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Tellurian to Start Building LNG Export Plant in 2019

Nov 07, 2018

U.S. liquefied natural gas company Tellurian Inc said on Wednesday it expects to start construction on its Driftwood LNG export terminal in Louisiana in the first half of 2019 and begin operations in 2023.Chief Executive Meg Gentle said in the…

Petrobras CEO Not Expected to Stay On

Nov 07, 2018

Brazil's right-wing President-elect Jair Bolsonaro said on Wednesday that the chief executive of state-controlled oil company Petroleo Brasileiro SA, Ivan Monteiro, is not expected to stay on during the new administration.Speaking to reporters…

Lightsource BP Expands US Portfolio

Nov 07, 2018

Lightsource BP, Europe's biggest solar energy developer, will expand its U.S. portfolio after signing a deal to build two solar projects, the UK-based company said on Wednesday.The 16 megawatt (MW) Wildflower Solar project will be built in California…

GOIL to Partner in Exxon Deepwater Field

Nov 07, 2018

Ghana has approved state-owned company GOIL as minority local partner for Exxon Mobil's deepwater offshore oilfield, Energy Minister Peter Amewu said on Wednesday.The West African nation is receiving 'huge interest' from international and local…

​​​​Cambodia to Boost Clean Energy Use

Nov 07, 2018

Cambodia will push ahead with plans to use hydropower and coal to electrify the entire country by 2020, but solar energy will play some role, especially in remote areas, an energy ministry official said on Wednesday.The Southeast Asian nation has electrified rapidly since 2000…

Gabon Launches Offshore Exploration Round

Nov 07, 2018

Gabon plans to scrap a 35 percent corporate tax on energy companies as part of a revised hydrocarbons law and has launched a new offshore oil and gas exploration licensing round for 34 blocks, Oil Minister Pascal Ambouroue said on Wednesday…

Eskom Plans Executive Layoffs

Nov 07, 2018

South Africa's cash-strapped power firm Eskom has approved a plan to cut executives jobs as it struggles to bring down operating costs, the utility said on Wednesday, the first step in the firm's proposed restructuring.'Eskom's operating costs…

Madagascar Opens Fresh Offshore Licensing Round

Nov 06, 2018

Island nation Madagascar puts 44 blocks  in the Morondava Basin up for grabs, detailing exploration and exploitation periods under production sharing contracts.In the framework of the development of Madagascar's oil and gas potential, the Malagasy…

Eco Marine Power, ClassNK to Collaborate

Nov 06, 2018

In another significant move towards commercial release of the EnergySail, Eco Marine Power (EMP) announced that it has begun collaboration with ClassNK (Nippon Kaiji Kyokai) to confirm design requirements and issues related to sea trials.According…

Chevron Names Green President of N. America E&P

Nov 06, 2018

Steven W. Green has been named president of Chevron North America Exploration and Production, succeeding Jeff Shellebarger, who is retiring from Chevron after 38 years of service.Green will transition from his current role as president of Chevron…

US Crude Oil Exports to China Stalled

Nov 06, 2018

The development that saw no U.S. seaborne exports of crude oil to China in August has continued into September, according to BIMCO. This is despite crude oil not being a part of the ‘official trade war’.“The trade war between the U.S. and China…

Kinder Morgan says Louisiana Natgas Pipe in Service for LNG Terminal

Nov 06, 2018

U.S. energy company Kinder Morgan Inc told federal regulators on Tuesday that it put part of the Louisiana natural gas pipeline in Louisiana into service:* The $122 million pipeline is designed to deliver up to 0.6 billion cubic feet per day…

US Allows Williams More Time for NY-Penn. Natgas Pipeline

Nov 06, 2018

U.S. energy regulators gave Williams Cos Inc two more years until December 2020 to get the approvals needed to build its long-delayed Constitution natural gas pipeline from Pennsylvania to New York, according to a federal filing made available on Tuesday…

Fred. Olsen Energy Proposes to Issue New Equity in Restructuring

Nov 06, 2018

Norwegian drillship and rig operator Fred. Olsen Energy, proposes to sell one of its drilling units and to issue $130-140 million in new equity to pay off debt, as part of a refinancing plan published on Tuesday.The proposal includes issuing about $90 million in new loan capital…

Republic of the Congo Launches Oil Exploration Licensing Round

Nov 06, 2018

The Republic of Congo has launched its latest oil exploration bidding round in Cape Town, offering 18 blocks in deep-water offshore and onshore sites in its efforts to boost production, the ministry of hydrocarbons said on Tuesday.Operators already in the country…

Current News

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Malaysia's Petronas Posts Q3 Profit, Warns of Continuing Market Volatility

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Inmarsat to Roll Out IoT Solution to More than 60 Zamil Offshore Vessels

Inmarsat to Roll Out IoT Solution to More than 60 Zamil Offshore Vessels
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