Thursday, December 14, 2017

Spencer Ogden Ltd News

BSEE, USCG Investigating GoM Rig Fatality

(Image: BSEE)

The Bureau of Safety and Environmental Enforcement (BSEE) and U.S. Coast Guard (USCG) are investigating the fatality of a worker on board the Petrobras 10,000 drillship in the Gulf of Mexico. Petrobras America Inc.

BP Names New Group Chief Economist

BP today announced the appointment of Spencer Dale as its new Group Chief Economist with effect from the end of October. Mr Dale joins BP from the Bank of England where he is currently…

North West Shelf to Process 3rd Party Gas

Woodside

Woodside, as operator of the North West Shelf (NWS) Project, informed that the NWS Project participants today signed a non-binding Letter of Intent with Hess Exploration Australia Pty…

Climate Qualms Mean Oil Will Never be Used Up - BP

Concerns about the climate change impact of burning the world's remaining oil resources mean the reserves will never be fully exploited, BP Chief Economist Spencer Dale said on Tuesday.

Novatek Sells First Yamal LNG Cargo to Petronas

Russia's largest non-state gas producer Novatek has sold its first liquefied natural gas cargo of 170,000 cubic metres from the Yamal LNG project, with Petronas LNG UK Ltd (PLUK) the buyer.

Premier Oil to sell North Sea Pipeline Stake

Premier Oil Plc will sell its 30 percent stake in a North Sea pipeline to UK gas infrastructure company CATS Management Ltd for up to 23.6 million pounds ($31.68 million), it said on Monday.

Kinder Morgan Canada Shares Surge after Pipeline Permit Ruling

Shares in Kinder Morgan Canada Ltd rose as much as 9.5 percent to a four-month high early on Friday, after a favorable ruling by the country's energy regulator on its Trans Mountain…

Canada Supports Kinder Morgan's Trans Mountain Appeal

Canada's federal government said on Wednesday it supports Kinder Morgan Canada Ltd's second appeal to the country’s energy regulator over local permits for its planned Trans Mountain oil pipeline expansion project.

North Sea Job Losses Raise Skills and Safety Concerns

Photo: BP

Cost-cutting in Britain's North Sea oil and gas sector could lead to more acute skills shortages in future, industry experts have warned, with some expressing concerns that safety could be compromised.

Gazprom Secures $1.19 Bln Loan from Japanese, US Banks

Russian energy major Gazprom said on Tuesday it would receive 1 billion euros ($1.19 billion) in a five-year loan from Japan's Mizuho Bank Ltd and Sumitomo Mitsui Banking Corp, as well as U.S. lender JP Morgan Chase Bank.

BW acquires 10 chemical tankers from Stream Tankers

Courtesy BW Group

BW has signed a purchase agreement to acquire ten chemical tankers comprising two ships built in 2008 and 2010 and eight newbuildings to be delivered between 2015 and 2018 from Stream Tankers.

Wind of Change Starts Blowing at Italian Companies

Eager to attract foreign investors as it slowly emerges from its longest recession in 70 years, cash-strapped Italy Inc. is taking the first steps to end decades of opaque management and shoddy governance.

MEG Energy Expects to Produce More Oil in 2018

Photo: MEG Energy

Canadian oil sands producer MEG Energy Corp said on Friday it expects higher production in 2018, compared to its 2017 forecast. The company expects to produce 85,000 to 88,000 barrels per day (bpd) next year…

Seadrill Bondholders Propose Alternative Debt Restructuring

(Photo: Seadrill)

An unofficial committee of Seadrill's unsecured bondholders has submitted a binding alternative proposal for the company's restructuring, two sources familiar with the proposal told Reuters on Tuesday.

Trump Energy Policy Unlikely to Have Big Impact on CO2 Fight

Changes to U.S. energy policies under new President Donald Trump are unlikely to have a big impact on global action to curb a rise in greenhouse gas emissions, oil major BP's chief economist said on Wednesday.

FTSE Hit by Decline in Energy Stocks, Worries over Greece

A fall in major energy stocks and worries over the political outlook in Greece knocked down Britain's top equity index on Monday. The blue-chip FTSE 100 closed down 2 percent at 6,417.16 points.

New Chief Economist at BP

Spencer Dale

Former Bank of England chief economist Spencer Dale is leaving the central bank, just two months after being moved to a new role, to become chief economist at oil major BP, the BoE said on Monday.

Trading Houses Predict Cautious Rise in Oil Prices

Oil prices have probably bottomed out and will rise from now on though the recovery will be slow due to a huge stocks overhang, some of the biggest oil trading executives said on Tuesday.

H-100 Gas Turbine Completes Low NOx Testing

H-100 Gas Turbine (Photo: MHI)

Mitsubishi Heavy Industries, Ltd. (MHI), Mitsubishi Hitachi Power Systems, Ltd. (MHPS) and Mitsubishi Heavy Industries Compressor Corporation (MCO) have completed testing of MHPS’s 2-shaft 120MW H-100 Gas Turbine.

CERCG Looking to Ship LNG from Australia's West to East

State-owned China Energy Reserve and Chemicals Group (CERCG) on Monday said it is investigating whether to ship liquefied natural gas (LNG) from Western Australia to the gas-hungry east coast market.