Senex Energy News

 

Chevron, Thailand in Dispute Over Decom Tab

Sep 26, 2019

U.S. energy major Chevron Corp has opted to continue negotiations with Thailand rather than seek arbitration to resolve a dispute over who should pay for removing offshore oil and gas platforms, the company told Reuters on Wednesday.Thailand wants Chevron to pay the full decommissioning costs for infrastructure at the Erawan gas field, which it is due to hand over to Thai state oil firm PTT Exploration and Production Pcl in April 2022 when its concessions expire…

Total Says Geopolitics Hurting Crude Supply

Oct 18, 2019

Oil markets have lost 2 million barrels per day (bpd) of crude supply this year due to geopolitical issues, a senior executive at French oil and energy group Total said on Friday at a conference.The geopolitical issues that led to the crude supply loss include U…

Partners Plan Floating Wind Farm in South Korea

Oct 18, 2019

Partners WindPower Korea, EDP Renewables and Aker Solutions will develop a 500 megawatt (MW) floating wind farm off the coast of Ulsan Metropolitan City in South Korea.The consortium was formed as EDP Renewables and Aker Solutions have invested…

Airswift Eyes APAC Growth

Oct 10, 2019

Airswift, the global workforce solutions provider for the energy, process and infrastructure sectors, announced two senior hires to build upon recent successes in the Asia Pacific (APAC) region. Fueled by the region’s energy and infrastructure markets…

Sapura Energy Reports Asia Contracts

Sep 27, 2019

Sapura Energy announced it has secured new work in in Malaysia, Thailand and Brunei worth approximately RM 774 million ($184.9 million). The three new contracts and two contract extensions bring the value of its cumulative contract wins year-to-date to about RM3…

Excelerate to Build FLNG Terminal in Philippines

Sep 27, 2019

Philippine authorities have given Excelerate Energy LP permission to proceed on plans to develop a floating natural gas import terminal to supply existing and new power generation.Texas-headquartered player in floating LNG regasification solutions…

Petronas Q2 Profit Rises 8%

Sep 20, 2019

Malaysia's state-owned energy firm Petroliam Nasional Bhd reported an 8% increase in second-quarter profit on Friday because of a weaker Malaysian ringgit, though that was partially offset by higher product costs.Petronas, as the company is known…

Transborders Joins Forces with Osaka Gas

Sep 17, 2019

Perth-based Transborders Energy has signed a memorandum of understanding (MoU) for collaboration with Japan's Osaka Gas.The  MOU will facilitate information and knowledge sharing for both companies to evaluate projects that could commercialize…

Oil Price Spike after Saudi Attack Temporary

Sep 16, 2019

The drone attack on the world’s largest oil processing facility, Abqaiq in the heart of Saudi Arabia’s oil industry, forced Saudi Aramco to shut in 5.7 million barrels per day (bpd) of crude production, which equates to 7% of the current global crude and condensate production…

U.S. oil production remains near record high

Sep 16, 2019

U.S. crude production remained close to a record level in June but growth has slowed significantly since the end of last year in response to lower oil prices and the slowdown is set to extend into 2020.Crude output averaged 12.1 million barrels per day (bpd) in June…

Energy Transfer to Buy SemGroup

Sep 16, 2019

Oil and gas pipeline company Energy Transfer LP said on Monday it would buy smaller rival SemGroup Corp for $1.35 billion and build a 75-mile oil pipeline to strengthen its oil transportation, terminalling and export operations.Energy Transfer…

Battered U.S. Oil Producers Soar on Saudi Attacks

Sep 16, 2019

Shares of U.S. oil and gas companies surged on Monday, as a jump in oil prices in the wake of attacks on Saudi Arabia's oil facilities drove a relief rally in one of the S&P 500's worst performing sectors this year.Shares in major energy conglomerates…

Offshore Wind Conference Set for SUNY Maritime

Sep 16, 2019

The Center of Excellence for Offshore Renewable Energy at the State University of New York Maritime College and the Maritime Industry Museum at Fort Schuyler, are hosting the Ocean Wind Energy Conference on Thursday, September 26, 2019 at the Maritime Academic Center…

German Trains to Run on Offshore Wind

Sep 16, 2019

German Rail (Deutsche Bahn – DB) has closed Germany’s first power purchase agreement (PPA) to buy electricity from an offshore wind farm.German Rail has signed a five-year deal starting in 2024 to buy the output of 25MW, or 8%, of the 295MW…

Non-Opec Supply Set to Surge

Sep 15, 2019

Liquid production growth for non-OPEC countries reached the highest rate on record in 2018, with a growth of almost 2.9 million barrels per day (bbl/d).For this year, the trend suggests that non-OPEC countries’ liquid production will reach above 2 million bbl/d once again…

Current News

Reliance Reaps Record Profit

Reliance Reaps Record Profit

Schlumberger Profit Beats Estimates

Schlumberger Profit Beats Estimates

China Crude Runs Hit Record High

China Crude Runs Hit Record High

Total Says Geopolitics Hurting Crude Supply

Total Says Geopolitics Hurting Crude Supply

Eni CEO: No Future for Firms Working in Just O&G

Eni CEO: No Future for Firms Working in Just O&G

BP Raises Asian Profile

BP Raises Asian Profile

Partners Plan Floating Wind Farm in South Korea

Partners Plan Floating Wind Farm in South Korea

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