World Energy News

Oil prices rise on signs of falling Iranian oil exports

Oil prices rose on Tuesday on signs of falling Iran oil exports ahead of U.S. sanctions against Tehran in November, while geopolitical tensions remain over a missing Saudi journalist.International benchmark Brent crude for December delivery rose 9 cents, or 0.1 percent, to $80.87 per barrel by 0032 GMT.U.S.
Europe Power: Spot Prices Down as Wind Supply Rises

European prompt power prices fell further on Wednesday from high levels, as the prospect of higher wind power supply overrode some thermal plant losses.German baseload power for Thursday delivery dropped by 12.3 percent to 62.3 euros ($72.03) per megawatt hour (MWh). Monday's day-ahead price had been at an 11-month high…
Shell Sells its Danish Upstream Assets for $1.9 Bln

Royal Dutch Shell has agreed to sell its Danish upstream business to Norwegian Energy (Noreco) in a deal valuing the assets at $1.9 billion, as part of its wider divestment strategy, the company said on Wednesday.The sale brings Shell's three-year $30 billion divestment plan close to its conclusion…
Integrated Gas Compression: A Natural Fit for North America

Natural gas abounds in North America. At the end of 2016, Canada and the U.S. shared 414 trillion cubic feet of proved reserves, with the U.S. the world’s largest producer and Canada the fourth largest. Unsurprisingly, there’s a keen appetite for developing LNG facilities across the continent.In recent years…
TOTE Touts 'LNG-as-Fuel' Experience

Build it and they will come mentality serves TOTE well on ‘world first’ LNG ContainershipsAs the marine industry collectively struggles to find solutions to the mounting mandates to cut emissions, U.S. owner TOTE, which broke ground three years ago with the world’s first LNG-fueled containership…

Latest news

Offshore Oil & Gas

Bpifrance, TechnipFMC File Complaint Against Naval Group

French state-owned bank Bpifrance and oil services company TechnipFMC have filed a complaint against Naval Group for willful misrepresentation, a source close to the matter told Reuters, confirming a story in Challenges magazine.The complaint was filed in a Paris tribunal after Naval Group decided to wind down its tidal energy division, in which both Bpifrance and Technip had also invested, Challenges magazine wrote.Naval Group declined to comment.(Reporting by Matthieu Protard and Cyril Altmeye

Shale Oil & Gas

U.S. Crude Stocks Up by 6.5 mln barrels - EIA

U.S. crude stocks rose last week, while gasoline stocks decreased and distillate inventories fell, the Energy Information Administration said on Wednesday.Crude inventories rose by 6.5 million barrels in the week to Oct. 12, compared with analysts' expectations for an increase of 2.2 million barrels.Crude stocks at the Cushing, Oklahoma, delivery hub rose by 1.8 million barrels, EIA said.Refinery crude runs rose by 77,000 barrels per day, EIA data showed.

LNG

Poland's PGNiG Finalizes LNG Deal with U.S.' Venture Global

Poland's dominant gas firm PGNiG has finalised the terms of a deal to buy liquefied natural gas (LNG) from U.S. company Venture Global LNG, part of a move to cut reliance on Russian supply, the company said on Wednesday.PGNiG struck an agreement with Venture Global in June to acquire 2 million tonnes of LNG a year for 20 years, equivalent to 2.7 billion cubic metres of natural gas after regasification.It…

Renewables

Orsted Expands US Business with $510 Mln Acquisition

Orsted, the world's largest offshore wind developer, said on Monday it would buy U.S.-based Deepwater Wind LLC for $510 million as part of its strategy to expand in a major growth market.The still small U.S. offshore wind sector is seen as one of the most important markets outside the core European region, where subsidies that have underpinned the industry since the early 1990s are starting to be wound back.Deepwater Wind, the builder of the only operating U.S.

Technology

Borealis to Invest in Port of Antwerp

The Austrian petrochemical company Borealis has announced that it is to build a new production plant on its existing site in Kallo, in the Antwerp port area.According to a press release, the propane dehydrogenation (PDH) plant will use the very latest technology in terms of sustainable production and energy efficiency. With this initiative the port of Antwerp confirms and reinforces its role as the…

Legislation

Shell Sees Nigeria Corruption Trial Lasting Many Months

Royal Dutch Shell expects a landmark corruption trial over a Nigerian oil deal to last many months, warning staff of continued critical media coverage in the $1.3 billion case, according to an internal memo seen by Reuters.Shell's Legal Director Donny Ching encouraged employees to study an internal web page that the Anglo-Dutch company set up for the case before responding to questions from relatives and friends.Shell and Italian peer Eni are defendants in a Milan bribery trial…

Oil prices rise on signs of falling Iranian oil exports

Europe Power: Spot Prices Down as Wind Supply Rises

Shell Sells its Danish Upstream Assets for $1.9 Bln

Integrated Gas Compression: A Natural Fit for North America

TOTE Touts 'LNG-as-Fuel' Experience

Unmanned Platform Starts Production at Oseberg Vestflanken 2

US Drillers Add Oil Rigs for First Week in Four

LNG Report: Floating Liquefaction & Regasification

Latest news

Carlyle Group Acquires EnerMech from Lime Rock Partners

MEG Energy Rejects Husky's Bid

Eni Wins Offshore Mozambique Block

Steelhead LNG Files Kwispaa Project Description

Total, India's Adani Join Hands in LNG Sector

High-End Seismic Imaging Solves Shallow Gas Challenges

Several US States Likely Withheld from Offshore Drilling Plan

Wintershall CEO Meets Norwegian Prime Minister on Growth Plans

Gulf Marine Services Bags New Contract

Siemens Gamesa Reshuffles Top Management

Cepsa Float Fail Could Jeopardize Other Energy Listings

Mexico's Salina Cruz Refinery Normal After Electrical Accident - Pemex

Offshore Oil & Gas

Bpifrance, TechnipFMC File Complaint Against Naval Group

Scotrenewables Renamed Orbital Marine

Modern Facies Analysis Brings Greater Accuracy to Reservoir Models

Lukoil to Start Oil Production at New Caspian Field in 2023

Shale Oil & Gas

U.S. Crude Stocks Up by 6.5 mln barrels - EIA

Mexico's Salina Cruz Refinery Normal After Electrical Accident - Pemex

Oil Prices Fall Ahead of U.S. Crude Stocks Data

Oil Steady as Saudi Tensions Balance Demand Outlook

LNG

Poland's PGNiG Finalizes LNG Deal with U.S.' Venture Global

Hoegh LNG Vessel to Leave Egypt Before Weekend

Devon Energy Sees Higher US Output in Third Quarter

India's Petronet LNG says Talks to Invest in Qatar Have Slowed

Renewables

Orsted Expands US Business with $510 Mln Acquisition

Belgium's Northwester 2 Wind Project Gets $242 mln EIB Loan

Singapore Funds Green Marine Fuel Program

Japan Transfers Excess Renewable Power Between Regions for First Time

Technology

Borealis to Invest in Port of Antwerp

Anthony Veder, Bunker Connect Pact for ARA Ports

IAPH Audit Tool for Safe, Sustainable LNG Bunkering

New Service for Offshore Blade Inspections

Legislation

Shell Sees Nigeria Corruption Trial Lasting Many Months

Algeria Hopes to Have Energy Law Ready by 2019 - Sonatrach CEO

Mexico Plans to Enforce Odebrecht Fines via Seizure

EU Readies 'Polluter Pays' for Ship Waste

Maintenance Technician/HVAC/AC&R

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