Tuesday, November 20, 2018

Americas News

Fugro Sells Seep Data Before Canadian Offshore Bidding

High-resolution bathymetric data acquired by Fugro, draped over pre-existing, publicly available GEBCO data for comparison (Image: Fugro)

Fugro and partner Amplified Geochemical Imaging (AGI) have reported recent success selling licenses for data from a frontier region offshore Canada. The data were acquired during a hydrocarbon seep survey…

Versalis, Petrochem JV for O&G Industry in Middle East

Image: ENI

Versalis, the Eni chemical company, Petrochem and Mazrui Energy Services have signed an agreement to establish Versalis Petrochem Mazrui (VPM), a joint venture for the commercialization of innovative chemicals…

Saudi Refinery Exports First Gasoline Barrels to U.S.

A refinery in Saudi Arabia has shipped its RBOB gasoline to the United States for the first time, a potential precursor for more deliveries to a region where prices are currently at seasonal three-year highs.The 400…

OPITO Appoints Cullens as Director of Strategic Development

Mark Cullens (Photo: OPITO)

OPITO, a global, not-for-profit skills body for the energy industry, has appointed Mark Cullens to the new role of director of strategic development.Cullens, who joins from Petrofac Training Services where…

Rolls-Royce, TSK to Deliver Five Power Plants

Photo: Rolls-Royce

A consortium comprising EPC contractor TSK and Rolls-Royce has signed an engineering, procurement and construction (“EPC”) contract with Prime Energía Quickstart Spa, a subsidiary of Prime Energia SpA (“Prime Energía”)…

Carlyle Group Acquires EnerMech from Lime Rock Partners

 Image: EnerMech

Global alternative asset manager The Carlyle Group announces that it has agreed to acquire EnerMech Group Ltd, an international services company providing critical asset support to the energy, infrastructure and industrials sectors…

Enestas Boosts SEA\LNG’s Presence in Americas

Image: SEA\LNG

SEA\LNG, the multi-sector industry coalition aiming to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel, announced that it has welcomed Mexico-based LNG company Enestas to…

Quadrise Fuels Signs MoU with Freepoint Commodities

Image: Quadrise Fuels International plc

Fuel oil technology firm Quadrise Fuels International said it had signed a non-binding memorandum of understanding with commodities trader Freepoint Commodities to provide commercial opportunities for its…

Wison Wins FEED Contract for Canadian FLNG Project

Last year, Wison Offshore & Marine delivered the Caribbean FLNG on an EPC basis after liquefaction performance testing for the facility in its yard in China. (Photo: Wison)

Wison Offshore & Marine announced it has been awarded a contract to carry out front-end engineering design (FEED) for a proposed floating liquefied natural gas (FLNG) project sited in British Columbia, Canada.Wison…

Ultra Petroleum Appoints David Honeyfield as CFO

Map: Ultra Petroleum

Ultra Petroleum informed that David Honeyfield has been appointed to serve as CFO of the gas producer with assets in Wyoming’s Green River Basin.A press release from the energy company engaged in domestic natural gas and oil exploration…

U.S. Considers Venezuela Oil Sanctions

© Stanislav/Adobe Stock

The Trump administration is considering sanctioning a Venezuelan military-run oil services company and restricting insurance coverage for Venezuelan oil shipments to ratchet up pressure on socialist President Nicolas Maduro, a U.S. official said.

US Seaborne Oil Exports at All-time High

File Image (CREDIT: AdobeStock / (c) Jose Gill)

Following a seasonal surge in December 2017, the US seaborne export of oil products (materials derived from crude oil) reached the highest annual level ever, in terms of volume and tonne miles demand. An increase in volume…

North American Energy IPOs Set to Rebound in 2018

File Image: Credit DSM

Higher oil prices and a positive earnings outlook for energy companies are expected to fuel a rebound in North American oil and gas initial public offerings in 2018, with bankers betting investors will remain…

BP Selects McDermott, BHGE for Subsea Contracts

Photo: McDermott International, Inc

McDermott International and Baker Hughes (BHGE), a GE company  announced the selection of front-end engineering design (FEED) studies in advance of a substantial engineering, procurement, construction and…

US LNG Firms Lament Bad Timing of Tariffs, China Trade Spat

The Trump administration's planned steel tariffs and a potential trade battle with China could hurt U.S. liquefied natural gas companies just as a new wave of developments in the fast-growing market is gaining steam, company executives say.

CNPC sells 1st Americas Gasoline Cargo

Chinese state energy giant CNPC said on Tuesday it has sold its first ever gasoline to the Americas, with a 35,000-tonne cargo setting sail for the Bahamas on March 30, the latest sign that a fuel glut in China is growing.

Fleet Storing Gasoline off Europe's Coast Growing

© Dale Stagg / Adobe Stock

Gasoline stored in ships off Europe's coast has ballooned to more than 400,000 tonnes, putting pressure on the continent's traders to compete for buyers once summer demand starts. Several vessels have joined…

OPEC Sees Higher 2018 Supply from Rivals, Stronger Demand

OPEC on Thursday revised its forecast for supply growth from its rivals for 2018 by nearly three times more than its revised projection of growth in global oil demand. It said growth in non-OPEC oil supply was forecast to rise by a further 80…

OPEC: Oil Markets Tightening Even as U.S. Shale Booms

File Image (CREDIT: AdobeStock / © Edelweiss)

The global oil stocks surplus is close to evaporating, OPEC said on Thursday, citing healthy energy demand and its own supply cuts while revising up its forecast for production from rivals who have benefited from higher oil prices. U.S.

New Consortium for Offshore Decommissioning

(Image: Ardent)

A new global oil and gas decommissioning consortium launched today sets out to bring a collaborative supply chain approach, offering an end-to-end solution to reduce the decommissioning burden, risk and cost for operators.The consortium…