Brazil's state-controlled oil company Petroleo Brasileiro said on Friday it prepaid a 2 billion real ($516.13 million) loan due in 2020 from Banco do Brasil, and opened a new credit line for the same amount with the same bank due in 2025.The…
International Maritime Associates has just completed a 12-month study of the global market for floating gas liquefaction plants and floating LNG regasification terminals. The 150+ page study, published by World Energy Reports, is the most detailed analysis yet made of this growing business sector…
Major oil producers must take 'the right steps' to ease supply concerns that have lifted crude prices to a four year-high, the head of the International Energy Agency told Reuters on Thursday.'It is now high time for all the players, especially those key producers and oil exporters…
Oil production at Eni's Arctic Goliat field off the coast of Norway will restart by Friday following maintenance, the company told Reuters on Thursday.The restart had originally been planned for Oct. 1, but Eni extended the outage to carry out…
Russia's natural gas producer Novatek and German engineering giant Siemens have signed a strategic partnership agreement that covers cooperation in the liquefied natural gas (LNG) sector.Novatek said in a press release that the agreement was…
Maritime and Port Authority of Singapore (MPA) has allocated about USD 3.64 million under the Green Energy Programme to support the development and use of cleaner alternative marine fuels such as biofuels and methanol. Senior Minister of State…
ExxonMobil said that all its International Maritime Organization (IMO) compliant 0.5% sulfur bunker fuels developed to date are residual grades.The oil giant has also announced specification details and confirmed that the formulations are all compatible with each other…
Oil company Petróleo Brasileiro SA, or Petrobras, said on Wednesday it finished a long-term test at the Mero field in the Libra pre-salt area with positive results.The Brazilian company said in a statement that the well used for the test in Mero reached an average production of 58…
The first major liquefied natural gas (LNG) project to be approved globally in five years will be built in Canada, but its underlying philosophy appears to be more closely allied to the Australian concept of 'she'll be right, mate.'The LNG Canada…
General Electric Co's unit Baker Hughes is preparing an offer for a production-sharing deal with Brazil's Petrobras, a Baker Hughes executive said on Tuesday, as the state-run oil company seeks creative ways to boost output from mature fields…
Japan transferred excess renewable energy supplies between two of its electricity regions for the first time since a major shakeup of its power sector, the country's grid monitor told Reuters.The transfer of excess solar power supplies from…
U.S. crude oil shipments to China have 'totally stopped', the President of China Merchants Energy Shipping Co (CMES) said on Wednesday, as the trade war between the world's two biggest economies takes its toll on what was a fast growing businesses…
Russia's President Vladimir Putin said on Wednesday that liquefied natural gas (LNG) from the United States was uncompetitive in Europe.Putin said at the Russian Energy Week in Moscow that U.S. LNG was 30 percent more expensive compared to Russian…
International players in the shipping sector - International Association of Ports and Harbors (IAPH), Titan LNG, Bureau Veritas, large oil and gas companies such as Shell and ship owners such as NYK and Carnival Corporation - developed a tool for making LNG bunkering safe and sustainable…
The launch of a massive liquefied natural gas (LNG) export project in Canada has finally fired the starting gun on a wave of plan approvals around the world, needed to avoid a supply crunch after 2020.Royal Dutch Shell said it would export LNG…
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