Energy News


Lukoil Gets Approval for LPG Supplies to Ukraine

Sep 21, 2018

Russia's No.2 oil producer Lukoil has obtained approval from a Russian export control regulator on supplies of liquefied petroleum gas (LPG) such as propane and butane to Ukraine, traders said on Friday.LPG and diesel were listed as goods of dual purposes…

Bangladesh Shelves LNG Projects as Others Ramp Up

Sep 20, 2018

Bangladesh has put aside two smaller liquefied natural gas (LNG) projects with trading houses Gunvor and Vitol to focus on two larger LNG import terminals, one of which is already in use while the second will start up in March.Bangladesh has…

DNV GL Launches Operations & Analytics Centre in India

Sep 19, 2018

DNV GL, the world’s largest independent energy advisory and certification body, has launched a new Global Operations & Analytics Centre for renewable assets located in Bengaluru, India.The new centre will work in tandem with DNV GL’s existing UK Operations Control Centre in Glasgow…

Green Energy on the Rise in Thailand

Sep 13, 2018

BCPG Public Company is looking at ways in which innovation in technology and energy management are encouraging consumers to generate reusable energy and sell it on the retail market, Bundit Sapianchai told Oxford Business Group’s online broadcasting channel…

Qatargas, PetroChina Sign 22-Years LNG Supply Deal

Sep 10, 2018

Qatargas, the world’s largest LNG producer,  has announced a long-term Sale and Purchase Agreement (SPA) with PetroChina International Company Limited, a unit of PetroChina Company Limited (PetroChina), to supply China with around 3.4 million tonnes of liquefied natural gas (LNG) per annum…

US Gulf Oil Output Takes a Hit from Storm

Sep 05, 2018

Tropical Storm Gordon forced a cut of 9.36 percent of crude oil production in U.S.-regulated areas of the Gulf of Mexico, slightly more than Tuesday, the U.S. Bureau of Safety and Environmental Enforcement (BSEE) said on Wednesday.Natural gas output in the northern Gulf of Mexico was cut by 10…

DNV GL Rolls-out Digital Hub in Singapore

Sep 04, 2018

DNV GL has launched a digital hub in Singapore as part of the transformation of the oil and gas, maritime and energy industries toward digitalization, including increased cyber security and smart infrastructure.The new Singapore hub is called Digital Consulting and Smart Cities…

Equinor to Boost Drilling to Extend Norwegian Shelf Life

Aug 28, 2018

Oil producer Equinor aims to boost the recovery rate from its Norwegian fields to well above the global average to extend production from the mature basin beyond 2030.Equinor announced plans on Tuesday to drill up to 3,000 wells offshore from…

Excelerate Energy Commissions Bangladesh’s First LNG Import Terminal

Aug 23, 2018

Excelerate Energy Bangladesh completed the commissioning of its Moheshkhali Floating LNG (MLNG) terminal – Bangladesh’s first liquefied natural gas (LNG) import facility – signifying the official commencement of operations for the project.This…

Sinopec, Zhejiang to Build LNG Terminal in China

Aug 22, 2018

China's Sinopec Corp has teamed with Zhejiang Energy Group Co Ltd on a 3 million tonne-per-year liquefied natural gas (LNG) terminal in east China, with the first phase set for operation at end-2021, the state oil giant said on Wednesday.The project…

Bangladesh's First FSRU Starts Operations

Aug 20, 2018

Bangladesh started operations at the country's first liquefied natural gas (LNG) terminal on Saturday after ironing out teething issues related to technical problems and bad weather, two sources familiar with the matter told Reuters on Monday…

ConocoPhillips Signs $2 Bln Settlement with PDVSA

Aug 20, 2018

U.S. oil producer ConocoPhillips said on Monday it has settled with Venezuela's state-run oil company, PDVSA, to recover about $2 billion in arbitration payment.The International Chamber of Commerce awarded ConocoPhillips that amount in April…

Stena Blue Sky Delivers First LNG Cargo in China

Aug 17, 2018

The LNG carrier Stena Blue Sky was historical when it delivered its cargo to the first privately-owned LNG terminal in China.Chinese gas distributor, ENN invited the LNG carrier to become the first vessel to unload at the new Xin’ao Terminal in Zhoushan…

Mitsubishi to Acquire 25% Take in Bangladesh LNG Terminal

Aug 17, 2018

Japan’s Mitsubishi Corp has agreed to take a 25% interest in Summit's Bangladesh LNG import terminal project - which will be the country's second such terminal.The other 75% of the Summit LNG terminal will remain with Summit Corp.Mitsubishi…

BP Offloads Last Two Stranded Oil Cargoes in China

Aug 15, 2018

Oil major BP on Tuesday offloaded about 1 million barrels of Angolan crude from supertanker Olympic Light to an independent Chinese refiner after holding the oil at sea for about three months, people with knowledge of the discharge said on Wednesday…

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