Finland's leading postal and logistics service company Posti has taken into service two full trailer combinations powered by liquefied natural gas (LNG).Posti will be using the LNG vehicles for demanding transport operations. Posti's target…
The pipe-laying vessel Pioneering Spirit pipelaying vessel completed the construction of the offshore section of the TurkStream gas pipeline in the Black Sea. The TurkStream pipeline will carry Russian gas across the Black Sea to Turkey.The…
Russia's largest independent natural gas producer Novatek announced that its wholly owned subsidiary OOO Novatek-Yurkharovneftegas, upon testing of the exploration well PO-1 achieved commercial flows of natural gas from the Lower Cretaceous…
Baltic and International Maritime Council (BIMCO) will begin work on two gas-related contracts in early 2019, an LNG (Liquid Natural Gas) Bunker Purchase Contract and a LPG (Liquid Petroleum Gas) voyage charter party.A press release from the…
Mitsui O.S.K. Lines announced that it conducted a tabletop drill based on an incident simulation involving an LNG carrier managed by an MOL Group ship management company.MOL holds these drills periodically to confirm its emergency response system in preparation for serious marine incidents…
Brazil's right-wing President-elect Jair Bolsonaro said on Monday that certain units of Petroleo Brasileiro could be privatized, even though the state-run company is strategic for the state.Speaking to reporters after his team named Chicago…
Portugal and Morocco will invite bids to build an undersea electricity cable linking the two countries after technical and financial feasibility studies are completed in early 2019, a senior Portuguese official said on Monday.Morocco and Portugal agreed in 2015 on plans for a 1…
Aberdeen-headquartered oil and gas service company TEMS International has appointed Nicola Lomax to the newly created role of QHSE manager as it continues to expand its workforce in response to growing demand for its services.Lomax will be responsible for developing and managing the firm’s health…
North Sea Forties crude differentials fell to a three-year low on Monday, pressured by ample prompt supplies and limited demand.Ekofisk DelaysSome Ekofisk cargoes for loading in November have been delayed by a few days because of unplanned maintenance…
Turkey warned energy companies on Sunday against working with the Greek Cypriot government in carrying out exploratory drilling in the eastern Mediterranean, saying such activities could damage regional stability.The eastern Mediterranean is believed to be rich in natural gas…
Malaysian state oil firm Petronas has set the price factor for Malaysian Crude Oil (MCO) for November at $5.00 per barrel, up $0.65 from the previous month, the company said on Monday.The monthly price factor is added to the average of Platts'…
Bangladesh will resume liquefied natural gas (LNG) imports this week after resolving issues with its sole floating storage and regasification (FSRU) unit, a senior official said on Monday.Two cargoes, meant to be delivered on Nov. 7 and Nov…
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…
Russian Energy Minister Alexander Novak said on Monday that the country was planning to sign a partnership agreement with the Organization of the Petroleum Exporting Countries (OPEC) and that it would be discussed at OPEC's December 6 meeting…
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