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Lightning Sparks Fire at Hengyuan's Malaysian Refinery
Hengyuan Refining Company Bhd said on Friday that a tank storing crude oil had caught fire at its refinery on the Malaysian west coast.Preliminary investigations show the fire at the Port Dickson refinery was due to a lightning strike, the company said in a statement."The damages…
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NOIA: U.S. Offshore Drilling Ban Would Crush Jobs, Govt Revenues
A U.S. ban on new offshore drilling in the Gulf of Mexico, which presidential hopeful Joe Biden promised to enact if elected, would lead to hundreds of thousands of job losses and billions in lost government revenue over 20 years, an offshore drilling industry group said on Tuesday.The…
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IEA: Global Energy Investment to Plunge 20%
Global energy investment is expected to plunge by around 20% or $400 billion in 2020, its biggest fall on record, because of the new coronavirus outbreak, the International Energy Agency (IEA) said on Wednesday.The Paris-based IEA said this could have serious repercussions for energy…
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Kazakhstan: No Shutdown Planned for COVID-19-hit Tengiz Field
Kazakhstan has no plans to shut down oil production at its biggest oilfield, Tengiz, despite the novel coronavirus outbreak among its workers, the Central Asian nation's energy minister said on Wednesday.Kazakhstan's chief sanitary doctor said last week the field's operator, Chevron-led Tengizchevroil…
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Seafox Drops Takeover Pursuit of GMS
Dutch jack-up services company Seafox has ended its pursuit to acquire rival Gulf Marine Services.After it in April floated an idea about the possible takeover of GMS, the GMS board rejected the plan deeming the move opportunistic, valuing the company's equity "at only US$32 million…
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China to Boost Energy Reserve Capacity, Support Unconventional Gas Exploration
China said on Friday it will bolster the capacity of the country's energy reserves and offer lower gas and electricity charges to key industries…
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US Grants Royalty Relief to Hard-hit Drillers
The Trump administration has granted royalty relief to several drilling companies producing oil and gas on federal lands in recent weeks…
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Price Drop Triggers Haggling Over Oil and Gas Deals
The collapse in oil prices to 21-year lows has led potential buyers of oil and gas fields to try and renegotiate deals already…
Latest news
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Seastar Wind Farm Connected to Elia's MOG
Belgium’s high-voltage transmission system operator Elia has informed said that the connection of the Seastar offshore wind…
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Two Iranian Tankers Sail Back After Venezuela Delivery
Two Iranian tankers that delivered fuel to Venezuela as part of a five-vessel flotilla have begun to sail back, according to Refinitiv Eikon…
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Lebanon Postpones Offshore Licensing Round Again
Lebanon has again postponed the deadline for the submissions of applications for its second offshore licensing round, citing…
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Flurry of US Crude Export Fixtures Offers Slimmer of Hope
A flurry of tentative bookings to export U.S. crude oil from the Gulf Coast suggests demand is edging up after the coronavirus…
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Norway Earmarks $369M for Green Industry Investments
The Norwegian government proposes spending 3.6 billion Norwegian crowns ($369 million) on investments to make its economy…
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Oil Drops but Still Set for Biggest Monthly Gain in Years
Oil prices were dragged sharply lower on Friday by weak U.S. fuel demand, fears of a second wave of coronavirus cases in South Korea…
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Melbana Gets More Time for Find Beehive Drilling Partner
Australian oil and gas company Melbana Energy has been given more time to work on its Beehive offshore prospect in the Bonaparte Basin off W.
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Norway Raises Spending from Oil Fund to $44B in 2020
Norway's government has further raised its projected 2020 spending from the country's sovereign wealth fund to 424.6 billion…
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Pertamina to Develop Cilacap Refinery without Saudi Aramco
Indonesia's PT Pertamina will develop its Cilacap refinery in Central Java "independently", the state energy company said on Friday…
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Deme Offshore Joins Neptune's Hydrogen Project
Offshore installation contractor Deme Offshore has joined Neptune Energy's PosHYdon pilot, the world’s first offshore green hydrogen project…
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US Proposal Would Allow Oil and Gas Drillers to Delay Royalty Payments
The U.S.
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Gastech Postponed for 2021
Gastech, one of the world's largest gas, LNG and energy industries events has been postponed for 2021 due to the COVID-19…
Offshore Oil & Gas
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Norway: OMV Gets NPD Nod for Hades Drilling
Austrian oil and gas firm OMV has been granted a permit for the drilling of the offshore well 6506/11-12 S in the Norwegian…
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Northern Offshore Services, SEA O.G Form CTV JV for U.S. Offshore Wind Space
Northern Offshore Services (N-O-S) and SEA O.G have entered into an agreement to provide marine services and CTV operations…
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Atlantic Wind Transfers' CTV for Dominion's U.S. Offshore Wind Farm
Quonset Point, Rhode Island-based Atlantic Wind Transfers has secured its second long-term O&M Crew Transfer Vessel contract…
Shale Oil & Gas
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U.S. Oil Firms' Quarterly Reports to Show Depths of Slump
Investors are in for more bad news on the energy front in the coming weeks as a host of the sector's biggest companies report…
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Trump Calls for Plan to Give Money to U.S. O&G Industry
U.S. President Donald Trump called on the federal government to come up with a way to pay out the U.S. oil and gas industry on Tuesday…
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Oil Price Crash, What Next?
A historic rout in oil markets sent U.S. crude prices plummeting to as much as minus $40 a barrel as traders rushed to get…
LNG
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US LNG Exports Drop More Than a Third
U.S. liquefied natural gas exports are down by more than a third since governments started imposing lockdowns to stop the…
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Qatar Petroleum to Cut Spending by 30%
Qatar Petroleum will slash its spending by around 30% this year in the face of the sharp drop in oil and gas prices due to the coronavirus epidemic…
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Total Secures $14.4 Bln Funding for Mozambique LNG
French energy major Total has secured $14.4 billion funding for its Mozambique liquefied natural gas project in Mozambique…
Renewables
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RWE, Kyuden Mirai in Japan Offshore Wind Pact
RWE Renewables Japan, a Japanese branch of Germany's RWE Renewables, and Kyuden Mirai Energy Company, a Kyushu Electric Power company, have signed a J
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European Energy Wins Approvals for Two Offshore Wind Farms in Denmark
Renewables developer European Energy A/S has received the approval of its environmental impact assessments (EIA) for two…
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Tekmar Boosts U.S. Offshore Wind Presence
Tekmar Group, a UK-based offshore services provider, has announced the involvement of its operating companies; Ryder Geotechnical…
Technology
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Alphabet Winds Down Makani
Alphabet, Google's parent company, announced that it is calling it quits on its efforts to build and monetize its Makani…
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CMA CGM Joins Energy Observer in Hydrogen Project
French shipping giant CMA CGM is joining forces with Energy Observer within a project focusing on testing the potential of…
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Toshiba Delivers Fuel Cell System to Ship
The provider of energy industry solutions Toshiba Energy Systems & Solutions Corporation (Toshiba ESS) announced that the…
Legislation
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Sembcorp Begins Proceedings Against Hin Leong Affiliate
Sembcorp Industries on Monday said its Sembcorp Cogen unit had begun legal proceedings to assert ownership over some gasoil…
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BP Issues Force Majeure Notice for Golar FLNG Unit
Golar LNG Ltd said on Tuesday that it received a force majeure notice from a BP Plc unit seeking to delay taking delivery…
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Ransomware: The IT Danger on the Horizon
Two decades into the 21st century, we’re seeing a growing and pernicious threat to global information security: ransomware.
