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Arkas Bunkering, Sumitomo Corporation in LNG Bunkering Deal

Oct 21, 2018

Arkas Bunkering have signed a protocol with Japan-based Sumitomo Corporation for the use of liquefied natural gas (LNG) as bunker fuel in Turkish and nearby seas. As environmentally-friendly buildings, vessels and fuels have become more popular than ever…

US Rig Count Rises to Highest Since March 2015

Oct 19, 2018

U.S. drillers added oil rigs for a second week in a row this week, raising the rig count to the highest level since March 2015.Drillers added four oil rigs in the week to Oct. 19, bringing the total count to 873, General Electric Co's Baker…

STAR Oil Refinery to Reduce Turkey Dependence on Imports, says Erdogan

Oct 19, 2018

A new $6.3 billion refinery set up by the Azeri state oil company in Turkey will reduce Ankara's dependence on imports for processed oil products, President Tayyip Erdogan said on Friday.The new plant could also help to ease some of the pain from Turkey's currency crisis…

ENN Starts First Phase of Zhoushan LNG Import Terminal

Oct 19, 2018

Chinese gas distributor ENN Energy Holdings has begun operations at the first phase of its Zhoushan liquefied natural gas (LNG) import terminal, Vice President Ma Shenyuan said, speaking at a commencement ceremony for the terminal on Friday…

Aker BP Q3 Operating Profit Beats Forecast

Oct 19, 2018

Aker BP's third-quarter operating profit rose more than expected, helped by a boom in oil prices, the Norwegian oil firm said on Friday, while reducing planned capital and exploration spending.Earnings before interest and taxes (EBIT) rose to…

Hariga Oil Port Operating Normally Following Protest

Oct 19, 2018

Libya's eastern oil export port of Hariga on Friday was working normally a day after a protest there, port workers said.Late on Thursday, tribesmen staged a demonstration at the port’s gate in protest against the appointment of a government minister…

Oil Up But Set For Weekly Loss on Stock Build, Trade Row

Oct 19, 2018

Oil prices rose on Friday on signs of surging demand in China, the world's second-biggest oil consumer, although the market was heading for a second week of losses on rising U.S. inventories and concern that trade wars were curbing economic activity…

Low U.S. Gas Market Stocks Tempered by Mild El Niño Forecast: Kemp

Oct 19, 2018

U.S. natural gas stocks are going into winter at the lowest level for fifteen years despite a slightly faster rate of injections into storage over the summer than in 2016 or 2017.Low inventories have encouraged hedge funds to build their largest…

Schlumberger CEO Says Permian Growth Could Be Lower

Oct 19, 2018

Schlumberger NV Chief Executive Officer Paal Kibsgaard said on Friday that growth in the Permian basin could be lower than anticipated, and that pricing and demand for oilfield services in North America will remain soft in the fourth quarter…

BP Starts-up Thunder Horse Expansion in Deep-Water Gulf Field

Oct 19, 2018

Energy giant BP said that it has started up the Thunder Horse Northwest Expansion project in the deepwater Gulf of Mexico, four months ahead of schedule and 15 percent under budget.This is the fourth Upstream major project to begin production for BP globally so far this year…

Van Oord Bags Husky Energy's West White Rose Project

Oct 19, 2018

Dutch offshore and dredging services specialist Van Oord has been awarded the contract to carry out offshore installation works for the West White Rose Project of the east coast of Newfoundland, Canada.The project will give Canadian oil company…

CMA CGM Enters Sustainability Partnership with Panalpina

Oct 19, 2018

French ocean carrier CMA CGM and Panalpina, the world’s fourth biggest ocean freight forwarder by transport volumes, have signed a sustainability agreement aimed at reducing their respective carbon emissions by 2025.As of 2020, newbuild LNG-powered mega-vessels with a capacity of 22…

Advance Information of Berths in Ports Can Cut Cost and Emission

Oct 19, 2018

If seagoing vessels were better informed about the availability of berths and adapted their speed accordingly, substantial savings could be made in terms of fuel and CO2 emissions. This conclusion is based on a study that was recently commissioned…

SDX Terminates Talks Over BP's Egyptian Assets

Oct 19, 2018

North Africa-focused oil company SDX Energy has terminated talks for a potential acquisition of assets in Egypt from the oil giant BP.A press release from SDX announced that further to the announcement made on September 20, 2018, discussions…

Goldwind, DNV GL to Digitalize Certification Tools

Oct 18, 2018

One of the leading wind turbine manufacturers globally Goldwind and DNV GL, the world’s largest resource of independent energy experts and certification body have signed a Memorandum of Understanding (MoU) to cooperate on the development of…

Current News

Centrica and Thailand’s PTT Ink Long-Term LNG Supply Deal

Centrica and Thailand’s PTT Ink Long-Term LNG Supply Deal

Petrovietnam, Partners Sign PSC for Block Off Vietnam

Petrovietnam, Partners Sign PSC for Block Off Vietnam

Japan Protests China’s New Oil and Gas Construction Activities in East China Sea

Japan Protests China’s New Oil and Gas Construction Activities in East China Sea

CNOOC Signs Hydrocarbons Exploration and Production Deal with Kazakhstan

CNOOC Signs Hydrocarbons Exploration and Production Deal with Kazakhstan

Thailand's PTT to Buy LNG from Glenfarne's Alaska LNG Project

Thailand's PTT to Buy LNG from Glenfarne's Alaska LNG Project

Woodside and Jera Agree LNG Cargoes Supply for Japan’s Winter Period

Woodside and Jera Agree LNG Cargoes Supply for Japan’s Winter Period

Petronas Expands Suriname Portfolio with Deepwater Block Acquisition

Petronas Expands Suriname Portfolio with Deepwater Block Acquisition

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