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India Cuts Iranian Oil Imports Ahead of Sanctions

Jul 11, 2018

Indian refiners cut imports of Iranian oil last month as they started weaning their plants off crude from the country to avoid sanctions by the United States that are set to take effect in November.India's monthly oil imports from Iran declined to 592…

Nordex scores biggest ever single contract

Jul 10, 2018

German wind turbine maker Nordex on Tuesday said it had won a contract to supply and install 191 wind turbines with a capacity of 595 megawatts in Brazil, marking the company's biggest ever single contract to date.The order from Italian utility Enel is for the Brazilian wind farm Lagoa dos Ventos…

Liftboat Milaha Explorer Deployed off West Africa

Jul 10, 2018

Qatar-based maritime and logistics conglomerate Milaha said its liftboat Milaha Explorer has been deployed off the coast of West Africa as part of a long-term charter with a major international oil company.Milaha’s President and CEO, Abdulrahman Essa Al-Mannai…

Siemens, China's SPIC Eye Link-up in Gas Turbines

Jul 09, 2018

Siemens and China's State Power Investment Corporation (SPIC) have entered into a memorandum of understanding confirming their intention to collaborate on heavy-duty gas turbines, the German group said on Monday.'The signing today will expedite…

China Private Refiner Buys Its first Kuwaiti Crude Oil Cargo

Jul 09, 2018

Shandong Dongming Petrochemical Group, China's largest private refiner, has bought a 1.9-million barrel cargo of Kuwaiti crude oil for end-July loading, the first of its kind since the plant started importing the commodity in 2015, company officials said on Monday…

Funding Secured for Israel's Largest Wind Farm

Jul 09, 2018

Enlight Renewable Energy said on Monday it secured 525 million shekels ($145 million) in financing to build Israel's largest wind energy project.The total cost for the 96 megawatt wind farm is 660 million shekels, Enlight said. Israel's Bank Hapoalim led the financing…

Sinovel Fined for AMSC Trade Secret Theft

Jul 06, 2018

A U.S. judge ordered Sinovel Wind Group Co Ltd, a Chinese wind turbine maker, to pay a $1.5 million fine after the company was convicted and charged for stealing trade secrets from Massachusetts-based AMSC. U.S. District Judge James Peterson in Madison…

Asian Refiners Rush to Secure Feedstock as Trade War Looms

Jul 06, 2018

U.S. tariffs on Chinese goods came into effect Friday; China retaliates, duty on U.S. crude possible. Asian oil refiners are racing to secure crude supplies in anticipation of an escalating trade war between the United States and China,…

Japan's First LNG Bunkering Vessel to Launch in 2020

Jul 06, 2018

Kawasaki Kisen Kaisha, Chubu Electric Power, Toyota Tsusho, and Nippon Yusen KK said on Friday that their joint venture has placed an order for a liquefied natural gas (LNG) bunkering vessel with Kawasaki Heavy Industries. The vessel, which…

Oil Slips, Weighed by Saudi Output, Trade Spat

Jul 06, 2018

U.S. crude inventories rise unexpectedly; U.S. implements tariffs on Chinese goods on Friday. Oil slipped below $77 a barrel on Friday, under pressure from higher Saudi production and trade tensions between the United States and China, despite support from oil supply disruptions…

Fall from Grace: Batista Gets 30-Years for Corruption

Jul 05, 2018

Eike Batista, the former mining and oil magnate who was once Brazil's richest man, was convicted and sentenced to 30 years in prison for bribing Rio de Janeiro state's disgraced ex-governor, according to a court document published on Tuesday…

China's Ethanol Push in Doubt as U.S. Trade Dispute Widens

Jul 05, 2018

Beijing slows approval process for new ethanol plants; ationwide roll-out of E10 fuel by 2020 in doubt. China's ambitious push to use biofuel in cars nationwide by 2020 is in doubt amid concerns about supplies of raw material such as corn…

China Keeps LNG off Tariff List - for Now

Jul 05, 2018

China embroiled in festering trade dispute with United States even as Chinese imports of U.S. LNG expected to surge -Morgan Stanley. China's omission of liquefied natural gas (LNG) from its vast list of U.S. products that face hefty import…

China, Venezuela Discuss Oil-related Cooperation

Jul 05, 2018

A senior official of China's National Development and Reform Commission (NDRC) and Venezuela's finance minister held discussions in Beijing on Wednesday about oil-related cooperation between the two countries. NDRC Vice-Chairman Ning Jizhe…

Shell CEO: "foolhardy" to Set Carbon Reduction Targets

Jul 05, 2018

CEO says a target will expose Shell to lawsuits; BP has also taken cautious approach on targets. Royal Dutch Shell's boss said it would be 'foolhardy' for the oil and gas producer to set hard targets to reduce carbon emissions as it risked exposing the energy giant to legal challenges…

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Energean Expects First Gas from Karish Offshore Field by Q3

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UAE Energy Minister: World Needs to Invest $3 trln-plus in Renewables in 10 years

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Inpex to Drill for Gas Offshore Japan

PetroChina Tops Singapore's List of 2021 Bunker Fuel Suppliers

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Vietnam Firm Launches $220M Offshore Wind Farm

Vietnam Firm Launches $220M Offshore Wind Farm
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