Sunday, February 25, 2018

Energy News

U.S. Managing Director of Trader AOT Energy Departs

Lance Perdue, managing director for energy commodities trader AOT Energy Americas in Houston, has left, three sources familiar with the matter said on Friday. It was not immediately clear where he was going.

New Czech Firm to Invest in European Power

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Czech energy investor Pavel Tykac has set up Seven Energy holding company to invest more than 1 billion euros mainly in European power plants fired by fossil fuels, even as many utilities shift their focus to renewables.

RWE Seeks Bigger Market Share in Croatia

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German energy group RWE aims to lift its market share in Croatia to 10 percent, the head of the company's Croatia business said on Friday, adding that the country's energy authorities need…

Dutch Plan to Build Giant Offshore Solar Power Farm

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An offshore seaweed farm in the North Sea will be turned into a large solar power farm that aims to pipe energy to the Dutch mainland in roughly three years. The project comes at a critical time for the Netherlands…

Noble Energy Contract for Schlumberger

Schlumberger today announced the award by Noble Energy of an engineering and supply contract for a two-thousand-ton single-lift process module to be installed on the Leviathan Platform in the Eastern Mediterranean.

Trump Nominee for Key U.S. Energy Post Would Oppose Russia Pipeline

U.S. President Donald Trump (Photo: White House)

U.S. President Donald Trump's nominee for a top State Department energy position said on Thursday he would oppose Russia's proposed natural gas pipeline under the Baltic Sea to Germany - the Nord Stream 2.

Saft forms 'Euro-Alliance' with Siemens, Solvay and Manz

File Image: a typical SAFT energy on board marine energy rack. CREDIT: Saft

French battery maker Saft, part of energy group Total, said on Thursday it had formed an alliance with European partners Siemens, Solvay and Manz to research, develop and build a new generation of batteries.

ETP Eyes New Crude Pipeline from Permian Basin to Nederland, Texas

Photo: ETP

Energy Transfer Partners LP is considering constructing a new crude oil pipeline from the Permian basin in Texas to Nederland, Texas, a company executive said on a fourth-quarter earnings call on Thursday.

U.S. Oil Rig Count Rises for Fifth Straight Week - Baker Hughes

File Image (CREDIT: AdobeStock / (c) Edelweiss)

U.S. energy companies added one oil rig this week, the fifth weekly increase in a row, as oil prices hovered at two-week highs. Drillers added one oil rig in the week to Feb. 23, bringing the total count up to 799…

Merkel Sees No Threat in New Gas Pipe to Russia, Poland Disagrees

Photo: Nord Stream 2

The planned Nord Stream 2 gas pipeline connecting Germany and Russia poses no threat to Europe's energy security, Chancellor Angela Merkel said on Friday, publicly disagreeing with her Polish counterpart.

TransCanada Seeks Okay for LA Cameron Access

File Image (a typical natural gas header and pipeline arrangement) CREDIT: AdobeStock / (c) Pisotsckii

TransCanada Corp's Columbia Gulf Transmission unit on Friday filed with U.S. federal energy regulators to commence service on its Cameron Access natural gas project in Louisiana on March 1.

NuStar, Other Energy Partnerships Simplify Business Models

Photo: NuStar

Some publicly-traded U.S. energy pipeline and oil-storage partnerships are restructuring into simpler business models to help attract new investors and spur growth. Rising oil and gas production…

U.S. Drillers Add Rigs for Fourth Consecutive Week

File Image (CREDIT: AdobeStock / (c) Edelweiss)

U.S. energy companies added oil rigs for a fourth week in a row even though crude pulled back from three-year highs over the past couple of weeks as more drillers boost their 2018 spending plans.

Cyprus to Pursue Gas Exploration Amid Standoff with Turkey

Cyprus said on Wednesday it would press ahead with oil and gas exploration, signalling resolve in a standoff with Turkey over access to potential energy riches after Ankara extended military…

One year On, OPEC Closer to Target Production Cuts

OPEC is closing in on its goal of reducing oil inventories held by industrialised nations to their five-year average, the original target of a supply-cutting pact with Russia and others…

France Eyes Role as Tidal Energy Powerhouse

Photo: OEE

French Secretary of State for the Ecological and Inclusive Transition, Sébastien Lecornu, announced preliminary studies to the launch of a tidal energy tender in Paris yesterday evening.

Aquaterra Appoints Berven

Christian Berven joings Aquaterra Energy as director of business development. Photo: Aquaterra Energy

Aquaterra Energy appointed Christian Berven as Business Development Director, as it strengthens its EMEA operations by opening offices in Stavanger, Norway. The company, headquartered in Norwich…

US Energy Dept Forming Cyber Protection Unit for Power Grids

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The U.S. Department of Energy (DOE) said on Wednesday it is establishing an office to protect the nation's power grid and other infrastructure against cyber attacks and natural disasters.

LNG Market to Suffer From Oversupply Until 2021 - Vitol

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Global prices of liquefied natural gas (LNG) will face pressure from oversupply over the next two to three years, particularly in warmer months, top energy trader Vitol said on Wednesday.

Oil Rebounds on U.S. Inventory Figures, Saudi Comments

File Image (CREDIT: AdobeStock / (c) scanrail)

U.S. crude inventories rise less than expected - EIA. Oil prices rose on Wednesday, rebounding from earlier losses after U.S. crude stocks rose less than expected and Saudi Energy Minister…