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China's Energy Giants Return to Asian LNG Market as Sellers

Mar 09, 2018

Falling industrial demand and mild weather have turned China's energy giants into sellers of liquefied natural gas (LNG) in Asia for the first time since last year's massive import spree.Chinese players were on the receiving end of last year's doubling of LNG prices…

Sale of Maersk Oil to Total Complete

Mar 09, 2018

A.P. Møller - Mærsk A/S [A.P. Moller - Maersk] has received all regulatory approvals and has today completed the sale of Mærsk Olie og Gas A/S [Maersk Oil] to Total S.A. [Total], which was announced on 21 August 2017. A.P. Moller - Maersk…

Stalled Oil and Gas Exploration a Major Economic Risk

Mar 09, 2018

The latest Australian Bureau of Statistics (ABS) exploration data confirms that the slump in petroleum exploration in Australia continues. “Yesterday, the ABS released data for 2017, confirming that exploration in Australia is stalled.  Exploration expenditure is well below trend…

Trump Administration Seeks $100 bln Cut in U.S.-China Trade Deficit -WSJ

Mar 08, 2018

The Trump administration last week asked a top Chinese economic official for a $100 billon reduction in the U.S.-China trade deficit, the Wall Street Journal reported on Thursday, citing people familiar with the matter.The report comes one day after U…

China's Commodity Imports Remain Robust: Russell

Mar 08, 2018

It's safe to dismiss any impression that China's imports of major commodities such as crude oil and iron ore were weak in February, despite the numbers suggesting as much. The timing of the Lunar New Year holiday usually affects when imports…

Shell's Gas Production Could Dwarf Oil By 2050 -CEO

Mar 07, 2018

Royal Dutch Shell could boost the share of natural gas production to triple that of oil in order to meet self-imposed goals to halve carbon emissions by 2050, Chief Executive Ben van Beurden said on Wednesday.Speaking at the CERAWeek conference by IHS Markit in Houston…

First LNG from Cheniere US to GAIL India

Mar 06, 2018

Cheniere Energy and GAIL (India) today marked the commencement of their 20-year Sale and Purchase Agreement (SPA) to supply U.S.-sourced liquefied natural gas to India from Cheniere’s Sabine Pass liquefaction facility in Louisiana, with one of GAIL’s first shipments departing from the facility…

Russia Must Speed Up European Gas Pipeline Projects - Novak

Mar 06, 2018

Russian Energy Minister Alexander Novak said on Tuesday that Russia should speed up work on agreeing gas export pipeline projects in Europe due to tensions with Ukraine over transit gas.'In my opinion, we should speed up (the realisation of projects) to mitigate the risks we're having today…

Aramco IPO Venue up for Grabs

Mar 06, 2018

Saudi Crown Prince Mohammed bin Salman's upcoming trip to Britain and the United States could shape the decision on where to list oil giant Aramco, at a time when sources say the chances of London and New York hosting the IPO appear to be receding…

U.S. Crude Exports to Asia Slump as WTI Outperforms

Mar 06, 2018

Exports of U.S. crude oil to Asia appear to be starting to struggle under the weight of a narrowing discount for its domestic benchmark crude to international grades and efforts by other suppliers to maintain competitiveness. Vessel-tracking and port data suggest Asian imports of U…

Oil Rises as Korea Talks Boost Confidence

Mar 06, 2018

IEA sees strong global oil demand growth to 2023. Oil rose on Tuesday, paring earlier losses after South Korea said it would hold a summit with North Korea for the first time in more than a decade, which investors took as a cue to sell the U…

Oil Falls as U.S. Shale Growth Gathers Pace

Mar 05, 2018

IEA sees U.S. gaining market share from OPEC, predicts robust oil demand in next 5 years. Oil prices edged lower towards $64 per barrel on Monday on predictions of a major spike in U.S. oil output in the next five years. International benchmark Brent crude was down 8 cents…

How Shell Hid a Whale Before Placing Mexican Oil Bet

Mar 02, 2018

Announcement of Whale well discovery delayed until auction. The gasps in the audience were clearly audible at the auction of Mexico's oil blocks a month ago as Royal Dutch Shell's hefty bids were announced one by one. The size of Shell's…

Philippines, China Mull South China Sea Energy Cooperation

Mar 02, 2018

The Philippines on Friday identified two areas in South China Sea where joint exploration for oil and gas may be undertaken with China, including one in territory that both sides have argued over for years. The two countries have agreed…

Maersk, McDermott Complete Contract off India

Mar 02, 2018

Maersk Supply Services said it has completed the first contract for one of its Stingray-Class newbuild subsea support vessel, Maersk Installer, with McDermott.Maersk Installer joined the project in January 2018, supporting the Vashishta development off the East Coast of India…

Current News

Philippines Defends Malampaya Gas Deal with Duterte's Ally after Graft Complaint

Philippines Defends Malampaya Gas Deal with Duterte's Ally after Graft Complaint

Seismic Survey: Bluepulse from Sercel Designed for 'Sensitive' Marine Areas

Seismic Survey: Bluepulse from Sercel Designed for 'Sensitive' Marine Areas

Intellian, Inmarsat Launch New FleetBroadband Terminals

Intellian, Inmarsat Launch New FleetBroadband Terminals

Indonesia Cuts Oil and Gas Production Targets

Indonesia Cuts Oil and Gas Production Targets

Report: As Power Crisis Worsens, India Presses Qatar for Delayed LNG Cargoes

Report: As Power Crisis Worsens, India Presses Qatar for Delayed LNG Cargoes

Opinion: Global Oil Market is Tight, Despite what Producers Say

Opinion: Global Oil Market is Tight, Despite what Producers Say

Several Workers Injured in Refinery Fire in Kuwait

Several Workers Injured in Refinery Fire in Kuwait
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