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Industry Showcases Positive Changes at OE 2019

Sep 06, 2019

Commitment to accelerating the energy transition is gathering pace, as operators and technology developers at SPE Offshore Europe 2019 said they will invest to secure a more sustainable energy mix.In another encouraging sign that the energy…

Saibu Gas, Novatek JV to Market LNG

Sep 06, 2019

Japanese natural gas distribution company Saibu Gas and Russian LNG project operator Novatek revealed plans to form a joint venture.Novatek announced that it has signed the Heads of Agreement (HoA) with Saibu Gas in the presence of the Minister…

TGS Acquires Production Data Firm

Sep 05, 2019

TGS said it has purchased all outstanding shares and completed the acquisition of Lasser, Inc., a Fort Worth-based company which provides historical and monthly oil and gas production data.Lasser owns, maintains and licenses a nationwide U.S…

DNV GL's Probabilistic Digital Twin Launch

Sep 05, 2019

DNV GL proposes the “Probabilistic Digital Twin” (PDT) to close the gap between digital twins – used increasingly by operators to manage the performance of their assets – and risk analysis still largely conducted manually before assets enter service…

US Judge Rejects Exxon, Shell Nigeria Case

Sep 04, 2019

A U.S. judge on Wednesday rejected Exxon Mobil Corp's and Royal Dutch Shell Plc's effort to revive a $1.8 billion arbitration award against Nigeria's state-run oil company, which stemmed from a dispute over a 1993 contract to extract oil near the African country's coastline…

SUNY Maritime College Hosts Ocean Wind Energy Conference

Sep 04, 2019

NYC Economic Development Corp. Signs on as Event Sponsor.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, proudly announce their partnership…

GA LNG Terminal Evacuated Ahead of Dorian

Sep 04, 2019

Kinder Morgan Inc has halted the startup process of its liquefaction facility at Elba Island near Savannah, Georgia, following mandatory evacuation orders as Hurricane Dorian approached, Chief Executive Officer Steven Kean said on Wednesday…

Exxon, Chevron See Consolidation in Top U.S. Shale Field

Sep 04, 2019

The two largest U.S. oil and gas companies on Tuesday left the door open for more acquisitions in the country's top shale field.Exxon Mobil Corp expects to see industry consolidation to happen 'over some period of time,' in the Permian Basin in west Texas and New Mexico…

Freeport Ships First LNG Commissioning Cargo

Sep 04, 2019

Texas-based LNG terminal operator Freeport LNG Development announced that it has shipped the first LNG commissioning cargo for Train 1 from its liquefaction facility located on Quintana Island in Freeport, Texas.Approximately 150,000 cubic meters of LNG were loaded aboard the LNG Jurojin…

Scotland Funds World's Most Powerful Tidal Turbine

Sep 03, 2019

The Scottish Government announced that it has awarded engineering company Orbital Marine Power GBP3.4mln (USD 4.1million) in funding for its floating tidal turbine, which is the world’s most powerful.The Scottish engineering company is the first…

Toshiba Completes Sale of U.S. LNG Biz

Sep 03, 2019

The Japanese multinational Toshiba Corp said that it has completed the sale of its liquefied natural gas (LNG) operation in the United States to French oil giant Total SA, letting go of an asset it deems risky as it continues to restructure…

Rates Slowdown in Permian Basin

Sep 02, 2019

Though the Permian Basin still dominates US land drilling, the pace of growth in this region has slowed significantly.Older tight oil wells decline by 20% per year without material intervention, according to Rystad Energy.Contrary to common belief…

Sembcorp Marine Reports New Contracts

Sep 02, 2019

Sembcorp Marine said it has won a raft of new projects valued at S$400 million (US$288 million) that includes floating production conversion projects, offshore wind farm jacket foundations fabrication and cruise ship upgrades.THe company's Sembcorp…

LNG Spot Shipping Rates Increase, Says Awilco

Aug 29, 2019

In spite of low gas prices due to ample LNG supply growth and muted demand so far in 2019 spot shipping rates have gradually increased over the last few months and are currently about USD 70,000 per day on average, said Awilco LNG Group.According to Norwegian LNG transportation provider…

CNOOC Earnings on the Rise

Aug 29, 2019

China's national offshore producer CNOOC Ltd reported a near 19% rise in first-half profit on Thursday, as higher sales of oil and gas offset weaker global oil prices.The listed arm of state-owned China National Offshore Oil Corp said that it…

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