Tuesday, November 20, 2018

Energy News

Ineos to Buy ConocoPhillips North Sea Assets

North Sea. Image: ConocoPhillips

Britain's richest man Jim Ratcliffe's oil and gas company Ineos Group Holdings is in exclusive talks with ConocoPhillips to buy North Sea oil and gas fields worth $3 billion from the U.S.

TurkStream Gas Conduit Offshore Section Complete

Pioneering Spirit pipelaying vessel. Photo: Information Directorate, Gazprom

The pipe-laying vessel  Pioneering Spirit pipelaying vessel completed the construction of the offshore section of the TurkStream gas pipeline in the Black Sea. The TurkStream pipeline will…

Construction Begins at Galloper Offshore Wind Farm

Photo: Galloper Offshore Wind Farm

A ground-breaking ceremony was held at Harwich International Port, North Sea seaport in Essex, to mark the official start of construction of the GBP 10 million operations & maintenance…

Eagle LNG Receives Draft EIS

Pic: Eagle LNG

Eagle LNG, a wholly owned subsidiary of Ferus Natural Gas Fuels, informed that the United States Federal Energy Regulatory Commission (FERC) granted the company their draft environmental…

McDermott Bags Petrobras Contract

Image: McDermott

McDermott International announced a large contract award by Petrobras for a natural gas pipeline project in support of the client’s Santos basin pre-salt field program.The contract covers…

Engie to Buy Gas from Romania's Black Sea Oil & Gas

Image: Black Sea Oil & Gas SRL

Romanian based independent oil and gas company Black Sea Oil & Gas together with its co-venture partners, Petro Ventures Resources and Gas Plus International, announced the signing of the…

GE Teams with Catapult to "Stay Ashore!"

Image: Catapult

GE Renewable Energy and the UK's Offshore Renewable Energy (ORE) Catapult have announced a $11 million four-year research partnership aimed at minimizing the time people have to spend offshore…

Portugal, Morocco Seek Power Link

Portugal and Morocco will invite bids to build an undersea electricity cable linking the two countries after technical and financial feasibility studies are completed in early 2019, a senior…

Oil Slips as Pessimism Over Supply Resurfaces Despite OPEC Pledge

© raven / Adobe Stock

Oil fell on Monday, surrendering earlier gains as investors weighed up the effectiveness of a potential cut in supply from OPEC and possibly other exporters in the face of rapidly rising…

Cimarex to Buy Resolute Energy in $1.6 Bln Deal

© Calin Tatu / Adobe Stock

Oil and gas producer Cimarex Energy Co said on Monday it would buy smaller rival Resolute Energy Corp in a deal valued at $1.6 billion, including debt, adding more assets in the shale-rich…

QEP Resources to Sell O&G Assets to Aethon Energy

(Photo: QEP Resources)

QEP Resources Inc said on Monday it will sell its oil and gas assets in the Haynesville-Cotton Valley in northwest Louisiana to Aethon Energy Management LLC for $735 million, as it plans to become a pure-play Permian operator.The

Delek Drilling to Spin Off Tamar Stake

Tamar Platform (Photo: Albatross Aerial Perspective Ltd. / Delek Drilling)

Israel's Delek Drilling is looking to spin off its remaining 22 percent stake in the offshore Tamar gas field in 2019, the company's chief executive said on Monday.Last year Delek spun…

Russia's Novak Plans to Sign OPEC Partnership Deal

Russian Energy Minister Alexander Novak said on Monday that the country was planning to sign a partnership agreement with the Organization of the Petroleum Exporting Countries (OPEC) and that it would be discussed at OPEC's Decemb

Turkey Warns Against Energy Exploration with Greek Cypriot Govt

© twixx / Adobe Stock

Turkey warned energy companies on Sunday against working with the Greek Cypriot government in carrying out exploratory drilling in the eastern Mediterranean, saying such activities could…

Poland Sees First Nuclear Power After 2030

© Martin Vonka / Adobe Stock

Poland expects its first nuclear power plant to start operating after 2030 as the country aims to cut its use of coal in producing electricity, Deputy Environment Minister Michal Kurtyka said.The east European country…

Oil Markets Face Unprecedented Uncertainty

Fatih Birol (Photo: IEA)

Oil markets are entering an unprecedented period of uncertainty due to geopolitical instability and a fragile global economy, the head of the International Energy Agency said on Tuesday.Concerned…

Atlantic Canada Oil Spill Caused by Weak Flowline Connection

A weak connector on an underwater oil flowline caused a spill during a fierce Atlantic storm last week off the coast of Canada's Newfoundland & Labrador, Husky Energy Inc said on Tuesday.The…

Philippine Senators Ask Duterte to Disclose China Energy Plan

© hassry4088 / Adobe Stock

Philippine opposition senators have demanded President Rodrigo Duterte reveal details of joint energy exploration plans with China, warning such a deal risked affirming Chinese territorial…

Oil Drops 4 pct as Equities Slide Sparks Demand Worries

© IRC / Adobe Stock

Oil prices fell about 4 percent on Tuesday, with U.S. crude plunging to its lowest in over a year, caught up in Wall Street's broader selloff fed by growing concerns about slowing global growth.U.S.

Oil Slumps 7 Percent

© Pavel Ignatov / Adobe Stock

Oil prices tumbled about 7 percent on Tuesday, with U.S. crude plunging to its lowest level in more than a year, caught in a broader Wall Street selloff that was fed by rising concerns about slowing global economic growth.U.S.