use LNG Vehicles

BIMCO Eyes Asia with New Gas Contracts

MOL Tabletop Drill Focuses on LNG Carrier Safety

Renewables

Equinor Makes Solar Energy Push

Tajikistan Starts Up First Turbine in Dam Set to be World's Tallest

COWI Expands in US Offshore Wind Energy

North Sea Port Opens Netherlands' Largest Solar Park

Technology

Training on Ship Fuel Data Collection in China

Eco Marine Power, ClassNK to Collaborate

VeChain Inks Blockchain Deal for Chinese LNG Solution

Tidal Developer Collaboration to Tackle Foundation Mooring

Legislation

US warns sanctions still an option against Nord Stream 2

China Names CNPC Exec Top Energy Official

Petrobras Resubmits Agreement with CNPC

Saudi Aramco CEO says IPO will 'certainly' happen

Steward Cook WM

Ship Communications Officer (IAM)

First Radio Electronics Technician

Chief Radio Electronics Technician

Chief Radio Electronics Technician

Press Releases

Ontario Energy Association recognizes outstanding industry achievements with the 2018 OEA ENERGYAWARDS

Internet of Things Company, Seluxit, Prepares Listing on Nasdaq

Velvet Energy and Iron Bridge Resources Announce Successful Tender and Take-up of 81.98% of Iron Bridge Common Shares

Most of Nord Stream 2 Project to be Paid for by 2019 - OMV CEO