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Netherlands to Allow New Offshore Wind Investments

Mar 27, 2018

The Dutch government on Tuesday said it will allow five new offshore wind turbine farms capable of producing 7 gigawatts (GW) of electricity in the 2024 to 2030 period. The Netherlands is lagging other European countries in renewable energy…

China Crude Futures Enjoy Champagne Start

Mar 27, 2018

China's new crude oil futures contract enjoyed a successful first day of trading in Shanghai, most likely exceeding the wildest hopes of its backers, but much of the hard work of building a viable benchmark still has to be done. The new contract…

Trafigura Among First to Trade China Crude Futures

Mar 26, 2018

Trading giant Trafigura has been among the first foreign companies trading China's just-launched crude oil futures, two sources familiar with the matter told Reuters. Shanghai crude oil futures launched on Monday and are the country's first…

Britain Blocks Plans for New Coal Mine on Climate Grounds

Mar 23, 2018

Britain has rejected plans for a new open cast coal mine in northeastern England, as it could hamper efforts to reduce greenhouse gas emissions and curb climate change, the minister for local government said on Friday.Supporters of the project…

Vietnam Scraps South China Sea Oil Drilling Project

Mar 23, 2018

Vietnam's state oil firm PetroVietnam has ordered Spanish energy firm Repsol to suspend its 'Red Emperor' project off the country's southeastern coast following pressure from China, the BBC reported on Friday. It would be the second time…

US LNG Firms Lament Bad Timing of Tariffs, China Trade Spat

Mar 22, 2018

The Trump administration's planned steel tariffs and a potential trade battle with China could hurt U.S. liquefied natural gas companies just as a new wave of developments in the fast-growing market is gaining steam, company executives say. China is the fastest growing major buyer of LNG…

Record-size US Offshore Oil Lease Sale Draws Modest Bidding

Mar 21, 2018

Oil and gas drillers bid modestly on Gulf of Mexico acreage in the largest lease sale in American history on Wednesday, dealing a setback to the Trump administration's efforts to rapidly pump up investment in the region. The Interior Department had offered up a record 77 million acres (31…

China Says to Have "Prudent" Oil Exploration with Philippines

Mar 21, 2018

China will prudently advance cooperation with the Philippines on joint oil and gas exploration in the South China Sea, China's top diplomat State Councillor Wang Yi said on Wednesday after meeting his Philippine counterpart.Any potential deals…

Oil Approaches Six-Week Highs

Mar 21, 2018

Oil neared its highest in six weeks on Wednesday after a surprise decline in U.S. inventories and as concern persisted over possible disruption to Middle East supply.Unexpectedly large inventory declines in the United States helped underpin the market…

China's Independent Refiners Gear up for Ethanol Push

Mar 20, 2018

Dongming plans to import ethanol, may produce biofuel; China set 2020 target for nationwide 10 pct biofuel use. China's top independent oil refiner is buying ethanol and two others are seeking government approval to blend the biofuel into…

FERC Mulls Action on NY Denial for NatGas Pipeline

Mar 15, 2018

U.S. federal energy regulators gave themselves more time to decide whether to rehear their earlier order upholding New York's denial of a water permit for Williams Cos Inc's Constitution natural gas pipeline from Pennsylvania to New York. The…

Commodities' Dilemma: Strong Demand or Trade War Fears?

Mar 15, 2018

The tug-of-war between fundamentals and sentiment appears to be getting stronger for many commodities as the market tries to reconcile factors such as robust demand numbers from China and increasingly worrying rhetoric and actions from the United States…

Iran and Russia Sign Deal to Develop Two Oilfields

Mar 14, 2018

Iran and Russia signed a deal on Wednesday to develop two oilfields in Iran, according to Iranian state TV.The National Iranian Oil Company signed a deal with Russia’s Zarubezhneft to develop the fields, according to SHANA, the news site of the Iranian oil ministry…

ExxonMobil Expects to Resume Paying Australian Corporate Tax in 2021

Mar 14, 2018

ExxonMobil Corp said on Wednesday it is likely to resume paying corporate tax in Australia only in 2021, after recouping billions of dollars in investments made in the country in the past decade. The oil giant was grilled at an Australian Senate hearing on tax avoidance…

Saudi Cabinet Approves Nuclear Power Program National Policy

Mar 13, 2018

Saudi Arabia's cabinet approved on Tuesday the national policy of the atomic energy program, state news agency SPA reported.The national policy includes limiting all nuclear activities to peaceful purposes, within the limits defined by international treaties…

Current News

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FPSO Bacalhau Becomes World’s First Newbuild with DNV Emissions Abatement Notation

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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

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