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Asian Energy News - page 141

 

Saudi Aramco Considering Expansion to India

Jan 30, 2018

Saudi Aramco, the state oil company of Saudi Arabia, is considering entering India as part of its Asian expansion, Nikkei said on Tuesday, citing Aramco's CEO who said that plans for an Indian refinery are crystallising. 'Saudi Aramco is looking at additional investments in China…

Iraq to Comply with OPEC Deal Despite Oil Export Capacity Rise

Jan 29, 2018

Iraq will comply with the OPEC-led deal on reducing output even though Baghdad is working hard to increase its oil export capacity from the north and south of the country, its oil minister said on Monday.Jabar al-Luaibi told a Chatham House…

France's Engie Acquires Brazil's ACS

Jan 26, 2018

Engie has closed a deal to acquire Brazilian energy efficiency company ACS, the French energy group told Reuters on Friday without specifying the value. ACS offers services like remote monitoring of energy consumption, as well as water, temperature and gas monitoring…

Petrobras to Join Oil and Gas Climate Initiative

Jan 25, 2018

Brazilian state-controlled oil company Petróleo Brasileiro SA will join the Oil and Gas Climate Initiative (OGCI), becoming the 10th member of the group which aims to lead the industry's response to climate change. Petrobras' entry is subject to the approval of the OGCI and Petrobras' board…

DNV GL Alliance for Offshore Wind Energy Development in Vietnam

Jan 24, 2018

Singapore-based Enterprize Energy and partner Renewable Energy Global Solutions (REGS), together with PetroVietnam consortium comprising Petroleum Equipment Assembly & Metal Structure (PVC-MS) and VietSovPetro (VSP), MHI-Vestas Offshore Wind (MVOW)…

Brent Crude Eases after Surprise Rise in U.S. Inventories

Jan 24, 2018

U.S. crude, gasoline inventories climb as traders take put options to sell crude. Brent oil prices eased on Wednesday, under pressure from a rise in U.S. crude and gasoline inventories although crude prices remained near three-year highs…

Argentina, Russia Ink Uranium Exploration, Production Deal

Jan 23, 2018

Argentina and Russia signed a memorandum of understanding to boost uranium exploration and production in the South American country that could include $250 million in investment, Argentina's foreign ministry said on Tuesday.The agreement…

Gail India Seeks to Shed 24 U.S. LNG Cargoes

Jan 23, 2018

Gail India launches tender to sell 24 liquefied natural gas (LNG) cargoes from the Cove Point export facility in the United States in 2019-2020, according to trade sources. The tender is split into three tranches, with the first tranche offering six cargoes in the first half of 2019…

Oil Edges Lower as Libyan Output Undermines 2018 Rally

Jan 22, 2018

Restarting Libyan oilfield puts brake on rally. Oil slipped on Monday under pressure from rising Libyan output and concerns that a rally that had sent prices to their highest since December 2014 had run out of steam. But losses were…

Brazil Refined Oil Products Output Dipped in 2017

Jan 19, 2018

Brazilian production of refined oil products slid 4.5 percent last year to 665.721 million barrels compared with 2016, oil regulator ANP said on Friday, as output of both diesel and gasoline dipped. In 2017, gasoline output slid 1.1 percent to 164…

Eni Boots up World's Biggest Industrial Supercomputer

Jan 18, 2018

Italian oil and gas group Eni said on Thursday it had installed new capacity at its supercomputing centre near Milan to create the world's most powerful industrial computer. The new capacity quadruples the group's computing power, allowing it to process up to 22…

India to Auction 55 Oil and Gas Exploration Blocks

Jan 17, 2018

India will begin the auction of 55 oil and gas exploration blocks from Thursday under new rules, the country's first licensing round after eight years, as it seeks to unlock its vast hydrocarbon resources, the upstream regulator said.The…

Norway: We Must Prepare for Arctic Oil Race with Russia

Jan 17, 2018

Norway must identify potential offshore oil and gas reserves near its northern maritime border with Russia to better protect its economic interest in the remote Arctic region, energy minister Terje Soeviknes said on Wednesday. The two countries…

EU to Hit Venezuelan Officials with Sanctions

Jan 17, 2018

Seven senior Venezuelan officials are likely to face European Union sanctions from next week, including the country's powerful chief justice, diplomats said, as the EU seeks to pressure President Nicolas Maduro to resolve a political crisis…

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