Tuesday, July 17, 2018

Oil And Gas News

U.S. Motorists React to Rising Pump Prices: Kemp

File Image (CREDIT: AdobeStock / © disq)

U.S. traffic volumes are levelling off in a sign the previous stimulus from cheap gasoline prices is fading as pump prices rise. The volume of traffic on U.S. roads was down by almost 0.6 percent in April compared with the same month a year earlier…

Italy's Eni Aims for Oil Industry First with Carbon Neutral Goal

Italian oil major Eni will make a binding commitment to becoming carbon neutral, its chief executive Claudio Descalzi said on Monday.Descalzi said Eni's "epochal" announcement on how it planned to reach its goal would be made by the end of the year…

Tullow to Pay Seadrill $254 mln Over Ghana Dispute

Photo courtesy of Seadrill

A London judge ordered Tullow Oil to pay rig owner Seadrill around $254 million saying Tullow was wrong to end a rig contract in Ghana on grounds of force majeure over a maritime dispute, Tullow said on Tuesday.Tullow cancelled the contract…

Dräger Appoints Murray to Senior Management Team

Dräger UK Managing Director Mike Norris (right) welcomes Kelly Murray at the company’s Aberdeen base (Photo:BIG Partnership)

Dräger Safety UK has appointed Kelly Murray as general manager of its North Sea operations base in Aberdeen. Murray, who has more than 20 years’ experience in operations, engineering and project management in oil and gas, believes Dräger’s…

China Keeps LNG off Tariff List - for Now

file Image: a typical LNG carrier laden with cargo crosses the Med in a recent photo (CREDIT: Robert Murphy)

China embroiled in festering trade dispute with United States even as Chinese imports of U.S. LNG expected to surge -Morgan Stanley. China's omission of liquefied natural gas (LNG) from its vast list of U.S. products that face hefty…

Shell CEO: "foolhardy" to Set Carbon Reduction Targets

BP CEO Bob Dudley (CREDIT BP PLC)

CEO says a target will expose Shell to lawsuits; BP has also taken cautious approach on targets. Royal Dutch Shell's boss said it would be "foolhardy" for the oil and gas producer to set hard targets to reduce carbon emissions as it risked exposing the energy giant to legal challenges.

Union Workers Strike at Total's North Sea Oil Platforms

File Image (CREDIT: AdobeStock / © xmentoys)

Britain's largest labour union, Unite the Union, announced series of 24 hour and 12 hour rig worker strikes at Total's North Sea oil and gas platforms, a statement said on Thursday. There will be three 24 hour stoppages on July 23 and Aug.

Energean asks Cyprus to Import Israeli Gas via New Pipeline

© suradech/ Adobe Stock

Energean is seeking approval from Cyprus for the Greek oil and gas firm to build a pipeline from its Israeli offshore gas fields and import 0.5 to 1 billion cubic metres of gas a year to the island, Energean's chief executive said on Thursday.Energean…

Equinor Acquires Energy Trader Danske Commodities

CEO Henrik Lind (left), Danske Commodities, and Tor Martin Anfinnsen, senior vice president, Marketing & Supply in Equinor. (Photo: Thomas Priskorn / PRISKORN)

Norwegian oil and gas major Equinor, formerly Statoil, is acquiring the Danish energy trading company, Danske Commodities for EUR 400 million (USD 470 mln). "Equinor has reached agreement to buy 100% of the shares in Danish energy trading…

Hardide Coatings Invests in North America

Mark Hanania, Business Development Engineer, Hardide Coatings (Photo: Hardide Coatings)

Surface coating technology company Hardide Coatings has appointed Mark Hanania as Business Development Engineer based in Houston to help drive growth in the oil, gas and energy sectors throughout North America.Strong growth in demand…

Equinor Acquires Danske Commodities

CEO Henrik Lind (left), Danske Commodities, and Tor Martin Anfinnsen, senior vice president, Marketing & Supply in Equinor. (Photo: Thomas Priskorn / PRISKORN)

Equinor has reached agreement to buy 100% of the shares in Danish energy trading company Danske Commodities (DC) for EUR 400 million, with smaller contingent payments depending on DC’s performance over the next couple of years. This…

Liftboat Milaha Explorer Deployed off West Africa

The Milaha Explorer crew following deployment off the coast of West Africa (Photo: Milaha)

Qatar-based maritime and logistics conglomerate Milaha said its liftboat Milaha Explorer has been deployed off the coast of West Africa as part of a long-term charter with a major international oil company.Milaha’s President and CEO…

Britain Launches North Sea Frontier Oil, Gas Licensing Round

© Lukasz Z / Adobe Stock

Britain's Oil and Gas Authority on Tuesday launched a licensing round for 1,766 offshore oil and gas blocks in the North Sea to attract investment in under-explored areas of the mature basin which is enjoying a revival of investor interest.The blocks cover an area of 370…

Hundreds of Norway Oil Workers Go On Strike

Photo courtesy of Equinor

Hundreds of workers on Norwegian offshore oil and gas rigs went on strike on Tuesday after rejecting a proposed wage deal, leading to the shutdown of one Shell-operated field and helping send Brent crude prices higher.One union said…

Hundreds of Oil Workers Strike in Norway

Photo: Harald Pettersen / © Equinor

Hundreds of workers on Norwegian offshore oil and gas rigs went on strike on Tuesday after rejecting a proposed wage deal, leading to the shutdown of one Shell-operated field and helping send Brent crude prices higher.One union said…

Chevron exits Indonesia's Makassar Strait block

Chevron will exit the Makassar Strait gas block in the Indonesia Deepwater Development (IDD) offshore natural gas project to focus on more promising areas in the venture, Indonesian officials said on Wednesday.Indonesia's energy minister…

No Contact Yet Between Parties in Norway Oil Strike

© corepics / Adobe Stock

A Norwegian union representing striking oil workers and employers' representatives were not talking to each other as of Thursday, days before a possible escalation of the industrial action.Hundreds of workers on Norwegian offshore oil…

Oil Prices Dip as Markets Eye Potential Supply Increases

© Oleksiy Mark / Adobe Stock

Oil prices fell on Monday as concerns about supply disruptions eased and Libyan ports resumed export activities, while traders eyed potential supply increases by Russia and other oil producers.Brent crude futures were down 26 cents, or 0.4 percent, at $75.07 a barrel at 0057 GMT.U.S.

China Willing to Invest $3 Bln in Nigerian Oil Operations

China National Offshore Oil Corp (CNOOC) is willing to invest $3 billion in its existing oil and gas operation in Nigeria, the Nigerian National Petroleum Corporation (NNPC) said on Sunday following a meeting with the Chinese in Abuja.During a visit to Nigeria's state-owned NNPC…

New Project Seeks to Boost UK O&G Workforce

Photo: OPITO

A project to develop a new UK oil and gas skills strategy has been launched following wide spread industry and government support for the findings in OPITO’s UKCS Workforce Dynamics Review.OPITO has appointed Robert Gordon University’s…

Cookie Settings