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Oil Gains as OPEC Sticks to Supply Cuts

Feb 27, 2019

OPEC cuts expected to remain despite Trump pressure. Separately, oil supported by unexpected drop in U.S. inventories.Oil rallied for a second day on Wednesday, buoyed by an unexpected decline in U.S. crude inventories and after Saudi Arabia appeared undaunted by pressure from U…

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…

As Traders Tussle Turkmenistan Cuts Exports

Feb 19, 2019

A clash between trading house Vitol and Azerbaijan's SOCAR over Caspian Sea oil shipments is forcing Turkmenistan to slash exports of crude due to a lack of tankers.Turkmenistan typically exports about 200,000 tonnes of oil per month via the Caspian to world markets…

INPEX Selects NAPA for LNG Carrier Fleet

Feb 12, 2019

Japan's largest oil and gas exploration and production company INPEX Corporation has installed ClassNK-NAPA GREEN for monitoring operations on three of its liquefied natural gas (LNG) carriers.NAPA said that Inpex awarded a deal to the company…

MOL, Total Make Refueling Europe Easier

Feb 12, 2019

Japanese logistics giant Mitsui O.S.K. Lines (MOL) and French multinational integrated oil and gas company Total S.A. signed an agreement which will make travelling across Europe easier for their corporate customers.The agreement provides for…

Phillips 66 Reports Soaring Q4 Profit

Feb 08, 2019

U.S. refiner Phillips 66 reported a more than four-fold surge in fourth-quarter adjusted profit on Friday, helped by low crude prices that boosted refining margins.On an adjusted basis, net income rose to $2.26 billion, or $4.87 per share, in the quarter…

Oil Slips Below $62 as U.S. Inventories Rise

Feb 06, 2019

API reports increase in U.S. crude stocks; Venezuela sanctions yet to spark rally but still supportive.Oil fell below $62 a barrel on Wednesday after a report showed a rise in U.S. crude inventories, countering expectations of a tightening market in 2019 because of OPEC-led supply cuts and U…

Russia's Novatek Sees LNG from U.S. as its Threat

Jan 25, 2019

Leonid Mikhelson, the head of Russia's Novatek said on Friday that liquefied natural gas (LNG) from the United States as its chief threat, Interfax news agency reported.He said, according to Interfax, that LNG production in the U.S. enjoys cheap financing…

Libyan Oil Ports Es Sider, Brega Closed, Production Unaffected -NOC

Jan 24, 2019

The eastern Libyan oil ports of Es Sider and Brega have been closed due to bad weather but crude production has not been affected, an official from state oil firm NOC said.Storage capacity is sufficient for a few days and the remaining ports were open…

LNG Import: China is World's No. 2 buyer in 2018

Jan 23, 2019

China's imports of liquefied natural gas (LNG) in December soared 25 percent from the same period a year earlier to a monthly record of 6.29 million tonnes, customs data showed on Wednesday.The previous record of 5.99 million tonnes was set in November…

Wellit Partners with Norvestor

Jan 11, 2019

The owners of software company Wellit have decided to sell 60 percent of company shares to private equity company Norvestor.Wellit develops logistics solutions for the global oil and gas industry. Its software, WELS, is a cloud-based multi-tenant platform tailored to the oil and gas industry…

ABP, Peterson Sign Pact

Jan 07, 2019

The logistics and service provider to the offshore energy industry Peterson UK Limited has concluded a new long-term agreement with Associated British Ports Holdings (ABP) to establish a new operational and logistics base to the Port of Lowestoft…

Oil Rises Above $57 on China-U.S. Trade Talks, OPEC Cuts

Jan 04, 2019

Oil rose to above $57 a barrel on Friday after China said it would hold trade talks with the United States and a survey showed China's services sector expanded in December, while signs of lower crude supply also lent support.The Organization…

Challenge Peak Ships 1st Plant Condensate from Ichthys LNG Project

Jan 02, 2019

The oil products tanker operated by Singapore-based NYK Bulkship (Asia) Challenge Peak  has shipped the first batch of plant condensate produced at the onshore gas liquefaction plant of the INPEX-operated Ichthys LNG Project.According to a press…

Sempra Energy's Port Arthur LNG in Pact with PGNiG

Dec 20, 2018

Poland's state-owned gas company Polish Oil & Gas Company (PGNiG) and Port Arthur LNG, LLC, a subsidiary of Sempra Energy, have entered into a definitive 20-year sale-and-purchase agreement for liquefied natural gas (LNG) from the Port Arthur…

Current News

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Germany's RWE Widens Global Search for LNG Supplies

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Velesto Upgrades Two Jack-Up Rigs

Velesto Upgrades Two Jack-Up Rigs

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Petrobras Awards $130M Charter Extension for Sapura Esmeralda PLSV

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Vietnam Needs $8B -$14B Power Investment a Year Through 2030 - minister

Emergency Response Plans: Strohm's TCP Flowlines for Woodside's Scarborough Offshore Gas Field

Emergency Response Plans: Strohm's TCP Flowlines for Woodside's Scarborough Offshore Gas Field

MODEC, Toyo to Form Engineering JV for Large-Scale FPSOs

MODEC, Toyo to Form Engineering JV for Large-Scale FPSOs
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