Saudi Aramco signed 15 Memoranda of Understanding (MoUs) and strategic and commercial collaborations valued at more than US$34 billion with 15 international partner companies and entities from eight countries in 3 continents.These collaborations…
The world’s largest testing facility for carbon capture, Technology Centre Mongstad (TCM), has signed a collaborative agreement with DNV GL to deliver advisory and verification services for CO2 capture technology.According to a press release from the quality assurance and risk management company…
French oil and gas major Total said on Tuesday that the first cargo of liquefied natural gas (LNG) cargo from Australia's Ichthys LNG project has been exported following the production start-up at the end of July.Ichthys LNG, with reserves of…
French oil and gas major Total will invest more in short cycle projects, said its chief executive on Tuesday.Patrick Pouyanne was a speaking at an investment conference in Riyadh.(Reporting by Rania El Gamal, writing by Alexander Cornwell, Editing Saeed Azhar)
Kvaerner, a Norwegian builder of oil platforms, aims to increase its revenue by some 40 percent by 2022 by expanding abroad, the company said on Tuesday after reporting a sharp decline in third-quarter earnings that drove down its shares.Kvaerner's quarterly earnings before interest…
Technical challenges could slow growth shale oil production in the next 12 to 18 months, the chief executive of Schlumberger NV, the world’s largest oilfield services provider, said on Tuesday.Paal Kibsgaard, CEO, was speaking at an investment conference in Riyadh…
Headline rates for shipping liquefied natural gas (LNG) in Pacific and Atlantic basins stand at around $140,000 to $150,000 a day for a 160,000 cubic meter LNG tri-fuel diesel electric (TFDE) vessel, brokers say.That is a 6-year high and compares to Atlantic basin rates of $75…
Ingeteam, an independent global supplier of electrical conversion equipment, announced today that it received DNV GL’s “Shop Approval in Renewable Energy” certification for the wind converter manufacturing facility recently established by the company in the Tamil Nadu region…
Oil prices fell more than 2 percent on Tuesday after Saudi Arabia said it could supply more crude quickly if needed, reassuring investors ahead of U.S. sanctions on Iran's crude exports that start next month.Benchmark Brent crude oil dropped $2…
Russia's government has disclosed conditions of an out-of-court settlement signed in 2017 between Russia's finance ministry, the Russian subsidiary of U.S. oil major Exxonmobil and other members of Russia's Sakhalin-1 oil and gas project, Interfax news agency reported on Tuesday…
UK-based Tullow Oil aims to ramp up its oil production in Ghana to 180,000 barrels per day by the end of the year, following successful drilling of additional wells, its Ghana head Kweku Awotwi said on Tuesday.Tullow is confident of sustaining peak production from its two oilfields in Ghana…
Simec Atlantis Energy announced that it has appointed Mr. Andy Richardson into the role of Chief Operating Officer at Simec Atlantis Energy.A press release from the global developer, owner and operator of sustainable energy projects with a diversified portfolio of more than 1…
The providers of naval vessels, surface ships and submarines ThyssenKrupp Marine Systems of Germany has developed a new type of lithium-ion battery system for submarines together with Saft, a manufacturer of advanced battery systems for industry…
Australia’s Woodside Petroleum has signed a Cooperation Agreement with Chinese private sector gas distribution firm ENN Group under which the two companies will work together to explore a broad range of potential business opportunities.The Cooperation…
The German Federal Network Agency (BnetzA) has announced the outcome of the latest German onshore wind auction. It revealed that the country's last wind tender of the year was undersubscribed and saw average prices rise again.A press release noted that only 363 MW of capacity won a contract…
AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week