Latest News - page 398

 

Chevron Names Green President of N. America E&P

Nov 06, 2018

Steven W. Green has been named president of Chevron North America Exploration and Production, succeeding Jeff Shellebarger, who is retiring from Chevron after 38 years of service.Green will transition from his current role as president of Chevron…

US Crude Oil Exports to China Stalled

Nov 06, 2018

The development that saw no U.S. seaborne exports of crude oil to China in August has continued into September, according to BIMCO. This is despite crude oil not being a part of the ‘official trade war’.“The trade war between the U.S. and China…

Kinder Morgan says Louisiana Natgas Pipe in Service for LNG Terminal

Nov 06, 2018

U.S. energy company Kinder Morgan Inc told federal regulators on Tuesday that it put part of the Louisiana natural gas pipeline in Louisiana into service:* The $122 million pipeline is designed to deliver up to 0.6 billion cubic feet per day…

US Allows Williams More Time for NY-Penn. Natgas Pipeline

Nov 06, 2018

U.S. energy regulators gave Williams Cos Inc two more years until December 2020 to get the approvals needed to build its long-delayed Constitution natural gas pipeline from Pennsylvania to New York, according to a federal filing made available on Tuesday…

Fred. Olsen Energy Proposes to Issue New Equity in Restructuring

Nov 06, 2018

Norwegian drillship and rig operator Fred. Olsen Energy, proposes to sell one of its drilling units and to issue $130-140 million in new equity to pay off debt, as part of a refinancing plan published on Tuesday.The proposal includes issuing about $90 million in new loan capital…

Republic of the Congo Launches Oil Exploration Licensing Round

Nov 06, 2018

The Republic of Congo has launched its latest oil exploration bidding round in Cape Town, offering 18 blocks in deep-water offshore and onshore sites in its efforts to boost production, the ministry of hydrocarbons said on Tuesday.Operators already in the country…

Nigeria senate to probe state oil firm over Nigeria LNG funds

Nov 06, 2018

Nigeria's Senate voted on Tuesday to probe the state oil firm's alleged withdrawal of $1.05 billion from gas company Nigeria LNG.The Premium Times newspaper reported on Monday that the Nigerian National Petroleum Corporation (NNPC) had used…

Tullow: First Kenyan Crude Shipments in 2019

Nov 06, 2018

Africa-focused Tullow Oil expects the first crude shipments from its Kenyan oilfields in the first half of 2019 and is pricing the product for the market, the company's chief executive said on Tuesday.Paul McDade also told Reuters that Tullow…

Rosneft Nearly Triples Net Profit

Nov 06, 2018

Russia's largest oil producer Rosneft almost tripled third-quarter net profit to 142 billion roubles ($2.15 billion), citing higher crude output and prices, despite taking a heavy hit on downstream operations.The company took a 133 billion rouble ($2 billion) impairment in refining and distribution…

Petrobras Earnings Miss Forecasts

Nov 06, 2018

Brazil's Petroleo Brasileiro SA on Tuesday reported a surge in third-quarter net profit that still lagged forecasts as oil prices rose but spending at the state-owned company jumped.Petrobras made a net profit of 6.644 billion reais ($1.78 billion)…

NKT Confirms Moray East Offshore Contract

Nov 06, 2018

Global energy sector supplier NKT has confirmed turnkey order for Moray East offshore wind farm project.'NKT has signed a Preferred Bidder Agreement (PBA) for delivery and installation of export cable systems to the prospective offshore wind farm project Moray East…

APLNG, QCLNG Strike Deal to Share Infrastructure

Nov 06, 2018

The Australia Pacific LNG project (APLNG) said that it has signed a deal to buy gas from neighboring Queensland Curtis LNG (QCLNG ) project and for both projects to share infrastructure.Under the tolling agreements, the QCLNG project will be…

NV5 Global Acquires CHI Engineering Services

Nov 06, 2018

The engineering, procurement and construction management (EPCM) firm serving the liquefied natural gas (LNG), petroleum gas (LPG) and natural gas (NG) industries, CHI Engineering Services is aquired by engineering consulting NV5 Global, Inc…

Golar FSRU Golar Freeze Lined Up for Jamaican Project

Nov 06, 2018

Norwegian shipping company Golar LNG Partners is deploying a floating storage and regasification unit (FSRU) to Jamaica for up to 15 years from the fourth quarter of 2018.'FSRU Golar Freeze will shortly arrive offshore Jamaica where she will…

Serica Energy to Buy BHP Stake in North Sea Fields

Nov 06, 2018

North Sea operator Serica Energy has struck a deal with commodities giant BHP Billiton to up its stakes in two North Sea fields, taking it above 90 per cent ownership of the assets.Under the a sale and purchase agreement (SPA), Serica UK will acquire a 16…

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