Russian oil producer Lukoil said on Thursday that it was expecting its hydrocarbon production to increase by 3.5 percent this year.The company also plans an increase in hydrocarbon production of 1 percent next year, a company official said on a conference call…
The latest weekly survey results by the U.S. Energy Information Administration (EIA) indicate a 10th straight week of crude inventory build in the U.S. – striking fears of a repeat of the 2014/16 oil glut.In the week ending 23 November crude inventory grew by 3…
The supplier of onshore drilling and workovers, wellhead maintenance services Simmons Edeco has been awarded a contract by Tonalli Energia SAPI de CV to provide drilling services in Mexico.Tonalli Energía, SAPI de CV, founded in 2015, is a joint venture between Grupo Idesa Group and Petrofrontera…
Nippon Yusen Kabushiki Kaisha (NYK) and Japanese telecom giant MTI have reached an agreement to participate in a long-term demonstration of tidal energy being sponsored by MAKO Energy and Sentosa Development Corporation, which will provide the demonstration site…
The spending plans of oil majors BP and Equinor are unaffected by the more than 25 percent drop in oil prices since early October, their CEOs said on Wednesday.Oil and gas companies were boosted over the first nine months of the year by a recovery…
Denmark's Orsted will invest $30 billion in green energy up to 2025, it said on Wednesday, as it seeks to become one of a handful of future 'renewable majors' leading a global transition from fossil fuels to green energy.While renewable energy…
Norwegian-born billionaire John Fredriksen-owned LNG shipper Flex LNG believes that the LNG market is in the early stages of a multi-year recovery.According to a report by Flex LNG, the market for seaborne transportation of LNG has improved…
Malaysian state-owned energy firm Petroliam Nasional Berhad, or Petronas, on Tuesday said it will increase its dividend payout to the government after its third-quarter net profit jumped on higher revenue and oil prices.The new administration…
Malaysian state-owned oil and gas firm Petroliam Nasional Berhad, or Petronas, has set up a new business within the group to make a push into renewable energy, the head of the new venture said on Tuesday.Petronas has expressed interest over…
Colombian state-run oil company Ecopetrol said on Tuesday it will invest between $3.5 billion and $4 billion in 2019, slightly above this year as it bolsters spending on exploration and production projects.The investment is the backbone of an…
Oil rose above $60 a barrel on Monday, recovering some of the previous session's near-7 percent fall, although uncertainty over global economic growth limited the gains.Brent crude futures rose $1.84 to $60.64 a barrel by 1445 GMT, while U.S…
China’s state-owned CNPC has replaced France’s Total in Iran's multibillion-dollar South Pars gas project, Iranian Oil Minister Bijan Zanganeh said, according to the semi-official news agency ICANA on Sunday.'China's CNPC has officially replaced…
Norwegian gas system operator Gassco and Canadian energy firm Enbridge are working on reviving a 350 megawatt (MW) offshore wind project to boost power supply security at Norway's Nyhamna gas processing plant, they told Reuters.The project, which would be the country's first offshore wind farm…
Independent gas company DeNovo Energy, a subsidiary of the Proman Group, has made its first commercial supply of natural gas from the Iguana field in Block 1(a) off the coast of Trinidad and Tobago.According to a release from the company, DeNovo…
Norwegian fishing vessel Gardar is about to become the first fishing vessel to be retrofitted with a Wärtsilä 31 main engine, with significant improvements promised in both emissions and fuel consumption.'Wärtsilä will deliver its first ever Wärtsilä 31 engine retrofit to Gardar…
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