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UK Offshore Licensing Round 'Encouraging'

Nov 14, 2018

The U.K.’s latest offshore licensing round has attracted 36 applications covering 164 blocks in frontier areas of the U.K. Continental Shelf (UKCS). A strong and diverse set of applications were received from 35 companies ranging from multinationals to microbusinesses…

China Names CNPC Exec Top Energy Official

Nov 14, 2018

China's government has appointed a senior oil industry executive as the country's top energy official, state-run media China Energy News reported on Wednesday.Zhang Jianhua, president of China's largest oil and gas group CNPC, has been named director of the National Energy Administration…

Groningen Gas Production Pared

Nov 14, 2018

The Dutch government on Wednesday confirmed plans to gradually scale back production at the Groningen gas field, beginning with a reduction to 19.4 billion cubic meters (bcm) in the current 2018-2019 year that began in October.In a statement…

U.S. Calls on Hungary and Neighbors to Shun Russian Gas Pipelines

Nov 13, 2018

U.S. Energy Secretary Rick Perry called on Hungary and its neighbours to reject Russian gas pipelines which Washington says are being used to cement Moscow's grip on central and eastern Europe.Energy diversification would be crucial for the region…

Impact of U.S. Court Ruling on Keystone XL Timing Unclear-TransCanada

Nov 13, 2018

TransCanada Corp is reviewing a decision by a Montana judge blocking construction of the Keystone XL pipeline expansion, but the impact on project timing remains unclear, the company's top crude pipeline executive said on Tuesday.'We're going through the decisions…

EU Lawmakers Set Energy Efficiency, Renewables Targets

Nov 13, 2018

European Union lawmakers on Tuesday targeted energy savings of 32.5 percent and a renewable energy uplift of 32 percent by 2030, in a push to meet the bloc's pledge under the Paris climate accord to curb global warming.National governments now…

Oil Down After Trump Urges OPEC Not to Cut Supply

Nov 13, 2018

Oil prices fell more than 2 percent on Tuesday after U.S. President Donald Trump put pressure on OPEC not to cut supply to prop up the market.Brent dropped $1.97 a barrel, or 2.8 percent, to a low of $68.15 before recovering to around $68.52…

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…

Trump Hopes OPEC Won't Cut Production

Nov 12, 2018

U.S. President Donald Trump on Monday said he hoped there would be no oil output reductions, after Saudi Arabia said OPEC was considering cutting oil supply next year, citing softening demand.'Hopefully, Saudi Arabia and OPEC will not be cutting oil production…

US Judge Halts Keystone XL Oil Pipeline

Nov 09, 2018

A U.S. judge in Montana has halted construction of the Keystone XL pipeline designed to carry heavy crude oil from Canada to the United States, drawing a sharp rebuke on Friday from President Donald Trump.The ruling of a U.S. Court in Montana…

UK Petroleum Reserves Could Sustain Production for 20 Years

Nov 08, 2018

The U.K.’s oil and gas reserves remain at a level which could sustain production for at least the next 20 years and beyond if additional undeveloped resources can be matured, according to the U.K. Oil and Gas Authority (OGA).OGA’s ‘UK Oil and Gas: Reserves and Resources’ report…

Oil Drops as Rising Global Supply Forces Price U-Turn

Nov 08, 2018

Oil neared three-month lows on Thursday, surrendering early gains as investors focused on global crude supply, which is increasing more quickly than many had expected.Chinese data earlier in the day that showed record oil imports offered some…

Rosneft Snubs Government Oil Meeting

Nov 08, 2018

Russia's largest oil firm, Rosneft, snubbed a meeting chaired by Energy Minister Alexander Novak on Thursday aimed at consulting domestic energy companies as leading global producers signal a possible cut in crude output.A return to oil production…

GOIL to Partner in Exxon Deepwater Field

Nov 07, 2018

Ghana has approved state-owned company GOIL as minority local partner for Exxon Mobil's deepwater offshore oilfield, Energy Minister Peter Amewu said on Wednesday.The West African nation is receiving 'huge interest' from international and local…

Gabon Launches Offshore Exploration Round

Nov 07, 2018

Gabon plans to scrap a 35 percent corporate tax on energy companies as part of a revised hydrocarbons law and has launched a new offshore oil and gas exploration licensing round for 34 blocks, Oil Minister Pascal Ambouroue said on Wednesday…

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Ørsted Opens Offshore Wind Operations and Maintenance Hub in Taiwan

Ørsted Opens Offshore Wind Operations and Maintenance Hub in Taiwan
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