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Latest News - page 363

 

U.S. Fracking Shrinks by 25% in 2H2018

Feb 24, 2019

The new median estimate for nationwide fracking activity in December 2018 suggests 36 frac jobs per day, said a research.The energy research and business intelligence company Rystad Energy revealed in a study that 25% contraction in fracking…

Oil and Gas Projects to Triple in 2019

Feb 24, 2019

A surge in final investment decisions (FIDs) this year on new petroleum projects worldwide could see sanctioned volumes of oil and gas – excluding shale and tight oil and gas prospects – nearly triple compared to last year’s tally.The collective…

Pronto Reduces Bunker Delays

Feb 24, 2019

The number of Maersk vessels experiencing delay at APM Terminals at Maasvlakte II as a consequence of bunker activities reduced significantly during a Pronto pilot.The involved parties explain how real-time insight into each other’s scheduling helps prevent bottlenecks…

Moog Focal Products for APL Norway AS

Feb 22, 2019

A Floating Storage and Offloading project in the Norwegian Sea is to benefit from high-end products for data and process control from MacArtney & Moog Focal.MacArtney has secured a contract from APL Norway AS, a Norwegian Mooring and Loading…

Repsol Signs Deal for Brittany Ferries' New LNG Ship

Feb 22, 2019

Repsol signs supply deal for Brittany Ferries' new LNG ship* Spanish energy company Repsol has signed an agreement with Brittany Ferries to deliver liquefied natural gas (LNG) to its Spanish operations, it said on Friday.* Under the agreement…

Venture Global Gets Approval for Louisiana Facility

Feb 22, 2019

Venture Global LNG Inc said on Friday it has received regulatory approval for its Calcasieu Pass LNG export facility and the TransCameron Pipeline in Louisiana.Venture Global, which plans to immediately begin construction on the project, said…

Exxon, Microsoft Ink Cloud Computing Deal for U.S. Shale

Feb 22, 2019

Exxon Mobil Corp and Microsoft Corp have agreed to use cloud technology in the U.S. oil producer's shale operations, they said on Friday, helping to boost profitability in the nation's largest shale field.The companies will collect data from…

Former Enron CEO Jeffrey Skilling Released

Feb 22, 2019

Jeffrey Skilling, the onetime chief of Enron Corp who was sentenced to 24 years in prison for his conviction on charges stemming from the company’s spectacular collapse, has been released from federal custody, the Houston Chronicle reported on Thursday…

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…

Shell Shrugs off Brexit, Eyes UK Offshore Wind

Feb 22, 2019

Shell plans to enter Britain’s offshore wind market by acquiring seabed leases or taking stakes in existing projects, despite the country's impending departure from the European Union, the head of the company's New Energies division said.Oil…

Coal's Uncertain Future and Glencore's Output Cap

Feb 22, 2019

It's been weird in the coal world in recent days, with the world's largest shipper saying it's capping output, biggest seaborne buyer China putting restrictions on some imports, and an Australian court saying mines must factor in climate change…

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…

FPS Market in Americas to Grow 7%

Feb 22, 2019

The floating production systems (FPS) market in Americas will register a CAGR of almost 7% by 2023, said a study.The need to meet the increase in demand for energy for both export and domestic consumption in the region is driving the growth of offshore oil and gas activities…

EMEC Tidal Lease Extended

Feb 22, 2019

The European Marine Energy Centre has secured a lease extension on its primary tidal energy test site until 2040 from Crown Estate Scotland.The extension will support the long-term ambitions and demonstration plans of EMEC’s clients.The grid…

Repsol Unveils Big Gas Discovery in Indonesia

Feb 22, 2019

Spanish energy giant Repsol has made a substantial natural gas discovery in Indonesia along with its partners, Malaysia's Petronas and Japan's Mitsui Oil Exploration (Moeco).The company described the discovery in South Sumatra as 'the largest…

Current News

BP Adds Three Exploration Blocks off Indonesia

BP Adds Three Exploration Blocks off Indonesia

Indonesia Signs Eight Oil and Gas Contracts

Indonesia Signs Eight Oil and Gas Contracts

Inpex Inks Abadi LNG Gas Supply Deal With Indonesian State Firms

Inpex Inks Abadi LNG Gas Supply Deal With Indonesian State Firms

Energean Cuts 2026 Output Forecast After Israel Shutdown

Energean Cuts 2026 Output Forecast After Israel Shutdown

Wison Starts Topsides Fabrication for Türkiye’s Sakarya Deepwater FPU

Wison Starts Topsides Fabrication for Türkiye’s Sakarya Deepwater FPU

Oil Prices Ease as US Holds Off Renewed Strikes Against Iran

Oil Prices Ease as US Holds Off Renewed Strikes Against Iran

Velesto Secures Malaysia Drilling Deal with Hibiscus

Velesto Secures Malaysia Drilling Deal with Hibiscus

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