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Oil Edges Up Despite Trump's OPEC Pressure

Feb 26, 2019

U.S. crude inventories seen up for sixth week; prices helped by OPEC cuts, U.S. sanctions.Brent oil edged up to $65 a barrel on Tuesday as Saudi Arabia and the rest of OPEC were expected to stick to their production cuts, despite renewed pressure from U…

Shell: Nigeria Tax Claim May Delay Offshore Field

Feb 26, 2019

Shell upstream boss Brown sees 'no merit' in tax claim. Separately, Shell to fast track Whale development in Gulf of Mexico.Royal Dutch Shell said on Tuesday that Nigeria's claims that it was owed billions in taxes could delay the development…

Trump Warns Saudi Arabia on Oil Prices

Feb 25, 2019

U.S. President Donald Trump has warned OPEC not to tighten the oil market too much and risk another spike in prices that could harm the global economy – and his re-election campaign in 2020.“Oil prices getting too high,” the president warned in a message posted on Twitter on Monday…

Brent Hits 2019 High on U.S.-China trade Hopes

Feb 22, 2019

U.S. crude stocks rise to 454.5 mln barrels as crude exports from U.S. hit record 3.6 mln bpd.Oil prices rose on Friday, supported by OPEC's ongoing supply cuts and hopes that Washington and Beijing may soon end their trade dispute.International Brent crude futures hit a new 2019 high of $67…

Bad Choices cost Pemex $1 bln

Feb 22, 2019

Mexico's state-oil company Pemex burned through $665 million at its fertilizer unit, ignored consultants and made high-risk investments with no discernible business strategy, according to a devastating government audit of its 2017 operations…

Bids for Small Refinery Waivers Flood into EPA

Feb 21, 2019

The U.S. Environmental Protection Agency has received 37 applications for small refinery waivers for 2018 from the U.S. Renewable Standard (RFS) through mid-February, according to data released on Thursday by the agency.The 37 applications matches the total the EPA received last year…

Citgo's New Board Arrives, to Hold First Meeting

Feb 21, 2019

A board of directors appointed this month by Venezuela's opposition-controlled congress to run state-owned oil firm PDVSA's U.S. unit Citgo Petroleum on Thursday was arranging its first meeting at the company's headquarters, according with two people familiar with the matter…

Traders bet on Saudis, White House Lifting Oil Prices

Feb 21, 2019

Oil traders are becoming very bullish on the outlook for prices, betting that Saudi Arabia will do whatever it takes to tighten the market even if consumption growth slows, helped by U.S. sanctions on Iran and Venezuela.Brent's calendar spread…

South Africa: Has Up to 60 tcf of Offshore Gas Potential

Feb 15, 2019

South Africa, where oil major Total recently made a big offshore discovery, said on Friday it had potential gas resources of up to 60 trillion cubic feet in waters off its coast.Last week Total's chief executive said its offshore discovery probably contained 1 billion barrels of total resources…

Port Arthur LNG Gets Permits

Feb 03, 2019

U.S. energy company and LNG operator Sempra Energy said that its Port Arthur LNG export terminal has moved one step closer to obtaining a federal permit.The Federal Energy Regulatory Commission (FERC) released a positive environmental impact statement for the project on Thursday…

Sunoco Pipeline to Pay $5.4 mln for Oil Spills

Jan 31, 2019

Pipeline operator Sunoco Pipeline LP has agreed to pay roughly $5.4 million to settle claims over crude oil spills from 2013 to 2015 in three U.S. states, the U.S. Department of Justice said in a statement late on Wednesday.* Sunoco, an Energy Transfer LP unit…

Lundin Granted North Sea Drilling Permit

Jan 30, 2019

The Norwegian Petroleum Directorate (NPD) has granted Lundin Norway AS a drilling permit for a wildcat well in the North Sea.The NPD said on Tuesday that the wildcat well, designated 16/1-31 S, would be drilled from the Leiv Eiriksson drilling…

Senegal Awards LNG, Oil Advisory Job to Doris Engineering

Jan 27, 2019

French engineering services provider Doris Engineering has been awarded an advisor contract by the Senegalese ministry of petroleum and energies for the development of oil & gas projects offshore Senegal.This two-year mission consists in reviewing…

Offshore Terminal Plan Slowed by U.S. Shutdown

Jan 24, 2019

The U.S. government shutdown has delayed Enterprise Products Partners LP's plan to build a major U.S. crude export terminal off Houston, blocking the pipeline operator from filing paperwork with U.S. regulators, an executive said on Wednesday…

China OKs 6.7GW Offshore Wind

Jan 23, 2019

The Chinese province of Jiangsu has approved 24 offshore wind power projects with a total capacity of 6.7 gigawatts (GW).The country's state press agency Xinhua reported citing sources with the State Grid Jiangsu Electric Power Company that the newly approved projects…

Current News

Roc Oil Books Velesto Jack-up Rig

Roc Oil Books Velesto Jack-up Rig

All 47 Turbines Installed at Formosa 2 Offshore Wind Project

All 47 Turbines Installed at Formosa 2 Offshore Wind Project

Exxon Banks Record $56B Profit in '22

Exxon Banks Record $56B Profit in '22

Offshore Wind: Floating Wind is the Future

Offshore Wind: Floating Wind is the Future

U.S. Major ExxonMobil Faces $220M Tax Claim from Russia

U.S. Major ExxonMobil Faces $220M Tax Claim from Russia

Japan's Marubeni Starts Commercial Ops at Akita Offshore Wind Farm

Japan's Marubeni Starts Commercial Ops at Akita Offshore Wind Farm

Samsung Heavy Delivers LNG Pair for MISC

Samsung Heavy Delivers LNG Pair for MISC
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