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Inpex Officially Opens Ichthys LNG Site

Nov 18, 2018

A landmark celebration has officially opened the onshore LNG processing facilities of INPEX-operated Ichthys LNG – one of the largest and most complex resource developments in the world.Japanese, Australian and Northern Territory government…

Georgia Bullish on Offshore Natural Gas and Oil Reserves

Nov 15, 2018

Georgia Petroleum Council noted released results from a new study highlighting how Georgia’s economy could benefit from over $200 million in tax revenues as a result of offshore leasing in the Atlantic Outer Continental Shelf (OCS).“Cutting…

Teekay Expects Recovery in Tankers Market

Nov 15, 2018

Crude tanker rates have continued to strengthen during the early part of the fourth quarter of 2018, particularly in the Atlantic Basin with Aframax tanker rates in this region attaining levels not seen since December 2016 and Suezmax tanker rates averaging the highest since March 2017…

MENA Region to Lead Global Oil and Gas for Decades to Come: DNV GL

Nov 15, 2018

The world will need less energy from the 2030s onwards, but it will still require a significant amount of oil and gas in the lead-up to mid-century according to DNV GL’s 2018 Energy Transition Outlook, an independent forecast of the world energy mix in the lead-up to 2050…

ADNOC LNG Wins Extension of Gas Supply Contract to 2040

Nov 15, 2018

The Abu Dhabi National Oil Company (ADNOC), has agreed, in principle, to extend to 2040 its gas supply agreement with ADNOC LNG, in coordination with ADNOC LNG’s joint venture partners, Mitsui, BP and Total.The the state-owned oil company of…

Changing Shale Field to Boost Gas Output

Nov 14, 2018

China's Changning shale gas field in southwestern Sichuan province will more than double its output during the winter heating season after putting new wells into operation, China's top oil and gas group CNPC said on Wednesday.Daily output at the field…

OMV, Sapura Energy Sign Pact

Nov 13, 2018

Malaysia’s Sapura Energy has entered into a heads of agreement with Austria’s OMV to form a strategic partnership and acquire half of Sapura Upstream for $1.6 billion.'Under the agreements, OMV Exploration and Production GmbH (OMV E&P), a wholly-owned subsidiary of OMV Aktiengesellschaft…

US warns sanctions still an option against Nord Stream 2

Nov 13, 2018

The United States could yet impose new sanctions to try to block construction of the Russian Nord Stream 2 gas pipeline across the Baltic Sea to the European Union, the U.S. ambassador to the EU said on Tuesday.Asked if Donald Trump could take…

Gazprom Says Nord Stream Payments Blocked by Swiss Injunction

Nov 12, 2018

Gazprom said a Swiss court has issued an injunction blocking payments from the operators of the Nord Stream gas pipeline as part of a legal dispute between the Russian gas producer and Ukraine's Naftogaz.All payments from Nord Stream AG and Nord Stream 2 AG are to be directed to the Swiss bailiffs…

Engie to Invest in Green Gas in France

Nov 12, 2018

Isabelle Kocher, Engie CEO, announced that EUR 800 million would be mobilized in the next five years to develop green gases, a new French sector of excellence that will create value and jobs in France.François de Rugy, French Minister of State…

UK: Enough Oil and Gas Reserves for the Next 20 Years

Nov 09, 2018

The UK has enough oil reserves to sustain production for the next 20 years and beyond, new figures indicate.A report published by the UK Government suggests that the overall remaining recoverable reserves and resources in the North Sea range from 10 to 20 billion barrels plus of oil equivalent…

Higher US Export, Lower Fleet Growth Aid LPG Exports

Nov 08, 2018

The Middle East is the most active export market of LPG exports on very large gas carriers(VLGC), said Norway-based LPG shipping firm Avance Gas.Oslo-listed Avance Gas said in a statement that traditionally Saudi Arabia was the largest exporter…

NV5 Global Acquires CHI Engineering Services

Nov 06, 2018

The engineering, procurement and construction management (EPCM) firm serving the liquefied natural gas (LNG), petroleum gas (LPG) and natural gas (NG) industries, CHI Engineering Services is aquired by engineering consulting NV5 Global, Inc…

Gazprom to increase gas deliveries to Austria

Nov 05, 2018

Russian energy producer Gazprom will deliver more gas to its Austrian partner OMV, the two companies said on Monday.Deliveries to Austria will be increased by 1 billion cubic meters per year, they added.'The signing of a document on additional…

Low Returns Put Lid on New British Gas Storage

Oct 31, 2018

Investment in new, large gas storage sites in Britain which can help provide a buffer in times of high demand and reduced supply is seen by operators as unlikely due to market prices offering low returns.This is due to weak gas price spreads…

Current News

CNOOC’s Ultra-Deep Well in Bohai Bay Outperforms Target

CNOOC’s Ultra-Deep Well in Bohai Bay Outperforms Target

LNG Exports from Russia's Yamal LNG Slowing

LNG Exports from Russia's Yamal LNG Slowing

ADIPEC Technical Conference Receives Record-breaking 5,977 Submissions

ADIPEC Technical Conference Receives Record-breaking 5,977 Submissions

FPSO Newbuild for Petrobras’ Búzios Field Taking Shape in China

FPSO Newbuild for Petrobras’ Búzios Field Taking Shape in China

CIMC to Supply Hulls for Two FPSOs Being Built by Seatrium for Petrobras

CIMC to Supply Hulls for Two FPSOs Being Built by Seatrium for Petrobras

Woodside and Taiwan’s CPC Ink Long-Term LNG Supply Deal

Woodside and Taiwan’s CPC Ink Long-Term LNG Supply Deal

Russian Oil Freight Rates Fall to Lowest Since 2022

Russian Oil Freight Rates Fall to Lowest Since 2022

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