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Total's Investments in Tellurian Totals $907mln

Aug 08, 2019

Tellurian, an integrated global natural gas business firm, announced that it entered into definitive agreements with subsidiaries of Total S.A. for a $500 million equity investment in Driftwood Holdings LP, and related purchase of liquefied natural gas (LNG)…

Saipem Joins JV for Arctic LNG2 Project

Aug 05, 2019

Italian oil and gas industry contractor Saipem reached a deal on Friday to participate in a joint engineering venture for a liquefied natural gas (LNG) project in the west of Siberia.The subsidiary of Eni said in a press release that it has…

MOL Group On Track to Meet 2019 Guidance

Aug 01, 2019

Hungarian international oil and gas company MOL Group delivered an EBITDA of USD 1.15bn in H1 2019, exactly half of the full-year 2019 guidance.Upstream EBITDA was 10% lower in H1 2019 at USD 553mn, as higher volumes were more than offset by lower oil and gas prices…

Iberdrola Profits Up with Contribution from OWF

Jul 29, 2019

Spanish public multinational utility company Iberdrola said that its gross operating profit (EBITDA) grew by 12.5% to €4.99 billion, due to the positive performances in the United States, Mexico and Brazil and the contribution of the Wikinger offshore wind farm…

Kogas, EVC Pact for Vietnam LNG Terminal

Jul 25, 2019

South Korean public natural gas company Korea Gas Corporation (Kogas) and Vietnam-focused development and asset management company Energy Capital Vietnam (ECV) have entered into a memorandum of understanding (MOU) for the development of a privately-funded LNG regasification terminal in Vietnam…

Novatek Closes in on Arctic LNG 2

Jul 23, 2019

Russian natural gas producer Novatek said it had completed the sale of stakes in its Arctic LNG-2 project to two Chinese companies and a consortium of two Japanese companies.The second largest natural gas producer in Russia announced the closing…

TRIG Acquires French Wind Farms

Jul 19, 2019

UK-based investment fund  The Renewables Infrastructure Group (TRIG) has acquired stakes in four French onshore windfarms, with a total capacity of 107.8 MW. InfraRed’s listed renewables vehicle did not disclose financial details of acquisitions…

Schlumberger Names New CEO, Tops Revenue

Jul 19, 2019

Schlumberger NV said on Friday Chief Operating Officer Olivier Le Peuch will replace longtime Chief Executive Officer Paal Kibsgaard, as the company looks to shore up its position as a leader in drilling technology.The world's largest oilfield…

New CEO Guy Takes the Helm at EnerMech

Jul 17, 2019

Aberdeen-headquartered services company EnerMech announced on Wednesday that John Guy has been appointed as Chief Executive Officer (CEO), succeeding company founder Doug Duguid, who will assume the role of Deputy Chairman.Guy’s appointment as CEO will become effective from August 1…

Airborne Oil & Gas Hires New Director

Jul 16, 2019

Manufacturer of thermoplastic composite pipelines (TCP), Airborne Oil & Gas (AOG) announced new operations director Mark Stokes has joined its management team.The appointment is part of the company’s continued investment strategy to increase…

Block Energy Acquires West Rustavi Asset

Jul 16, 2019

The oil and gas company in Georgia,  Block Energy said its working interest in the West Rustavi licence, in Georgia, has increased to 100%.The increase, from 71.5% and originally from 25%, follows an agreement made with Georgian Oil & Gas Ltd in late February…

BV Joins the Int'l Windship Association

Jul 15, 2019

The decarbonization drive is gearing up to be the defining issue faced by the shipping sector in the coming decades and the industry is searching for low carbon and zero emissions technologies that will deliver on the International Maritime…

SPARK Joins OSC for $450mln Biz Incubator

Jul 15, 2019

Saudi Aramco's King Salman Energy Park (SPARK) and Dubai-based Oilfields Supply Center Ltd. (OSC) signed an agreement to establish OSC as an anchor tenant at SPARK.OSC will develop a business incubator called the Common User Supply Base (CUSB) in collaboration with Saudi Aramco…

Mainstream Names Asia-Pacific Head

Jul 12, 2019

Irish wind and solar projects developer Mainstream Renewable Power has appointed Raghuram Natarajan chief executive of its Asia-Pacific business.'This key appointment to the Group’s Leadership Team, based out of its newly opened regional headquarters in Singapore…

SCF Celebrates the Day of Russian Sea

Jul 11, 2019

Russian maritime shipping company specializing in petroleum and LNG shipping, PAO Sovcomflot (SCF Group) held a traditional meeting of the company’s management with masters of Sovcomflot vessels on the eve of Russia’s Day of Marine and River Fleet Workers…

Current News

Cooper's Sole Offshore Gas Field to Go Online by February End

Cooper's Sole Offshore Gas Field to Go Online by February End

Where Next for Exploration in Asia Pacific?

Where Next for Exploration in Asia Pacific?

Pertamina, Petronas Swapping Crude Oil

Pertamina, Petronas Swapping Crude Oil

China Cuts Gasoline, Diesel Retail Prices

China Cuts Gasoline, Diesel Retail Prices

Petronas Carigali Charters Alam AHTS

Petronas Carigali Charters Alam AHTS

Petrofac Lands Huge Offshore Deal with ADNOC

Petrofac Lands Huge Offshore Deal with ADNOC

Petronas' 2nd FLNG Sets Sail for Malaysian Offshore Field

Petronas' 2nd FLNG Sets Sail for Malaysian Offshore Field

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