Nigerian opposition candidate Atiku Abubakar will seek to boost investment in the country's oil sector if he becomes president next year, according to a draft copy of his manifesto.He plans to reconsider the introduction of bidding rounds for marginal fields and oil blocks…
Israel's Delek Drilling is looking to spin off its remaining 22 percent stake in the offshore Tamar gas field in 2019, the company's chief executive said on Monday.Last year Delek spun off an initial 9.25 percent of Tamar into a new company in Tel Aviv called Tamar Petroleum…
Protesters in France blocked access to three fuel depots on Monday, a spokesman for Total said.Two of the depots, one in Vern, near the northwest city of Rennes, and the other in Fos-sur-Mer in the south, are operated by Total, the spokesman said…
QEP Resources Inc said on Monday it will sell its oil and gas assets in the Haynesville-Cotton Valley in northwest Louisiana to Aethon Energy Management LLC for $735 million, as it plans to become a pure-play Permian operator.The deal is expected to close in January 2019…
Brazil's incoming far-right government on Monday tapped a University of Chicago-trained economist with experience in the oil sector to be the chief executive of state-controlled Petroleo Brasileiro SA, amid a debate over privatization of the company's assets…
The construction of the offshore part of the TurkStream pipeline that will pump Russian gas to Turkey had been completed, a senior official at Russian gas giant Gazprom said on Monday.Gazprom's Oleg Aksyutin made the announcement on television…
Oil and gas producer Cimarex Energy Co said on Monday it would buy smaller rival Resolute Energy Corp in a deal valued at $1.6 billion, including debt, adding more assets in the shale-rich Permian Basin.The region has seen several deals as bigger producers add more assets…
Britain's richest man Jim Ratcliffe's oil and gas company Ineos Group Holdings is in exclusive talks with ConocoPhillips to buy North Sea oil and gas fields worth $3 billion from the U.S. energy company.Various news paper reports say that British…
The classification society American Bureau of Shipping (ABS) has issued an Approval in Principle (AIP) to Dutch-based SBM Offshore for its proprietary wind floater design.The global provider of floating production and mooring systems (FPSO)…
Maritime transport emitted 938 million tonnes of CO2 in 2012. This represented 2.6% of total global carbon emissions, said International Transport Forum (ITF)By 2050, shipping CO2 emissions are projected to increase between 50% and 250% if no drastic action is taken…
A landmark celebration has officially opened the onshore LNG processing facilities of INPEX-operated Ichthys LNG – one of the largest and most complex resource developments in the world.Japanese, Australian and Northern Territory government…
Cuba is the fourth Caribbean country to receive International Maritime Organization (IMO) assistance on spill preparedness in recent weeks, following similar events in Mexico, Suriname and Trinidad & Tobago.An IMO-funded workshop on ‘National…
The International Maritime Organization (IMO)-led GloMEEP project has delivered a training course in China last week to help maritime administrations and classification societies play their part in an ambitious scheme to collect fuel consumption data from ships…
BP Plc's trading arm on Friday entered a tolling agreement with the owners of an idled oil refinery in St. Croix, U.S. Virgin Islands, cementing plans to bring the plant back online six years after it was idled by previous owners, the company said…
BMT said it has signed a service agreement with UAE oil and gas supplier and contractor Al Masaood Oil & Gas.The agreement with the Abu Dhabi headquartered company will see BMT being assisted by Al Masaood Oil & Gas to deliver risk & safety…
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