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Murphy Oil Sells Malaysian Assets
Murphy Oil Corp said on Thursday it is exiting Malaysia with the $2.13 billion sale of its oil and gas assets to a Thai company and will use the deal proceeds to pay down debt, buy back shares and fund potential deals in the United States.The buyer, PTT Exploration and Production Public Co Ltd…
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The Decommissioning, Marine Life Connection
Data sharing and better understanding of how marine life interacts with manmade structures is the target for the next phase of the Insite program.What to do with offshore structures is a sticky problem for oil companies, regulators and policy makers alike, as many structures are starting to cease production in the North Sea…
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First Condensate Cargo Shipped from Prelude
Royal Dutch Shell on Monday said it had shipped the first condensate cargo from its Prelude floating liquefied natural gas (FLNG) project off northwestern Australia over the weekend."We can confirm that the first shipment of condensate has sailed from the Shell-operated Prelude FLNG facility.
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MAN ES Invests in Hydrogen
MAN Energy Solutions is acquiring 40 percent of the shares of the electrolysis technology company H-TEC SYSTEMS. A contract confirming the partial acquisition was signed in Augsburg by Dr. Uwe Lauber, CEO of MAN Energy Solutions, and Ove Petersen and Heinrich Gärtner, executive managers of the GP JOULE Group.
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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 contract dispute and clear the way to auction billions of barrels of oil off of the Brazilian coast, a minister said on Monday.Economy Minister Paulo Guedes…
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GoM Lease Bids Hit $244mln
Oil and gas Lease Sale 252 generated $244.3 million in high bids for 227 tracts covering 1,261,133.85 acres in federal waters…
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Oil Majors Rush to Dominate US Shale
In New Mexico's Chihuahuan Desert, Exxon Mobil Corp is building a massive shale oil project that its executives boast will…
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US Lease Sale a Test for Drilling Demand
The Trump administration will hold its fourth major auction for oil and gas leases in the U.S. Gulf of Mexico on Wednesday…
Latest news
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Oil Rises 2 Percent
Oil rose nearly 2 percent on Tuesday as attention centered on geopolitical factors tightening supplies that are leading to…
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Saudi Aramco, McDermott Plan New Facility
Saudi Aramco on Tuesday signed a land lease agreement with McDermott Arabia Company to establish a facility for large scale…
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Petrobras, Açu Petróleo Sign for Ship to Ship Operation in Port of Açu
Petrobras and Açu Petróleo (a partnership of Prumo Logística and Oiltanking) signed a contract to carry out ship to ship…
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Nordex Gives Strong Sales Outlook
Wind turbine maker Nordex on Tuesday forecast higher-than-expected sales for the current year, pushing its shares up 5.6 percent in early trade.The gr
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Shell Starts Exploratory Drilling off Bulgaria
Royal Dutch Shell said on Tuesday it will start drilling an exploration well in a block off Bulgaria's Black Sea coast next…
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IMO 2020: Exxon Mobil Projects 25% Decline in High-Sulfur Fuels
Exxon Mobil Corp expects high-sulfur fuel oil demand to fall 25 percent by 2025, as a new set of emission regulations from…
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Van Oord, SGRE Win Windpark Fryslân Job
The consortium of Van Oord and Siemens Gamesa Renewable Energy (SGRE) has signed a conditional contract to build the Windpark…
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Oil Prices Near Flat
Oil prices were little changed on Monday as investors shrugged off fears of a global economic slowdown and focused on the…
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Schlumberger to Avoid New Field Management Work
Oilfield services firm Schlumberger will stop taking new field management contracts that have been criticized as requiring heavy upfront investments w
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US Buyers Turn to Offshore Crude
U.S. sanctions on Venezuela's oil industry have made winners out of Royal Dutch Shell Plc and BP Plc, Gulf of Mexico offshore heavyweights…
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Flex LNG Bags Charter Deal
UK-based Flex LNG has entered into a time-charter agreement with an international energy major for one of its liquefied natural…
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TX Refineries Cut Output as Spill Curbs Shipping
Royal Dutch Shell Plc and LyondellBasell Industries cut production on Monday at their Houston-area oil refineries because…
Offshore Oil & Gas
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Norway Oil Exploration Refunds Are Not State Aid -ESA
Norway's regulations allowing oil and gas companies to claim refunds for exploration spending do not constitute state aid…
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Tennet: EIA for Offshore Wind Farm
Tennet has commissioned Arcadis and Pondera to carry out an environmental impact assessment (EIA) work and permit applications…
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Seismic Shoot Offshore South Africa Begins
Africa Energy Corp., an oil and gas company with exploration assets offshore South Africa and Namibia, has announced the…
Shale Oil & Gas
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Sinopec to Develop Weirong Shale Gas Field
Sinopec Corp, China's biggest shale gas operator, said on Monday it plans to develop a new field this year able to produce…
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US Rig Cuts Continue
U.S. energy firms this week reduced the number of oil rigs operating for a fifth week in a row to its lowest in nearly a…
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Mexico to Invite 4 Firms to Bid on Pemex Oil Refinery
The Mexican government will invite four companies to bid in a restricted tender for work building the new Dos Bocas refinery…
LNG
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Cyclone Halts Production off W. Australia
Australia's Woodside Petroleum said on Monday it had evacuated all personnel from offshore production platforms off Western Australia ahead of Cyclone
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Anadarko Mulls 16 LNG Charters for Mozambique
Anadarko said on Thursday it would seek long-term charters for around 16 liquefied natural gas (LNG) tankers it would need…
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Polish LNG Terminal Gets EU Grant
Poland’s LNG import terminal in Świnoujście will receive a EUR128mln grant from from the European Regional Development Fund…
Renewables
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Shell Bids to Build Dutch Offshore Wind Farms
Royal Dutch Shell has teamed up with energy company Eneco and builder Van Oord in a bid to build two wind farms in the Dutch part of the North Sea, th
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Partners Group invests in Greenlink
Private markets investor Partners Group has provided equity financing for the 500-MW Greenlink interconnector, the subsea…
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VA Offshore Wind: A Strong Foundation
Virginia officials have established a well-planned, extensive strategy to build out an offshore wind industry, including…
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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Brazil Likely to Pay Petrobras $10 Bln
The Brazilian government is likely to pay around $10 billion to state-run oil firm Petroleo Brasileiro SA to settle the so…
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Orsted Seeks Ways to Avoid Brexit Tariffs
Denmark's Orsted is looking at ways to avoid potential tariffs on imports of components for its multi-billion pound British…
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Ven's Blackout Halts Oil Exports From Primary Port
Venezuela's state-run oil firm PDVSA has been unable to resume crude exports from its primary port since last week's massive power outage…
