Spanish energy company Repsol trimmed its full-year earnings outlook on Wednesday as lower oil prices and refining margins weighed on profits, but a share buy-back and better than expected results bolstered its stock.Repsol proposed buying and cancelling 5% of its outstanding shares…
The Abu Dhabi National Oil Company (ADNOC) signed an agreement on Wednesday with Indonesia's state-owned energy company PT Pertamina for oil and gas collaboration in both countries and globally, ADNOC said in a statement.The comprehensive strategic…
The Supreme Court in London will hear an appeal by Nigerian farmers and fishermen to pursue claims in England against oil major Shell over oil spills in the Niger Delta, lawyers for the two affected communities said on Wednesday.The decision…
The Italian electric power transmission specialists Prysmian, German multinational conglomerate Siemens and Swedish cable manufacturer have secured contracts worth a total 1.1 billion euros ($1.2 billion) to build the world’s longest subsea power cable…
Russian oil company Lukoil has exceeded 15 million metric tons of cumulative output from its Vladimir Filanovsky field in the Caspian Sea.Moscow-headquartered multinational energy corporation said that full-scale commercial operation of the project started in the fall of 2016…
International asset integrity specialist EM&I Group received an order from a major Japanese FPSO operator for an FPSO based offshore New Zealand.The order initially for tank inspection during which time EM&I’s ‘NoMan’ robotic tank inspections…
French maritime firm Louis Dreyfus Armateurs (LDA) Group announced that its subsidiary Louis Dreyfus TravOcean has signed its first contract related to the development of offshore windfarms in France.The transport and logistics company said that the contract for supply…
Total oil flows through the Suez Canal and the SUMED pipeline accounted for about 9% of total seaborne traded petroleum in 2017, and LNG flows through the Suez Canal and the SUMED pipeline accounted for about 8% of global LNG trade.'The Suez…
The world’s largest liquefied natural gas (LNG) producer Qatargas Operating Company Limited (Qatargas) has delivered the first LNG cargo onboard a Q-Flex vessel to Greece’s Revithoussa LNG terminal.Doha-based global energy operator said in a…
The Trump administration is split over whether to renew a license this week for energy company Chevron Corp's operations in Venezuela, with Secretary of State Mike Pompeo supporting a renewal and others opposing it, three sources with knowledge of the matter said on Tuesday…
The former head of Tanzania's state company oil is being reinstated by Tanzanian President John Magufuli, after the executive was suspended in 2016 over claims of abuse of office, the presidency said.James Mataragio, who was the managing director…
Freeport LNG has reached final commissioning on Train 1 of its liquefaction project on Quintana Island in Freeport, Texas, following months of construction delays.American multinational engineering firm McDermott International along with its partners…
Russian natural gas producer Novatek said it had completed the sale of stakes in its Arctic LNG-2 project to two Chinese companies and a consortium of two Japanese companies.The second largest natural gas producer in Russia announced the closing…
Global certification group DNV GL has launched its first LiDAR verification site in Asia to cater for the growing windpower market.The world’s largest resource of independent energy experts and certification body said in a press release that the site…
Indonesia has agreed to extend the production sharing contract for the Corridor natural gas block with ConocoPhillips, Spain's Repsol SA and Pertamina, Deputy Energy Minister Arcandra Tahar said on Monday.The existing contract will expire in…
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