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AGL LNG Import Project Slowed by Environment Review

Oct 10, 2018

Plans by Australia's AGL Energy to start importing liquefied natural gas from 2021 will be delayed after the state of Victoria called for the company and its pipeline partner to submit a full environmental assessment of their project.The review process typically takes nine to 12 months…

World's Top Traders Divided on Oil Outlook as Iran Sanctions Loom

Oct 10, 2018

The world's biggest trading houses said on Wednesday they saw oil prices not falling below $65 per barrel and possibly breaking above $100 next year as U.S. sanctions on Iran reduce crude exports from the Islamic republic.The range of views…

Japanese Firms Sign Deals to Buy from LNG Canada

Oct 10, 2018

Two Japanese companies have signed agreements to buy liquefied natural gas (LNG) cargoes from the LNG Canada project, Reuters reported.Toho Gas Co signed a basic agreement with a wholly-owned subsidiary of Mitsubishi Corp to buy up to four cargoes or about 0…

Chevron becomes first oil major to exit Norway

Oct 10, 2018

U.S. oil firm Chevron will become the first oil major to formally exit the Norwegian continental shelf (NCS) as it transfers its last stake in an exploration license, according to a government letter.Oil majors, including Exxon Mobil, BP and Shell…

Trident Alliance calls for Adoption of Non-Compliant Fuel Carriage Ban

Oct 09, 2018

Trident Alliance, the shipping industry initiative for robust enforcement of maritime sulphur regulations in the interest of the environment, called for adoption without delay of IMO carriage ban for fuel with sulphur content over 0.5%, as a…

EU Readies 'Polluter Pays' for Ship Waste

Oct 09, 2018

The Transport Committee of the European Parliament adopted the Meissner report on the Port Reception Facilities and gave a mandate to the Rapporteur to start negotiations with the Council to finalise the text of the new law.The European Sea…

Storm Shuts Nearly 40% of US GoM Oil Output

Oct 09, 2018

Nearly 40 percent of daily crude oil production was lost from offshore U.S. Gulf of Mexico wells on Tuesday due to platform evacuations and shut-ins ahead of Hurricane Michael.Since Monday, oil producers, including Anadarko Petroleum Corp, BHP Billiton…

Chevron Eyes Houston Ship Channel for 2nd US Gulf Refinery

Oct 09, 2018

Chevron Corp wants to build or buy a refinery along the U.S. Gulf Coast to process crude oil from its rapidly growing Permian Basin operations, a senior executive said on Tuesday.The company would like to have refining operations on the Houston Ship Channel…

Pemex Announces 7 New Crude Finds

Oct 09, 2018

Mexican state oil firm Pemex said on Tuesday it has made seven new crude discoveries in the shallow waters of the Gulf of Mexico and said it could invest upward of $10 billion to develop six oil and gas fields.Pemex, which has been struggling with declining output for over a decade…

Pemex to Announce Light Crude Finds in Gulf of Mexico

Oct 09, 2018

Mexican state oil firm Pemex will on Tuesday announce findings of light crude in seven fields in the Gulf of Mexico, two people familiar with the matter told Reuters.Carlos Trevino, chief executive officer of Pemex told Mexican radio late on…

British North Sea Oil Costs, Spending on the Rise

Oct 09, 2018

The costs and operating expenditure needed to produce oil and gas in the British North Sea are set to rise both in overall and in per-barrel terms this year compared with 2017, the country's regulator for the sector said on Tuesday.Overall operating…

US Grants BP, Serica Licence to Run Iran-owned North Sea Field

Oct 09, 2018

BP and Serica Energy received a conditional licence from U.S. authorities to continue operating a North Sea gas field partly owned by Iran's national oil company, Serica said in a statement.The U.S. Office of Foreign Assets Control extended a licence for U…

RDIF, Schlumberger Aim to Reach Eurasia Drilling Deal Soon

Oct 09, 2018

Russia's RDIF sovereign wealth fund and U.S. oilfield services provider Schlumberger plan to complete a deal soon to buy a stake in Russia's Eurasia Drilling Company, RDIF boss Kirill Dmitriev was cited as saying by TASS news agency.Dmitriev…

U.S. Crude Rises as One-fifth of Oil Production Lost Ahead of hurricane

Oct 09, 2018

U.S. crude prices were modestly higher on Tuesday as nearly one-fifth of daily oil production was lost from offshore Gulf of Mexico wells due to Hurricane Michael.Oil producers including Anadarko Petroleum Corp, BHP Billiton, BP and Chevron…

SOCAR's New Oil Refinery in Turkey to Start Up Next Week

Oct 09, 2018

Azeri state energy company SOCAR plans to start up its new oil refinery in Turkey next week, a spokeswoman at SOCAR's Turkish division said on Tuesday.The $6.3 billion Star refinery, the first in Turkey built in 30 years, will supply feedstock…

Current News

China Moves Another 2 Million Barrels of Iranian Oil into Reserve Tanks

China Moves Another 2 Million Barrels of Iranian Oil into Reserve Tanks

ADNOC Taps McDermott for Fujairah LNG Plant FEED

ADNOC Taps McDermott for Fujairah LNG Plant FEED

Australia's LNG Industry Takes Risky Bet on Carbon Capture: Russell

Australia's LNG Industry Takes Risky Bet on Carbon Capture: Russell

Malaysia's Kimanis Crude Exports to Drop in July After Offshore Outage

Malaysia's Kimanis Crude Exports to Drop in July After Offshore Outage

Borr Drilling Finds More Work for Saga Jack-up Drilling Rig

Borr Drilling Finds More Work for Saga Jack-up Drilling Rig

Ørsted, TSS Hold Naming Ceremony for First Asia-built SOV

Ørsted, TSS Hold Naming Ceremony for First Asia-built SOV

Chevron Wraps Up Wheatstone Maintenance

Chevron Wraps Up Wheatstone Maintenance
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