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Merkel: Germany Will Accelerate Plans to Build LNG Terminal

Nov 02, 2018

Chancellor Angela Merkel said on Friday that Germany would speed up its plans to build a liquefied natural gas (LNG) terminal as Europe's largest economy seeks to diversify its energy supply.Merkel also said that Ukraine would remain an important…

Encana Widens N. America Reach with $5.5 bln Newfield Deal

Nov 01, 2018

Canada's Encana Corp will buy Newfield Exploration Co for $5.5 billion, giving the natural gas producer greater access to North America's biggest oilfields.Thursday's all-stock deal will give Encana more acreage in United States' Anadarko and Permian basins as well as Canada's Montney regions…

Sovcomflot's Lomonosov Prospect Transists Northern Sea Route on LNG

Oct 31, 2018

PAO Sovcomflot (SCF Group)'s large-capacity  LNG-fueled Aframax tanker Lomonosov Prospect has successfully completed its first commercial voyage along the Northern Sea Route (NSR) to deliver a cargo of petroleum products from the Republic of Korea to Northern Europe…

Cheniere to Commission 1st Corpus Christi LNG Cargo

Oct 30, 2018

Cheniere Energy will commission the first liquefied natural gas (LNG) cargo from its new Corpus Christi export terminal on Nov. 15, the Texas port's chief executive said on Tuesday.The commissioning of the cargo, months ahead of schedule, will…

Venezuela, Mexico Divert Crude to U.S. as Canadian Barrels Get Stuck

Oct 26, 2018

Cash-strapped state-run oil companies in Mexico and Venezuela have begun diverting crude historically processed for domestic use and sending it to U.S. refiners now facing transportation constraints to secure similar grades from Canada, data shows…

Oil Rises as Fuel Drawdown Sparks Rebound

Oct 24, 2018

Saudi assurance on oil supplies, economic worries weigh as two China state refiners to skip Iran oil bookings for November. Oil prices jumped on Wednesday, rebounding after several days of weakness as a much bigger-than-expected drawdown in U…

Britain's Isle of Grain Set to Receive Yamal Cargo

Oct 22, 2018

Britain's Isle of Grain port is set to receive liquefied natural gas tanker Eduard Toll on Oct. 28, Refinitiv Eikon shipping data showed on Monday.The tanker, with a capacity of 172,000 cubic metres, is travelling from Russia's arctic Yamal LNG facility.Reporting by Sabina Zawadzki

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…

Gazprom in Talks with China on Extra Gas Supplies

Oct 04, 2018

Russia's Gazprom is in talks with China about additional gas supplies via the Power of Siberia pipeline, Interfax news agency cited Gazprom's CEO Alexei Miller as saying on Thursday.Interfax cited him as saying that the existing contract was…

Shell's LNG Canada Seen as Tip of Megaproject Iceberg

Oct 02, 2018

The launch of a massive liquefied natural gas (LNG) export project in Canada has finally fired the starting gun on a wave of plan approvals around the world, needed to avoid a supply crunch after 2020.Royal Dutch Shell said it would export LNG…

MSC to Introduce Global Fuel Surcharge

Sep 24, 2018

Improving the environmental performance of the container shipping supply chain is a common goal shared by shipping lines, shippers, freight forwarders and non-vessel operating common carriers, as well as governments, regulators, and the public around the world…

New Service for Offshore Blade Inspections

Sep 24, 2018

WTG blade assessments are usually costly and time consuming. EWPL Ocean aggregates tasks and wind turbines in scope for blade assessment into its service train and can offer this service at an attractive price, with no weather risk.ESVAGT said it has joined forces with Wind Power Lab…

LNG Shipping Rates Spike With no Respite Seen Through 2019

Sep 21, 2018

The price of shipping liquefied natural gas (LNG) has spiked in September and is likely to remain high next year, buoyed by rising production from new plants and concerns that demand for LNG vessels will outpace supply.The rate for vessels shipping…

China Will Buy More LNG, but Wants it Smoother, Less Lumpy: Russell

Sep 04, 2018

China appears set to once again boost its purchases of liquefied natural gas (LNG) for the northern winter, but unlike last year's rush, this time the process is likely to be more organised and stable.In recent weeks there have been several…

Now you see it, now you don't: oil surplus vanishes ahead of Iran deadline

Aug 30, 2018

An overhang of homeless crude in the Atlantic Basin has halved in recent weeks, suggesting oil traders are bracing for a further supply loss from Iran due to U.S. sanctions and a new rally in prices.Iran's oil exports are already dropping fast…

Current News

Jadestone Shutting Down Montara FPSO Output to Fix Tank Issues

Jadestone Shutting Down Montara FPSO Output to Fix Tank Issues

ADNOC L&S Wins $1.17B Contract for 13 Jack-up Barges

ADNOC L&S Wins $1.17B Contract for 13 Jack-up Barges

Uniper Looking to Swap Australian LNG for Atlantic Gas to Supply Europe Quicker

Uniper Looking to Swap Australian LNG for Atlantic Gas to Supply Europe Quicker

Indonesians Must Prepare for a Potential Fuel Price Hike, Minister Says

Indonesians Must Prepare for a Potential Fuel Price Hike, Minister Says

Australian States Press for Gas Exporters to Boost Local Supply

Australian States Press for Gas Exporters to Boost Local Supply

Danish Firm Wants to Build 3GW Offshore Wind Farm in Australia

Danish Firm Wants to Build 3GW Offshore Wind Farm in Australia

Sembcorp Marine Cuts Losses as Easing COVID Curbs Aid Project Deliveries

Sembcorp Marine Cuts Losses as Easing COVID Curbs Aid Project Deliveries
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