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Five-Year Deal: EnerMech to Service Chevron's Oil and Gas Facilities in Australia

Mar 10, 2021

UK-based oilfield services company EnerMech has won a five-year contract with Chevron to provide a range of integrated services to the U.S oil giant's Western Australian oil and gas facilities.  The deal will see EnerMech continue to deliver pipeline services including pipe cleaning…

Keppel Delivers Another LNG Vessel to Avenir LNG

Mar 10, 2021

Keppel Offshore & Marine has delivered its second newbuild LNG carrier, the Avenir Accolade, to Avenir LNG.The LNG carrier can also function as an LNG bunkering vessel (LBV), making it the third LBV that Keppel has delivered.'The dual-fuel Avenir…

India Asks Refiners to Cut Reliance on Middle East Oil after OPEC+ Decision

Mar 09, 2021

India has asked state refiners to speed up the diversification of oil imports to gradually cut their dependence on the Middle East after OPEC+ decided last week to largely continue production cuts in April, two sources said.India, the world's third biggest oil importer and consumer…

Report: Japanese Renewables Company JRE Up for Sale

Mar 09, 2021

Japanese renewables group JRE has been put up for sale by its owners, including Goldman Sachs, three people familiar with the matter said, a deal expected to draw interest from European firms eager to enter Japan's green power market.Japan Renewable…

Three Ships Carrying US Ethanol Head to China

Mar 08, 2021

Three ships carrying ethanol were heading to China from the U.S. Gulf Coast, three trade sources told Reuters on Monday, a sign that ethanol exports from the United States to the country are increasing drastically.The shipments may surpass the total amount of U…

Brent Tops $70 after Houthi Attack on Saudi Oil Export Hub

Mar 08, 2021

Yemen's Houthi forces fired drones and missiles at the heart of Saudi Arabia's oil industry on Sunday, including a Saudi Aramco facility at Ras Tanura vital to petroleum exports, in what Riyadh called a failed assault on global energy security…

AG&P Gets OK to Develop the Philippines LNG Import Terminal in Batangas Bay

Mar 08, 2021

- Atlantic Gulf & Pacific Company (AG&P) said on Monday its Philippines subsidiary has received the green light to develop a liquefied natural gas (LNG) import and regasification terminal in Batangas Bay, south of Manila.The firm, part owned…

Oil Surges After OPEC+ Extends Cuts

Mar 05, 2021

Oil prices jumped about 3% on Friday, hitting their highest levels in over a year, following a stronger-than-expected U.S. jobs report and decision by OPEC and its allies not to increase supply in April.Brent futures rose $2.10, or 3.2%, to $68…

LNG Shipping Market Primed for Growth

Mar 05, 2021

Liquefied natural gas (LNG) ships are set to receive an earnings boost from restocking demand after colder conditions drove a scramble for supplies and record high freight rates, a top LNG tanker player said.A cold snap in Europe and Asia in…

China to Accelerate Work on New Energy Sources, But Coal Remains in the Mix

Mar 05, 2021

China set a modest five-year growth target on Friday for its nuclear power generation capacity and promised quicker development of alternative energy sources as it seeks to cut its carbon footprint, but left its coal industry largely untouched…

Hybrid Accommodation Vessel MWV Falgout Delivered

Mar 04, 2021

The Chinese-built hybrid accommodation vessel MWV Falgout has been delivered to end client Brunei Shell Petroleum.The 80-meter vessel, a new purchase for Bruneian owners JISCO Marine Sdn Bhd, will be employed on long-term charter for the Bruneian oil and gas company…

Interview: Cloud Solution Promises to Drive Down CUI Maintenance Costs in O&G Industry

Mar 04, 2021

SAP SE and DNV GL - as of today known just as DNV - have recently announced a collaboration aimed at delivering a new industry cloud solution designed to tackle corrosion under insulation, a major problem facing the integrity of oil and gas plants…

Archer's Malaysian Agent Wins Extension with Petronas

Mar 04, 2021

Quarterback Services, the local agent of Archer Well Company has secured a one-year extension with Petronas Carigali for the provision of well downhole leak detection services using ultrasound technology.Archer said that the original contract had been for an initial period of three years…

More Work in Australia for Shearwater GeoServices

Mar 04, 2021

Offshore seismic survey services company Shearwater GeoServices has won a contract for a 3D multisensor marine seismic survey, in the Otway Basin, offshore Australia.'We see a solid, consistent level of activity in Australia where we have multiple projects booked in 2021”…

CERAWEEK: Energy Firms, Gov'ts Bet on Hydrogen Boom. Payday Far Away

Mar 03, 2021

Governments and energy companies are placing large bets on clean hydrogen playing a leading role in efforts to lower greenhouse gas emissions, but its future uses and costs are highly uncertain.'Without hydrogen by 2050 we cannot aim to be a net zero (carbon) economy…

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