Brazil auctioned off six port terminals for liquid fuels in the northern state of Para to private operators on Friday, with subsidiaries of state-run oil company Petroleo Brasileiro SA winning two of the areas.The government raised nearly 450…
Italy's Eni has carried out internal audits in a slander case relating in part to a Nigeria corruption scandal, and a source with knowledge of the matter said the review could prompt some management changes at the oil major.Eni and its Anglo…
Lebanon announced on Friday five offshore blocks to be included in its coming bidding round for energy exploration and production licences, including four along disputed maritime borders.Offshore energy development has been a central ambition for successive governments in cash-strapped Lebanon…
AMS Trenchless Specialists, North Lincolnshire-based engineering company, has won a huge contract for part of the onshore cable works for Hornsea Two, an offshore wind farm being constructed 89km off the Yorkshire Coast.AMS Trenchless Specialists…
The energy research and business intelligence company Rystad Energy expects that a short-lived price rally through the first half of 2020 as oil prices approach $70 a barrel.It will then lose momentum and be replaced by a need for additional…
Russian maritime shipping company specializing in petroleum and LNG shipping Sovcomflot (SCF Group) has just celebrated the tenth anniversary of the start of LNG shipments from the Sakhalin-2 project.In March 2009, SCF’s LNG carrier Grand Aniva…
Dutch ferry firm Rederij Doeksen has signed a liquefied natural gas (LNG) bunker supply agreement with Titan LNG, which supplies and transports LNG to marine markets.Both the companies have signed a long-term agreement for the supply of LNG as a shipping fuel to the newbuild ferries…
U.S. crude stocks rose unexpectedly last week as imports climbed, while gasoline stocks decreased and distillate inventories fell, the Energy Information Administration said on Wednesday.Crude inventories rose by 7.2 million barrels in the last week…
Colombia's state-run oil company Ecopetrol has signed a joint contract with Spain's Repsol to operate an offshore block in the Caribbean, Ecopetrol said on Wednesday.The contract for the GUA-OFF-1 block is the second new offshore deal Ecopetrol has inked with the Colombian government this year…
The field of prospective bidders for Dutch energy company Eneco has narrowed as initial interest from big electricity players including France's Engie and Austria's Verbund has fizzled out, sources close to the matter said.The 53 municipalities that currently own Eneco…
Oil prices steadied on Wednesday after Brent pushed towards a nearly five-month high of $70 a barrel on OPEC-led supply cuts and U.S. sanctions, with gains capped by a surprise increase in American inventories.Brent futures had moved up 24 cents…
The liquefied natural gas arm of oil giant Shell has become the first customer at U.S. company NextDecade Corp 's proposed $15 billion Rio Grande LNG export terminal at the Port of Brownsville.NextDecade signed a 20-year binding sales and purchase…
Norwegian Petroleum Directorate (NPD), Norwegian government agency responsible for the regulation of the petroleum resources on the Norwegian continental shelf, has presented a report on petroleum activity in the High North at the Barents Sea conference…
The world’s publicly listed oil and gas companies are bringing in cash at the best rate ever witnessed even though oil prices have only partially recovered from the huge drop suffered in 2014 and 2015.According to a report by Rystad Energy, energy research and business intelligence company…
Japan’s LNG importing giant JERA and global wholesale energy markets player EDF Trading have completed the transaction to merge their LNG optimization and trading activities into JERA Global Markets (JERAGM), the new name for JERA Trading.JERAGM is now the exclusive LNG optimiser for JERA and EDF S…
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