Finland could in future receive gas from Norway via a network of pipes being planned through the Baltic countries and Poland, as part of an effort to reduce its dependency on gas imports from Russia.Helsinki and Tallinn are constructing a gas pipeline under the Gulf of Finland to Estonia…
U.S. crude stocks rose last week as imports climbed, while gasoline stocks decreased and distillate inventories fell, the Energy Information Administration said on Thursday.Crude inventories rose by 10.3 million barrels in the last week, compared with analysts' expectations for an increase of 3…
Russian President Vladimir Putin said on Thursday he had discussed the world oil market with U.S. President Donald Trump when both men were in Paris to mark the anniversary of the end of World War One.Putin, speaking to reporters on the sidelines of a regional conference in Singapore…
Oil rose on Thursday, steadying after losing nearly 7 percent over the previous three days, though concern about the prospect of an oversupplied market next year continued to weigh on prices despite OPEC's message that it may cut crude output…
China's Sinopec Corp said on Thursday it had started to operate the first phase of the Erdos-Anping-Cangzhou pipeline project in northern China, ahead of an expected operational date of early 2019.The pipeline, which connects gas production in the Erdos basin and users in Hebei province…
When U.S. President Donald Trump asked Saudi Arabia this summer to raise oil production to compensate for lower crude exports from Iran, Riyadh swiftly told Washington it would do so.But Saudi Arabia did not receive advance warning when Trump…
Aker BP said it will become the first oil company in Norway to control operations of a permanently manned offshore platform from land from next year.Operating platforms remotely can be done with fewer staff than doing it offshore and other oil…
The Abu Dhabi National Oil Company (ADNOC), has agreed, in principle, to extend to 2040 its gas supply agreement with ADNOC LNG, in coordination with ADNOC LNG’s joint venture partners, Mitsui, BP and Total.The the state-owned oil company of…
Russian maritime shipping company Sovcomflot has signed a new USD 149 million credit facility, for up to 10 years, with a consortium of three leading international banks, comprising: ING Bank, KfW IPEX-Bank GmbH, and Crédit Agricole Corporate and Investment Bank…
In a major developement, international consulting group COWI announced it plan to increase its presence in the USA significantly with the consultancy contract with Vineyard Wind in Massachusetts – the first major US offshore wind energy project…
The Scaldia solar park officially opened in North Sea Port, the logistical heart of Europe. The firm ib vogt installed more than 140,000 solar panels, making this the largest solar park in the Netherlands.The official opening took place with the symbolic starting of the generator…
Penspen, a provider of engineering and project management services to the energy industry, said it has been awarded a contract by Abu Dhabi National Oil Company (ADNOC) Onshore, with a value exceeding $70 million.The project is for the provision…
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…
The Abu Dhabi National Oil Company (ADNOC) said on Wednesday it would invest 5.1 billion dirhams ($1.4 billion) to upgrade and expand its onshore Bu Hasa field.The upgrade will increase crude oil production capacity to 650,000 barrels per day…
China's Changning shale gas field in southwestern Sichuan province will more than double its output during the winter heating season after putting new wells into operation, China's top oil and gas group CNPC said on Wednesday.Daily output at the field…
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