-
Nakilat, Höegh LNG Ink MoU on FSRU project
Nakilat signed a Memorandum of Understanding (MoU) with Höegh LNG, exploring collaboration for Floating Storage and Regasification Unit (FSRU) business as part of its diversification strategy for opportunities and solutions to delivering LNG to the global markets, with FSRU being a leading-edge technology for the liquefied natural gas (LNG) market.
-
Global LNG Deals Set Bullish Tone as Peru Export Halt Tightens Market
Asian spot LNG prices stepped higher this week, shrugging off months of weakness, as Royal Dutch Shell replaced lost output from its Peru plant via spot markets and as a flurry of higher-priced deals surprised traders. Peru's liquefaction plant suspended loadings for several weeks without explanation…
-
FSRUs Provide Better Return Than LNG Carriers - Drewry
Despite falling freight rates for floating storage regasification units (FSRUs), investment returns at current asset prices and charter rates are higher compared with standard LNG vessels, according to the latest edition of the LNG Forecaster report published by global shipping consultancy Drewry.
-
Oil Rises as Falling U.S. Inventories
U.S. crude stocks fell sharply last week; Venezuela risk adds bullish tone. Oil prices firmed on Wednesday, holding near eight-week highs, as a fall in U.S. inventories bolstered expectations that the long-oversupplied market was moving toward balance. Brent crude futures rose 30 cents to $50.50 a barrel by 0959 GMT…
-
Oil Rebounds on Impact of U.S. Crude Drawdown
U.S. crude stocks drop 7.2 million barrels in week - EIA. Oil prices rose to near eight-week highs on Wednesday, with Brent crude futures at over $50 a barrel, as a fall in U.S. inventories bolstered expectations that the long-oversupplied market was moving toward balance. Brent crude…
-
U.S. Sanctions Vens as Pressure Builds on Maduro
The Trump administration imposed sanctions on 13 senior Venezuelan officials as the country's opposition launched a two-day strike on Wednesday…
-
Canada Court Throws Out Permits for Seismic Testing in North
Canada's top court handed aboriginals a partial victory on Wednesday, ruling there was not adequate consultation on plans…
-
Noble in Mercuria Deal as it Cuts Debt, Expenses
Noble agrees to sell U.S. gas and power business to Mercuria. Commodities trader Noble Group announced a dramatic overhaul…
Latest news
-
Proserv Secures Decommissioning Work in Asia Pacific
Energy services company Proserv has been awarded a series of contracts worth around $4m for its well severance, platform…
-
W. Africa Crude-Nigerian Crude Trading Briskly
Trade of West African crude was brisk on Wednesday driven by strong refining margins, particularly for middle distillates in Europe and Asia.
-
Petronas Scraps $29 bln Canada LNG Project
Decision widely expected after long delay, weak prices. Malaysian oil company Petronas has scrapped a proposed C$36 billion…
-
European Shares Rise as Earnings Roll In
Supportive crude prices and strong results from energy firms and auto companies helped European shares rise on Wednesday.
-
TAP Pipeline Appoints New Country Manager for Greece
Trans Adriatic Pipeline (TAP), the end piece of the $40 billion Southern Gas Corridor, has appointed a new country manager for Greece…
-
Oil, Gasoline Stocks Fall Sharply - EIA
U.S. crude stocks fell last week as refineries hiked output, while gasoline stocks decreased and distillate inventories fell…
-
Canada: Aboriginals Adequately Consulted on Enbridge Pipeline
Canada's top court ruled on Wednesday that aboriginals were adequately consulted on changes to an Enbridge Inc oil pipeline…
-
Limits of Analysis on Commitments of Traders: Kemp
Futures and options markets play an increasingly important role in pricing crude oil but little is known about the identity…
-
Gassco Plans Repairs at Kollsnes Gas Plant
Norway's largest gas processing plant, Kollsnes, is expected to return to full capacity before the winter gas season in Europe starts on Oct.
