Algeria's Sonatrach has shortlisted four firms, with only one to be selected, to set up a trading joint venture, the company's chief executive Abdelmoumene Ould Kaddour told reporters.'Of the 14 international firms interested in a trade JV with Sonatrach…
Corvus Energy Holding, the Energy Storage Systems (ESS) supplier to the maritime industry, has signed an agreement to acquire all shares in the Norway-based Grenland Energy, which develops and manufactures lightweight lithium-ion batteries for the maritime…
Japanese natural gas utility and supplier Shizuoka Gas signed an LNG sale and purchase agreement with Clean Energy in China for the delivery of chilled fuel from the Shimizu LNG terminal in ISO containers.Shizuoka Gas has been seeking further…
Greece on Monday approved two consortia to submit final bids for a 50.1 percent stake in its biggest oil refiner Hellenic Petroleum, its privatisations agency said.The consortia are: Glencore Energy with a unit of U.S.-based Carlyle Group; and Vitol Holding with Algeria-based Sonatrach…
Rotterdam's skyline will soon feature what is claimed as the world's largest and most powerful offshore wind turbine.GE Renewable Energy and Future Wind announced today that they have signed an agreement to install the first Haliade-X 12 MW…
Abu Dhabi Future Energy Company (Masdar) said on Tuesday it was acquiring John Laing Group's stakes in two wind farms in the United States, its first North American renewable energy investment.Masdar said it was buying stakes in the Rocksprings…
The partial government shutdown is increasing the chances of delays in U.S. energy initiatives from the release of President Donald Trump's proposed offshore drilling plan to allowing higher levels of ethanol in gasoline during summer months…
Oil futures rose on Tuesday with the help of an increase in global stock markets, an outage reducing Libyan crude production and a gradual decrease in Russian output.Brent futures rose 45 cents, or 0.7 percent, at $60.44 a barrel by 11:58 p…
Singapore’s Swissco Holdings, currently under judicial management, announced that it is disposing of a substantial part of its offshore support vessels division, which is expected to help reduce the group's liabilities.UAE's Allianz Middle East…
Shell Overseas Holdings, an affiliate of Royal Dutch Shell plc, has completed the sale of its shares in Shell E&P Ireland Limited (SEPIL), which holds a 45% interest in the Corrib gas venture, for up to $1.30 billion, to Nephin Energy Holdings Limited (NEHL)…
U.S. crude oil stockpiles rose for a 10th week in a row last week even as refineries boosted output and exports increased, the Energy Information Administration said on Wednesday.Crude inventories rose 3.6 million barrels in the week to Nov…
Aberdeen-based NRG Group announced two new directors have been appointed to lead the family-owned company.The company, which consists of NRG Well Examination and NRG Well Management, was founded by Andrew Mackay in 1988. Mackay has handed the reins to his son…
Oil rose above $60 a barrel on Monday, recovering some of the previous session's near-7 percent fall, although uncertainty over global economic growth limited the gains.Brent crude futures rose $1.84 to $60.64 a barrel by 1445 GMT, while U.S…
CEFC paid almost 225 million euros ($257 million) in compensation to a consortium of Qatar Investment Authority and Glencore after the Chinese firm's deal to buy a stake in Russian oil firm Rosneft fell through, a document showed.The chief executive of Rosneft…
Oil fell on Monday, surrendering earlier gains as investors weighed up the effectiveness of a potential cut in supply from OPEC and possibly other exporters in the face of rapidly rising global output.Brent crude futures were down $1.04 at $65…
AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week