-
Saudi Expanded Gasline to Complete by Year End
Saudi Aramco will complete the first phase of an expansion of the main gas pipeline across Saudi Arabia by the end of this year…
-
Vitol's Asia Middle Distillates Trader to Retire
One of oil trader Vitol's senior middle distillates traders in Asia, Tong En Tong, will retire in August after being with the firm for a decade…
-
Hess Losses Grow as Production Dives
Oil producer Hess Corp reported a bigger loss in the second quarter as the company produced fewer barrels of oil due to a cutback in drilling.
Offshore Oil & Gas
-
Roxtec Bags $1.7 Bln Rampion Wind Farm Deal
International cable seal manufacturer Roxtec has delivered a sealing solution to support a new £1.3 billion ($1.7 billion)…
-
Oil Rises on Saudi Export Cut Pledge
Saudi Arabia to limit exports to 6.6 mln bpd in August; OPEC to tackle some members' compliance with output deal. Oil prices…
-
Pemex: $5 Bln Bond Deal Covers Needs through 2018
Mexico's national oil company Pemex said on Monday that recent bond placements totaling about $5 billion would cover its…
Shale Oil & Gas
-
QEP Resources to Sell Wyoming Natgas Assets
U.S. oil and gas producer QEP Resources Inc said it would sell its natural gas assets in Wyoming to privately held Pinedale…
-
Saudis Curtail Crude Flow to United States
Saudi Arabia is making good on promises to curtail oil shipments to the United States with the likely intention to drain…
-
U.S. Uncompleted Well Backlog Looms over Market
U.S. oil and gas exploration and production companies are drilling new wells faster than they can be fractured and hooked up to gathering systems…
LNG
-
Saipem Looks to Novatek Arctic LNG 2 Participation
Italy's Saipem is likely to get a sub-contractor role in a new project to produce liquefied natural gas (LNG) in the Arctic by Russia's Novatek…
-
Global LNG Deals Set Bullish Tone as Peru Export Halt Tightens Market
Asian spot LNG prices stepped higher this week, shrugging off months of weakness, as Royal Dutch Shell replaced lost output…
-
Qatar Seeks to Open New LNG Markets with Floating Terminals
Qatar Gas Transport Company and Norwegian shipping business Hoegh LNG have embarked on a joint project to open new markets…
Renewables
-
Subsea Industries Introduces Ecolast Coating
Subsea Industries has launched Ecolast, the latest member in its range of coating systems. This product is UltraViolet (UV)…
-
Virgina Offshore Wind Project Moves Forward
An offshore wind project in the U.S. mid-Atlantic is moving forward, as project owner Dominion Energy Virginia has signed…
-
Siemens: At Least Two Turbine Sets Moved to Crimea
Siemens said at least two of four gas-turbine sets it delivered for a project in Russia had been moved to Crimea against its will…
Technology
-
Aquaterra Signs Investment Deal with EV
Aquaterra Energy, a global offshore engineering solutions provider, has secured a multi-million pound investment from EV…
-
LiDAR Technology for Wind Measurement
Wind measurement experts gathered in London claimed that LiDARs have been replacing met masts to become the sole wind measurement…
-
NIMASA Executive Director, 23 Others Bags NSE Fellowship
The Executive Director in charge of Operations in the Nigerian Maritime Administration and Safety Agency (NIMASA), Engineer…
Legislation
-
Halliburton Beats Street on North American Demand
Halliburton Co swung to a quarterly profit that handily beat analysts' expectations, boosted by higher demand for its equipments…
-
Tanker with Disputed Kurdish Oil Reappears off Malta
The Neverland tanker has reappeared off the coast of Malta after going off radar near Canada on June 30, when it was chartered…
-
Encana Smashes Profit Estimates
Canadian oil and gas producer Encana Corp on Friday posted a quarterly profit that handily beat estimates and the company…
